According to the Synergy Research Group, in the first quarter of 2008 worldwide total managed WAN CPE and network-based services sales posted a 4.9 percent increase of $1.4 billion and are projected to continuing growing throughout the year. The growth in the managed services market is fueled by businesses worldwide turning to service providers for managed metro Ethernet, IP VPNs, managed IP voice and IP security requirements. Enterprises are revamping their business models to increase their revenue, recognizing that their IT and networks are a critical component of their business profits. Additionally, they recognize that outsourcing their network management to service providers is one way to improve their business success and bottom line. Companies such as Cisco, Juniper and Alcatel-Lucent are working to educate service providers about the huge market in managed services and of the importance of providing end-to-end services for these businesses. Ray Mota, Chief Research Officer at S
TMT Market Research Summaries and Analysis