SOURCE: Synergy Research Group

June 26, 2008 09:00 ET

SYNERGY Delivers New Managed Services Market Survey

Cisco Leads the Managed WAN & Network Services Pack, Dominating 67.3 Percent of the Market

RENO, NV--(Marketwire - June 26, 2008) - (SRG) announces the debut of its syndicated service on managed services and the release of their first Total Managed WAN (CPE) and Network Based Services Market Shares report. Their new service delivers timely financial and statistical information about network equipment and vendor products and solutions used by managed service providers to deliver managed network services to enterprises. Synergy will now track and publish the market share of managed services equipment and provider solutions as well as deliver an analysis of market trends in quarterly reports.

Q1 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, Ph.D., Chief Research Officer at Synergy Research Group states, "To stay competitive, optimization of business and financial models is the key. Enterprises recognize that they need comprehensive IT network services from service providers that can support their businesses with not only bandwidth but with end-to-end managed services. Service providers, in turn, are investing in cutting-edge technology and equipment and expanding their services to match their customers' requirements with fully customized, cost effective solutions."

About Synergy Research Group

Synergy Research Group (www.srgresearch.com) is a market research leader providing quarterly market share, analysis, and forecasting services to the Telecom, Mobile and Networking Industries.

For more information about Synergy's quarterly reports and research services, log on to www.srgresearch.com or contact Heather Gallo at hgallo@srgresearch.com or 775-852-3330.

Contact Information

  • Media Contact:

    Heather Gallo
    Business Development Manager
    Synergy Research Group
    +1 775-852-3330 ex 101
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