Contact Information: Media Contact: Heather Gallo Business Development Manager Synergy Research Group +1 775-852-3330 ex 101
SYNERGY Delivers New Managed Services Market Survey
Cisco Leads the Managed WAN & Network Services Pack, Dominating 67.3 Percent of the Market
| Source: Synergy Research Group
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.