| | JUNE 20224 Vol 03 · Issue 12 -JUNE 2022 Publisher Alok Chaturvedi Editor Sujith Vasudevan Editorial Aveek Pal Chaudhuri Avinash Roy Emmanuel Christi Das Ananth.V Group Art DirectorAshok KumarAdvertising Managers Ashu Sethi Abhay Katiyar Noida Rohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Girisha M Souvik AcharyaVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalCorrespondents Sigma Mohanty Subhadarshani MohantyRegardless of which market your company belongs to, the competition is getting more intense with every passing day. Focusing on and horning your core competencies is the need of the hour. But, while being a part of such a vast digital universe, the supporting functions often drift your focus away and take you down the rabbit hole. On the cost side, it is estimated that successful deployment of managed services will help reduce IT cost by 25-45 percent and increase operational efficiency by 45-65 percent. It is imperative that ambitious organizations outsource their non-core functions.According to Mordor Intelligence, the global managed services market was valued at $161.37 billion in 2021. It is expected to reach $311.32 billion by 2027, registering a CAGR of 12.44 percent during the forecast period, 2022-2027. The report also divulges that the SMBs will be the driving factors that are positively impacting the market growth, as more and more SMBs are looking to outsource non-core activities. According to Datto, on average, managed services providers (MSPs) report a client base of 122 clients. About 60 percent of the MSPs clients have between 1-150 employees; also, only 5 percent of the MSPs reported clients with over 500 employees. Additionally, it's a sure bet that 2022 is going to be all about application deployments matched to the speed of development. The application maintenance and support services will be pivotal to IT managed services, which is a clear cue for the MSPs. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comIt's Time to Focus on Core CompetenciesEditorial
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