Cloud managed services, less costly and are more efficient than traditional on-premises services

It remains obvious that, the industries are facing problems in the integrated services performance with respect to data access and storage. In order to minimize the issues of data center, communication, infrastructure and networking organizations are adopting cloud managed services as these are less costly and are more efficient than traditional on-premises services.

However, privacy and security concern and Inefficiency of cloud managed service model remain key challenges.

According to Research and Markets, the major factors which are driving the market growth of cloud managed services are rising adoption of Big Data and analytics trend and managed services in SMEs.