Albany, NY -- (SBWIRE) -- 06/19/2018 -- Managed services refer to the process of organization's in-house work by some third party service provider. Managed services help in cutting authoritative costs and upgrading operations. An expansion in the complexity of processes dealing with issues such as security of data, information assurance, services for security of data, implementation, design and management of digital asset libraries, etc. Managed services incorporate services related with security, printing, facilities management and other basic capacities relating to the environments forming IT systems.

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Managed service model consists of a service provider and a client (customer). Client is the person or organization that wants a system or process being managed and the organization that provides the services to them is termed as the service provider. Recently, many media companies are preferring the managed services model as it enables them to focus on their core skills and become more efficient, competitive and saves them from additional unnecessary operational and capital costs.

In the current digitized ecosystem, the degree of complexity and competition in any industry is very high. The companies are always under the pressure for providing differentiated services to their customers without compromising on the quality of the service, thus, compelling them to adopt the managed services workflow model to maintain competitiveness in the market. Managed services help an enterprise to focus on the core activities of its business operation along with optimum utilization of its resources.

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Market for the global media managed services is segmented on the basis of organization size, managed service type and geography. On the basis of managed service type, the market is segmented into managed customer contact centers, managed data center, managed asset libraries, managed network services, managed information and data services, managed facilities, managed mobility services, managed security services, managed communications services and others. On the basis of enterprise size the market is segmented as large, small and medium enterprises (SME's). Large enterprises are projected to have major share in the global media managed services market, as they have to deal with large amount of business processes, whereas, rising awareness of these service models among mid and small sized enterprises are further propelling the growth of SME's in the global media managed services market.