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The global managed services market size is expected to reach USD 376.13 billion by 2025, according to a new study conducted by Grand View Research, Inc.

It is anticipated to expand at a CAGR of 11.7% during the forecast period.

Growing dependence of enterprises on IT assets for driving their business productivity coupled with the need for specialized Managed Service Providers (MSPs) and cloud-based managed services is expected to drive the growth.

Growing need to reduce downtime of systems is expected to further fuel the market growth.The MSPs provide migration assistance to organizations moving their services from private to public cloud.

They also offer differentiated cloud managed services which help enterprises in their decision-making processes.

Implementation of these services considerably reduces the IT operational costs and helps improve organizational flexibility and efficiency.Increasing IT expenditure across the globe is anticipated to create growth opportunities for the managed services market over the forecast period.

Exports from the industry increased to US$ 137 billion in FY19 while domestic revenues (including hardware) advanced to US$ 44 billion.”- IBEFIndia is steaming ahead when it comes to technological innovation and there is no withholding to the growing presence of India on the world’s stage right now.

This technological boom has led to an increase of entrepreneurial spirit as well, where now, many Indians are ready to work in homegrown firms.Adding to this technological inflation, Prime Minister Narendra Modi aspires to create an India which can easily complement the needs of tomorrow, today-- “Digital India means empowering ordinary people with the power of technology to reform, transform and develop India.

It will bridge the digital divide between the haves and have-nots and bring digital inclusion based on technology which is low cost and development-oriented,” according to New Indian ExpressWhat makes these technological outlandish companies, more pragmatic and a think tank?

Asiamoney's Executive Editor Alex Pang commented on the impressive win for TCS- “By consistently setting a high standard in governance and leadership, TCS and other top-ranked companies in our polls are serving as exemplars, much to the betterment of all stakeholders across the region.

"WIPRO: Time and again, Wipro has been recognized as one of the best leading consulting and outsourcing solutions service provider.

AEOLogic Technologies: AEOLogic brings together one of the world’s biggest pools of profound industry experts who are respected for helping shape some of the world’s widely recognised public and corporate brands and helping businesses of all shapes and sizes prosper in a digital world.

The GlobalTranz VisionGlobalTranz was founded in 2003 with a vision to deliver innovative technology to the Less-Than-Truckload (LTL) space that would allow shippers unprecedented visibility, options, flexibility and control over their LTL transportation.

Since 2003, GlobalTranz has rapidly expanded into a leading logistics technology company and award-winning provider of multimodal transportation services and solutions.Exclusive Services, Solutions and ProductsThe combination of transformative technology, exceptionally low rates, a robust agent network, and great service led to rapid growth which continues to the present.

Today, GlobalTranz is a $1.4B organization, with 11 offices throughout North America, including a regional office in Monterrey, Mexico.

The company provides complete multimodal services, from small parcel to project logistics and everything in between, including LTL, truckload, expedite, intermodal, cross-border transportation and international air and ocean shipping.Additionally, GlobalTranz provides consultative Managed Transportation Services (MTS) that allow its clients to focus on growing their business while utilizing their team of experts to manage their freight.

Whether a shipper wants to outsource all of their logistics operations or just a specific segment of their transportation needs, the GlobalTranz team works as an extension of the client’s team to design the right solution to fit their organization’s needs and goals.The dynamic GlobalTranz team also works as a partner to provide supply chain planning, day-to-day execution and strategic recommendations to reduce their freight costs, improve operational processes and deliver a competitive advantage.Proven LeadershipAs Chief Executive Officer of GlobalTranz, Renee Krug brings tremendous leadership skills, domain knowledge and 30+ years of multi-discipline experience that drive the overall strategy and direction of the company.

She is an action-oriented executive who drives meaningful initiatives that create success.

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