Managed services is outsourcing on a proactive basis, certain processes and functions, intended to improve operations and cut expenses. Managed Infrastructure Services, such as desktop and print services, server, and hosting related services, and managed inventory services are some of the most common examples of managed infrastructure services. There are a wide number of companies operating in the domain, addressing several custom requirements of the end-users across the world.

The market studied is experiencing rapid growth and companies in the biopharmaceutical field are now shifting toward collaboration with healthcare IT-based companies to curb the increasing healthcare costs. Here, the long- term care software play an essential role to the overall healthcare system. The digitalization in healthcare technology is the prime element that is boosting the progression of the market. Also, shifting healthcare infrastructure, shortage of medical workforce, and acceptance of technological solutions in healthcare organizations are the significant growth factors of the market studied. Additionally, upsurge in elderly populace that triggers the mandate for healthcare IT solutions in LTC facilities. According to the UN report in 2017, there were around 962 million people aged 60 or over in the world, comprising 13% of the global population. The population aged 60 or above is growing at a rate of about 3% per year.

Managed services refer to a concept, wherein a third-party service provider manages an organization's in-house day-to-day management functions. Managed services involve outsourcing of services related to infrastructure, security, printing, mobility, and other functions, while the ownership rights stay with the end-user. It is estimated that successful deployment of managed services will help in reducing IT cost by 25-45% and will increase operational efficiency by 45-65%. The global market for managed services is expected to witness a high demand for information services and managed mobility. There has been a shift in focus toward managed services and their applications for both short and long-term strategic decisions. As managed services enable the companies to access enhanced applications and services that are possible in-house, it helps them to target their core strategic areas, while outsourcing the rest of the tasks to the service providers who possess the operational expertise in that domain.

In sports management, software has become a key differentiator to gain a competitive advantage for the stakeholders in the sports industry. Hence, many sports associations, clubs, and their coaches have been adopting the all-in-one integrated software solution driving the growth of the global sports management software market. Furthermore, companies in the global sports management software market are providing customized modules of the sports management software and pay as you go model in cloud deployment, which is driving the growth of the market. In the study, the technological aspects, along with the market trends, have been analyzed covering the use of sports management software across various applications.

As many organizations continue to face challenges with legacy ERP solutions that have been in place for more than a decade, cloud offerings are gaining traction over existing on-premise systems, as they enable greater business agility and scalability. Several financial service organizations are migrating to cloud solutions to deliver innovation, customization, and security, with the sole purpose of gaining a competitive edge. According to Capgemini, cloud solutions are helping the banks to significantly cut expenses by slashing infrastructure costs by a quarter and potentially saving about USD 15 billion by 2019. Owing to this, many vendors are providing IaaS and PaaS applications to eliminate the need to manage hosting, maintaining, updating, and scaling service operations.

Evidence-based research studies on healthcare technologies indicated that the adoption of patient portals reached 90% in most of the developed countries. This means, 90% of the providers offer patient portals to their patients in the United States. However, there are still some unmet needs of the patients that require more actions, in order to drive the effective use of patient portals across the developing countries. Despite the higher adoption rate of patient portals, the number of patients that use the portal to take care of their health is low. According to a report published by the American Hospital Association (AHA), only 30% of the patients in the United States actively use patient portal. The scenario is similar in the European countries, such as Germany and France, where the adoption is higher, but the actual use is yet to reach the satisfactory percentage.