The document discusses emerging market trends for managed services. It shows that the managed services market has grown at a CAGR of over 7% from 2009-2014. Within managed services, IP VPN services grew at a CAGR of 12% during this period. Security services grew at varying rates, with authentication growing 10% annually and vulnerability management growing 7% annually from 2009-2014. Unified communications and collaboration services grew at an impressive 37% CAGR from 2009-2014.