Value added managed services (VAMS) are expected to drive overall growth and unveil opportunities for vendors in Asia-Pacific. VAMS, such as managed converged networks and hosted application services, are expected to grow by 18.5% in 2006 reaching $6.4 bln. The overall enterprise managed services market is growing at a CAGR of 16.3% with an estimated value of $17.8 bln in 2006. Managed network services will continue to be the largest VAMS engagement in 2006. IDC expects growth in 2006 to be close to 18% reaching $2.7 bln. Web hosting, managed application performance and hosted application management will follow with value worth $870 mln, $565 mln and $485 mln respectively.