The global demand for Managed Network Services Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Managed network services are offered by managed service provider (MSP) to businesses that outsource the task of IT infrastructure management. Managed network services include operating, monitoring and maintaining the IT environment. There are various advantages of availing managed network services. It enables businesses to cut down on IT cost, provides access to latest technologies that are accredited, and enhanced user experience along with 24*7 support and fast response time. In addition, such services enhance the network security of an organization and provides data backup. Managed network services allow enterprises to focus on their core business in a better way by transferring the associated risks and complexities to MSP.
Key factors driving managed network services market growth are increasing digitization, increasing utilization of Cloud Business Intelligence (BI) and Analytics in various sectors, such as BFSI, and increasing incidence of cyber-attacks and data loss. Other factors boosting market growth are dearth of skilled IT professionals, increasing demand for cost-effective solutions, and low IT budget to reduce cost. Besides, increasing adoption of cloud and growing demand for managed network services in SMEs will create significant growth opportunities for managed network service providers. However, random service charges and increasing concern overexposure of confidential data may hamper managed network services market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of managed network services. The growth and trends of managed network services industry provide a holistic approach to this study.
This section of the managed network services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Organization Size
- Managed LAN
- Managed Wi-Fi
- Managed VPN
- Managed WAN
- Network Monitoring
- Managed Network Security
- Consumer Goods and Retail
- Energy and Utilities
- Healthcare and Life Sciences
- Media and Entertainment
This section covers the regional outlook, which accentuates current and future demand for the Managed Network Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Managed Network Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the managed network services market include Accenture, Alcatel-Lucent Enterprise, AT&T Inc., CenturyLink Inc., Cisco Systems Inc., Ericsson, GTT Communications Inc., HCL Technologies, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., and International Business Machines Corporation (IBM). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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