Global Managed Network Services Market, By Component (Managed LAN/WPN Networks, Managed IP Telephony, Managed IP/VPN, Managed Ethernet Links and Managed Video Conferencing/ Tele-presence), Service Type (Managed Internet Access and Network Infrastructure Provisioning, Managed VPN, Data Storage, Network Monitoring, Managed Network Security, Hosted IP Telephony and Other Services), Deployment Type (On-Premise and Cloud), Organization Size (Large Enterprises, Small and Medium Enterprises), End User (Banking and Securities, Insurance, Communication, Media and Services, Healthcare Providers, Manufacturers, Retail and Ecommerce, Wholesale Trade, Transportation, Utilities, Education, Government and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Increasing advancements in big data analytics technology, growing adoption of cloud based solutions and services by small and medium scale organisations and surge in the focus towards cutting down the deployment costs and downtime are the major factors attributable to the growth of the managed network services market. Data Bridge Market Research analyses that the managed network services market will exhibit a CAGR of 9.08% for the forecast period of 2021-2028. This means that the managed network services market would stand tall at a market value of USD 123.29 billion by 2028.
Managed network service is an outsource network solution that is operated and secured by third party service provider. Managed network service is a communication network that helps to lower down the deployment costs, reduce complexities in the operations and boost up the agility.
Increased demand for solutions and services that help to tackle the complexities will emerge as the major market growth driving factor. Growing advancements in artificial intelligence technology coupled with high penetration of mobility will further aggravate the growth of the market. Growth in the adoption of cloud based solutions by banking financial services and insurance (BFSI) enterprises, growing need to lower the capital expenditure (CAPEX) and operating expenditure (OPEX) and rise in the demand for operational excellence are some other factors bolstering the growth of market.
However, uncertainty over the service charge and low adoption rate of outsourced managed services will act as a growth restraint for the market. Dearth of skilled personnel or trained expertise and adequate IT infrastructure in developing and underdeveloped economies will yet again hamper the market growth rate. Data security and privacy concerns will also pose challenge to the growth of the market.
This managed network services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on managed network services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Managed Network Services Market Scope and Market Size
The managed network services market is segmented on the basis of component, service type, deployment type, organization size and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- By the component, the managed network services market is segmented into managed LAN/WPN networks, managed IP telephony, managed IP/VPN, managed Ethernet links and managed video conferencing/ tele-presence.
- Based on service type, the managed network services market is segmented into managed internet access and network infrastructure provisioning, managed VPN, data storage, network monitoring, managed network security, hosted IP telephony and other services. Network monitoring segment is sub-segmented into port assessment, performance reporting, traffic analysis, configuration change management, visualization and incident management. Managed network security segment is sub-segmented into identity and access management, IDS/IPS and antivirus/BOT/malware.
- On the basis of deployment type, the managed network services market has been segmented into on-premise and cloud.
- On the basis of organization size, the managed network services market is segmented into large enterprises and small and medium enterprises.
- On the basis of end user, the managed network services market is segmented into banking and securities, insurance, communication, media and services, healthcare providers, manufacturers, retail and ecommerce, wholesale trade, transportation, utilities, education, government and others.
Managed Network Services Market Country Level Analysis
The managed network services market is analysed and market size, volume information is provided by country, component, service type, deployment type, organization size and end user as referenced above.
The countries covered in the managed network services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the managed network services market and will continue to flourish its trend of dominance during the forecast period owing to the rising adoption of cloud based solutions by small and medium scale enterprises and rising trend of outsourcing. Asia-Pacific will however, register the highest CAGR for this period. This is because of the increased penetration of the sustainable growth of IT sector in the region.
The country section of the managed network services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Managed Network Services Market Share Analysis
The managed network services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to managed network services market.
The major players covered in the managed network services market report are Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Nokia, Telefonaktiebolaget LM Ericsson, IBM, AT&T Intellectual Property, Accenture., Cisco Systems, Inc., LG Networks, Inc., HCL Technologies Limited, Wipro Limited, Verizon, FUJITSU, ALE International, ALE USA Inc., Dell, Telstra, IBM, RACKSPACE US, INC., and Tata Consultancy Services Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Managed Network Services Market
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