Managed network services refer to a communication network which is operated & secured by the third-party service provider. It can help to lowers cost, improve agility and reduce complexity across the business network. This is type of outsource network solution. There are several solution & services which are included in managed networks like managed LAN, managed WAN, a managed gateway, managed wireless networks, and other automated network support services.
The rise in the population of random traffic, data volumes, bandwidth requirements & proliferation of IoT & cloud emerge as the various driving factors which expected to boost the global managed network services market growth over the forecast period. The increase in need to cut down the deployment cost and downtime expected to drive the market growth. Also, the growing need for superior network security with greater network accessibility is anticipated to contribute the global managed network services market growth.
Furthermore, the increase in penetration of mobility, big data analytics and cloud computing is another driving factor which expected to accelerate the growth of managed network services market during this forecast period. Moreover, the increase in need for cost optimization to improve business process efficiency as well as need to manage complex networks expected to propel the global managed network services market growth.
The rise in concerns to the exposing sensitive & confidential information is a major restraint which expected to hamper the global managed network services market growth. Also, lack of skilled professionals as well as uncertainty over the service change may hinder the market growth.
The Global Managed Network Services Market is segmented into type such as Managed LAN, Managed Wi-Fi, Managed VPN, Managed WAN, Network Monitoring, and Managed Network Security, by organization size such as SMEs, and Large Enterprises. Further, market is segmented into industry vertical such as BFSI, Retail, Consumer Goods, IT, Manufacturing, Energy & Utilities, Education, Healthcare & Life sciences, Media & Entertainment, and Others.
Also, the Global Managed Network Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region is one of the prominent regions in the managed network services market in terms of revenue share with large scale implementations across industries from past few years. Various top companies like Verizon, Cisco, IBM, are headquartered in North America. The rapid changes in Information and Technology infrastructure such as clod & virtualization have significantly increased the pressure on network administrators in this region to manage the network infrastructure. Hence, organizations here are outsourcing network services which offer enterprises a high standard network management & lower operating costs. North America is anticipated to remain a leader in the market, due to the increase in demand for high-speed networks and growing competition among major players in the networking industry for providing better customer experience, and the increase in adoption of cloud networking.
Various key players are listed in this report such as CISCO, IBM, FUJITSU, ERICSSON, VERIZON, COMARCH, BT GROUP, AT&T, T-SYSTEMS, HUAWEI, etc.
Market Drivers
The rise in the population of random traffic, data volumes, bandwidth requirements & proliferation of IoT & cloud emerge as the various driving factors which expected to boost the global managed network services market growth over the forecast period. The increase in need to cut down the deployment cost and downtime expected to drive the market growth. Also, the growing need for superior network security with greater network accessibility is anticipated to contribute the global managed network services market growth.
Furthermore, the increase in penetration of mobility, big data analytics and cloud computing is another driving factor which expected to accelerate the growth of managed network services market during this forecast period. Moreover, the increase in need for cost optimization to improve business process efficiency as well as need to manage complex networks expected to propel the global managed network services market growth.
Market Restraints
The rise in concerns to the exposing sensitive & confidential information is a major restraint which expected to hamper the global managed network services market growth. Also, lack of skilled professionals as well as uncertainty over the service change may hinder the market growth.
Market Segmentation
The Global Managed Network Services Market is segmented into type such as Managed LAN, Managed Wi-Fi, Managed VPN, Managed WAN, Network Monitoring, and Managed Network Security, by organization size such as SMEs, and Large Enterprises. Further, market is segmented into industry vertical such as BFSI, Retail, Consumer Goods, IT, Manufacturing, Energy & Utilities, Education, Healthcare & Life sciences, Media & Entertainment, and Others.
Also, the Global Managed Network Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
The North America region is one of the prominent regions in the managed network services market in terms of revenue share with large scale implementations across industries from past few years. Various top companies like Verizon, Cisco, IBM, are headquartered in North America. The rapid changes in Information and Technology infrastructure such as clod & virtualization have significantly increased the pressure on network administrators in this region to manage the network infrastructure. Hence, organizations here are outsourcing network services which offer enterprises a high standard network management & lower operating costs. North America is anticipated to remain a leader in the market, due to the increase in demand for high-speed networks and growing competition among major players in the networking industry for providing better customer experience, and the increase in adoption of cloud networking.
Market Key Players
Various key players are listed in this report such as CISCO, IBM, FUJITSU, ERICSSON, VERIZON, COMARCH, BT GROUP, AT&T, T-SYSTEMS, HUAWEI, etc.
Market Taxonomy
By Type
- Managed LAN
- Managed Wi-Fi
- Managed VPN
- Managed WAN
- Network Monitoring
- Managed Network Security
By Organization Size
- SMEs
- Large Enterprises
By Industry Vertical
- BFSI
- Retail
- Consumer Goods
- IT
- Manufacturing
- Energy & Utilities
- Education
- Healthcare & Life sciences
- Media & Entertainment
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Managed Network Services Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Managed Network Services Market
What is the estimated value of the Global Managed Network Services Market?
What is the growth rate of the Global Managed Network Services Market?
What is the forecasted size of the Global Managed Network Services Market?
Who are the key companies in the Global Managed Network Services Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2021 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 54.3 billion |
| Forecasted Market Value ( USD | $ 85.4 billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Managed Network Services Market Outlook
5 Global Managed Network Services Market, By Type
6 Global Managed Network Services Market, By Organization Size
7 Global Managed Network Services Market, By Industry Vertical
8 Global Managed Network Services Market, By Region
9 North America Managed Network Services Market Analysis and Forecast (2020-2027)
10 Europe Managed Network Services Market Analysis and Forecast (2020-2027)
11 Asia Pacific Managed Network Services Market Analysis and Forecast (2020-2027)
12 Latin America Managed Network Services Market Analysis and Forecast (2020-2027)
13 Middle East Managed Network Services Market Analysis and Forecast (2020-2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- CISCO
- IBM
- FUJITSU
- ERICSSON
- VERIZON
- COMARCH
- BT GROUP
- AT&T
- T-SYSTEMS
- HUAWEI
