Managed Network Services Market Size, Share, Growth Report 2032

Managed Network Services Market

Managed Network Services Market: By Service (Managed VPN, Data Storage, Network Monitoring, Managed Network Security, Hosted IP telephony and Others), By Organization Size (SMEs and Large Enterprises), By Vertical (Retail & Ecommerce, Telecom & IT, BFSI, Media & Entertainment, Healthcare, Healthcare Manufacturing, Government and BFSI and Others) -Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025.

Category: Technology & Media Report Format : PDF Pages: 200 Report Code: ZMR-5039 Published Date: Nov-2019 Status : Published
Market Size in 2018 Market Forecast in 2025 CAGR (in %) Base Year
USD 180.44 Billion USD 336.26 Billion 9.30% 2018

Managed Network Services Market

Global managed network services market size was valued at around USD 180.44 Billion in 2018, and is expected to reach approximately USD 336.26 Billion in 2025, at a CAGR slightly above 9.30% between 2018 and 2025.

Global Managed Network Services Market SizeRequest Free Sample

Managed services are the outsourced services such as functions, networking and services that can be remotely operated, maintained and monitored by managed service provider.

The managed network services market is likely to observe growth during the projected period, owing to the transformation of businesses to streamline their processes. Nowadays, every single organization depends on their IT departments and wants it to run systems at their finest level. The businesses are in need for extremely robust and scalable hardware and software so that they can achieve operational excellence. To overcome the burden of operations, the organizations are adopting managed services so as to reduce the burden. The demand is also subjected to rise owing to the increasing requirement of user identity authentication, transaction security, and more.

Owing to the availability of customization services, the key market vendors customize their services according to user needs; this is anticipated to promote market growth. Fast pace development in automation technology, increasing investment in ICT sector by government and private individual are eventually, expanding network services demand. Investments in numerous sectors such as retail, BFSI, telecommunication & IT and public sector are anticipated are anticipated to boost market growth in the long run. Network services market will undergo growth owing to the technologies such as big data, cloud computing and mobility across the globe. Increasing development in software-defined networking (SDN) and internet of things IoT are anticipated to offer growth opportunities for the managed network services market.

The managed network services market is segmented into service, organization size and vertical. The vertical is segmented into retail & e-commerce, telecom & IT, BFSI, media & entertainment, healthcare, industrial manufacturing, government and utilities and others. Healthcare sector is predicted to hold a notable share in the projected period. Owing to complex operations and high-volume of data it becomes very difficult for the organizations to manage these crucial and critical data, which is why the demand for managed network services market will grow in the forecast period. Also, system failure security gap and network issue can interrupt the work flow and cause serious damage to an organization.

On the basis of region the managed network services market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East and Africa.

North American market holds the significant market share of the market share in the managed network services, due to the presence of numerous multinational companies within the region and is anticipated to stimulate growth in the long run.

Asia Pacific region is anticipated to offer profitable opportunities to managed network services providers, due to the rising investments for security and adoption of cloud-based solutions by numerous companies in the region. This region is anticipated to hold substantial share in the forecast period.

Managed Network Services Market: Report Scope

Report Attributes Report Details
Report Name Managed Network Services Market Research Report
Market Size in 2018 USD 180.44 Billion
Market Forecast in 2025 USD 336.26 Billion
Growth Rate CAGR of 9.30%
Number of Pages 214
Key Companies Covered HCL Technologies Limited, Cisco Systems Inc., Ericsson, International Business Machines Corporation, Accenture, Hewlett Packard Enterprise Development LP, AT&T Inc., Alcatel-Lucent Enterprise, and Wipro Limited among others.
Segments Covered By Service, By Organization Size, By Vertical, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2017
Historical Year 2014 to 2016
Forecast Year 2019 - 2025
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Renowned managed network services market key players

HCL Technologies Limited
Cisco Systems Inc.
Ericsson
International Business Machines Corporation
Accenture
Hewlett Packard Enterprise Development LP
AT&T Inc.
Alcatel-Lucent Enterprise
Wipro Limited

The report segments managed network services market as follows:

Global Managed Network Services Market: Service Segment Analysis

  • Managed VPN
  • Data storage
  • Network monitoring
  • Managed network security
  • Hosted IP telephony
  • Others

Global Managed Network Services Market: Organization Size Segment Analysis

  • SMBs
  • Large Enterprises

Global Managed Network Services Market: Vertical Segment Analysis

  • Retail & E-commerce
  • Telecom & IT
  • BFSI
  • Media & entertainment
  • Healthcare
  • Healthcare manufacturing
  • Government and utilities
  • Others

Global Managed Network Services Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Managed services are the outsourced services such as functions, networking and services that can be remotely operated, maintained and monitored by managed service provider.

The global managed network services market  accounted for USD 180.44 Billion in 2018 and is expected to reach USD 336.26 Billion by 2025.
 

The CAGR value of the managed network services market is expected to be around 9.30% during 2019-2025.
 

North American market holds the significant market share of the market share in the managed network services, due to the presence of numerous multinational companies within the region and is anticipated to stimulate growth in the long run.

Some key players of the global managed network services market are HCL Technologies Limited, Cisco Systems Inc., Ericsson, International Business Machines Corporation, Accenture, Hewlett Packard Enterprise Development LP, AT&T Inc., Alcatel-Lucent Enterprise, and Wipro Limited among others.

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