Managed Network Services Market 2022-2027 Report provides the latest industry data on market status, market share, growth rate, competition landscape, future trends, budget allocation and key challenges, sales channels, and distributors.
The “Managed Network Services Market” expected to grow considerably in the forecast period 2022- 2027. The Research report sheds light on Leading Players details with best facts and figures, meaning, definition, SWOT analysis, expert opinions and growth of Managed Network Services industry in upcoming years. Leading companies of Managed Network Services Market are: Fujitsu Ltd, Cisco Systems, Inc., Dell EMC (EMC Corporation), … The report provides key statistics on the market status of the leading Managed Network Services market Trends, share and opportunities in the market.
The global managed network services market was valued at USD 37.82 billion in 2017, and is expected to reach a value of USD 57.11 billion by 2027, at a CAGR of 7.11%, during the forecast period (2021 – 2027). The scope of the managed network services market has covers segments by deployment, on-premise and cloud, by type of component LAN/WAN, IP/VPN, Ethernet Links, type of service managed network examining services, managed network execution services, and managed network design services, by size of business large, medium and small, and is limited to applications, like IT and telecommunications, public sector, retail sector, transportation and logistics, BFSI and manufacturing. The regional landscape of the report includes North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
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Company Coverage: –
– Fujitsu Ltd
– Cisco SystemsInc.
– Dell EMC (EMC Corporation)
– IBM Corporation
– Alcatel-Lucent.SA
– ATandT Inc.
– HP Development Company
– LP
– Microsoft Corporation
– Verizon Communications Inc.
– Dell Inc.
– Rackspace Inc.
– TCS Limited.
– Deutsche Telekom AG
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Market Players Competitor Analysis:
Cost Optimization is Driving the Adoption of Managed Network Services
Businesses are estimated to save 15%-25% of their costs invested on IT services with the adoption of managed network services. It is also predicted that 45% of the customers prefer other companies if they do not receive a quick response due to unexpected IT issues. This can be avoided by addressing the customers via email, phone, and live chats, thus, improving customer satisfaction by providing all time monitoring services. This proactive support reduces the downtime due to network outages, thereby enhancing productivity. The costs involved in these services is also fixed thus leading to a more stable IT budget, which is easy to plan. Overall, the managed network services are a smart alternative for businesses seeking to keep up with the competition, along with saving costs.
Service Providers are Facing Snowballing Demand for IP Services as Businesses Seek to Enhance Productivity Through Information Technology
IP/VPN offers the security and policy management of a network, constructed from leased lines, but over a shared, lower-cost environment. These services signify a perfect solution for integrating voice and data traffic to develop productivity at branch offices. The IP/VPN components are representing a tremendous opportunity for service providers to realize new and more substantive revenue streams. The service providers are gaining competitive advantage through customized and manageable IP-VPN services. The customer experiences a private network service that connects its remote sites, even though traffic flows through a shared provider infrastructure.
This service provides greater reliability for the customer and better resource utilization for the service provider. With a greater number of businesses seeking to outsource internet and managed network services, there is an increasing demand for IP/VPN technology.
Outsourcing Networked Business Functions is Growing with More Number of Small and Medium-Sized Organizations Opting for Managed Network Services to Optimize Costs
Businesses are depending on increasingly complex network technology to support internal processes and external relationships with customers. The sophisticated network infrastructure can manufacture resources that could be better devoted to business competencies. Many companies are focusing on outsourcing some or all of their network functions to service providers. Organizations are discovering that outsourcing can help achieve significant revenue benefits, increase flexibility, and agility, and provide access to networking, security, and communication. Among small and medium-sized businesses, improving operational efficiency is a very large benefit of out-tasking. Large organizations are the potential managed network services vendors. Even for large enterprises with geographically-dispersed locations, the managed network services are the best-fit or the most cost-effective solution.
IT and Telecommunication Sector Dominated the Managed Services Market Holding a Market Share
Latest technological breakthroughs have assisted the advancement of new managed network services that can make the overall processes more efficient and can significantly improve accuracy in various applications. The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, the IT and telecommunication, public sector, retail, and BFSI applications are set to boom in the coming years. Initiation of next generation communication technologies, smart devices adoption, and a shift towards digitization are the factors that are expected to augment the growth of the IT and telecommunication sector enormously during the forecast period. With the rising number of opportunities, even the challenges are increasing for the operators.
North America Region Dominated the Market
North America is followed by Asia-Pacific with the huge growth potential in countries, such as China, India, and Middle East and Africa (MEA) are expected to provide high growth opportunities for the market.
Key Recent Developments
• February 2021 – Nokia announced that Etisalat has chosen the Nuage Networks Virtualized Network Services (VNS) SD-WAN solution as a key element in its cloud transformation program. Nuage Networks VNS enables Etisalat to provide automated, dynamic, programmable, and more efficient services to its enterprise customers. It will enable self-service ordering and configuration of services, as well as the ability to manage and control them based on the individual requirements of the enterprise
• May 2017 – Verizon shut down its public cloud service in early 2016, and is now unloading its virtual private cloud and managed hosting offerings to IBM. The deal allows IBM to improve its position in cloud computing. Meanwhile, the deal allows Verizon to get out of the cloud infrastructure market dominated by Amazon, Google, and Microsoft, allowing it to focus on its managed network, security, and communications services
The major players include – FUJITSU LTD., CISCO SYSTEMS, INC., DELL EMC (EMC CORPORATION), IBM CORPORATION, ALCATEL-LUCENT.S.A, ATandT INC., HP DEVELOPMENT COMPANY, LP, MICROSOFT CORPORATION, VERIZON COMMUNICATIONS INC., DELL INC., RACKSPACE INC., TCS LIMITED., and DEUTSCHE TELEKOM AG, amongst others.
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Reasons to Purchase this Report:
- To examine the increased usage of Managed Network Services in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness – Porter’s Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitutes
3.3.5 Intensity of Competitive Rivalry
4. Market Dynamics
4.1 Drivers
4.1.1 Cost Optimization with the Adoption of Managed Network Services
4.2 Restraints
4.2.1 Privacy and Security remain the Bigggest Concerns
5. Global Managed Network Services Market Segmentation by
5.1 Type of Deployment
5.1.1 On-premise
5.1.2 Cloud
5.2 Type of Component
5.2.1 LAN/WAN
5.2.2 IP/VPN
5.2.3 Ethernet Links
5.2.4 Others
5.3 Type of Service
5.3.1 Managed Network Examining Services
5.3.2 Managed Network Execution Services
5.3.3 Managed Network Design Services
5.3.4 Others
5.4 Size of Business
5.4.1 Small
5.4.2 Medium
5.4.3 Large
5.5 Application
5.5.1 IT and Telecommunication
5.5.2 Public Sector
5.5.3 Retail Sector
5.5.4 Transportation and Logistics
5.5.5 BFSI
5.5.6 Manufacturing
5.5.7 Others
5.6 By Region
5.6.1 North America
5.6.1.1 US
5.6.1.2 Canada
5.6.2 Europe
5.6.2.1 United Kingdom
5.6.2.2 Germany
5.6.2.3 France
5.6.2.4 Rest of Europe
5.6.3 Asia-Pacific
5.6.3.1 China
5.6.3.2 India
5.6.3.3 Japan
5.6.3.4 Rest of Asia Pacific
5.6.4 Latin America
5.6.4.1 Brazil
5.6.4.2 Mexico
5.6.4.3 Argentina
5.6.4.4 Rest of Latin America
5.6.5 Middle East and Africa
5.6.5.1 Saudi Arabia
5.6.5.2 UAE
5.6.5.3 South Africa
5.6.5.4 Rest of Middle East and Africa
6. Competitive Intelligence – Company Profiles
6.1 Fujitsu Ltd
6.2 Cisco Systems, Inc.
6.3 Dell EMC (EMC Corporation)
6.4 IBM Corporation
6.5 Alcatel-Lucent.SA
6.6 ATandT Inc.
6.7 HP Development Company, LP
6.8 Microsoft Corporation
6.9 Verizon Communications Inc.
6.10 Dell Inc.
6.11 Rackspace Inc.
6.12 TCS Limited.
6.13 Deutsche Telekom AG
* List is not exhaustive
7. Investment Analysis
7.1 Recent Mergers and Acquisitions
7.2 Investment Outlook
8. Future of the Managed Network Services MarketAAAA
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