Managed Network Services Market by Type ( Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, and Network Monitoring), Organization Size (Large Enterprises and SMES), Vertical, and Region – Global Forecast to 2025

2020-05-21
Price :
Published : May-2020
No. of Pages : 198

New connectivity demands increase complications in the IT environment boosting the adoption of managed network services

MarketsandMarkets projects the managed network services market to grow from USD 52.7 billion in 2020 to USD 71.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.3% from 2020 to 2025. Managed network services offer a systematic approach to manage an organization’s network and security needs. Managed network services enable effective monitoring and reduce support time, enabling enterprises to prevent network downtime and hiccups. The key managed network services types include managed Local Area Network (LAN), managed Wireless Fidelity (Wi-Fi), managed Virtual Private Network (VPN), managed Wide Area Network (WAN), network monitoring, and managed network security. The adoption of managed network services is gaining acceptance globally, as it offers reduction in operational as well as capital expenditure and helps manage network and security functions, effectively. Managed network service providers address the needs and expectations of enterprises in-depth, with respect to their changing needs and requirements. Partnerships of enterprises with managed network service providers help the provider monitor and maintain the enterprise network 24*7, proactively handle fault alert notification, reduce the Total Cost of Ownership(TCO), improve productivity, and maximize the network uptime, thus giving the enterprise opportunity to grow its businesses.

By type, the managed WAN segment to account for a largest market size during the forecast period

By type, the managed WAN segment is expected to record at the largest market size during the forecast period. As WAN connects every part of the organization it is a mission-critical task of keeping the network operating at peak performance, which takes time, effort, and focus. Hence, organizations outsource their network services. Managed WAN services help organizations easily collaborate with partners and suppliers, speed delivery of high-demand products, and create better experiences for customers by seamlessly connecting them with employees and self-service systems. The managed SD-WAN solution allows managed service providers to deliver a comprehensive, cost-effective managed SD-WAN service, which includes advanced connectivity and security functions. MSPs help enterprises distribute WAN traffic securely over carrier services, including IPVPN and broadband, enabling them to route traffic on the most efficient channel without sacrificing application performance.

By vertical, the BFSI vertical to hold the largest market size during the forecast period

The Banking, Financial Services and Insurance (BFSI)vertical offers tremendous opportunities for the growth of the managed network services market, as the vertical faces a significant need for improved connectivity and internet access to carry out financial transactions with ease and better security. The BFSI vertical is a highly regulated vertical with a large number of compliances and regulations. To cope with the changing regulations, BFSI institutions must evolve in terms of technology adoption to meet the regulatory needs. Managed network services enable financial institutions to increase their productivity and provide improved services to their customers. Financial institutions outsource their network to MSPs, which provide reliable networking and infrastructure management services to remotely manage the network.

By region, Asia Pacific to grow at the highest CAGR during the forecast period

The market of Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The vast and diverse geographies and a wide adoption of smart devices and internet are mandating the need for reliable and secure internet connectivity, thus driving the market for managed network services. The major countries such as China, India, Australia, and Japan, would witness high growth rates in this region. APAC demonstrates a combination of high growth, developing economies, and increasing adoption of mobile and internet. The number of internet users in this region have grown by a great extent; hence, several companies in the region have started deploying advanced communications solutions to cater the rising communication demand for high-speed data and superior voice quality. All these reasons increase the demand for better network management, network visibility and control, and wireless communication, leading to the adoption of managed network services in the region.

The breakup of the profiles of the primary participants is given below:

  • By Company Type: Tier 1 – 15%, Tier 2 – 40%, and Tier 3 – 45%
  • By Designation: C-Level – 40%, Director Level – 35%, Managers–15%, and others -10%
  • By Region: North America – 45%, Europe – 15%, APAC – 30%, and RoW – 10%

The following key managed network services vendors are profiled in the report:

  • IBM (US)
  • Fujitsu (Japan)
  • Cisco (US)
  • Ericsson (Sweden)
  • Verizon (US)
  • Comarch SA (Poland)
  • Huawei (China)
  • BT Group (UK)
  • AT&T (US)
  • T-Systems (Germany)
  • Orange Business Services (France)
  • DXC Technology (US)
  • NTT (Japan)
  • CenturyLink (US)
  • Global Cloud Xchange (UK)
  • TATA Communications (India)
  • Colt (UK)
  • Sify (India)
  • Telstra (Australia)
  • Sprint (US)
  • GTT (US)
  • Brennan IT (Australia)

Research Coverage

The managed network services market is segmented into the managed network services market by type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed VPN, Network Monitoring, and Managed Network Security [Managed Firewall and Managed Unified Threat Management(UTM)]), Organization Size (Large Enterprises and SMEs), Vertical (BFSI, Consumer Goods and Retail, Manufacturing, Healthcare and Life Sciences, Education, Telecom, IT, Energy and Utilities, Media and Entertainment, and Others [Transportation, Logistics, and Hospitality]), and Region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the managed network services market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:

  • It comprehensively segments the managed network services market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across different regions.
  • It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
  • It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new service developments, partnerships, and acquisitions.
Filed in: Information Technology
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Geospatial Imagery Analytics Market by Type (Imagery Analytics, Video Analytics), Collection Medium (Satellites, UAVS, and GIS), Application, Deployment Mode, Organization Size, Industry Vertical, and Region – Global Forecast to 2025

The need to collect information about  various coordinate locations to analyze and monitor the future risks and occurrences is driving the adoption of geospatial imagery analytics market MarketsandMarkets expects the global geospatial imagery analytics market to grow from USD 6.9 billion in 2020 to USD 27.9 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 32.1% during the forecast period. Major growth factors for the market include the increasing demand for location-based applications and the need to enhance surveillance operations. Healthcare and life sciences industry vertical to grow at the highest CAGR during the forecast period Based on industry verticals, the geospatial imagery analytics market is divided into defense and security; government; environmental monit......
$4950

COVID-19 Impact on Healthcare Information Technology Market by Product (Telehealth, Cloud Computing, Artificial Intelligence, Analytics, RCM, PACS, VNA, EHR, IoT, ePrescription and PM), End-User and Region – Global Forecast to 2021

 “The global healthcare information technology market is projected to grow at a CAGR of 28.6%from 2019 to 2020.” The global healthcare information technology market size is projected to reach USD 270.3 billion by 2021 from USD 227.5 billion in 2020, at a CAGR of 23.6%. The market for healthcare information technology is driven primarily by the rising incidence of COVID-19, government mandates, support and initiatives for HCIT solutions, the increasing use of big data in healthcare, high returns on investment for HCIT solutions, and the need to curtail escalating healthcare costs. “In 2019, the healthcare IoT product segment accounted for the largest share of the market.” Based on the product, the healthcare IoT market segment accounted for the largest share of the healthc......
$5650

Innovation Management Market by Function (Product Development & Business Processes), Type (Solutions & Services), Deployment Mode, Enterprise Size, Vertical (Healthcare & Pharmaceuticals, IT & Telecommunications), and Region – Global Forecast to 2025

 “The global innovation management market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period.” MarketsandMarkets forecasts the global innovation management market size to grow from USD 918 million in 2020 to USD 1,663 million by 2025, at a CAGR of 12.6% during the forecast period. The major growth factors for the market include the increasing demand for crowdsourcing innovation across verticals and changing work culture in enterprises. However, the mindset of leaders towards traditional approaches may restrain the market growth. Product development segment to hold a larger market size during the forecast period By function, the innovation management market is subsegmented into product development and business processes. Among ......
$4950

Expedia Group Inc.: Enterprise Tech Ecosystem Series

Expedia Group Inc.: Enterprise Tech Ecosystem Series Summary Expedia Group, Inc. (Expedia Group) is an online travel solutions provider. It offers wide range of services which includes booking of hotel rooms, destinations, airline seats, and car rentals. These services are offered under various brands including Expedia.com, Hotels.com, Expedia Local Expert, Orbitz, ebookers, CheapTickets, Hotwire.com, Expedia Affiliate Network (EAN), Classic Vacations, CarRentals.com, Travelocity, Wotif Group, and SilverRail Technologies. Expedia Group serves customers through mobile bookings, alternative distribution channels, private label businesses, and call centers. The company also carries out advertising and media business and travel management businesses. Expedia invests in and supports innovator......
$1495

Remote Asset Management Market by Component (Solutions (APM, Analytics and Reporting) and Services (Professional Services, Managed Services)), Asset Type (Fixed, Mobile), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2025

Growth of the remote asset management market can be attributed to the surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency The remote asset management market size is projected to grow from USD 16.5 billion in 2020 to USD 32.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. The major factors driving the growth of the remote asset management market includea surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency, decreasing cost of IoT-enabled sensors optimize asset lifecycle through remote asset management solutions, and predictive maintenance to boost the adoption of remote asset management, thereby reducing the operational cost of remote assets. Serv......
$4950

Enterprise Content Management Market by Component, Deployment Mode, Organization Size, Business Function (HR Operations, Procurement and Supply Chain Management), Vertical (BFSI, Transportation and Logistics), and Region – Global Forecast to 2025

The global Enterprise Content Management (ECM) market size to grow at a CAGR of 10.8% during the forecast period The Enterprise Content Management (ECM) market size is projected to grow from USD 40.1 billion in 2020 to USD 66.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.The major growth factors of the ECM market include the increased need of companies to organize, categorize, and structure all of the content in a meaningful, easily explorable manner and rising demand of companies to deliver personalized content to the right audience through the right channels. Cloud deployment mode to grow at a rapid pace during the forecast period Advances in cloud and analytics technology, as well as the continued integration of social collaborat......
$4950

COVID-19 Impact on Telecom Services – Thematic Research

COVID-19 Impact on Telecom Services - Thematic Research Summary The COVID-19 outbreak has now spread across the world, leaving a trail of destruction in its wake. This report discusses the impact of the virus on leading companies in the telecom services sector. Key Highlights - National telecom operators have had to juggle several roles to provide support to governments and customers during the COVID-19 crisis. They have been giving subscribers extra data and speed boosts to make the stay-at-home experience more bearable. - They have also been expected to provide extra capacity, set up emergency teams to maintain network quality for critical use cases, and provide insight into peoples' movements in COVID-19-affected areas. - COVID-19 is turning operators into multi-utilities, providin......
$1950

Chevron Corporation: Enterprise Tech Ecosystem Series

Chevron Corporation: Enterprise Tech Ecosystem Series Summary Chevron gathers real-time information on its operations through sensors installed in its oil wells and capturing other machine-to-machine data. Since 2017, the company has deployed millions of sensors across its global facilities. Chevron is enabling real time information analysis using various digital technologies to improve quality and speed of its decision making. Chevron has employed various risk management processes to mitigate business risks related to operations, finances, commodity pricing forecasts, project approvals, geopolitical, legislative, and data security. Chevron has enabled fully automated drilling operations and inspection of pipelines. It is also investing in robotic process automation (RPA) and deployed......
$1495

Equinor ASA: Enterprise Tech Ecosystem Series

Equinor ASA: Enterprise Tech Ecosystem Series Summary In June 2019, Equinor entered into three-year agreement as a digital futures partner of Aberdeen Science Centre to support digital transformation and STEM education. In 2018, Equinor introduced Digital Academy, which focuses on training its workforce on digital technologies such as AI, data, data science, machine learning, programming, and cybersecurity helping them enhance their core skills. In 2018, Equinor in collaboration with DNV GL and Telenor established a Norwegian Open AI Lab in Norway, which is focused on research and development of technology solutions powered by big data, machine learning, and artificial intelligence for corporate and industrial partners. It will also support entrepreneurs in artificial intelligence. E......
$1495

Sphera Solutions – Tech Innovator Profile

Sphera Solutions - Tech Innovator Profile Summary Founded in 2016, Sphera Solutions, Inc. (formerly known as IHS Operational Excellence and Risk Management), is an integrated risk management software solutions and information services provider, focused primarily on environmental health & safety (EHS), operational risk, and product management. Scope The report provides information and insights into Sphera Solution's, including - - Overview of the company and its product offering - Detailed insight into its business model, company type and headquarter - Information on funding and partnership - Biography of top management Reasons to Buy - Gain insights into Sphera Solution's business operations. - Gain insights into partnership. - Gain understanding about its technology focus.......
$350
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy