Managed Network Services Market

Managed Network Services Market is forecast to grow at a CAGR of 7% over the forecast period (2021-2028), touching USD 83,456 Million by 2028.

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Managed Network Services Market Overview

Growth in the managed network services market is attributed to the emerging need to decrease operational cost and adoption of advanced technologies such as big data, cloud computing, and machine learning. Moreover, in managed network services organizations outsource the network infrastructure and operations, thus, enabling them to focus on key business activities, improving agility, and minimizing risk, which is further driving the market growth. Managed services improve operational efficiency as well as increases profitability by ensuring proper usage and distribution of resources. Further, with the advent of cloud-based technologies, the managed services market is projected to surge. The sudden outbreak of coronavirus pandemic has positively impacted the market growth. The growing adoption of work from home and bring your own device trend among organizations due to the strict lockdown norms enforced across the nation have surged the need for business automation, driving the market growth.

Small and Medium Enterprises segment is expected to dominate the market over the forecast period. With the increasing expenditure on ITs, adoption of cloud, and digital services by SMEs, the demand for Managed network Services has increased. This is because the managed network service vendors offer an economical solution helping SMEs to emphasize on core activities and expand their business.

Restraint in the Managed Network Services Market

However, uncertainty over service charge and lack of skilled personnel or trained expertise and adequate IT infrastructure in developing economies will act as a growth restraint for the market. Data security and privacy concerns will be the major restraint in the global managed network services market.

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Type – Segment Analysis

Based on the type, the managed network security is projected to dominate the market over the forecast period, owing to the need to secure network services and customer information from external misuse. Further, the MNS helps in minimizing human errors, decrease the risk, and prevent information by streamlining security policies and providing netter clarity in network behavior. With rising network complications, the need for managed security services has increased to ensure effective data security management.

Deployment Mode- Segment Analysis

On-premises segment is predicted to lead the managed services market over the forecast period, as it improves operational efficiency. Moreover, the growing adoption of on-premises deployment mode owing to its ability to customize software depending on the specific needs has driven the market growth.

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Regional – Segment Analysis:

North America region is forecast to grow at a higher CAGR over the forecast period, owing to the growing digitalization. Further, growing adoption of cloud computing and rising penetration of mobile phone has increased the need for a secured internet connectivity has bolstered the market growth. Increasing deployment of advanced technologies, rising research and development activities, and the well-developed infrastructure in the region have augmented the market growth.

Top Market Players

Key players operating in the market are Cisco Systems Inc., Huawei Technologies Co. Ltd., IBM Corporation, T-Systems, Global Cloud Xchange, Juniper Networks, Wipro Ltd., Bigleaf Networks, Masergy Communications, Aryaka Networks, and among others.

Key Developments:

• • In 2021, Bigleaf networks extended its presence in North America to cater to the growing demand for its services as well as get ahead of anticipated near and long-term demand.
  • In 2021, Huawei introduced CloudWAN 3.0 solution to strengthen connectivity for several industries and help them develop a flexible, reliable, and deterministic network to tackle several challenges faced by enterprises during digital transformation.
  • In June 2021, IBM launched IBM Center for Government Cybersecurity, a communal environment to support federal agencies current and future cybersecurity threats. The center helps events and learnings, drawing on IBMs cybersecurity expertise from offering software and managed services to nearly 17,500 security customers globally.
  • In February 2021, Accenture innovated a business group in collaboration with VMware to assist organizations shift to cloud faster. The new business group intended to offer professionals with deep expertise in hybrid cloud and cloud migrations, cloud-native and application modernization, and security across major industries

Segments covered in the Report:

The global Managed Network Services market has been segmented on the basis of organization size, type, end-user, deployment mode and regions. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Type, the market is segmented into Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, Network Monitoring. Based on end-user, the market is segmented into BFSI, IT & Telecommunication, Healthcare, Manufacturing, Transportation & Logistics, and Others. Based on Deployment Mode, the market is segmented into On-Premise, Cloud.

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Market Segmentation

Global Managed Network Services Market by Organization Size

• • Large Enterprises
  • SMEs

Global Managed Network Services Market by Type

• • Managed LAN
  • Managed Wi-Fi
  • Managed WAN
  • Managed Network Security
  • Managed VPN
  • Network Monitoring

Global Managed Network Services Market by End-User

• • BFSI
  • IT & Telecommunication
  • Healthcare
  • Manufacturing
  • Transportation & Logistics
  • Others

Global Managed Network Services Market by Deployment Mode

• • On-Premise
  • Cloud

Global Managed Network Services Market by Region

• • North America Managed Network Services Market (Option 1: As a part of the free 25% customization)

    • By Organization Size
    • By Type
    • By End-User
    • By Deployment Mode
    • US Market All-Up
    • Canada Market All-Up

  • Europe Managed Network Services Market (Option 2: As a part of the free 25% customization)

    • By Organization Size
    • By Type
    • By End-User
    • By Deployment Mode
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Managed Network Services Market (Option 3: As a part of the free 25% customization)

    • By Organization Size
    • By Type
    • By End-User
    • By Deployment Mode
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Managed Network Services Market (Option 4: As a part of the free 25% customization)

    • By Organization Size
    • By Type
    • By End-User
    • By Deployment Mode
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Managed Network Services Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Huawei Technologies Co. Ltd.
  • Cisco Systems Inc.
  • IBM Corporation
  • T-Systems
  • Wipro Ltd.
  • Global Cloud Xchange
  • Juniper Networks
  • Bigleaf Networks
  • Masergy Communications
  • Aryaka Networks