Managed Network Services Market
Managed Network Services Market Forecasts to 2030 - Global Analysis By Service Type (Managed LAN, Managed WAN, Managed Wi-Fi and Other Service Types), Deployment Mode (On-premises and Cloud-based), Organization Size, Service Provider, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $71.2 BN |
|
Projected Year Value (2030) |
US $116.2 BN |
|
CAGR (2024-2030) |
8.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Managed Network Services Market is accounted for $71.2 billion in 2024 and is expected to reach $116.2 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Managed network services are outsourced network management solutions provided by third-party vendors. These services include network monitoring, management, maintenance, and support, ensuring optimal performance, security, and scalability. MNS enables businesses to offload complex network tasks, enhance operational efficiency, and reduce costs. Leveraging advanced technologies like AI and automation, MNS providers deliver proactive problem resolution, comprehensive security measures, and seamless integration with cloud and IoT environments, supporting business continuity and growth.
According to the IDC, about 3,000 managed services deals worth an estimated US$150 billion are expected to be up for renewal in 2024, providing ample opportunity for service providers.
Market Dynamics:
Driver:
Growing demand for managed services
The growing demand for managed services is a significant driver for the managed network services market. As businesses increasingly focus on their core competencies, they seek to outsource network management to specialized providers. Managed network services offer cost savings, enhanced efficiency, and access to advanced technologies, making them an attractive option for organizations. The rise of digital transformation, cloud computing, and IoT further fuels this demand, as companies require robust and scalable network solutions to support their evolving needs and ensure seamless operations.
Restraint:
Dependency on third-party providers
Relying on external service providers for critical network operations can pose risks, including potential service disruptions, data security concerns, and loss of control over network infrastructure. Organizations may face challenges in ensuring the reliability and performance of outsourced services. Additionally, the need to manage vendor relationships and ensure compliance with service level agreements (SLAs) can add complexity and hinder the adoption of managed network services.
Opportunity:
Adoption of cloud services
The growing adoption of cloud computing offers significant opportunities for the managed network services market. Cloud services enhance flexibility, scalability, and cost-efficiency, encouraging businesses to integrate cloud solutions with their network infrastructure. This trend is driving demand for managed network services that can seamlessly support cloud environments, ensure high performance, and secure data across cloud platforms. As more enterprises migrate to cloud-based solutions, the market for managed network services is poised for substantial growth.
Threat:
Cyber security risks
The increasing sophistication of cyberattacks, including ransomware and data breaches, necessitates robust security measures. Managed service providers must continuously update their security protocols and technologies to protect networks from emerging threats. This ongoing requirement for enhanced cybersecurity solutions presents a threat to market growth, as failure to address vulnerabilities could undermine trust and lead to potential service disruptions.
Covid-19 Impact:
The COVID-19 pandemic had a profound impact on the managed network services market. The sudden shift to remote work and increased reliance on digital infrastructure led to a surge in demand for managed network services. Organizations sought to ensure network stability, security, and scalability to support remote operations. The pandemic underscored the importance of robust network management and accelerated the adoption of managed services to maintain business continuity and adapt to the new normal.
The managed LAN segment is expected to be the largest during the forecast period
The managed LAN segment is expected to be the largest during the forecast period due to its fundamental role in providing reliable and secure local area network services. Businesses require efficient LAN management to ensure seamless connectivity, optimal performance, and network security. The growing adoption of IoT devices and the increasing need for high-speed data transfer across organizations are driving the demand for managed LAN services, contributing significantly to the market’s growth.
The retail and e-commerce segment is expected to have the highest CAGR during the forecast period
The retail and e-commerce segment is projected to have the highest CAGR during the forecast period. The surge in online shopping and digital transactions has heightened the need for robust and secure network infrastructure. Retailers are increasingly adopting managed network services to enhance the customer experience, ensure data security, and streamline operations. Innovations in e-commerce technologies and the growing emphasis on omnichannel retail strategies are further fueling the demand for advanced managed network solutions in this sector.
Region with largest share:
North America is positioned to dominate the managed network services market, driven by the high adoption rate of advanced technologies, the presence of major service providers, and stringent regulatory standards. The region's robust IT infrastructure, coupled with a strong focus on cybersecurity and cloud solutions, fosters a conducive environment for the growth of managed network services. Enterprises in North America are increasingly outsourcing network management to enhance efficiency, security, and compliance, solidifying the region’s leading position.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the managed network services market. The region's high growth rate is attributed to the increasing digital transformation initiatives, rising adoption of cloud services, and expanding IT infrastructure in countries like China, India, and Japan. The growing number of small and medium-sized enterprises (SMEs) and the need for cost-effective network management solutions drive the demand for managed network services. Additionally, government initiatives to promote digitalization and the presence of emerging markets contribute to the region's rapid growth, making it the fastest-growing market for managed network services.
Key players in the market
Some of the key players in Managed Network Services Market include IBM Corporation, Cisco Systems, Inc., AT&T Inc., Verizon Communications Inc., Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., Fujitsu Limited, NEC Corporation, DXC Technology, HCL Technologies, Tata Communications, Orange Business Services, BT Group plc, CenturyLink, Inc., NTT Communications, T-Systems International GmbH, Wipro Limited, Accenture plc and Infosys Limited.
Key Developments:
In May 2024, AT&T Cybersecurity has spun out into its own, standalone managed cybersecurity services business called LevelBlue. The telecom has entered into a joint venture with private equity firm WillJam Ventures to officially launch LevelBlue at RSA 2024, the two companies announced together.
In February 2024, Cisco and TELUS announced they are launching new 5G capabilities in North America to serve IoT use cases across industry verticals, with a focus on connected cars. The network will serve as a foundation to support drive testing by a major North American automotive manufacturer’s 5G Connected Car, while setting the stage for enhanced experiences for customers and revenue opportunities for carmakers.
In February 2024, IBM is adding to its lineup of Cisco-focused professional services with new options for Cisco SDN, SD-WAN users and a remote assessment service for Cisco network infrastructure. IBM has significantly expanded its Cisco-focused professional services with new support and implementation options aimed at helping customers build more tightly integrated, better performing networks.
Service Types Covered:
• Managed LAN
• Managed WAN
• Managed Wi-Fi
• Managed Monitoring
• Managed Network Security
• Managed VPN Services
• Managed Network Monitoring
• Other Service Types
Deployment Modes Covered:
• On-premises
• Cloud-based
Organization Sizes Covered:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Service Providers Covered:
• Managed Service Providers
• Telecommunications Companies
• Cloud Service Providers
• Systems Integrators and Consulting Firms
• Network Equipment Vendors
End Users Covered:
• IT and Telecommunications
• Banking, Financial Services, and Insurance (BFSI)
• Retail and E-commerce
• Manufacturing
• Government and Public Sector
• Energy and Utilities
• Education
• Healthcare
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Managed Network Services Market, By Service Type
5.1 Introduction
5.2 Managed LAN
5.3 Managed WAN
5.4 Managed Wi-Fi
5.5 Managed Monitoring
5.6 Managed Network Security
5.7 Managed VPN Services
5.8 Managed Network Monitoring
5.9 Other Service Types
6 Global Managed Network Services Market, By Deployment Mode
6.1 Introduction
6.2 On-premises
6.3 Cloud-based
7 Global Managed Network Services Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-sized Enterprises (SMEs)
7.3 Large Enterprises
8 Global Managed Network Services Market, By Service Provider
8.1 Introduction
8.2 Managed Service Providers
8.3 Telecommunications Companies
8.4 Cloud Service Providers
8.5 Systems Integrators and Consulting Firms
8.6 Network Equipment Vendors
9 Global Managed Network Services Market, By End User
9.1 Introduction
9.2 IT and Telecommunications
9.3 Banking, Financial Services, and Insurance (BFSI)
9.4 Retail and E-commerce
9.5 Manufacturing
9.6 Government and Public Sector
9.7 Energy and Utilities
9.8 Education
9.9 Healthcare
9.10 Other End Users
10 Global Managed Network Services Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 IBM Corporation
12.2 Cisco Systems, Inc.
12.3 AT&T Inc.
12.4 Verizon Communications Inc.
12.5 Ericsson
12.6 Nokia Corporation
12.7 Huawei Technologies Co., Ltd.
12.8 Fujitsu Limited
12.9 NEC Corporation
12.10 DXC Technology
12.11 HCL Technologies
12.12 Tata Communications
12.13 Orange Business Services
12.14 BT Group plc
12.15 CenturyLink, Inc.
12.16 NTT Communications
12.17 T-Systems International GmbH
12.18 Wipro Limited
12.19 Accenture plc
12.20 Infosys Limited
List of Tables
1 Global Managed Network Services Market Outlook, By Region (2022-2030) ($MN)
2 Global Managed Network Services Market Outlook, By Service Type (2022-2030) ($MN)
3 Global Managed Network Services Market Outlook, By Managed LAN (2022-2030) ($MN)
4 Global Managed Network Services Market Outlook, By Managed WAN (2022-2030) ($MN)
5 Global Managed Network Services Market Outlook, By Managed Wi-Fi (2022-2030) ($MN)
6 Global Managed Network Services Market Outlook, By Managed Monitoring (2022-2030) ($MN)
7 Global Managed Network Services Market Outlook, By Managed Network Security (2022-2030) ($MN)
8 Global Managed Network Services Market Outlook, By Managed VPN Services (2022-2030) ($MN)
9 Global Managed Network Services Market Outlook, By Managed Network Monitoring (2022-2030) ($MN)
10 Global Managed Network Services Market Outlook, By Other Service Types (2022-2030) ($MN)
11 Global Managed Network Services Market Outlook, By Deployment Mode (2022-2030) ($MN)
12 Global Managed Network Services Market Outlook, By On-premises (2022-2030) ($MN)
13 Global Managed Network Services Market Outlook, By Cloud-based (2022-2030) ($MN)
14 Global Managed Network Services Market Outlook, By Organization Size (2022-2030) ($MN)
15 Global Managed Network Services Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2022-2030) ($MN)
16 Global Managed Network Services Market Outlook, By Large Enterprises (2022-2030) ($MN)
17 Global Managed Network Services Market Outlook, By Service Provider (2022-2030) ($MN)
18 Global Managed Network Services Market Outlook, By Managed Service Providers (2022-2030) ($MN)
19 Global Managed Network Services Market Outlook, By Telecommunications Companies (2022-2030) ($MN)
20 Global Managed Network Services Market Outlook, By Cloud Service Providers (2022-2030) ($MN)
21 Global Managed Network Services Market Outlook, By Systems Integrators and Consulting Firms (2022-2030) ($MN)
22 Global Managed Network Services Market Outlook, By Network Equipment Vendors (2022-2030) ($MN)
23 Global Managed Network Services Market Outlook, By End User (2022-2030) ($MN)
24 Global Managed Network Services Market Outlook, By IT and Telecommunications (2022-2030) ($MN)
25 Global Managed Network Services Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2022-2030) ($MN)
26 Global Managed Network Services Market Outlook, By Retail and E-commerce (2022-2030) ($MN)
27 Global Managed Network Services Market Outlook, By Manufacturing (2022-2030) ($MN)
28 Global Managed Network Services Market Outlook, By Government and Public Sector (2022-2030) ($MN)
29 Global Managed Network Services Market Outlook, By Energy and Utilities (2022-2030) ($MN)
30 Global Managed Network Services Market Outlook, By Education (2022-2030) ($MN)
31 Global Managed Network Services Market Outlook, By Healthcare (2022-2030) ($MN)
32 Global Managed Network Services Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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