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Managed Network Services Market Size Worth $112.44 Billion by 2028 at 10.9% CAGR Driven by Digital

Written By Thursday, July 21, 2022 Add Comment Edit

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Managed Network Services Market Size Worth $112.44 Billion by 2028 at 10.9% CAGR Driven past Digital Transformation, Global Analysis by The Insight Partners

NEW YORK , July 20, 2022 /PRNewswire/ -- The Insight Partners published latest enquiry report on " Managed Network Services Market Forecast to 2028 - COVID-xix Impact and Global Analysis By Type (Managed LAN, Managed Network Security, Managed Monitoring, Managed VPN, Managed WAN, and Managed Wi-Fi), Deployment (Cloud and On-Premise), System Size (Big Enterprises and SMEs), and End-Use Vertical (BFSI, Government, Information technology & Telecommunication, Manufacturing, Media & Entertainment, Retail & eastward-Commerce, and Others)", the global managed network services market size is projected to reach $112.44 billion past 2028 from $60.35 billion in 2022; it is expected to grow at a CAGR of 10.9% during 2022–2028.

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Managed Network Services Market Study Scope & Strategic Insights:

Report Coverage

Details

Market place Size Value in

US$ 60.35 Billion in 2022

Marketplace Size Value past

U.s.$ 112.44 Billion by 2028

Growth rate

CAGR of 10.9% from 2022 to 2028.

Forecast Menstruum

2022-2028

Base Year

2022

No. of Pages

220

No. Tables

115

No. of Charts & Figures

96

Historical data available

Aye

Segments covered

Type, Deployment, Organization Size, and End-Use Vertical

Regional scope

N America; Europe; Asia Pacific; Latin America; MEA

Country scope

Us, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, Republic of korea, Saudi Arabia, Brazil, Argentina

Study coverage

Revenue forecast, visitor ranking, competitive landscape, growth factors, and trends

Managed Network Services Market: Competitive Landscape and Fundamental Developments

Accenture PLC; Cisco Systems, Inc.; Cognizant Technology Solutions Corporation; Fujitsu, Ltd.; HCL Technologies Ltd.; Huawei Technologies Co., Ltd.; Kyndryl Holdings Inc.; NTT Ltd.; Tata Consultancy Services; and Verizon Communications, Inc. are among the key managed network services market players profiled during this study. In improver, several other of import market players were studied and analyzed during the course of this market report to become a holistic view of the market and its ecosystem.

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In 2022, Kyndryl and Reddish Hat announced Strategic Partnership to Advance IT Automation for Multicloud Infrastructure. The partnership helped the customers embrace open, differentiated automation technologies and managed services to modernize cadre business applications and Information technology infrastructure while enabling scalable enterprise operations and greater resilience with advanced security capabilities.

In 2022, Bertelsmann selected Verizon Business for the second fourth dimension to transform its global network infrastructure, becoming ane of the company'due south global network transformation partners. Verizon volition deploy a Network-as-a-Service (NaaS) solution, which focuses on a globally managed Software Defined-WAN (SD-WAN) network underpinned past virtualized security functions across Bertelsmann'southward operations in the Americas as well every bit subsidiaries across the APAC and EMEA regions.

The managed network services market is broadly segmented into 5 major regions—North America, Europe, Asia Pacific (APAC), Middle-Eastward and Africa (MEA), and South America (SAM). Europe is pioneering digital transformation. The region has several large enterprises focusing on increasing efficiency through advanced technologies while reducing expenditure on in-house Information technology teams.

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Decision makers in such enterprises are budgeted various managed service providers to manage their CAPEX improve, increase usage of advanced technologies, reduce cyber threats and increase productivity, among others. Such trends are driving the managed network services market growth. Also, several key applied science-based startups, coupled with many SMEs, are providing great growth opportunities for the managed network services market in the region.

In terms of acquirement, Northward America accounted for the largest global managed network services market share. Due north America is the most technologically advanced region, with major economies such equally the United states, Canada, and Mexico. Technological advancements take led to a highly competitive market place in the region.

The increasing demand for CAPEX and OPEX reduction has led to the widespread adoption of software-defined broad area network (SD-WAN) and Secure access service edge (SASE) in the region. Such requirements are mostly met past availing of managed services, boosting managed network services market size in the region. Additionally, IT spending among North American SMEs is predicted to increase because SMEs are expanding their businesses by implementing innovative and enhanced IT services. With express resources, SMEs crave safe and reliable solutions from engineering partners to maintain business concern continuity and connections with colleagues and customers. Such factors are promoting the managed network services market growth in the region.

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Managed Network Services Marketplace Analysis: Terminate-Use Vertical Overview

Based on end-use vertical, the managed network services market is segmented into BFSI, government, It & telecommunications, manufacturing, media & entertainment, retail & eastward-commerce, and others. IT & telecommunications enterprises are among the largest adopters of managed network services, specially the smaller and medium-sized enterprises, equally they are increasingly utilizing the public cloud, automatic services, and exploring advanced digital technologies.

Managed network service providers offer solutions to help the Information technology and telecommunication industry to manage total toll of ownership (TCO), reduce capital expenditure (CAPEX) and operational expenditure (OPEX), support newer applications in demand, connect efficiently with customers and partners, and sustain their business operations. Thus, the growing demand for managed network services from large and pocket-size IT companies is aiding the demand for managed network services, which helps bulldoze the segment's growth and assists the marketplace growth.

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BFSI enterprises, owing to increasing cyber threats and the growing stringency of information privacy laws, are under tremendous pressure to ensure their customers' data security. Without compromising security measures, BFSI enterprises are availing the offerings of managed network services market players while optimizing expenditure. This allows them to comply with regulations, ensure safety, and reduce expenditure on in-house It teams and infrastructure. Such factors are strongly boosting managed network services market size.

Browse Adjoining Reports:

Managed VPN Services Market Forecast to 2028 - Covid-nineteen Impact and Global Assay - past Type (Site to Site VPN, Remote Access VPN); Deployment Type (On Premises, Cloud); End User (BFSI, Healthcare, It and ITES, Manufacturing, Media and Entertainment, Energy and Ability, Transportation and Logistics, Others)

Managed Security Services Market Forecast to 2025 – Global Analysis – past Service Blazon (Threat Management, Vulnerability Management, Log Management, Compliance Management, and SIEM), Threat Management Blazon (Managed Firewall, Managed IDS/IPS, Managed VPN, Managed Anti-Virus and Malware, Managed Gateway Security, Managed IAM, Managed DLP, Others), Deployment Type (Hosted MMS and CPE MMS), Enterprise Size (Big Enterprises and SMEs), and Verticals (It and Telecom, Retail, BFSI, Healthcare, Government, Manufacturing, Energy & Utility, Media, and Others)

Managed Wi-Fi Services Market Forecast to 2028 - Covid-xix Impact and Global Assay - by Solutions (Guest Wi-Fi, and Private Wi-Fi); Services (Networking Services, and Infrastructure Services); Industry Vertical ( It & Telecommunications , BFSI, Retail, Authorities and Public Sector, Healthcare, Transportation, Logistics, Hospitality, Manufacturing , Pedagogy, and Others)

Deject Managed Services Market Forecast to 2028 - COVID-xix Impact and Global Analysis by Service Blazon (Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication and Collaboration Services); Deployment (Public Deject, Private Cloud); Organization Size (Small-scale and Medium-Sized Enterprises (SMEs), Large Enterprises); Verticals (Telecom and ITES, Authorities and Education, BFSI, Retail and Consumer, Healthcare, Manufacturing and Automotive, Others) and Geography

Digital Transformation Market to 2025 - Global Assay and Forecasts by Components (Solution and Services); Deployment Type (Cloud and On-Premise); and End-User (BFSI, Healthcare, Education, Retail, It & Telecom, Logistics & Transportation, Manufacturing, and Others)

Digital Transformation Services Market Forecast to 2028 - Covid-19 Touch on and Global Assay - past Services (Business Process Consulting, Marketing & Campaign Strategy, Innovation Consulting, Digital Operating Model & Governance, Content Strategy and Others ); and Verticals (Banking, Financial Services and Insurance, Energy & Utilities, Travel & Hospitality, Transportation & Services, Life Sciences, Education, Telecommunication & Information Technology and Others)

Telecom Managed Services Market Forecast to 2028 - COVID-xix Bear on and Global Assay by Service Blazon (Managed Information Center, Managed Network Services, Managed Data and Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services); Arrangement Size (Small and Medium-sized Enterprises, Large Enterprises) and Geography

Intelligent Network Market Forecast to 2028 - COVID-xix Impact and Global Analysis By Application (Information Noesis, Resources Management, Traffic Prediction and Nomenclature, Performance Prediction, Configuration Extrapolation); Enterprise Size (Big Enterprises, SMEs); Cease-User (Deject Service Providers, Telecom Service Providers, Managed Network Service Providers, Others) and Geography

Cloud-managed LAN Market Forecast to 2028 - COVID-19 Affect and Global Analysis by Component (Hardware, Solution, Services); Organization Size (Large Enterprise, Pocket-size and Medium Enterprise); Vertical (IT and Telecom, BFSI, Regime, Defense, Media and Entertainment, Education, Others) and Geography

Nigh Us:

The Insight Partners is a one stop manufacture research provider of actionable intelligence. We assist our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare It, Manufacturing and Structure, Medical Device, Applied science, Media and Telecommunications, Chemicals and Materials.

Contact Us:
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Telephone: +1-646-491-9876
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