The managed network services market is estimated to be appraised at USD 61.9 Billion in 2022, anticipated to reach USD 130.9 billion by 2032 with a CAGR of 7.8% during the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Managed Network Services Market Value (2022) | USD 61.9 Billion |
| Managed Network Services Market Anticipated Forecast Value (2032) | USD 130.9 Billion |
| Managed Network Services Market Projected Growth Rate (2022 to 2032) | 7.8% |
Demand for managed network services rises as it is widely used for communicating network that is built, operated, secured and managed by a third-party service provider, which is anticipated to propel the managed network services market growthduring the forecast period from 2022 to 2032.
Rising in prime network providers (generally a telecom company), system integrators and end-use enterprises together in collaboration to set up a network, either over cloud infrastructure or in-house, are estimated to increase in the managed network services market share.
However, the service is always managed by the service providers, thus, transferring the risk and complexities associated with the third party, enabling businesses to focus more on their core business objectives which rising the managed network services market trends & forecasts.
The adoption of managed network services increases as the provider allows the organization to outsource the infrastructure, support and technical maintenance, also much time inclusive of servers, routers, switches, firewall software, and more.
Managed network services include managing Ethernet WAN, MPLS, Internet Leases Line, etc. As these forms are the basis of modern-day IP-based communication in most organizations, demand for managed network servicesis on the rise.
Increasing the digital transformation is another factor to be expected to grow in themanaged network market statisticsin the forthcoming year. Several companies are likely to adopt digital technologies to rise in the adoption of managed network services.
Lack of IT budget, cybercrime and an increase in the number of small & medium enterprises are boosting the managed network services market size in the coming year.
The North American region is likely to dominate the managed network services market statistics with a share of 32.1% all around the region and is likely to enlarge the market during the forecast period.
All these factors are likely to increase the sales of managed network services during the forecast period from 2022 to 2032.
The major factors boosting managed network services market trends are rising globalization, digitization and increasing use of cloud and BI/Analytics across all industry verticals.
With rising operational complexity due to organizations integrating more cloud, social, mobile, and big data, most CIOs are increasingly considering managed network services as a part of their network strategy, which increases the managed network services market key trends & opportunities.
The networks become more complex, and the need for managed services is getting higher in preference as financial companies and banks continue to integrate advanced technologies with their operations and expand their geographical reach to increase managed network services future trends in coming years.
Managed network services are expected to see high adoption in the BFSI sector. Furthermore, with increasing incidences of network security breaches, companies increasingly prefer adopting managed network services in-house maintenance to ensure high expertise deployment.
Lack of IT workforce skilled with expertise in the cloud era is another factor for organizations triggering them to deploy in the sales of managed network services.
Over the forecast period, as an organization become dependent on technologies such as IoT, AI, Augmented and Virtual Reality, Robotics and Automation, Network Services, Security, and Network Uptime is of crucial importance to rise the managed network services market growth.
The North American region is likely to dominate the managed network services market statistics with a share of 32.1% all around the region and is likely to enlarge the market during the forecast period.
Europe is expected to grow with the managed network services market share of 21.7% during the forecast period.
The Europe managed network services market by country 2020 was dominated by the German market. The increased investment in cloud computing technologies is what essentially propels Europe's managed network services market.
The changing market and technologies are causing a change in business paradigms. With their contemporary techniques and enhanced technology, new managed network service market competitors are providing fierce rivalry to established participants.
Cloud-based network management software is offered by Ciena. It offers software tools that support network planning and infrastructure management across the course of the infrastructure's life. WDM solutions and photonic layer solutions make up its optical technology offering.
A network performance management system is offered by SevOne. To guarantee application performance and dependability, it provides real-time monitoring, debugging, and performance reporting solutions.
Several key competitors in the managed network services market are focusing on building a lion’s share in the market by adopting their various methodologies and plans. Some of the key competitors in the growth of managed network services market trends are
In 2021, South Korea and Cisco announced their collaboration in the Cisco country’s digital acceleration program all around the country as it is a worldwide leader in technology.
In 2021, AT&T provides the ERIKS in the digital transport networks to rise in the managed network in the US.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.8% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Service, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Verizon Communications Inc.; Telstra Global; AT&T Inc.; China Telecom; NTT Communications; HCL Technologies; Wipro Limited; Nokia Corporation; IBM Corporation; Cisco Systems Inc.; Vodafone Group plc; Tata Communication; Bharti Airtel; Reliance Communication; Sift Technologies Ltd. |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 3: Global Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Table 4: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 5: North America Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 6: North America Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Table 7: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: Latin America Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 9: Latin America Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Table 10: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 11: Europe Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 12: Europe Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Table 13: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: East Asia Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 15: East Asia Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Table 16: South Asia & Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 17: South Asia & Pacific Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 18: South Asia & Pacific Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Table 19: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: MEA Market Value (US$ Mn) Forecast by Service, 2017-2032
Table 21: MEA Market Value (US$ Mn) Forecast by End Use Industry, 2017-2032
Figure 1: Global Market Value (US$ Mn) by Service, 2022-2032
Figure 2: Global Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 3: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 7: Global Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 8: Global Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 10: Global Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 11: Global Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 13: Global Market Attractiveness by Service, 2022-2032
Figure 14: Global Market Attractiveness by End Use Industry, 2022-2032
Figure 15: Global Market Attractiveness by Region, 2022-2032
Figure 16: North America Market Value (US$ Mn) by Service, 2022-2032
Figure 17: North America Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 18: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 19: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 22: North America Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 23: North America Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 25: North America Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 26: North America Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 28: North America Market Attractiveness by Service, 2022-2032
Figure 29: North America Market Attractiveness by End Use Industry, 2022-2032
Figure 30: North America Market Attractiveness by Country, 2022-2032
Figure 31: Latin America Market Value (US$ Mn) by Service, 2022-2032
Figure 32: Latin America Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 33: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 34: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 37: Latin America Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 40: Latin America Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 43: Latin America Market Attractiveness by Service, 2022-2032
Figure 44: Latin America Market Attractiveness by End Use Industry, 2022-2032
Figure 45: Latin America Market Attractiveness by Country, 2022-2032
Figure 46: Europe Market Value (US$ Mn) by Service, 2022-2032
Figure 47: Europe Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 48: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 49: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 52: Europe Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 53: Europe Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 55: Europe Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 56: Europe Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 57: Europe Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 58: Europe Market Attractiveness by Service, 2022-2032
Figure 59: Europe Market Attractiveness by End Use Industry, 2022-2032
Figure 60: Europe Market Attractiveness by Country, 2022-2032
Figure 61: East Asia Market Value (US$ Mn) by Service, 2022-2032
Figure 62: East Asia Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 63: East Asia Market Value (US$ Mn) by Country, 2022-2032
Figure 64: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 65: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 66: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 67: East Asia Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 68: East Asia Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 69: East Asia Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 70: East Asia Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 71: East Asia Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 72: East Asia Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 73: East Asia Market Attractiveness by Service, 2022-2032
Figure 74: East Asia Market Attractiveness by End Use Industry, 2022-2032
Figure 75: East Asia Market Attractiveness by Country, 2022-2032
Figure 76: South Asia & Pacific Market Value (US$ Mn) by Service, 2022-2032
Figure 77: South Asia & Pacific Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 78: South Asia & Pacific Market Value (US$ Mn) by Country, 2022-2032
Figure 79: South Asia & Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 80: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 81: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 82: South Asia & Pacific Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 83: South Asia & Pacific Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 84: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 85: South Asia & Pacific Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 86: South Asia & Pacific Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 87: South Asia & Pacific Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 88: South Asia & Pacific Market Attractiveness by Service, 2022-2032
Figure 89: South Asia & Pacific Market Attractiveness by End Use Industry, 2022-2032
Figure 90: South Asia & Pacific Market Attractiveness by Country, 2022-2032
Figure 91: MEA Market Value (US$ Mn) by Service, 2022-2032
Figure 92: MEA Market Value (US$ Mn) by End Use Industry, 2022-2032
Figure 93: MEA Market Value (US$ Mn) by Country, 2022-2032
Figure 94: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 96: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 97: MEA Market Value (US$ Mn) Analysis by Service, 2017-2032
Figure 98: MEA Market Value Share (%) and BPS Analysis by Service, 2022-2032
Figure 99: MEA Market Y-o-Y Growth (%) Projections by Service, 2022-2032
Figure 100: MEA Market Value (US$ Mn) Analysis by End Use Industry, 2017-2032
Figure 101: MEA Market Value Share (%) and BPS Analysis by End Use Industry, 2022-2032
Figure 102: MEA Market Y-o-Y Growth (%) Projections by End Use Industry, 2022-2032
Figure 103: MEA Market Attractiveness by Service, 2022-2032
Figure 104: MEA Market Attractiveness by End Use Industry, 2022-2032
Figure 105: MEA Market Attractiveness by Country, 2022-2032
The managed network services market is likely to advance at a CAGR of 7.8% through 2032.
North America region is set to hold a managed network services market share of 32.1% by 2032.
Managed network services market is expected to account for USD 130.9 billion by 2032.
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