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Managed Network Services Market Insights | Key Players :Accenture, AT&T, Cisco Systems, Ericsson and HCL Technologies Limited

01-25-2019 12:09 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

Managed Network Services Market Insights | Key Players

According to recent research "Managed Network Services Market by Service (Managed Internet Access and Network Provisioning, VPN, Data Storage, Network Monitoring, Network Security, and Hosted IP Telephony), Organization Size, End-Use Vertical, and Region - Global Forecast to 2021", The managed network services market size is expected to grow from USD 38.60 Billion in 2016 to USD 59.38 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 9.0%. Increasing need for managed network services, effective management of business processes, reduced operating cost, and need for security are main drivers of the managed network services market.

Browse 62 market data tables and 49 figures spread through 159 pages and in-depth TOC on “Managed Network Services Market"
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“Managed network security services are expected to grow at the highest CAGR during the forecast period”

The managed network services market of the software solutions is expected to grow at an impressive CAGR during the forecast period, as there is an increasing demand for network security services with data backup solutions. The managed network service providers are responsible for creating managed network services, in compliance with the industry requirements and in providing comprehensive support for their clients. The managed network services provide operational efficiencies along with security. They also help in driving new businesses and providing better experience for end-users.

“Telecom and IT vertical is expected to grow at a higher growth rate during the forecast period of 2016–2021”

The telecom and IT end-use vertical is estimated to hold the largest market share in 2016. The telecom and IT vertical requires high connectivity for connecting users and collaborating with partners as well as customers. The vertical is highly competitive due to the increasing number of small and medium businesses and enhancements in across its segments.

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“Asia-Pacific region is expected to witness a high growth during the forecast period”

North America is estimated to hold the largest market share in 2016, while APAC will be the fastest growing region in terms of CAGR. As various vendors such as networking providers, telecom carriers, and technology vendors are trying to capture the APAC market. Moreover, number of emerging market players are hosting from the APAC region.

The major application providers in the managed network services market include Accenture (Dublin, Ireland), Alcatel-Lucent Enterprise (Paris, France), AT&T Inc. (Texas, U.S.), Cisco Systems, Inc. (California, U.S.), Ericsson (Stockholm, Sweden), HCL Technologies Limited (Noida, India), Hewlett Packard Enterprise Development LP (California, U.S.), Huawei Technologies Co., Ltd. (Shenzhen, China), International Business Machines (IBM) Corporation (New York, U.S.), LG Networks, Inc. (Dallas, U.S.), and Wipro Limited (Bangalore, India).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

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