Telecom Managed Services Market - Global Growth Data Analysis by 2020-2025 | Amdocs, Tech Mahindra, AT&T, Cisco Systems, Inc., Ericsson AB, GTT Communications, Huawei Technologies, IBM, NTT Data Corporation, Comarch S.A., Sprint.com & UnisysManage services is allude to the outsourcing of routine operations of an organization, which includes not only the technology associated operation but also the other managed services that can be offered for marketing and even more fundamental operations such as power and transport. MSPs deliver well-defined services to their customers and comprise a range of products and solutions depending on their own value proposition and scope. Various telecom businesses are moving towards managed services with a focus on their core business segments and operations, to produce maximum income along with new income streams, and thus, growing customer satisfaction.
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Telecom managed services enable in upgrading operations along with cutting authoritative expenses. The growth in complications of dealing with services for data security, information assurance, set up of communication structures such as LAN/WAN, and getting portable services has provoked the growth of telecom managed services over the past few years. Moreover, the key patterns that are encouraging this industry include workforce decentralization, backed by the globalization of industries, advancing utilization in profitability applications, high penetration of mobile devices, and cloud-based enterprise mobility services.
Cost reduction in handling enterprise infrastructure
The business processes are developing swiftly at a higher growth, owing to which, organizations are steadily depending on managed services providers. The organizations are facing a lot of problems in terms of business transformation, cost implementation, revenue, as well as growing competition in the telecommunication sector, which makes them rely on CSPs and MNOs. The managed service provider upholds all the network infrastructure at a low price. Moreover, it also enables businesses to move expenses from CAPEX to OPEX with better flexibility. Expense reduction is amongst the key factor compelling businesses for implementing telecom managed services.
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The managed data center is anticipated to dominate the telecom managed services market during the forecast period
The demand for the managed data center is growing across various regions. The propagation of tablets and smartphones across organizations and the growing use of social media within the consumer segment has resulted in the generation of an enormous amount of data. SMEs, as well as large enterprises, are strongly implementing managed services for operating and managing their enterprise infrastructure that includes data center management, network implementation, security and mobility services, and more. On the other hand, compliance & security, along with a reduction in operational expenditure and downtime are other advantages through the implementation of managed services.
Asia-Pacific will lead the growth in this market
It is expected that North America will hold the largest market share in the global telecom managed services market, owing to the existence of major industry players within the region. However, Asia-Pacific (APAC) is projected to grow at a high growth rate during the forecast period. This is attributed since the region comprises both emergent and developed economies such as Japan, Australia, New Zealand, India, and Korea. India and China are rapidly advancing in terms of foreign direct investment and technology adoption. Moreover, the integration of developed technologies such as IoT, mobility, and Long Term Evolution (LTE) is widely adopted throughout the region.
Key Market Players
o Tech Mahindra
o Cisco Systems, Inc.
o Ericsson AB
o GTT Communications
o Huawei Technologies
o NTT Data Corporation
o Comarch S.A.
o Verizon Communications Inc.
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Market Segments: Telecom Managed Services Market
By Service Type
Managed Data Center
Managed Network Services
Managed Data and Information Services
Managed Mobility Services
Managed Communications Services
Managed Security Services
By Organization Type
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
Rest of Middle East & Africa
Rest of South America
o Industry Associations
o Patent Websites
o Company Annual Reports
o Company Websites
o Key industry leaders
o IEEE journals
o Technology consultants
o System Integrators
o Telecom experts
Key Questions Answered
o What are the key growth regions and countries?
o What are the important types and technologies being used?
o What are the market players doing, in terms of research and development?
o Which are the new applications for this market?
o What are the integrations happening?
o What are the recent news, developments, mergers, or large value deals?
o Products & solution providers
o System Integrators
o Regulatory Authorities
o Research and Innovation Organizations
o Suppliers and Distributors
o Other Channel Partners
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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