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Managed Network Services Market Expected to Grow at 71.6 Billion In Revenue by 2025

05-25-2020 10:55 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Managed Network Services Market Expected to Grow at 71.6 Billion

According to Market Study Report, Managed Network Services Market provides a comprehensive analysis of the Managed Network Services Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.This report also provides market landscape and market share information in the Managed Network Services Market.

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The Managed Network Services Market to grow from USD 52.7 Billion in 2020 to USD 71.6 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.3% from 2020 to 2025. This report spread across 198 pages, profiling 23 companies and supported with 127 tables and 43 figures are now available in this research.

Top Key Players Profiled in the Managed Network Services Market:
o IBM (US)
o Fujitsu (Japan)
o Cisco (US)
o Ericsson (Sweden)
o Verizon (US)
o Comarch SA (Poland)
o Huawei (China)
o BT Group (UK)
o AT&T (US)
o T-Systems (Germany)
o Orange Business Services (France)
o DXC Technology (US)
o NTT (Japan)
o CenturyLink (US)
o Global Cloud Xchange (UK)
o TATA Communications (India)
o Colt (UK)
o Sify (India)
o Telstra (Australia)
o Sprint (US)
o GTT (US)
o Brennan IT (Australia)

"By type, the managed WAN segment to account for a largest market size during the forecast period"
By type, the managed WAN segment is expected to record at the largest market size during the forecast period. As WAN connects every part of the organization it is a mission-critical task of keeping the network operating at peak performance, which takes time, effort, and focus. Hence, organizations outsource their network services. Managed WAN services help organizations easily collaborate with partners and suppliers, speed delivery of high-demand products, and create better experiences for customers by seamlessly connecting them with employees and self-service systems.

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"By vertical, the BFSI vertical to hold the largest market size during the forecast period"
The Banking, Financial Services and Insurance (BFSI)vertical offers tremendous opportunities for the growth of the managed network services market, as the vertical faces a significant need for improved connectivity and internet access to carry out financial transactions with ease and better security. The BFSI vertical is a highly regulated vertical with a large number of compliances and regulations.

"By region, Asia Pacific to grow at the highest CAGR during the forecast period"
The market of Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The vast and diverse geographies and a wide adoption of smart devices and internet are mandating the need for reliable and secure internet connectivity, thus driving the market for managed network services. The major countries such as China, India, Australia, and Japan, would witness high growth rates in this region.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 15%, Tier 2 - 40%, and Tier 3 - 45%
o By Designation: C-Level - 40%, Director Level - 35%, Managers-15%, and others -10%
o By Region: North America - 45%, Europe - 15%, APAC - 30%, and RoW - 10%

Competitive Landscape of Managed Network Services Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Ranking Of Key Players
4 Key Developments
5 Competitive Scenario
5.1 New Product Launches
5.2 Business Expansions
5.3 Partnerships

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Research Coverage:
The managed network services market is segmented into the managed network services market by type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed VPN, Network Monitoring, and Managed Network Security [Managed Firewall and Managed Unified Threat Management(UTM)]), Organization Size (Large Enterprises and SMEs), Vertical (BFSI, Consumer Goods and Retail, Manufacturing, Healthcare and Life Sciences, Education, Telecom, IT, Energy and Utilities, Media and Entertainment, and Others [Transportation, Logistics, and Hospitality]), and Region.

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