openPR Logo
Press release

Managed Network Services Market expected to reach $71.6 billion by 2025

08-24-2021 08:54 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Managed Network Services Market

Managed Network Services Market

According to a new market research report "Managed Network Services Market by Type ( Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, and Network Monitoring), Organization Size (Large Enterprises and SMES), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the managed network services market size expected 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% during the forecast period.

The major factors expected to drive the growth of the managed network services market are the need for lowering Capital Expenditure (CAPEX) and Operating Expenditure(OPEX), Increasing trend of digital transformation across the globe, and new connectivity demands increasing complications in IT environment. The availability of immense new opportunities for managed network service providers is further expected to shape the future of this market. These opportunities include exponential growth in IP traffic, a chance to provide value-added service and becoming business partner, and growth in the demand from SMEs.

Browse in-depth TOC on "Managed Network Services Market”
127- Tables
43- Figures
204- Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=901

Managed WAN segment to record the largest market size during the forecast period

Under the type segment, the managed WAN segment is expected to record 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. The managed SD-WAN solution allows MSPs to deliver a comprehensive, cost-effective managed SD-WAN service, which includes advanced connectivity and security functions. MSPs help enterprises distribute WAN traffic securely over carrier services, including IPVPN and broadband, enabling them to route traffic on the most efficient channel without sacrificing application performance.

Healthcare and life sciences vertical to record the highest CAGR during the forecast period

In the managed network services market by vertical, the healthcare and life sciences vertical is expected to record the highest CAGR during the forecast period. Healthcare organizations have invested heavily in technology, such as cloud, mobility, and IoT, to deliver increased quality of care and reduce cost while maintaining regulatory compliance and a competitive position in the market. This vertical is always under immense pressure where regulations, cost restrictions, skills/staffing issues, compliance and cybersecurity challenges compete for resources and funding. Managed network services empower the healthcare institutions to easily manage the Health Insurance Portability and Accountability Act (HIPAA)-compliant networks for deploying and maintaining mobile healthcare applications and the internet access for patients and visitors. Health Insurance Portability and Accountability Act

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global managed network services market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the heavy adoption of advanced technologies, such as 5G, cloud, analytics, and IoT, across the US organizations. The US is one of the most advanced countries in the world in terms of technology adoption, which is known for its innovative and disruptive startups.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/managed-network-services-market-901.html

Key and emerging market players include IBM (US), Fujitsu (Japan), Cisco (US), Ericsson (Sweden), Verizon (US), Comarch SA (Poland), Huawei (China), BT Group (UK), AT&T (US), T-systems (Germany), Orange Business Services (France), DXC Technology (US), NTT (Japan), CenturyLink (US), Global Cloud Xchange (UK), TATA Communications (India), Colt (UK), Sify (India), Telstra (Australia), Sprint (US), GTT (US), and Brennan IT (Australia).

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

MnM Blog: https://mnmblog.org

Content Source: https://www.marketsandmarkets.com/PressReleases/managed-network-services.asp

About MarketsandMarkets™

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, and 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, "Knowledge Store" 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Managed Network Services Market expected to reach $71.6 billion by 2025 here

News-ID: 2364647 • Views: 277

More Releases from MarketsandMarkets™

Digital Transformation Market predicted to grow $1009.8 Billion by 2025
According to a new market research report "Digital Transformation Market by Technology (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, Artificial Intelligence), Deployment Type, Vertical (BFSI, Retail, Education), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Digital Transformation Market size expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during
Managed Network Services Market predicted to grow $82.3 billion by 2026
According to a new market research report "Managed Network Services Market by Type ( Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, Network Monitoring), Organization Size (Large Enterprises and SMEs), Deployment Mode, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 57.4 billion in 2021 to USD 82.3 billion by 2026, at a Compound Annual Growth Rate (CAGR)
LMS Market predicted to grow $25.7 billion by 2025
According to a new market research report "LMS Market by Component (Solution and Services), Delivery Mode (Distance Learning, Instructor-Led Training and Blended Learning), Deployment Type, User Type (Academic and Corporate), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the LMS Market size expected to grow from USD 13.4 billion in 2020 to USD 25.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.0% during
Log Management Market predicted to grow $4.1 billion by 2026
According to a new market research report “Log Management Market by Component (Solution and Services), Organization Size (Large Enterprises and SMEs), Deployment Mode (Cloud and On-premises), Vertical (IT and ITeS, BFSI, Healthcare, Telecom, and Education), and Region—Global Forecast to 2026” published by MarketsandMarkets™, the Log Management Market size expected to grow from USD 2.3 billion in 2021 to USD 4.1 billion by 2026, at a Compound Annual Growth Rate (CAGR)

All 5 Releases


More Releases for Managed

Velez Managed Services Continued Growth
Velez Managed Services, a leading global provider of third-party maintenance, asset management, server, storage, and network maintenance, continues its impressive growth demonstrated in 2020 by announcing plans to double its workforce by the end of 2021 across the globe. After impressive growth of employees and offices in past years despite the pandemic, Velez recently revealed that this was only the beginning and expects another growth surge in employees, services and
Global AWS Managed Services Market
Global AWS Managed Services Market Report for 2018 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from our industry experts. The global AWS Managed Services industry is a large, untapped market, which has a tremendous potential for growth. The information in the research report is well-processed and a report is accumulated by industry
Managed Security Services Market Outlook to 2025 – Managed Firewall, Managed I …
Managed Security Services Market is expected to grow from US$ US$ 17716.7 Million in 2017 to US$ 61855.5 Million by 2025 at a CAGR of 16.9% between 2017 and 2025. Worldwide Managed Security Services Market Analysis to 2025 is a specialized and in-depth study of the Managed Security Services Market with a focus on the global market trend. The report aims to provide an overview of global Managed Security Services Market
IOT Managed Services Market By Type (Managed Security Services, Managed Device S …
IoT Managed Services Market is expected to grow at a CAGR of 23% during the forecast period 2017–2023. The market is growing due to the expansion of IoT throughout worldwide. IoT Managed Services Market is segmented by: managed Service Types, Verticals, and Regions. The major players included in this report such as Google, Apple, IBM, AT&T, Intel, Microsoft, Accenture, and many more. IoT (Internet of Things) provides immense growth opportunity for
IOT Managed Services Market By Type (Managed Security Services, Managed Device S …
IoT Managed Services Market is expected to grow at a CAGR of 23% during the forecast period 2017–2023. The market is growing due to the expansion of IoT throughout worldwide. IoT Managed Services Market is segmented by: managed Service Types, Verticals, and Regions. The major players included in this report such as Google, Apple, IBM, AT&T, Intel, Microsoft, Accenture, and many more. IoT (Internet of Things) provides immense growth opportunity for
Managed Security Services Market Report 2018: Segmentation by Type (Managed IAM, …
Global Managed Security Services market research report provides company profile for IBM (US), SecureWorks (US), Symantec (US), Trustwave (US), Verizon(US), AT&T (US), Atos (France), BAE Systems (UK), BT (UK), CenturyLink (US), CIPHER (US), DXC (US), Fortinet (US), Fujitsu (Japan) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of