Press release
Managed Network Services Market Size, Share Analysis, Overview, Key Players, Growth Rate, And Forecast To 2032
Managed Network Services Market Analysis
The Business Research Company's Managed Network Services Global Market Report 2023 identifies increasing adoption of mobile and internet as the major driver for the managed network services market's growth in the forecast period. The internet is a globally linked network system that allows for global communication and access to digital resources. Managed network services is the monitoring and upkeep of a company's information technology and is beneficial for internet users or IT field consumers with controlled costs and also reduces risks.
The global managed network services market is expected to grow from $63.51 billion in 2022 to $70 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the managed network service market is expected to grow to $102.27 billion in 2027 at a CAGR of 9.9%.
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Major competitors in the managed network services market are International Business Machines Corporation, Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Huawei Technologies Co Ltd.
A key trend in the managed network services market includes technological advancement. Major companies operating in the managed network services market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Fujitsu, a Japan-based company operating in managed network services, introduced a new software virtualized radio access network (vRAN) technology with support for 5G Standalone (SA). This includes AI and quantum-inspired Digital Annealer technologies for enhancing computing resources. The developed vRAN technology would address the challenges of conventional vRANs, delivering high performance with low energy consumption and pr
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The managed network services market is segmented -
1) By Type: Managed LAN, Managed Wi-Fi, Managed VPN, Managed WAN, Network Monitoring, Managed Network Security
2) By Organization Size: Small Businesses , Medium Businesses, Large Enterprises
3) By Deployment Mode: On-Premises, Cloud
4) By Verticals: Banking, Financial Services and Insurance, Retail and Ecommerce, IT and Telecom, Manufacturing, Government, Education, Healthcare, Media and Entertainment, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the managed network services market.
The Business Research Company's "Global Managed Network Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Managed Network Services Market Include:
1. Executive Summary
2. Managed Network Services Market Characteristics
3. Managed Network Services Market Trends And Strategies
4. Managed Network Services Market - Macro Economic Scenario
5. Managed Network Services Market Size And Growth
……
26. Africa Managed Network Services Market
27. Managed Network Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Managed Network Services Market
29. Managed Network Services Market Future Outlook and Potential Analysis
30. Appendix
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