Press release
Telecom Managed Services Market: Steering the Future of Network Optimization and Maintenance (2023-2029)
Telecom Managed Services Market
In a recent market analysis, industry experts forecast a robust expansion of the Telecom Managed Services Market, predicting a staggering reach of nearly US $58.34 billion by 2029. The Compound Annual Growth Rate (CAGR) is anticipated to soar at 12.6% during the forecast period.
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Key Highlights:
1. Rapid Evolution in Service Types: The Telecom Managed Services Market is witnessing dynamic growth, with a significant shift in service preferences. Among the service types, managed mobility services are expected to dominate with the highest CAGR. This surge is attributed to the rising adoption of Corporate Owned Personal Devices (COPD) and Bring Your Own Device (BYOD) practices globally.
2. Small and Medium Enterprises (SMEs) on the Rise: The market analysis indicates that SMEs will emerge as a key player, experiencing the highest CAGR in the organization size segment. The surge is attributed to the limited IT infrastructure capabilities of SMEs, leading them to opt for outsourced managed services from providers.
3. Global Market Dynamics: The market is segmented geographically into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America and Asia-Pacific are expected to lead in terms of CAGR during the forecasting period, driven by the increasing adoption of managed services in the telecom sector and technological advancements.
4. Driving Forces and Challenges: The growth of the Telecom Managed Services Market is fueled by various factors, including increased consumption of productivity applications, globalization of businesses, and the decentralization of workforces. However, concerns about revealing confidential information to third parties are identified as potential restraining factors.
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Telecom Managed Services Market Report Scope and Research Methodology:
The growth of different segments in the Telecom Managed Services market helps to identify the key growth factors and develop strategies to target core application areas and fill the gaps in the target market.
The report provides an in-depth analysis of the Telecom Managed Services market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies. A bottom-up approach was used to estimate the Telecom Managed Services market size.
Key players in the Telecom Managed Services industry were identified through secondary research, and their market revenues were determined through primary and secondary research. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Telecom Managed Services market by region, by investment, and their strategic intent.
Telecom Managed Services Market Regional Insights:
The global Telecom Managed Services market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report provides regional analysis with the Telecom Managed Services market size of each region.
The country-level analysis examines a variety of market factors that are expected to influence current and future Telecom Managed Services market trends, as well as changes in market regulations at the country level. Some of the key factors used to forecast the Telecom Managed Services market situation in each country include consumption, production location and volume, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
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Telecom Managed Services Market Segmentation:
by Service Type
Managed Network Services
Managed Security Service
By Managed Data Centre
Managed Data and Information Services
Managed Mobility Services
By Managed Communications Services
Managed Data Centre
by Organization Size
Large Enterprises
Small and Medium-sized Enterprises
Telecom Managed Services Market Key Players are:
1.Tech Mahindra (Mumbai, India)
2.IBM (New York, US)
3.Huawei Technologies Co., Ltd. (Shenzhen, China)
4.AT&T (Texas, US)
5.CenturyLink (Louisiana, US)
6.Amdocs (Missouri, US)
7.Comarch S.A. (Kraków, Poland)
8.Ericsson AB (Stockholm, Sweden)
9.GTT Communications, Inc. (Virginia, US)
10.Cisco Systems, Inc. (California, US)
11.NTT Data (Tokyo, Japan)
12.Sprint.com (Kansas, US)
13.Unisys (Pennsylvania, US)
14.Verizon
15.3T Systems Ltd.
16.ACROPOLIS TECHNOLOGY GROUP
17.Glowpoint
18.HP Development Company, L.P.
19.ALE International
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Key Questions answered in the Telecom Managed Services Market Report are:
• What is the forecast period?
• What is the expected Telecom Managed Services market size by the end of the forecast period?
• What are the Telecom Managed Services market segments?
• Which segment in the Telecom Managed Services market is expected to grow rapidly during the forecast period?
• Which are the prominent players in the Telecom Managed Services market?
• What key trends are expected to emerge in the Telecom Managed Services market during the forecast period?
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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