Press release
Forecasting Telecom Managed Services Market: Demand, Scope, 2033 Outlook || Fujitsu Limited, DXC Technology Company, Juniper Networks
Telecom Managed Services Global Market Report 2024
The Business Research Company presents an extensive market research report on the Telecom Managed Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The telecom managed services market size has grown rapidly in recent years. It will grow from $22.56 billion in 2023 to $25.95 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to network complexity, focus on core business functions, cost optimization, growing subscriber base, globalization of telecom operations, rapid expansion of mobile services, competitive market dynamics..
The telecom managed services market size is expected to see rapid growth in the next few years. It will grow to $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to focus on quality of service, focus on customer experience management, cybersecurity concerns, demand for network analytics, network slicing implementation, focus on sustainability and green telecom.. Major trends in the forecast period include technological convergence, 5g deployment and network modernization, cloud-native and edge computing integration, internet of things (iot) connectivity management, ai and machine learning for predictive analytics, network function outsourcing, cross-industry collaboration..
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Key Market Players:
Major companies operating in the telecom managed services market report are Fujitsu Limited, DXC Technology Company, Juniper Networks, Cognizant Technology Solutions Corporation, ZTE Corporation, Capgemini SE., Tech Mahindra Limited, Huawei Technologies Co. Ltd., Sprint Corporation, Vodafone Idea, Cisco Systems Inc., IBM Corporation, Unisys Corporation, Windstream Holdings Inc., AT&T Inc., Verizon Communications Inc., Comarch SA, HCL Technologies Limited, Amdocs Inc., NTT DATA Corporation, Telefonaktiebolaget LM Ericsson, GTT Communications Inc., CenturyLink, Comcast Corporation, Larsen & Toubro Infotech, Nokia Corporation, Tata Consultancy Services Limited, Wipro Limited, Zayo Group Holdings Inc., Ericsson India Limited, Motorola Inc.
Market Drivers:
The increasing internet penetration is expected to drive demand for telecom managed services in the forecast period. The internet penetration is rising mainly due to the increasing use of smartphones and the growing influence of social networking site. The rapidly growing internet user base generates high demand for managed services for contracts, billing, legacy equipment, user issues and for providing better customer experience. For instance, the number of internet users worldwide increased from 4.02 billion in 2018 to nearly 4.95 billion by 2022. Hence, the growing internet using population is expected to drive the telecom managed services market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/telecom-managed-services-global-market-report
The telecom managed services market covered in this report is segmented -
1) By Service Type: Managed Data Center, Managed Network Services, Managed Data and Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services
2) By Deployment Model: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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