Managed Network Services Market Set to Reach $103.9 Billion by 2030 | IBM Corporation, Aryaka Networks, Inc., Sify Technologies etc

Meticulous Research® has released its latest findings on the global managed network services market, forecasting significant growth over the coming years. According to the report, the market is projected to expand at a compound annual growth rate (CAGR) of 8.1%, reaching a valuation of $103.9 billion by 2030. This growth is primarily fueled by the increasing implementation of modern campus networks aimed at accelerating service delivery and the growing demand for managed SD-WAN services and other managed network services that enhance productivity.

Despite the positive market outlook, challenges remain, particularly concerning security and compliance, which could limit the market's expansion. However, the rising demand for managed network services among small and medium-sized enterprises (SMEs), coupled with the explosive growth of global IP and cloud traffic, offers ample opportunities for growth in the managed network services sector. Additionally, trends such as automation in network monitoring tools and the shift toward cloud-managed network services are further driving the market's evolution.

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Market Segmentation: Service Types, Deployment Modes, and Industry Verticals

The managed network services market is segmented based on service type, organization size, deployment mode, and industry verticals. These segments provide a comprehensive understanding of the market's diversity and growth potential.

Service Type: The market is categorized into managed LAN services, managed Wi-Fi services, managed WAN services, managed network security services, managed IP VPN services, managed data network services, managed SD-WAN services, managed NFV services, and cloud-managed network services. Among these, managed network security services are projected to dominate the market in 2024. This segment's growth is driven by the increasing demand for advanced security solutions, including intrusion detection and unified threat management systems, which address rising security risks.

As enterprises seek real-time visibility into their security infrastructure to mitigate threats and improve compliance, the demand for managed security services is anticipated to grow. Additionally, managed security services are expected to exhibit the highest CAGR during the forecast period, as organizations prioritize cost-effective and preemptive protection measures.

Organization Size: In terms of organization size, large enterprises are expected to hold the largest market share in 2024. This is largely due to the increasing demand for managed network services from telecommunication providers and large data centers. As enterprises expand, many are turning to managed services to outsource network infrastructure and operations, particularly in complex environments like large campuses.

However, the segment representing SMEs is expected to grow at a faster rate during the forecast period. SMEs are increasingly focusing on creating agile, secure, and efficient work environments. This shift has led to a surge in demand for managed LAN and SD-WAN services, particularly in sectors such as education, retail, healthcare, and manufacturing. With the advent of automated managed network services, SMEs can streamline their IT operations without compromising efficiency, driving the growth of this segment.

Deployment Mode: Managed network services are deployed through both on-premise and cloud-based models. In 2024, on-premise deployment is projected to account for the largest share of the market, particularly among large enterprises that require greater control over security and operations. On-premise solutions offer the advantage of comprehensive security measures, a critical need for organizations managing sensitive data.

Nevertheless, the cloud-based deployment segment is expected to register the highest CAGR during the forecast period. The increasing complexity of network requirements and the need for seamless communication, security, and maintenance are driving organizations to adopt cloud-managed services. Cloud-based solutions offer businesses flexibility, reduced capital expenditure, and simplified network management, making them an attractive choice for both SMEs and large enterprises alike.

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Industry Verticals: The managed network services market serves several industries, including BFSI, retail & e-commerce, IT & telecommunications, manufacturing, government, education, healthcare, and media & entertainment. In 2024, the IT & telecommunications sector is expected to lead the market in terms of share, driven by the need for end-to-end managed services for LAN, WAN, and Wi-Fi networks. Additionally, managed SD-WAN and VPN services are gaining traction in telecommunication data centers, as these solutions offer greater operational efficiency, enhanced security, and reduced overhead costs.

The BFSI sector is poised to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased focus on compliance, information security, and the automation of IT infrastructure within the BFSI industry. The need for cost-effective network monitoring and the ability to manage distributed infrastructure are pushing financial institutions to adopt managed network services.

Geographic Insights: North America Leads, APAC Poised for Rapid Growth

Geographically, the managed network services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is projected to dominate the global market, accounting for the largest share. This dominance is attributed to the presence of established economies such as the U.S. and Canada, which have well-developed IT infrastructure and a strong tendency to outsource network infrastructure services. Additionally, the region's focus on security and compliance, particularly among SMEs, is contributing to market growth.

However, the Asia-Pacific (APAC) region is expected to register the highest CAGR during the forecast period. Countries like China, India, and Japan are seeing rapid industrial growth, and the adoption of cloud-based managed services is on the rise. The increasing number of SMEs across these countries, combined with the growing demand for outsourcing network management, is expected to propel APAC's managed network services market forward.

Key Players Shaping the Future of Managed Network Services

The managed network services market is highly competitive, with key players constantly innovating and expanding their offerings to meet market demand. Major companies operating in this space include: IBM Corporation (U.S.), Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Verizon Communications Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT & T Inc. (U.S.), Fujitsu Limited (Japan), GTT Communications, Inc. (U.S.), Global Cloud Xchange (U.K.), Sify Technologies (India), Wipro Limited (India), Lumen Technologies (U.S.), T-Systems International GmbH (Germany), and Aryaka Networks, Inc. (U.S.).

These companies are at the forefront of driving innovation in managed network services, with a focus on enhancing security, automating routine processes, and improving overall efficiency. The integration of advanced technologies such as artificial intelligence and machine learning into managed services is expected to further revolutionize the industry, offering businesses more agile and secure network management solutions.

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Conclusion

The global managed network services market is on the cusp of significant growth, driven by technological advancements, rising demand for productivity-enhancing services, and increasing adoption of cloud-based solutions. While challenges related to security and compliance remain, the market's future looks promising, particularly with the growing demand from SMEs and the rapid expansion of the APAC region. Industry players who can navigate these challenges and leverage emerging trends such as automation and cloud-based services will be well-positioned for success in this rapidly evolving landscape.

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