Press release
Managed Network Services Market: Rapid Growth, Major Players, and Key Trends
Managed Network Services Market Size
• The managed network services market has seen robust growth in recent years. In 2024, the market size was valued at $75.18 billion. By 2025, the market size is expected to reach $81.78 billion, representing a CAGR of 8.8%.
• This growth can be attributed to factors such as cybersecurity concerns, legacy infrastructure upgrades, cloud migration, telecommuting, and remote work, and bandwidth demand growth.
• Looking ahead, the managed network services market is projected to experience continued rapid growth. It is anticipated to reach $130.59 billion in 2029 at a CAGR of 12.4%.
• Growth drivers for this period include unified communication and collaboration services, the expansion of managed wi-fi services, focus on network performance optimization, security integration, and computing growth.
What Is Driving The Growth In The Managed Network Services Market?
The rising adoption of mobile and internet platforms is propelling the growth of the managed network services market. The internet, a global network system, enables worldwide communication and access to digital resources. Managed network services, which include monitoring and maintenance of a company's IT systems, provide benefits for internet users and IT consumers by controlling costs and reducing risks. For instance, Uswitch Limited reported in 2023 that 71.8 million mobile connections were active in 2022, representing a 3.8% increase from 2021. Furthermore, the International Telecommunication Union reported in 2022 that an estimated 66% of the global population, or around 5.3 billion people, use the internet. This represented a growth rate of 6.1% from 2021.
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Who Are the Key Players Driving Managed Network Services Market Growth?
The key companies operating in the managed network services market include:
• International Business Machines Corporation
• Cisco Systems Inc.
• Telefonaktiebolaget LM Ericsson
• Verizon Communications Inc.
• Huawei Technologies Co. Ltd.
• AT&T Inc.
• BT Group PLC
• T-Systems International GmbH
• NTT DATA Corporation
• Fujitsu Limited
• Lumen Technologies Inc.
• Colt Technology Services Group Limited
• Telstra Corporation Limited
• Singtel Optus Pty Limited
• GTT Communications Inc.
• Telefonica S.A
• Brennan IT
• accenture* PLC
• Infosys Limited
• Nokia Corporation
• Dimension Data Holdings
• Unisys Corporation
• Capgemini SE
• Cognizant Technology Solutions Corporation
• Masergy Communications Inc.
• Windstream Holdings Inc.
• Zayo Group Holdings Inc.
• Comcast Corporation
• Spectrum Enterprise
• Orange S.A.
• Tata Consultancy Services Limited
What Are The Key Trends In The Managed Network Services Market?
• Focus on network performance monitoring
• Expansion of managed wi-fi services
• Unified communication services
• Implementation of 5G technology
• Adoption of SD-wan
What Are The Segments Of The Global Managed Network Services Market?
The global managed network services market is segmented by:
1) Managed LAN
2) Managed Wi-Fi
3) Managed VPN
4) Managed WAN
5) Network Monitoring
6) Managed Network Security
The market is also divided by:
1) Deployment mode: On-Premises, Cloud
2) Organization size: Small Businesses, Medium Businesses, Large Enterprises
3) Verticals: Banking, Financial Services And Insurance, Retail And Ecommerce, IT And Telecom, Manufacturing, Government, Education, Healthcare, Media And Entertainment, Other Verticals
Which Region Leads The Managed Network Services Market?
North America was the largest region in the managed network services market in 2024. Going forward, Asia-Pacific is expected to register the fastest growth over the forecast period. The report covers numerous regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Managed Network Services Market Global Market Report?
- Market Size Analysis: Analyze the Managed Network Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Managed Network Services Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Managed Network Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Managed Network Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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