Press release
Managed Network Services Market Expansion Continues, with Forecast Valuation of $130.09 Billion by 2029
Managed Network Services
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Managed Network Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
In recent years, the market size of managed network services has seen considerable expansion. The value of the market, which will escalate from $75.18 billion in 2024 to $81.76 billion in 2025, demonstrates a compound annual growth rate of 8.8%. Factors contributing to this growth during the historic period include cybersecurity issues, enhancements in legacy infrastructure, migration to cloud computing, the rise of remote work, and increased demand for bandwidth._x000D_
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Managed Network Services Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
Looking ahead, the market for managed network services is projected to experience swift expansion in the coming years. It's estimated to soar to a value of $130.09 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 12.3%. Factors contributing to the projected growth during the forecast period include the integration of unified communication and collaboration services, the broadening scope of managed wifi services, a concentration on optimizing network performance, security integration, and the advancement of computing. Significant trends anticipated during the forecast period encompass a focus on network performance monitoring, managed wi-fi services, unified communication services, the roll-out of 5G technology, and the adoption of SD-WAN._x000D_
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https://www.thebusinessresearchcompany.com/report/managed-network-services-global-market-report_x000D_
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What Are the Drivers Transforming the Managed Network Services Market?_x000D_
The rise in the use of mobile devices and the internet is predicted to fuel the expansion of the managed network services market. This system, which is a globally connected network, allows worldwide communication and access to digital assets. Managed network services provide surveillance and maintenance for a business's IT, offering control costs and reducing risks for internet users or those within the IT sector. A report from Uswitch Limited, a UK-based company offering online and phone comparisons and transitions, noted that in February 2023, there were 71.8 million active mobile connections in 2022, up 3.8% from 2021. The UK is predicted to have a population of 68.3 million by 2025, with 95% of them likely to own smartphones. A report from the International Telecommunication Union, a specialized agency based in Switzerland, noted in November 2022 that an estimated 5.3 billion people, making up 66% of the world's population, used the Internet in 2022, marking a 6.1% increase from 2021. As such, it is clear that the rising adoption of mobile devices and the internet is propelling the growth of the managed network services market._x000D_
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What Long-Term Trends Will Define the Future of the Managed Network Services Market? _x000D_
Advancements in technology are becoming a significant trend in the managed network services market. The primary companies in this sector are focusing on creating innovative technological solutions to solidify their market stand. For example, Fujitsu, a company based in Japan that operates within the managed network services market, launched a new software virtualized radio access network (vRAN) technology equipped with 5G Standalone (SA) support in February 2022. This technology incorporates AI and quantum-inspired Digital Annealer technologies to augment computing resources. The newly established vRAN technology will tackle the issues inherent in traditional vRANs by delivering high performance and low energy consumption. It also has the potential to reduce the entire system's CO2 emissions by 50%, offering users robust, consistent communication._x000D_
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Which Segments in the Managed Network Services Market Offer the Most Profit Potential?_x000D_
The managed network servicesmarket covered in this report is segmented - _x000D_
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1) By Type: Managed LAN, Managed Wi-Fi, Managed VPN, Managed WAN, Network Monitoring, Managed Network Security _x000D_
2) By Deployment Mode: On-Premises, Cloud _x000D_
3) By Organization Size: Small Businesses , Medium Businesses, Large Enterprises _x000D_
4) By Verticals: Banking, Financial Services And Insurance, Retail And Ecommerce, IT And Telecom, Manufacturing, Government, Education, Healthcare, Media And Entertainment, Other Verticals _x000D_
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Subsegments:_x000D_
1) By Managed LAN: Local Area Network Design, LAN Management And Support, LAN Optimization _x000D_
2) By Managed Wi-Fi: Wi-Fi Network Design, Wi-Fi Access Point Management, Guest Wi-Fi Solutions_x000D_
3) By Managed VPN: Site-To-Site VPN Services, Remote Access VPN Services, VPN Configuration And Management_x000D_
4) By Managed WAN: Wide Area Network Design, WAN Optimization, SD-WAN Solutions_x000D_
5) By Network Monitoring: Performance Monitoring, Traffic Analysis, Network Health Monitoring_x000D_
6) By Managed Network Security: Firewall Management, Intrusion Detection And Prevention, Security Policy Management_x000D_
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Which Firms Dominate the Managed Network Services Market by Market Share and Revenue in 2025?_x000D_
Major companies operating in the managed network services market are 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 _x000D_
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Which Regions Offer the Highest Growth Potential in the Managed Network Services Market?_x000D_
North America was the largest region in the managed network services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed network services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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