Managed Network Services Market

The Managed Network Services Market is expected to reach USD 83,456 Million by 2028, expanding at a compound annual growth rate of 7.5% over the forecast period. Managed network services allow companies to allow the existent staff on operational efficiencies to supervise the required services and troubleshoot if needed.

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Managed network services help in decreasing the deployment cost and functional complications and boost agility. The growing demand for solutions and services to combat complications is a major factor fuelling the managed network services market share. Further, the rising demand to provide a better customer experience and the adoption of digital technologies, such as IoT, AI, and cloud, will propel market growth. The accelerating penetration of mobile devices, increasing initiatives by the leading companies, and innovations in cloud technology will propel the market size. Managed services make global networking services accessible to the organizations eliminating the need to monitor and maintain their networks.

However, as per the managed network services market research report, the inconsistent service charge and a dearth of trained experts with a lack of IT infrastructure in developing nations will restrain the market growth. The growing concern towards security will further hamper the managed network services market size.

North American region is projected to hold a larger share over the forecast period. The surging demand for safe networking among enterprises because of the usage of cloud computing will propel regional growth. Increasing penetration of mobile phones has raised the demand for secured internet connectivity, driving the market for managed network services. For instance, in 2021, Verizon's business extended its relationship with Cisco for SD-WAN managed services, which will help enterprises develop a more flexible and acute networking infrastructure.

Managed Network Services Market Segmentation:

Managed Network Services Market by Organization Size
  • Large Enterprises
  • SMEs
Managed Network Services Market by Type
  • Managed LAN
  • Managed Wi-Fi
  • Managed WAN
  • Managed Network Security
  • Managed VPN
  • Network Monitoring
Managed Network Services Market by End-User
  • BFSI
  • IT & Telecommunication
  • Healthcare
  • Manufacturing
  • Transportation & Logistics
  • Others
Managed Network Services Market by Deployment Mode
  • On-Premise
  • Cloud
Managed Network Services Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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