Global Managed Network Services Market Expectations & Growth Trends Highlighted until 2028

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“Managed Network Services Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028” is an extensive research study providing intricate insights for key stakeholders along with a broad overview of the industry-related factors in the managed network services marketplace. The comprehensive report on managed network services market includes 18 detailed chapters along with key forecast highlights for the perusal of the readers. The market forecast projections are expressed in terms of value (US$ Mn) for the said period. Being a comprehensive resource of unbiased intelligence, the report provides in-depth analysis on each market segment across seven regions. Key stakeholders in the managed network services market can expect wealth of actionable insights, including impact analysis, historical analysis, extensive segmental analysis and forecasts, country wise and regional outlook, market attractiveness indices and weighted competitor analysis in this comprehensive study.

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Managed Network Services Gaining Adoption as Emphasis on Business Process Centralization Grows

Cost savings being one crucial facet of managed network services, centralizing business systems in enterprises and data centers along with availability of a virtual platform to manage applications delivers value to the business by providing a cohort of advantages. Staff performance can be set to a maximum with centralization of services. Key personnel can conveniently manage backup infrastructure, storage and virtual services. With centralized IT management infrastructure offered by managed network services, substantial power savings, reduced carbon footprint, quicker behind-the-curtain upgrades including firewall and antivirus updates, effective monitoring and 24×7 security features are possible, which is fuelling the adoption of managed network services worldwide.

Customer Success Function Establishment in Managed Services – An Upcoming Trend

Offering standard set of managed network services have a direct influence on the financial success of any enterprise or business. According to the Technology Services Industry Association (TSIA), 2016 reflected a 43 percent increase in standard managed network services offerings by MSPs and in first half of 2018, the number rose to around 68 percent. Managed network services are a different set in an organization’s portfolio of services as customers are not focused on purchasing technology alone but the operation of technology. Sales representatives are not in-tune with the customer’s routine issues. Against this backdrop, it becomes essential to appoint dedicated customer success personnel for managed services. Such a custom function facilitates identification of potential cross selling and upselling opportunities, and acts as a strategic advisor to the client. According to TSIA, companies are expected to largely invest in customer success functions in the managed services domain. Managed services with customer success can ensure high contract renewal rates along with enhanced retention of recurring revenue and facilitating revenue growth from existing customer base.

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Rising Investments in the Quantum Computing Field Fuel Adoption

With growing needs apropos of data management, it has become critical for various industries to carry out effective computation. This has triggered he adoption of quantum computing wherein quantum mechanics is used to enhance the computational ability. Quantum computing technology consumes less electric power and has the capability of performing several calculations that are relatively faster and highly accurate than modern supercomputers.

Falling under the purview of computing with high-performance quotients, it can process data at super-fast speeds. This has propelled industries such as aerospace and defence, IT and telecommunications, transportation and BFSI to adopt the quantum computing technology to manage data. This in turn has spurred the need for managed network services to support massive inflow and outflow of data that are processed by quantum computers, which consequently is expected to drive the adoption of managed network services across a cohort of industrial sectors.

Competitive Landscape

The market for managed network services is highly fragmented with the presence of market leaders that account for major stake along with new market participants. Various aspects of competition intelligence analysis including but not limited to market shares, SWOT analysis, product portfolio assessment and key strategies have been covered. In addition, recent developments have also been included in this section. For instance, in February 2018, Etisalat has chosen Nuage Networks SD-WAN managed network services solution for its cloud transformation program. Few of the key stakeholders profiled in the report include Accenture, Alcatel-Lucent Enterprise, AT&T Inc., CenturyLink Inc., Cisco Systems Inc., Ericsson, GTT Communications Inc., HCL Technologies, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., and International Business Machines Corporation (IBM).

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