Managed Network Services Market Forecast, Size and Gross Margin Analysis by 2025

Posted on 2020-01-31 by researchinsights in Technology // 0 Comments

31^st Jan 2020 – The global Managed Network Services Market is subject to witness a substantial growth due to the growing demand for cloud of security solutions systems for enterprises and performing primary business operations. The recent technological advancement in cloud services industry such as development of wireless sensor network technology are propelling market growth in the recent years.

In addition, shifting trends towards of Internet of Things (IoT) technology, soaring in demand for high performance & secure systems, and growing penetration of smartphones across the globe are anticipated to fuel the growth of market over the forecast period. Globally, the market is predicted to grow at a CAGR of 4.80% in the forecast period, providing numerous opportunities for market players to invest for research and development in the managed network services market.

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Increasing adoption of managed network services is attributed to the mounting implementation of the multi-tenancy cloud approaches amongst enterprises, centralized program agencies, easier installation of circulated business processes, and uniform scalability and cheaper functional costs. The other key reasons thrusting the development of this sector constitutes the advantages like addition of centralized visibility and governing high cloud services.

A managed network services diminish the threats to the data secrecy and residency landmines with smart access management and automated security analysis. A managed network services incapacitates multi-tenancy security flaws by separating various business processes from shared environment. A managed network services allows only permitted access to database by securing access controls.

The market is broadly categorized into two major segments based on the application type such as telecommunication sector and IT vertical. The IT vertical was looked upon as one of the fastest growing segment in the managed network services with substantial revenue generation in the last few years. Growing popularity of managed network services the IT services segment is attributed to the network security services with data backup solutions.

The major manufacturers covered in this report

Cisco Systems, Inc.
International Business Machines Corporation
HCL Technologies Limited
Ericsson
Hewlett Packard Enterprise Development Lp
Accenture
Alcatel-Lucent Enterprise
AT&T Inc.
Wipro Limited
LG Networks, Inc.
Huawei Technologies Co., Ltd.

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Market segment by Type, the product can be split into

Managed VPN
Data Storage
Network Monitoring
Managed Network Security
Hosted IP Telephony
Others

Market segment by Application, Managed Network Services can be split into

Telecom & IT
Retail & eCommerce
Media & Entertainment
BFSI
Healthcare
Others

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