Managed Network Services Market worth $82.3 billion by 2026 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 28, 2021 /PRNewswire/ -- According to a new market research report "Managed Network Services Market by Type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, Network Monitoring), Organization Size (Large Enterprises and SMEs), Deployment Mode, Vertical, and Region – Global Forecast to 2026", published by MarketsandMarkets™, the Managed Network Services Market size to grow from USD 57.4 billion in 2021 to USD 82.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period.

The presence of various key players in the ecosystem has led to competitive and diverse market. Businesses rely on outsourced network management to generate efficiencies, resulting in better usage of resources and reduced expenditure. Organizations turn to MSPs for help rather than struggling to keep pace with technology. With managed network services, global network services are made available for organizations that do not have global resources available internally, eliminating the hassle of building, monitoring, and maintaining their network and giving them the freedom to focus on the core business. Hence, managed network services are an attractive alternative to the costly, time-consuming business of in-house network management services, which are difficult to install and manage for SMEs where cost is a significant factor.

Browse in-depth TOC on "Managed Network Services Market"

247 – Tables
52 – Figures
270 – Pages

Ask for Report Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=901

The managed network security to record a higher growth rate during the forecast period

In the Managed Network Services Market by type, the managed network security is expected to record a higher growth rate during the forecast period. The threats to systems and data impede business innovation, limit productivity, and damage compliance efforts. Managed network security services protect enterprise perimeter from all manner of security threats. MSPs employ strong security controls and safeguards to protect enterprise network services and customer information from external exploits, and continuously verify technologies and security operational processes through internal and external compliance audits.

Large Enterprises are expected to hold a larger market share during the forecast period

By Organization size, large enterprises are expected to hold the largest market size. The major reason for large enterprises to adopt managed network services is consistent and reliable services with a global reach and operational cost reductions. Large enterprises these days realize outsourcing some of the network operations is beneficial; hence, adopt managed network services. These enterprises work under tremendous pressure and time constraints to uphold their position in the market and maintain their customer base.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=901

Cloud Deployment is expected to have a higher growth rate during the forecast period

By Deployment Mode, cloud is expected to have a higher growth rate. Cloud-managed network service providers manage an enterprise's technology infrastructure or end-user systems. Services are provided using the subscription model. MSPs monitor and manage servers and other hardware, software, and applications. They offer helpdesk services and storage and backup of data and software. MSPs upload and configure the system components to ensure customers are fully operational with updated hardware and software.

Healthcare sector is expected to have a higher growth rate during the forecast period

By Verticals, Healthcare sector is expected to have a higher growth rate. Healthcare organizations have invested heavily in technology, such as cloud, mobility, and IoT, to deliver increased quality of care and reduce cost while maintaining regulatory compliance and a competitive position in the market. This vertical is always under immense pressure where regulations, cost restrictions, skills/staffing issues, and compliance and cyber security challenges compete for resources and funding. Managed network services empower the healthcare institutions to easily manage the HIPAA-compliant networks for deploying and maintaining mobile healthcare applications and internet access for patients and visitors.

Speak to Research Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=901

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Managed Network Services Market during the forecast period. North America is a frontrunner in terms of technology adoption and digitization of society. Enterprises and service providers in this region are continuously changing their network infrastructure to cope with advanced technologies. The rapid changes in the IT infrastructure, such as cloud and virtualization, have significantly increased the pressure on network administrators to manage the network infrastructure. Hence, enterprises are outsourcing network services with high standard network management and lower operating costs.

The key and emerging market players in the Managed Network Services Market include IBM (US), Cisco (US), Ericsson (Sweden), Verizon (US), Huawei (China), AT&T (US), BT Group (UK), Telefonica (Spain), T-Systems (Germany), NTT (Japan), Orange (France), Vodafone (UK), Fujitsu (Japan), Lumen (US), Masergy (US), Colt Technology Services (UK), Telstra (Australia), CommScope (US), Singtel (Singapore), GTT Communications (US), Global Cloud Xchange (UK), Brennan IT (Australia), Sify (India), Aryaka Networks (US), SCloudX (US), Optanix (US), DXC Technology (US), Oman Data Park (Oman), Servsys (US), FlexiWAN (Israel), Bigleaf (US), Wipro (India) and Comarch (Poland). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Managed Network Services Market.

Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting

Related Reports:

Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMEs), Application, End User ( BFSI, Manufacturing, Healthcare), and Region - Global Forecast to 2026

Managed Services Market with COVID-19 Impact Analysis, by Service Type (Managed Security, Managed Network, and Managed Data Center and IT Infrastructure), Vertical, Organization Size, Deployment Type, and Region - Global Forecast to 2026

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/managed-network-services-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/managed-network-services.asp 

SOURCE MarketsandMarkets