Global Managed Network Services Market (2021 to 2026) - Exponential Growth in Global IP and Cloud Traffic Presents Opportunities
DUBLIN, Oct. 12, 2021 /PRNewswire/ -- The "Global 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 - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global 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 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 perimeters 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 Organisation 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.
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.
BFSI segment is expected to have a larger market size during the forecast period
By Verticals, BFSI segment is expected to hold the larger market size during the forecast period. BFSI offers tremendous opportunities for the growth of the managed network services market, as the vertical faces a significant need for improved connectivity and internet access to carry out financial transactions with ease and better security.
Financial institutions and insurance firms handle crucial commercial data, such as transaction passwords, account numbers, and credit/debit card details, which need the utmost security.
APAC to have a higher growth rate during the forecast period
By region, APAC to grow at the highest CAGR during the forecast period. The enormous population in the region has led to an extensive pool of subscriber base for companies.
The vast and diverse geographies and te wide adoption of smart devices and internet mandate the need for reliable and secure internet connectivity, driving the market for managed network services.
The number of internet users in this region has grown by a great extent; hence, several companies in the region have started deploying advanced communications solutions to cater to the rising communication demand for high-speed data and superior voice quality.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Brief Overview of the Managed Network Services Market 4.2 North American Market, by Deployment Mode and Top Three Types 4.3 European Market, by Deployment Mode and Top Three Types 4.4 Asia Pacific Market, by Deployment Mode and Top Three Types
5 Market Overview and Market Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Need to unburden the It staff 5.2.1.2 New connectivity demands increase complications in the It environment 5.2.1.3 Saving capital expenditure and operational expenditure by adopting managed network services 5.2.1.4 Increasing trend of digital transformation across the globe 5.2.1.5 Rise in demand for secure It infrastructure during the COVID-19 pandemic 5.2.2 Restraints 5.2.2.1 Concerns over data privacy and security 5.2.2.2 Increase in regulations and compliances 5.2.3 Opportunities 5.2.3.1 Exponential growth in the global Ip traffic and cloud traffic 5.2.3.2 Opportunity to provide value-added services above and beyond core network infrastructure and become true business partners 5.2.3.3 Increasing demand for managed network services among small and medium-sized enterprises 5.2.4 Challenges 5.2.4.1 Monitoring complex, multi-technology physical and virtual networks across customer networks 5.2.4.2 Managed network service providers struggling with marketing and sales efforts 5.3 Use Cases 5.4 Ecosystem 5.5 Porter'S Five forces Model 5.5.1 Threat of New Entrants 5.5.2 Threat of Substitutes 5.5.3 Bargaining Power of Suppliers 5.5.4 Bargaining Power of Buyers 5.5.5 Degree of Competition 5.6 Patent Analysis 5.7 Value Chain Analysis 5.8 COVID-19 Market Outlook for the Market 5.9 Technological Analysis 5.10 Regulatory Landscape
6 Managed Network Services Market, by Type 6.1 Introduction 6.1.1 Type: Market Drivers 6.1.2 Type: COVID-19 Impact 6.2 Managed Lan 6.3 Managed Wi-Fi 6.4 Managed VPN 6.5 Managed Wan 6.6 Network Monitoring 6.7 Managed Network Security 6.7.1 Managed Firewall 6.7.2 Managed Ids/Ips 6.7.3 Other Managed Network Security
7 Managed Network Services Market, by Organization Size 7.1 Introduction 7.1.1 Organization Size: Market Drivers 7.1.2 Organization Size: COVID-19 Impact 7.2 Small and Medium-Sized Enterprises 7.3 Large Enterprises
8 Managed Network Services Market, by Deployment Mode 8.1 Introduction 8.1.1 Deployment Mode: Market Drivers 8.1.2 Deployment Mode: COVID 19 Impact 8.2 On-Premises 8.3 Cloud
9 Managed Network Services Market, by Vertical 9.1 Introduction 9.1.1 Verticals: Market Drivers 9.1.2 Verticals: COVID-19 Impact 9.2 Banking, Financial Services and Insurance 9.3 Retail and Ecommerce 9.4 It and Telecom 9.5 Manufacturing 9.6 Government 9.7 Education 9.8 Healthcare 9.9 Media and Entertainment 9.10 Other Verticals
10 Managed Network Services Market, by Region
11 Competitive Landscape 11.1 Overview 11.2 Market Evaluation Framework 11.3 Key Market Developments 11.3.1 Product Launches 11.3.2 Deals 11.3.3 Others 11.4 Market Share Analysis of Top Players 11.5 Historical Revenue Analysis 11.6 Company Evaluation Matrix Overview 11.7 Company Evaluation Matrix Methodology and Definitions 11.7.1 Stars 11.7.2 Emerging Leaders 11.7.3 Pervasive Players 11.7.4 Participants 11.8 Company Product Footprint Analysis 11.9 Company Market Ranking Analysis 11.10 Startup/SME Evaluation Matrix Methodology and Definitions 11.10.1 Progressive Companies 11.10.2 Responsive Companies 11.10.3 Dynamic Companies 11.10.4 Starting Blocks
12 Company Profiles 12.1 Major Players 12.1.1 Cisco 12.1.2 Ericsson 12.1.3 At&T 12.1.4 BT Group 12.1.5 Verizon 12.1.6 IBM 12.1.7 Huawei 12.1.8 Telefonica 12.1.9 T-Systems 12.1.10 NTT 12.1.11 Orange Business Services 12.1.12 Vodafone 12.1.13 Fujitsu 12.1.14 Lumen 12.1.15 Masergy 12.1.16 Colt Technology Services 12.1.17 Telstra 12.1.18 Singapore Telecommunications Limited 12.1.19 GTT Communications 12.1.20 Global Cloud Xchange 12.1.21 Brennan IT 12.1.22 Sify 12.1.23 Aryaka Networks 12.1.24 DXC Technology 12.1.25 Wipro 12.1.26 Comarch 12.1.27 Commscope 12.2 Startup/SME Players 12.2.1 Introduction 12.2.2 Scloudx 12.2.3 Optanix 12.2.4 Servsys 12.2.5 Flexiwan 12.2.6 Oman Data Park 12.2.7 Bigleaf Networks
13 Adjacent Market 13.1 Introduction 13.1.1 Limitations 13.1.2 Network Management System 13.1.2.1 Market definition 13.1.2.2 Network management system market, by component 13.1.2.3 Network management system market, by deployment mode 13.1.2.4 Network management system market, by organization size 13.1.2.5 Network management system market, by vertical 13.1.3 Wan Optimization Market 13.1.3.1 Market definition 13.1.3.2 Wan optimization market, by component 13.1.3.3 Wan optimization market, by end user 13.1.3.3.1 Small and medium-sized enterprises 13.1.3.3.2 Large enterprises 13.1.3.4 Wan optimization market, by vertical 13.1.3.4.1 Banking, financial services, and insurance 13.1.3.4.2 Healthcare 13.1.3.4.3 Information technology and telecom 13.1.3.4.4 Manufacturing 13.1.3.4.5 Retail 13.1.3.4.6 Media and entertainment 13.1.3.4.7 Energy 13.1.3.4.8 Education 13.1.3.5 Wan optimization market, by region 13.1.3.5.1 Europe
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/bw8bky
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