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:
5 Market Overview and Market Trends
6 Managed Network Services Market, by Type
7 Managed Network Services Market, by Organization Size
8 Managed Network Services Market, by Deployment Mode
9 Managed Network Services Market, by Vertical
10 Managed Network Services Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Adjacent Market
For more information about this report visit https://www.researchandmarkets.com/r/bw8bky
Research and Markets
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