Telecom Managed Services Market is expected to generate a revenue of USD 47.07 Billion by 2028, Globally, at 13.72 % CAGR: Verified Market Research®
The growing importance of managing core business and core activities within an organization, application of different cost-effectiveness measures, due to these factors demand for telecom-managed services has increased exponentially.
JERSEY CITY, N.J., Nov. 17, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Telecom Managed Services Market" By Service Type (Managed Communications Services, Managed Data Center, Managed Data and Information Services, Managed Security Services, Managed Mobility Services, Managed Network Services, and Others), By Organization Size (Large Companies, Mid-sized Companies, and Small Companies), By Geographic Scope And Forecast.
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Global Telecom Managed Services Market Overview
Managed services are used for outsourcing the management duties and activities of an organization. The major aim of using managed services is to reduce the overall cost involved in internal management and the workforce required to carry out these tasks. Telecom-managed services typically provide telecom solutions that are required for performing various operations in an organization. This allows the organization to focus on its core business and core activities. Such services assist the players in the telecom industry by providing enhanced communication, enhanced team collaboration, improved flexibility, comprehensive reporting, etc. Telecom companies are also widely adopting telecom-managed services due to the operational effectiveness and security provided by such services.
During the forecast period, the operational effectiveness and security and the cost-effective benefits of telecom-managed services are expected to drive the global telecom-managed services market. The growing data center industry and the demand for telecom-managed services by these companies are one of the primary factors in market growth. The number of data centers is increasing rapidly as a huge amount of data is being generated through the excessive use of social media and the internet by the global population. This has also increased the demand for telecom-managed services.
The major players in the market are Ericsson AB, NTT Data Corporation, Huawei Technologies Co Ltd, Comarch SA, IBM Corporation, GTT Communications Inc, Verizon Communications Inc, Sprint.Com, AT&T Inc., Cisco Systems, Inc., Centurylink, Tech Mahindra Limited, Amdocs Inc., Uniys.
Verified Market Research has segmented the Global Telecom Managed Services Market On the basis of Service Type, Organization Size, and Geography.
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5 Best Telecom Managed Services: Enhancing communication for smarter connections
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