The Europe Managed Network Services Market would witness market growth of 6.4% CAGR during the forecast period (2021-2027).
Managed service providers strengthen network security along with providing healthy IT infrastructure. In addition, MSPs formulate comprehensive security policies and protocols, which will escalate the security of all endpoints of the IT infrastructure. Additionally, they also ensure that the formulated policies and protocols are aligning to industry and government regulations. Through proper maintenance of IT security compliance, MSPs are able to significantly reduce the possibility of security risks. This assists enterprises to protect themselves from threats that can affect networks of business. Moreover, managed service providers assure their customers that they will provide their services 24/7 as technical issues may occur at any time.
However, employing an on-premises technical administrators’ team may be expensive. In addition, this cost increase with the adoption of the network management tools and solutions that a business IT infrastructure requires. Whereas several SMEs are not able to afford such a huge amount as they do not have enough resources. Thus, outsourcing managed network services is the best way to handle all IT functions of a business as it saves the expenditure of paying on-premises tech specialists and purchasing new equipment.
The managed network services market is rapidly growing in Europe as a large number of companies are shifting towards hybrid IT. The managed network services provide various benefits like decreased operational expenses and capital expenses and enhance the operational performance of the business. These benefits are gaining the attention of users, who are focusing on adopting these services.
However, factors such as reliability concerns and integration & regulatory issues are accountable for the slowdown of the growth of the regional managed network services market. Whereas varied & vast geographies and the extensive adoption of smart devices and the internet have mandated the requirement of secure and reliable internet connectivity. Hence, it is expected that these factors would offer lucrative opportunities for the growth of the regional managed network services market in the forthcoming years.
The Germany market dominated the Europe Cloud Managed Network Services Market by Country 2020, thereby, achieving a market value of $2519 million by 2027. The UK market is exhibiting a CAGR of 6.9% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 8.5% during (2021 - 2027).
Based on Type, the market is segmented into Managed VPN, Managed WAN, Managed LAN, Managed Network Security, Managed WiFi and Others. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Media & Entertainment, Healthcare, Government, Telecom & IT and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Managed Network Services Market Size will Hit $87.7 Billion by 2027, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BT Group plc, Telefónica, S.A., T-Systems International GmbH, IBM Corporation, DXC Technology Company, Verizon Communications, Inc., NTT Data Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., and Ericsson AB.
By Type
By Deployment Mode
By Enterprise Size
By End User
By Country
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