Published Date: 18-Nov-2021
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According to a new report Global Managed Network Services Market, published by KBV research, The Global Managed Network Services Market size is expected to reach $87.7 billion by 2027, rising at a market growth of 7.2% CAGR during the forecast period.
North America would emerge as the leading region in the managed network services market over the forecasting years. North America is a leading region with regard to the digitization of society and the adoption of technology. Additionally, to keep the pace with advanced technologies, service providers and organizations are constantly evolving their network infrastructure in this region. Moreover, to control the network infrastructure properly, the pressure over network administrators has increased, mainly due to the growing advancement in the IT infrastructure. Thus, organizations are focusing on outsourcing their network services with minimized operating costs and high-standard network management.
The cloud segment is anticipated to exhibit significant CAGR of the managed network services market over the forecast period. The cloud-managed network services vendors control the company’s end-user systems or technology infrastructure. These services are offered by utilizing the subscription model.
The large enterprises segment would acquire a substantial revenue share of the managed network services market over the forecasting years. Constant and trustworthy services with a worldwide reach and declined operational cost motivate large enterprises to adopt managed network services.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Deployment Mode
By Enterprise Size
By End User
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