Managed Network Services Market Current Analysis and Forecast to 2027

By Ronak Bora

The Managed Network Services Market share is estimated to exceed USD 95 billion by 2027. The IT & telecom segment in the managed network service market is expected to account for a remarkable share of the overall revenue through 2027 due to rising internet penetration and the increasing number of smartphones.
Network operators are also focusing on the provision of adequate bandwidth and the upgradation of network infrastructure for the removal of network congestion. The launch of 5G network services coupled with the increasing demand for cloud-based services is expected to drive the demand for managed services over the coming years.
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The IT & telecom segment in the managed network service market is expected to account for a remarkable share of the overall revenue through 2027 due to rising internet penetration and the increasing number of smartphones. Network operators are also focusing on the provision of adequate bandwidth and the upgradation of network infrastructure for the removal of network congestion. The launch of 5G network services coupled with the increasing demand for cloud-based services is expected to drive the demand for managed services over the coming years.
Moreover, managed network services are also witnessing a high demand from large enterprises as these services help organizations in ensuring global network reach and low operational costs. The segment is estimated to hold a dominating share by 2027. These enterprises have a wide geographical presence and make heavy investments in the latest technologies for increasing their business efficiency and productivity.
North America managed network services industry is slated to expand at an appreciable CAGR of 5 per cent through the estimated period. This growth is ascribed to the rising competition amongst major players for the provision of a better customer experience and the surging demand for high-speed networks. The increasing adoption of cloud networking is a significant factor fostering the growth of market in the region.
The regional industry is further propelled by the extensive presence of eminent managed network services companies, comprising AT&T Inc., BT Group Plc, CenturyLink (Lumen), China Telecommunication Corporation Ltd., Cisco Systems, Inc., Colt Technology.
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Table of Content
Chapter 6   Managed Network Services Market, By Organization Size
6.1    Key trends, by organization size
6.2    Large enterprises
6.2.1    Market estimates and forecast, 2016 – 2027
6.3    SMEs
6.3.1    Market estimates and forecast, 2016 – 2027
Chapter 7   Managed Network Services Market, By Application
7.1    Key trends, by application
7.2    IT & telecom
7.2.1    Market estimates and forecast, 2016 – 2027
7.3    BFSI
7.3.1    Market estimates and forecast, 2016 – 2027
7.4    Healthcare
7.4.1    Market estimates and forecast, 2016 – 2027
7.5    Manufacturing
7.5.1    Market estimates and forecast, 2016 – 2027
7.6    Government
7.6.1    Market estimates and forecast, 2016 – 2027
7.7    Retail & consumer goods
7.7.1    Market estimates and forecast, 2016 – 2027
7.8    Others
7.8.1    Market estimates and forecast, 2016 – 2027
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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