The global managed network services market is poised to grow at superb pace during the forecast period of 2019 to 2018. This growth is attributed to rising demand for managed network services from all across the world. Managed network services are networking functions, applications, and services that are outsourced by enterprises. A managed service provider (MSP) is responsible to distantly operate, monitor, and maintain all the activities of enterprises.
An upcoming research report from TMR on the managed network services market aims to give inclusive study of key factors driving or obstructing the market growth. Apart from this, the report offers reliable data on volume, share, revenues, and probable growth avenues in the market for managed network services. It provides helpful insights of the said market for the forecast period of 2019–2028.
The report performs the segmentation of the global managed network services market on the basis of type, organization size, and region. Based on type, the market for managed network services is classified into managed Wi-Fi, managed LAN, managed network security, managed WAN, network monitoring, and managed VPN.
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Global Managed Network Services Market: Growth Dynamics
The global managed network services market is expanding on the back of plethora of reasons. One of the key factors driving the market growth is rising need for minimizing operating expenditure (OPEX) and capital expenditure (CAPEX) among enterprises working in various sectors from all across the world. Apart from this, rising trend of digital transformation in the world is expected to help in expanding the global managed network services market in the upcoming period.
The global managed network services market is projected to witness remarkable growth avenues from the large enterprises segment in the upcoming years. One of the key reasons supporting this projection is the ability of large enterprises to invest in advanced technologies for the overall management of all their business activities.
Global Managed Network Services Market: Competitive Analysis
The global managed network services market is fairly fragmented in nature. Presence of many global and local players connotes that the competitive landscape of the market for managed network services is highly intense. Due to presence of many well-established players, the new entrants in the managed network services market are pouring extra efforts and executing diverse tactics to gain prominent market position. Mergers, acquisitions, partnerships, and collaborations are some of the key tactics in trend today.
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The list of key players in the global managed network services market includes:
- Fujitsu
- IBM
- Ericsson
- Cisco
- Comarch SA
- Verizon
- BT Group
- Huawei
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Global Managed Network Services Market: Regional Assessment
The global managed network services market is spread across five key regions, namely, North America, Europe, and Latin America, Asia Pacific, and Middle East and Africa. Of them, North America is one of the leading regions of the market for managed network services. Key reason for this growth is presence of significant number of important players such as IBM, Cisco, and Verizon in this region. Apart from this, the managed network services market is getting the advantage of growing demand for high-speed networks in this region. Companies from this region are inclined toward the use of cloud networking. These factors are working as a driver for the growth of managed network services market in North America.
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