Global Managed Network Services Market 2018-2022

The global managed network services market size will grow by USD 12.98 billion during 2018-2022. This report offers an analysis of the market based on application (BFSI, telecom and ITES, healthcare, retail and consumer electronics, and others) and end user (large enterprises and SMEs). The managed network services market research report further presents an in-depth insight on the growth prospects of the market across the Americas, APAC, and EMEA. The report analyzes the market’s competitive landscape and offers information on several companies including Cisco Systems, Ericsson, HPE, Huawei Technologies, and IBM.

Below are some of the key findings from the managed network services market research report

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Global managed network services industry overview

The growing need for secure and reliable technology to safeguard organizations’ data is one of the key factors driving the managed network services market growth. Outdated technologies have led to an increase in several cyber-security attacks across the globe. In 2016, almost 300,000 banking malware was detected in APAC and nearly 48% of British business had faced a cybersecurity attack. This drives the need for security solutions to safeguard the data from malicious software and unauthorized external access. Managed network service protects the data against hacking and other internal or external threats and is thereby growing in demand. The increasing demand for cloud-based storage is another major reason for the managed network security solutions market growth.

Increasing investments in quantum computing will be one of the key managed network services market trends that will fuel managed network services market growth in the next few years. The rapidly growing volume of data is providing traction to the need for efficient computational systems to resolve computational errors. Aerospace and defense, transportation, government, IT and telecommunication, BFSI, and healthcare are some of the major industries that will make huge investments in quantum computing. The need for managed network services to support the massive amount of data that are processed by these computers will increase, thereby driving the market during the forecast period. The managed network services market forecast predicts that fueled by these factors, the managed network services market will grow at a CAGR of almost 5% during the forecast period.

Top managed network services companies covered in this market research report

The managed network services market is moderately concentrated and highly competitive. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this managed network services industry analysis report is designed to aid clients to identify new growth opportunities and frame new growth strategies.

The report offers a complete analysis of various companies including:

• Cisco Systems
• Ericsson
• HPE
• Huawei Technologies
• IBM

Managed network services market segmentation based on geographic regions

• Americas
• APAC
• EMEA

The Americas will occupy the largest managed network services market share while the APAC region will account for the highest incremental growth throughout the forecast period. Increased penetration of Internet-enabled devices, growth in data traffic, and availability of faster Internet connections are some of the primary factors driving the market in the Americas.

Managed network services market segmentation based on application

• BFSI
• Telecom and ITES
• Healthcare
• Retail and consumer electronics
• Others

The BFSI segment will account for the largest managed network services market share while the telecom and ITES segment will account for the highest growth in the market. Additionally, the report will also provide an accurate prediction of the contribution of the various application segments to the growth of the managed network services market size.

Key highlights of the global managed network services market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the managed network services market during the next five years
• Precise estimation of the global managed network services market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the managed network services industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the managed network services companies

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