About Managed Network Services
Managed network services are those networking applications, services, and functions that the enterprises outsource so as to be remotely operated, maintained, and monitored by any managed service provider (MSP). The managed network services range from the basic network access and transport services such as the traditional leased WAN and LAN lines to the newer software-defined WAN (SD-WAN) connections and the virtual network services. Beyond the network access and transport services, there is a wide variety of available managed services which include WAN optimization, network administration, managed security firewalls, unified messaging, and virtual private networks (VPNs). The MSPs can easily handle the enterprise networking issues which commonly include integration, technical support, troubleshooting, and the policy setting. Managed network services are also a very practical option for the companies that are highly interested in trying out the new technologies, but are also cautious about the associated risks as well as complexity. Managed network services also help in enabling the companies to free up their current IT staff so as to focus on some other tasks. This, in turn, results in the operational efficiency owing to the fact that the MSPs can always monitor the required services and troubleshoot whenever necessary.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Managed Network Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems (United States), IBM Corporation (United States), HCL Technologies (India), Ericsson (Sweden), Hewlett Packard Enterprise (United States), Accenture (Ireland), Alcatel-Lucent Enterprise (France), AT & T (United States), Wipro (India), LG Networks (United Kingdom) and Huawei Technologies Co. Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Managed Network Services market by Type (Product and Solution), Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and Region.
On the basis of geography, the market of Managed Network Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Network Types, the sub-segment i.e. LAN(Local Area Network) will boost the Managed Network Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Financial Services will boost the Managed Network Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution Type, the sub-segment i.e. Managed Internet Access will boost the Managed Network Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Introduction of More Advanced End-User Hardware and An Upsurge in the Number of UHD Channels Offered By Many Services Providers Along With Live Broadcasts In Ultra-High Definition
Market Growth Drivers:
High Data Rate Communications and Growing Demand For By High Definition Broadcasting Services
Challenges:
Unawareness About the Services in the Underdeveloped Regions
Restraints:
High Cost of Innovation Technologies and Limited Orbital Locations
Opportunities:
Huge Opportunity In Through Satellite Communication
Market Leaders and their expansionary development strategies
In March 2022, Magna5, a national provider of managed IT, cybersecurity and cloud-based services and a NewSpring Holdings platform company, has acquired of TCG Network Services ("TCG"), a leading Boston-based managed IT and cybersecurity services provider. This acquisition further strengthens Magna5's position as a formidable player for cybersecurity, data recovery and cloud services in the lower middle market.
In August 2023, Verizon Business announced a strategic global partnership making HCLTech its primary Managed Network Services (MNS) collaborator in all networking deployments for global enterprise customers, bringing together two global leaders in enterprise networking. The partnership combines Verizon’s networking power, solutioning, and scale with HCLTech’s market leading Managed Service capabilities to usher in a new era of large-scale wireline service delivery for enterprise customers.
Key Target Audience
Providers of Managed Network Services, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.