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Managed Network Services Market worth $50.83 Billion by 2019
According to a new market research report “Managed Network Services Market by Types (Design, Implementation, Monitoring, Support & Maintenance), by Components (LAN/WAN, IP Telephony, IP/VPN, Ethernet, Video Conferencing), by Organization Size, by Verticals & by Regions - Global Forecasts to 2019", published by MarketsandMarkets, the Managed Network Services Market is expected to reach $50.83 billion by 2019 at a CAGR of 10.6% from 2014 to 2019.
Browse 66 market data tables and 77 figures spread through 160 pages and in-depth TOC on “Managed Network Services Market by Types (Design, Implementation, Monitoring, Support & Maintenance), by Components (LAN/WAN, IP Telephony, IP/VPN, Ethernet, Video Conferencing), by Organization Size, by Verticals & by Regions - Global Forecasts to 2019”.
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Organizations are looking for new technologies and a single point of contact for managing their complex network structure to stay ahead of their competitors. Managed Network Services will help the organizations to focus on their core businesses, rather than their in house networks by providing 24x7 expertise and reliable network services by skilled experts. Managed Network Services also helps the companies to reduce the (Operational Cost) cost incurred on networks and IT spendings by eliminating the capital expenditures. The operational expenditures which are more than the cost control tool, helps the organizations to avail a competitive advantage by improving efficiency and providing business differentiation.
The study provides in depth analysis of the Managed Network Services Market based on components segment and service types and its role in the various industries across different geographies. The report provides in-depth analysis of various industry verticals such as Banking, Financial Services and Insurance, Telecommunication & IT, Retail, Public sector, Transportation & Logistics and other business verticals. Also describes the emerging trends across different organization sizes.
The Managed Network Services Market is expected to grow from $30.67 billion in 2014 to $50.83 billion by 2019, at an estimated CAGR of 10.6 from 2014 to 2019. Companies such as Alcatel-Lucent, Accenture, Ericsson, Huawei, Nokia Siemens networks (NSN), IBM, are key market players.
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