Managed Network Services Market

During the projection period, the managed network services market is expected to rise from USD 65.7 billion in 2023 to USD 89.9 billion in 2028, with a CAGR of 6.5%. The adoption of cloud computing increases demand for managed network services, as organizations require dependable and secure connectivity to access cloud-based applications and services. Managed service providers give solutions to improve network connectivity to cloud environments while ensuring smooth integration.

The global Managed Network Services (MNS) market is experiencing several emerging trends driven by technological advancements, evolving business needs, and changing market dynamics. Some of the prominent emerging trends in the MNS market include:

• Transition to SD-WAN
• Cloud Connectivity and Multi-Cloud Management
• Network Security Integration
• IoT Network Management
• Edge Computing and Edge Networking
• Containerization and Microservices Testing
• Security Testing Automation
• Cloud-Based Testing Solutions

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Transition to SD-WAN: Software-Defined Wide Area Networking (SD-WAN) is gaining traction as organizations seek more flexible, agile, and cost-effective solutions for managing their network infrastructure. SD-WAN enables centralized management, dynamic traffic routing, and optimization of network performance, leading to improved reliability and efficiency.

Cloud Connectivity and Multi-Cloud Management: With the increasing adoption of cloud computing, organizations require managed network services that can seamlessly connect their on-premises infrastructure with public, private, and hybrid cloud environments. Managed service providers are offering solutions for cloud connectivity, multi-cloud management, and optimization to support diverse cloud strategies.

Network Security Integration: Security is a critical concern for organizations, and managed network service providers are integrating advanced security features into their offerings to address evolving cyber threats. Managed security services such as firewall management, intrusion detection and prevention, threat intelligence, and security monitoring are becoming integral components of MNS solutions.

IoT Network Management: The proliferation of Internet of Things (IoT) devices is driving demand for managed network services that can support large-scale IoT deployments. Managed service providers are offering solutions for IoT connectivity, device management, data analytics, and security to help organizations harness the potential of IoT while ensuring network reliability and security.

Edge Computing and Edge Networking: Edge computing is reshaping the network landscape by bringing compute resources closer to the point of data generation. Managed network service providers are offering edge networking solutions that enable organizations to deploy and manage edge computing infrastructure efficiently. Edge networking services facilitate low-latency connectivity, real-time data processing, and distributed application deployments.

AI and Automation: Artificial intelligence (AI) and automation technologies are being leveraged to enhance the efficiency and intelligence of managed network services. AI-driven analytics, predictive maintenance, and autonomous network operations are enabling proactive monitoring, troubleshooting, and optimization of network performance. Automation tools streamline network provisioning, configuration, and management tasks, reducing manual intervention and human error.

5G Network Services: The rollout of 5G networks is driving demand for managed network services that can support the high bandwidth, low latency, and massive connectivity requirements of 5G applications. Managed service providers are offering solutions for 5G network deployment, optimization, and management to help organizations capitalize on the opportunities presented by 5G technology.

Customization and Service Differentiation: Organizations are seeking managed network services that are tailored to their specific business needs and industry requirements. Managed service providers are offering customizable solutions, service-level agreements (SLAs), and value-added services to differentiate themselves in the market and meet the diverse needs of their customers.

These emerging trends reflect the evolving landscape of managed network services, driven by the need for agility, security, scalability, and innovation in networking infrastructure management.

Related Reports:

Managed Network Services Market by Type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed IP/VPN, Managed Network Security), Vertical, and Region (North America, Asia Pacific, Europe, Middle East Africa, Latin America) - Global Forecast to 2028