HOME Research Insight LG Networks, Inc. (Dallas, U.S.), and Wipro Limited (Bangalore, India) are some of the key players in the Managed Network Services Market

LG Networks, Inc. (Dallas, U.S.), and Wipro Limited (Bangalore, India) are some of the key players in the Managed Network Services Market

Managed network services are networking solutions in which Managed Network Services Providers (MSPs) provide a wide range of secured, cost-effective, and proactive services to end-users. The managed network services deliver comprehensive solution for providing networking infrastructure for the organization, which reduces the operational expenses. The managed network services include managed SD WAN, managed switch, managed security, and others. There is an increased trend in the business environment towards improving business processes by reducing operational expenditure (OPEX), increasing operational efficiency, and stimulating document integrity. Accenture (Dublin, Ireland), Alcatel-Lucent Enterprise (Paris, France), AT&T Inc. (Texas, U.S.), Cisco Systems, Inc. (California, U.S.), Ericsson (Stockholm, Sweden), HCL Technologies Limited (Noida, India), Hewlett Packard Enterprise Development LP (California, U.S.), Huawei Technologies Co., Ltd. (Shenzhen, China), International Business Machines (IBM) Corporation (New York, U.S.), LG Networks, Inc. (Dallas, U.S.), and Wipro Limited (Bangalore, India) are some of the key players in the managed network services market. These companies are adopting organic strategies such as new product launches and product enhancements to increase their market share and market penetration. The companies are also following the inorganic strategies such as partnerships, contracts, collaborations, and acquisitions.

Cisco Systems, Inc. (Cisco), is one of the dominant and innovative players of the managed network services market. Having one of the most trusted global brands is Cisco’s major strength. The company has maintained its leadership position in the managed network services market by acquisitions, partnerships, and strategic alliances with other players in the market. In December 2016, Cisco formed a partnership with Colt Technology Services, a world-class network and communications service provider. The partnership will upgrade the Cloud-Scale Digital Services using Cisco’s 100Gpbs Packet Network. Moreover, the company follows organic strategies such as enhancement of products such as Cisco announced the launch of enhanced Cloud-Scale Networking Platform which would help to transform central offices for the service providers.

Another leading player in the managed network services market is International Business Machines (IBM) Corporation. IBM mostly follows acquisition, collaboration, and expansion strategies. For example the company entered into a partnership agreement with Mahindra Group, a diversified multinational conglomerate from India, to develop a blockchain solution, which will help design supply chain finance of India by redefining security, transparency, and operational processes.

Related Reports:

Managed Network Services Market by Service (Managed Internet Access and Network Provisioning, VPN, Data Storage, Network Monitoring, Network Security, and Hosted IP Telephony), Organization Size, End-Use Vertical, and Region - Global Forecast to 2021

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