Managed Network Services Market

The managed network services market is expected to increase at a CAGR of 6.5% between 2023 and 2028, from USD 65.7 billion to USD 89.9 billion. 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 provide solutions for optimizing network access to cloud environments while ensuring smooth integration.

The Managed Network Services (MNS) market is driven by several factors contributing to its growth. Some of the key growth drivers include:

• Increasing Complexity of Network Infrastructure
• Rising Demand for Cost-Efficient Solutions
• Focus on Core Competencies
• Need for Scalability and Flexibility
• Growing Adoption of Cloud Computing and SaaS
• Increasing Focus on Network Security
• Adoption of Advanced Technologies

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Increasing Complexity of Network Infrastructure: With the proliferation of digital technologies, cloud computing, IoT devices, and remote working arrangements, organizations are facing greater complexity in managing their network infrastructure. Managed Network Services providers offer expertise and solutions to help businesses navigate and optimize their increasingly intricate networks.

Rising Demand for Cost-Efficient Solutions: Organizations are increasingly turning to Managed Network Services to reduce their operational costs associated with managing and maintaining network infrastructure. MNS providers offer subscription-based models, allowing businesses to access advanced networking capabilities without the need for significant upfront investments in hardware and personnel.

Focus on Core Competencies: Outsourcing network management to Managed Network Services providers allows organizations to focus on their core competencies and strategic initiatives. By offloading network-related tasks to experts, businesses can redirect resources and efforts towards activities that drive innovation, growth, and competitive advantage.

Need for Scalability and Flexibility: Managed Network Services offer scalability and flexibility, allowing businesses to adapt to changing demands and growth requirements. MNS providers can quickly deploy and adjust network resources, accommodate fluctuating bandwidth needs, and support the expansion of operations into new locations or markets.

Growing Adoption of Cloud Computing and SaaS: The adoption of cloud computing and Software-as-a-Service (SaaS) solutions is driving demand for Managed Network Services that can seamlessly integrate with cloud environments. MNS providers offer solutions for cloud connectivity, hybrid cloud management, and multi-cloud optimization, enabling businesses to leverage the benefits of cloud computing while ensuring network reliability and security.

Increasing Focus on Network Security: With the rising frequency and sophistication of cyber threats, organizations are prioritizing network security as a critical component of their overall cybersecurity strategy. Managed Network Services providers offer integrated security solutions, including firewall management, intrusion detection and prevention, threat intelligence, and security monitoring, to protect against cyber attacks and data breaches.

Adoption of Advanced Technologies: The adoption of advanced technologies such as SD-WAN, edge computing, AI-driven analytics, and automation is driving demand for Managed Network Services that can support these technologies. MNS providers offer expertise in deploying and managing advanced networking solutions, enabling businesses to harness the benefits of emerging technologies while ensuring network performance and reliability.

Overall, the Managed Network Services market is fueled by the need for cost-effective, scalable, secure, and agile networking solutions that enable businesses to adapt to evolving technology trends and business requirements.

Managed Network Services Share - Global Industry Landscape

• Ericsson (Sweden)
• Verizon (US)
• Huawei (China)
• AT&T (US)
• BT Group (UK)
• Telefónica (Spain)

Ericsson (Sweden):

Market Share: Ericsson is one of the leading providers of telecommunications equipment and services globally, with a significant market share in various regions.

Key Offerings: Ericsson offers a wide range of products and solutions for mobile and fixed-line networks, including radio access network (RAN) equipment, core network solutions, transport networks, and managed services. Ericsson also provides software platforms for network management, IoT connectivity, and digital transformation.

Verizon (US):

Market Share: Verizon is one of the largest telecommunications companies in the United States, with a significant market share in mobile and fixed-line services.

Key Offerings: Verizon offers a comprehensive portfolio of telecommunications services, including wireless communication, broadband internet, voice services, and enterprise solutions. Verizon's key offerings also include 5G wireless services, IoT connectivity, cloud computing, cybersecurity, and managed network services.

Huawei (China):

Market Share: Huawei is a major player in the global telecommunications market, particularly in mobile network infrastructure and equipment.

Key Offerings: Huawei offers a wide range of telecommunications equipment and solutions, including mobile network infrastructure (RAN, core network, and transmission), fixed-line network solutions, cloud computing, enterprise networking, and consumer devices. Huawei's key offerings also include 5G technology, IoT platforms, and digital transformation services.

AT&T (US):

Market Share: AT&T is one of the largest telecommunications companies in the United States, with a significant market share in mobile, broadband, and entertainment services.

Key Offerings: AT&T offers a diverse range of telecommunications services, including wireless communication, broadband internet, voice services, and entertainment content. AT&T's key offerings also include enterprise networking, cloud services, cybersecurity, IoT solutions, and managed network services.

BT Group (UK):

Market Share: BT Group is a leading telecommunications company in the United Kingdom, with a significant market share in fixed-line, broadband, and enterprise services.

Key Offerings: BT Group offers a comprehensive portfolio of telecommunications and IT services, including fixed-line communication, broadband internet, mobile services, voice solutions, and digital TV. BT's key offerings also include enterprise networking, cloud services, cybersecurity, and managed IT services.

Telefónica (Spain):

Market Share: Telefónica is one of the largest telecommunications companies in Spain and operates in various regions globally, including Europe and Latin America.

Key Offerings: Telefónica offers a range of telecommunications services, including mobile and fixed-line communication, broadband internet, digital TV, and enterprise solutions. Telefónica's key offerings also include IoT connectivity, cloud services, cybersecurity, and managed network services.

These companies are significant players in the telecommunications industry, providing a wide range of products and services to consumers, businesses, and organizations worldwide.

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