The Telecom Managed Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Telecom Managed Services Global Market Report 2024, The telecom managed services market size has grown rapidly in recent years. It will grow from $22.56 billion in 2023 to $25.95 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to network complexity, focus on core business functions, cost optimization, growing subscriber base, globalization of telecom operations, rapid expansion of mobile services, competitive market dynamics..
The telecom managed services market size is expected to see rapid growth in the next few years. It will grow to $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to focus on quality of service, focus on customer experience management, cybersecurity concerns, demand for network analytics, network slicing implementation, focus on sustainability and green telecom.. Major trends in the forecast period include technological convergence, 5g deployment and network modernization, cloud-native and edge computing integration, internet of things (iot) connectivity management, ai and machine learning for predictive analytics, network function outsourcing, cross-industry collaboration..
The increasing internet penetration is expected to drive demand for telecom managed services in the forecast period. The internet penetration is rising mainly due to the increasing use of smartphones and the growing influence of social networking site. The rapidly growing internet user base generates high demand for managed services for contracts, billing, legacy equipment, user issues and for providing better customer experience. For instance, the number of internet users worldwide increased from 4.02 billion in 2018 to nearly 4.95 billion by 2022. Hence, the growing internet using population is expected to drive the telecom managed services market.
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The telecom managed services market covered in this report is segmented –
1) By Service Type: Managed Data Center, Managed Network Services, Managed Data and Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services
2) By Deployment Model: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
Technological advancement is the key trend gaining popularity in the telecom managed services market. Major companies operating in the market are focusing on new technologies such as new delivery platform and services for expanding market share. For instance, in June 2022, a Sweden-based information technology company, Enea launched the industry’s first complete Wi-Fi Software-as-a-Service (SaaS) service management solution for communication service providers (CSPs). The new offering allows telecom operators to launch and monetize Wi-Fi services, allowing companies to scale at their own pace with a pay-as-you-grow model to expand their Wi-Fi service footprint and deliver more coverage.
The telecom managed services market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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