The global managed network services market is expected to grow from $63.51 billion in 2022 to $70 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the managed network service market is expected to grow to $102.27 billion in 2027 at a CAGR of 9.9%.
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Technological advancements are a key trend gaining popularity in the managed network services market. Major companies operating in the managed network services market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Fujitsu, a Japan-based company operating in managed network services, introduced a new software virtualized radio access network (vRAN) technology with support for 5G Standalone (SA). This includes AI and quantum-inspired Digital Annealer technologies for enhancing computing resources. The developed vRAN technology would address the challenges of conventional vRANs, delivering high performance with low energy consumption and provide the potential to reduce overall system CO2 emissions by 50% while offering users high-quality, stable communications.
The managed network services market is segmented:
1) By Type: Managed LAN, Managed Wi-Fi, Managed VPN, Managed WAN, Network Monitoring, Managed Network Security
2) By Organization Size: Small Businesses , Medium Businesses, Large Enterprises
3) By Deployment Mode: On-Premises, Cloud
4) By Verticals: Banking, Financial Services and Insurance, Retail and Ecommerce, IT and Telecom, Manufacturing, Government, Education, Healthcare, Media and Entertainment, Other Verticals
North America was the largest region in the managed network services market in 2022.
The table of contents in TBRC’s managed network services market report includes:
- Executive Summary
- Managed Network Services Market Characteristics
- Managed Network Services Market Trends And Strategies
- Managed Network Services Market – Macro Economic Scenario
- Managed Network Services Market Size And Growth
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- Africa Managed Network Services Market
- Managed Network Services Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Managed Network Services Market
- Managed Network Services Market Future Outlook and Potential Analysis
- Appendix
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