Report Id: SNS/ICT/2394 | July 2022 | Region: Global | 135 Pages
Report Scope & Overview:
The Managed Network Services Market size was valued at USD 59.42 Bn in 2022 and is expected to reach USD 112.45 Bn by 2030, and grow at a CAGR of 8.3% over the forecast period 2023-2030.
The managed network service is supplied as a cloud infrastructure service or as an in-house managed service, and it is implemented by service providers. Managed network service providers help any organization's network run smoothly, from big data to hybrid cloud, e-commerce to hosting. Emerging technologies such as software-defined networking (SDN) and the internet of things (IoT) are projected to drive significant growth in the managed network services industry in the near future.
Managed networking services enable enterprises to focus on their primary business objectives by allowing them to partially or completely outsource their network infrastructure and management. Organizations are experiencing stiff competition due to a lack of time, cash, expert systems, and resources. By avoiding capital expenditures, managed network services assist enterprises in lowering operating costs as well as network and information technology (IT) expenses. It improves organizational efficiency by giving distinction in the company and allowing them to get a competitive edge.
The need for new enterprises in this lively economic climate necessitates improved skills and is very complicated. Managed networking services make advantage of experienced personnel and allow businesses to develop and diversify. The existence of "telecom operators" to provide network architectural services, such as implementation, design, and monitoring services to their current complex IT structure is important to managed networking services.
It is necessary to relieve the IT employees of their load.
New connection requirements complicate the IT environment.
Adopting managed network services allows you to save money on both capital and operational expenses.
Global digital transformation is becoming more prevalent.
Data privacy and security concerns.
Regulations and compliances are becoming more stringent.
Global IP traffic and cloud traffic are growing at an exponential rate.
Possibility of providing value-added services in addition to fundamental network infrastructure and becoming actual business partners
Small and medium-sized businesses are increasing their need for managed network services.
Customer networks are monitored for complex, multi-technology physical and virtual networks.
Managed network service companies are having difficulty with marketing and sales activities.
IMPACT OF COVID-19:
While no one could have predicted COVID-19, existing business organizations were already feeling the effects of a shifting labor market. Cost reduction is a primary priority for management teams as they strive to use new technologies and improve efficiency techniques. Non-core but board-critical services such as tax, compliance, risk, and finance are projected to improve without additional resources. Managing regulatory tasks has gotten more complicated and costly as rules change more often across nations and regulators seek greater transparency. These lessons indicate that reverting to "normal" is simply not an option when firms begin to plan for the future.
Surviving and flourishing in a post-pandemic environment nearly invariably necessitates comprehensive business change – either to address weaknesses, gain access to new opportunities, or both. Managed services go beyond BPO by leveraging providers' primary subject expertise and technology investments to make key jobs more efficient and productive. For many businesses, managed services represent the path to reinvention. Prior to COVID-19, a growing number of businesses were considering switching to a managed services operating model, but the option is now firmly front and center on many boardroom agendas due to its ability to rebuild confidence, reshape spending, improve agility, and accelerate digital transformation.
Managed network security is predicted to develop at a faster rate in the Managed Network Services market by type over the forecast period. Threats to systems and data stifle company innovation, reduce productivity, and jeopardize compliance efforts. Managed network security services to safeguard the company perimeter against a wide range of security threats. MSPs use robust security controls and protections to protect enterprise network services and customer information from external exploitation, and they conduct internal and external compliance audits to regularly evaluate technology and security operational procedures.
The increased smartphone adoption and the expanding number of internet-connected gadgets have put enormous strain on the present telecom network. As a result, network operators confront issues such as inadequate bandwidth, network congestion resulting in call dropouts, and unstable network services. Furthermore, due to the increasing benefits of SaaS, IaaS, and PaaS, extensive investments in cloud services have necessitated it providers to sustain its delivery across their network with the rising user base. All of these considerations have aided in the adoption of MPLS technology. The expansion of cloud-based services for mobile consumers, as well as the global rollout of 4G LTE services, has increased carrier investment in networks.
KEY MARKET SEGMENTATION:
On The Basis of Type
Managed Network Security
On The Basis of Deployment Mode
On The Basis of Organization Size
Small and Medium Enterprises
On The Basis of Verticals
Banking, Financial Services and Insurance
Retail and Ecommerce
IT and Telecom
Media and Entertainment
North America dominates the managed network services market and will maintain its dominance throughout the projected period due to the increasing usage of cloud-based solutions by small and medium-sized businesses and the rising trend of outsourcing. The United States is likely to have a sizable portion of the market under consideration. With the development of cloud computing, there has been an increase in the business need for secure networking, which is projected to fuel demand for the managed MPLS market. Managed network service providers are seeing a surge in demand from clients who want assistance with their on-premises and cloud-based resources. As a consequence of the increased demand, service providers are seeing higher price and profit stability, which is expected to fuel the expansion of the Managed Network Service Market throughout the projection period. However, Asia-Pacific will have the greatest CAGR within this time span. This is due to the greater penetration of the region's IT sector's steady growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Fujitsu, IBM, Ericsson, Cisco, Comarch SA, Verizon, BT Group, Huawei, Alcatel-Lucent, and Dell EMC (EMC Corporation)
|Market Size in 2022||US$ 59.42 Billion|
|Market Size by 2030||US$ 112.45 Billion|
|CAGR||CAGR 8.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Managed LAN, Managed Wi-Fi, Managed VPN, Managed WAN, Network Monitoring, Managed Network Security)
• by Deployment Mode (On-Premises and Cloud)
• by Organization Size (Small and Medium Enterprises and Large Enterprises)
• by Verticals (Banking, Financial Services, and Insurance, Retail and eCommerce, IT and Telecom, Manufacturing, Government, Education, Healthcare, Media and Entertainment, Other Verticals)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Fujitsu, IBM, Ericsson, Cisco, Comarch SA, Verizon, BT Group, Huawei, Alcatel-Lucent, and Dell EMC (EMC Corporation)|
|Key Drivers||•It is necessary to relieve the IT employees of their load.
•New connection requirements complicate the IT environment.
|Market Restraints||•Data privacy and security concerns.
•Regulations and compliances are becoming more stringent.
Frequently Asked Questions (FAQ) :
Ans: -The Managed Network Services Market size was valued at USD 54.87 Bn in 2021.
Ans: - It is necessary to relieve the IT employees of their load and new connection requirements complicate the IT environment.
Ans: - North America dominates the managed network services market and will maintain its dominance throughout the projected period.
Ans: - The major key players are Fujitsu, IBM, Ericsson, Cisco, Comarch SA, Verizon, BT Group, Huawei, Alcatel-Lucent, and Dell EMC (EMC Corporation).
Ans: - The study includes a comprehensive analysis of Managed Network Services Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Managed Network Services Market Segmentation, by Type
8.1 Managed LAN
8.2 Managed Wi-Fi
8.3 Managed VPN
8.4 Managed WAN
8.5 Network Monitoring
8.6 Managed Network Security
9. Managed Network Services Market Segmentation, by Deployment Mode
10. Managed Network Services Market Segmentation, by Organization Size
10.1 Small and Medium Enterprises
10.2 Large Enterprises
11. Managed Network Services Market Segmentation, by Verticals
11.1 Banking, Financial Services and Insurance
11.2 Retail and Ecommerce
11.3 IT and Telecom
11.8 Media and Entertainment
11.9 Other Verticals
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.5 Comarch SA
13.7 BT Group
13.10 Dell EMC (EMC Corporation)
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.