Managed Network Services Market by Type, Deployment Mode, Organisation Size, Verticals

Description

List of Tables

[191 Pages Report] The Managed Network Services Market size was estimated at USD 66.39 billion in 2023 and expected to reach USD 71.23 billion in 2024, at a CAGR 7.49% to reach USD 110.10 billion by 2030.

Managed network services refer to a comprehensive suite of services provided by third-party providers to manage an organization's network infrastructure. These services include the managing and monitoring of networks, network operation center (NOC) services, firewalls, virtual private networks (VPNs), bandwidth, and data storage. The primary aim of managed network services is to alleviate the organization's network management burden, allowing them to focus on their core operations. This approach ensures optimal network performance and reliability and provides access to the latest networking technology and expertise, all while potentially reducing operational costs and improving network security. The primary driver of the managed network services market is the increasing complexity of enterprise network infrastructure. As businesses expand their operations globally, the demand for reliable, secure, and scalable network infrastructure becomes paramount. Additionally, the rising demand for cost-effective solutions to manage network operations and the focus on core competencies are pushing companies to adopt these services. However, data security and privacy concerns hinder market growth, as outsourcing network management could potentially expose sensitive information to third parties. Despite these challenges, advances in artificial intelligence (AI) and machine learning (ML) technologies present a potential for enhancing network management solutions, improving efficiency, and reducing the risk of human error. Additionally, the ongoing shift towards remote work models across various industries is expected to boost demand for managed network services that can support robust, secure, and agile network infrastructures.

KEY MARKET STATISTICS
Base Year [2023]	USD 66.39 billion
Estimated Year [2024]	USD 71.23 billion
Forecast Year [2030]	USD 110.10 billion
CAGR (%)	7.49%

Regional Insights

The managed network services market in the Americas, particularly in North America, is experiencing substantial growth. This surge is primarily fueled by the rapid adoption of cloud-based solutions, the need for improved network security, and the extensive presence of major market players. In the EMEA region, the market is witnessing significant expansion, driven by the growing demand for managed network services in both developed and emerging economies. Europe, with a strong focus on innovations in IoT, AI, and cybersecurity, showcases an increased need for sophisticated network management solutions. The Middle East and Africa are catching up, with investments in infrastructure development and digital transformation strategies, particularly in sectors including finance, healthcare, and government, contributing to market growth. The APAC region is showing the fastest growth in the managed network services market globally. This can be attributed to the rapid economic development in China, India, and Southeast Asian nations, alongside large-scale digitalization efforts across various industries. The growing IT sector, surging demand for cloud-based services, and the need for efficient network management to support expanding business operations are key drivers. Additionally, government initiatives aimed at enhancing digital infrastructure and promoting smart cities are further propelling market growth in this region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Managed Network Services Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing complexity of enterprise networking and the need for efficient network operations
- Requirement of agile and scalable network solution

Market Restraints
- Compatibility issues of managed network services with existing legacy systems

Market Opportunities
- Integration of advanced technologies in managed network services
- Rise of cloud computing and industrial digitization efforts

Market Challenges
- Data privacy and security issues associated with managed network services

Market Segmentation Analysis
- Type: Growing adoption of managed network security and managed wan services from larger enterprises with complex infrastructure and higher security needs
- Verticals: Higher significance of managed network services in the BFSI sector to ensure secure and reliable transactions

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Managed Network Services Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Managed Network Services Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

HCLTech signs USD 2.1 billion managed network services deal with Verizon

HCLTech collaborated with Verizon Business, the corporate division of Verizon Communications, based in the United States, with an approximate deal of 2.1 billion, where HCLTech will provide managed network services for Verizon Business's international enterprise clientele. This partnership marries Verizon's renowned networking prowess, innovative solutions, and extensive reach with HCLTech's proficiency in managed services, heralding a new epoch in delivering large-scale wireline services to the enterprise sector. [Published On: 2023-08-12]

NTT Announces Next Generation Platform for Managed Network Services

NTT Ltd., a renowned IT infrastructure and services entity, launched SPEKTRA, an evolution of its worldwide service platform dedicated to NTT Managed Networks solutions. This platform offers a seamless and efficient transition towards network transformation for its clientele, leveraging the vast managed services proficiency, in-depth expertise, and comprehensive technical assets. [Published On: 2023-03-23]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Managed Network Services Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Managed Network Services Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Andersen Inc., Aryaka Networks, Inc., AT&T, Inc., Broadcom Inc., Carousel Industries, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Colt Technology Services Group Limited, Fujitsu Limited, Global Cloud Xchange, HCL Technologies Limited, Huawei Technologies Co., Ltd., Infosys Limited, International Business Machines Corporation, Lumen Technologies, Inc., Masergy Communications, Inc. by Comcast Corporation, NTT Ltd., Oracle Corporation, Softchoice, Tata Consultancy Services Limited, Trustwave Holdings, Inc., Verizon Communications Inc., Vodafone Group PLC, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Managed Network Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Managed LAN
- Managed Network Security
- Managed VPN
- Managed WAN
- Managed Wi-Fi
- Network Monitoring

Deployment Mode
- Cloud
- On-Premises

Organisation Size
- Large Enterprises
- Small & Medium Enterprises

Verticals
- Banking, Financial Services & Insurance
- Education
- Government
- Healthcare
- IT & Telecom
- Manufacturing
- Media & Entertainment
- Retail & eCommerce

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-374DB5A07856

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing complexity of enterprise networking and the need for efficient network operations
  - 5.1.1.2. Requirement of agile and scalable network solution
- 5.1.2. Restraints
  - 5.1.2.1. Compatibility issues of managed network services with existing legacy systems
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technologies in managed network services
  - 5.1.3.2. Rise of cloud computing and industrial digitization efforts
- 5.1.4. Challenges
  - 5.1.4.1. Data privacy and security issues associated with managed network services
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing adoption of managed network security and managed wan services from larger enterprises with complex infrastructure and higher security needs
- 5.2.2. Verticals: Higher significance of managed network services in the BFSI sector to ensure secure and reliable transactions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Managed Network Services Market, by Type

6.1. Introduction
6.2. Managed LAN
6.3. Managed Network Security
6.4. Managed VPN
6.5. Managed WAN
6.6. Managed Wi-Fi
6.7. Network Monitoring

7. Managed Network Services Market, by Deployment Mode

7.1. Introduction
7.2. Cloud
7.3. On-Premises

8. Managed Network Services Market, by Organisation Size

8.1. Introduction
8.2. Large Enterprises
8.3. Small & Medium Enterprises

10. Americas Managed Network Services Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

12. Europe, Middle East & Africa Managed Network Services Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. HCLTech signs USD 2.1 billion managed network services deal with Verizon
- 13.3.2. NTT Announces Next Generation Platform for Managed Network Services
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio