"The latest Managed Network Services Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Managed Network Services Market.
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The digital transformation uses technologies to create new or modify existing business processes and customer experiences to meet the ever-changing business environment. Digital transformation has common goals, such as improving efficiency, adding value, and promoting innovation. As companies are increasingly adopting digital transformation to deliver better customer experiences and compete more effectively, there is a growing need for services that support such modernization of information technology (IT) within different enterprises.
The Managed Network Services market analysis estimated the market size of around US$ 43.07 billion in 2017 and is expected to witness a market growth of 9.9% CAGR during the market forecast period (2018–2025) to reach an estimated value of around US$ 91.38 billion by 2025.
Major Key players covered in this Managed Network Services Market report-
- Accenture
- Cisco Systems, Inc.
- Cognizant
- Fujitsu Limited
- Huawei Technologies Co., Ltd.
- Kyndryl Holdings, Inc.
- NTT Limited
- Tata Consultancy Services Limited
- Verizon
- HCL Technologies
The rising digital transformation is also boosting certain other factors, such as migration of workloads to the cloud and rapid growth in data generation. Companies continually migrated their workloads to the cloud for better flexibility and portability. As such migrations are relatively complex, large enterprises and small and medium enterprises (SMEs) seek MSPs for managed network services. Considering the advantages provided by MSPs in aiding technology adoption, the fast digital transformation is expected to boost the managed network services market size strongly.
The scope of the Managed Network Services Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Managed Network Services in North America, Europe, Asia-Pacific, Middle East Africa, and South America. The study also provides market insights and analysis of the Managed Network Services, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
MARKET SEGMENTATION-
The managed network services market is segmented into type, deployment, organization size, and end-use vertical. Based on type, the market is segmented into managed LAN, managed network security, managed monitoring, managed VPN, managed WAN, and managed Wi-Fi. On the basis of deployment, the managed network services market is bifurcated into cloud and on-premise. Based on organization size, the market is segmented into large enterprises and SMEs. On the basis of application, the managed network services market is segmented into BFSI, government, IT telecommunication, manufacturing, media entertainment, retail e-commerce, and others.
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Major highlights of the report:
- All-inclusive evaluation of the parent market
- Evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of market value and volume in past, present, and forecast years
- Evaluation of market share
- Tactical approaches of market leaders
- Lucrative strategies to help companies strengthen their position in the market
Managed Network Services Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East Africa, and Central South America
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