Managed Network Services Market Size, Share & Growth [2032]
Managed Network Services Market Size, Share & Growth [2032]
Segments - Managed Network Services Market by Type (Managed Wi-fi, Managed LAN, Managed WAN, Network Monitoring, Managed VPN, and Managed Network Security [Managed IPS/IDS, Managed Firewall, and Others]), Organization Size (Large Enterprises, and Small & Medium Enterprises), Deployment Mode (Cloud, and On-Premises), End-user (IT & Telecom, Government, Healthcare, BFSI, Government, Media & Entertainment, Education, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
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| Report ID :ICT-SE-5619
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| 201 Pages
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Report Description
Global Managed Network Services Outlook 2032
The global managed network services market size was USD 69.14 Billion in 2023 and is expected to reach USD 118.8 Billion by 2032, expanding at a CAGR of 6.2% during 2024–2032. The market growth is attributed to rising cybersecurity concerns and technological advancements.
Rising cybersecurity concerns are expected to fuel the market. With the increasing frequency and sophistication of cyber threats, businesses are placing a higher premium on network security. Managed network service (MNS) providers have specialized expertise in cybersecurity. It makes them crucial partners for organizations looking to protect their networks.
Compliance and regulatory requirements for organizations are projected to augment the market. Many industries have strict compliance standards related to data security and privacy. Managed service providers help companies to meet regulatory requirements by implementing and maintaining secure network infrastructures. These factors are expected to propel the market in the coming years. For instance,
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In August 2023, HCLTech, an IT services and consulting company, announced a partnership with Verizon Business, a top US telecom company, to become its primary managed network services associate, for business customers in all networking deployments. This partnership is expected to reduce potential churn, add new clients, and grow existing managed service businesses.
Artificial Intelligence Impact on Managed Network Services
Artificial Intelligence (AI) has a significant impact on the market. It is revolutionizing the way networks are monitored, managed, and optimized. AI is transforming the managed service market by making it efficient, reliable, and secure. It enables providers to offer proactive and data-driven solutions. AI in managed network services market is leading to better user satisfaction and network performance. For instance,
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In August 2023, the Federal Communications Commission (FCC) in the US introduced new regulations aimed at bolstering network security within managed network services. These regulations mandated telecom companies to integrate AI-based cybersecurity measures into their network management protocols. Consequently, this regulatory push spurred increased adoption of AI-driven security solutions across the industry, enhancing network resilience against cyber threats and ensuring better protection of customer data and privacy.
Managed Network Services Market Dynamics
Major Drivers
Increasing proactive monitoring and maintenance is driving the managed network service market. Managed services include continuous monitoring and proactive maintenance, which helps MNS providers identify and address network issues before they lead to disruptions. It allows organizations to adapt to changes in network requirements easily. This scalability and flexibility are crucial for businesses experiencing rapid growth or fluctuations in demand is fueling the market. For instance,
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In April 2022, Prevailion, a leading player in compromise breach monitoring, announced the launch of its first malware replication platform named ARKTOS. This malware replica platform allows businesses to securely examine their information security against difficult early-stage malware.
Existing Restraints
Stringent regulations imposed by several governments in managed network services are restraining the market. The rise in cyberattacks, data breaches, and growing data security concerns have increased the demand for regulatory and compliance requirements.
Emerging Opportunities
Rising technological advancements are expected to create lucrative opportunities in the market. Managed service providers with expertise in these areas are in high demand. Emerging technologies such as the Internet of Things (IoT), 5G, and edge computing are anticipated to create new opportunities in the market during the projected period. for instance,
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In June 2023, TechNet, a major telecommunications provider implemented AI-driven network management tools across its infrastructure. This strategic move resulted in a notable 30% reduction in network downtime and a concurrent 20% increase in overall network performance.
Scope of the Managed Network Services Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Managed Network Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
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Forecast Period |
2023–2032 |
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Segmentation |
Type (Managed Wi-Fi, Managed LAN, Managed WAN, Network Monitoring, Managed VPN, Managed Network Security [Managed IPS/IDS, Managed Firewall, Others]), Organization Size (Large Enterprises and Small & Medium Enterprises), Deployment Mode (Cloud and On-Premises), and End-use (IT & Telecom, Government, Healthcare, BFSI, Government, Media & Entertainment, Education, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Cisco Systems, Inc.; Alcatel-Lucent Enterprise (ALE International); Fujitsu Ltd.; Amazon Web Services; Prevailion; Dell EMC; IBM Corporation; Verizon; Calix; Telstra; and Huawei. |
Regional Outlook
In terms of region, the global managed network services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to the presence of major IT companies and a strong emphasis on digital transformation initiatives. Furthermore, cloud computing has increased the demand for secure networking among enterprises driving the market in the region.
Asia Pacific region is anticipated to hold a significant share of the market in the coming years, due to the significant advancements in technology infrastructures in emerging countries such as India, Japan, China, and Australia. The expansion of SMEs, that rely on managed network services to execute their operations, the increasing adoption of mobile & smart devices, and the usage of the internet are expected to boost the market in the region during the forecast period.
Market Segment Insights
Type Segment Analysis
Based on type, the managed network services market is segregated into managed Wi-fi, managed LAN, managed WAN, network monitoring, managed VPN, and managed network security. The managed network security segment is further sub-segmented into managed IPS/IDS, managed firewall, and others.
The managed network security segment is expected to expand at a significant growth rate in the market. Network breaches and threats to data and systems negatively affect business innovation, damage compliance efforts, and limit productivity. Managed network security services protect enterprises from all types of security threats by providing safeguards and strong security controls to protect enterprise network services and customer information.
The managed wide area network (WAN) is anticipated to hold a major share of the market in the coming years. WAN connects geographically dispersed locations and facilitates data transfer and effective communication across different sites. The global business expansion has increased the demand for these services. To enhance network performance, ensure reliable connectivity, and optimize bandwidth usage, organizations rely on managed WAN services. For instance,
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In September 2022, Nokia and Indosat Ooredoo Hutchison (IOH) announced the deployment of Indonesia's first Nuage Network Software-Defined WAN solutions for Paragon Tech. To increase operational simplicity and cost of ownership for them. Nuage Networks and IOH installed a managed SD-WAN system across Paragon Tech's hub sites, to simplify Paragon Tech’s operations by using automation and reducing operational expenditure by centrally monitoring applications.
Organization Size Segment Analysis
On the basis of organization size, the global market is bifurcated into large enterprises and small & medium enterprises. The small & medium enterprises (SME) segment is projected to register a considerable CAGR during the forecast period, owing to the implementation of enhanced and innovative IT services, further driving the segment
Deployment Mode Segment Analysis
On the basis of deployment mode, the managed network services market is divided into cloud and on-premises. The cloud segment is expected to register a robust growth rate during the forecast period, owing to increasing investments from small and medium-sized organizations. Digitization necessitates agile networks, enabling businesses to deliver superior consumer experiences. Enhanced by high-performance network accessibility, managed network services further augment the flexibility and speed of businesses, fueling the segment. For instance,
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In July 2022, Amazon Web Services, an IT service management company, announced the AWS Cloud WAN, a managed wide area network solution, connecting branch offices, cloud resources, colocation facilities, and on-premise data centres to simplify global network operation.
End-user Segment Analysis
Based on end-user, the managed network services market is divided into IT & telecom, government, healthcare, BFSI, government, media & entertainment, education, and others. The IT & telecom segment is expected to expand at a significant growth rate during the projected period, owing to the growing demand for cloud computing, digital transformation, and mobile technologies. Managed network services meet requirements such as monitoring, providing network designs, security solutions, implementation, and evolving connectivity needs, propelling the segment.
The BFSI sector is anticipated to hold significant revenue in the market during the projected period, owing to the need for managed network services that offer robust network security and compliance to the sector. The BFSI segment requires managed network services to meet regulatory requirements and seamless connectivity. In addition, the increasing digitization of financial transactions, and the need for managed network services in BFSI are enhancing the segment.
Segments
The managed network services market has been segmented on the basis of
Type
- Managed Wi-fi
- Managed LAN
- Managed WAN
- Network Monitoring
- Managed VPN
- Managed Network Security
- Managed IPS/IDS
- Managed Firewall
- Others
Organization Size
- Large Enterprises
- Small & Medium Enterprises
Deployment Mode
- Cloud
- On-premises
End-user
- IT & Telecom
- Government
- Healthcare
- BFSI
- Government
- Media & Entertainment
- Education
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cisco Systems, Inc.
- Alcatel-Lucent Enterprise (ALE International)
- Fujitsu Ltd.
- Amazon Web Services
- Prevailion
- Dell EMC
- IBM Corporation
- Verizon
- Calix
- Telstra
- Huawei
Competitive Landscape
Key players competing in the global managed network services market are Cisco Systems, Inc.; Alcatel-Lucent Enterprise (ALE International); Fujitsu Ltd.; Amazon Web Services; Prevailion; Dell EMC; IBM Corporation; Verizon; Calix; Telstra; and Huawei.
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In August 2023, Verizon partnered with HCLTech as its primary collaborator for managed network services (MNS) across all networking deployments aimed at global enterprise customers. This partnership leverages Verizon's robust networking capabilities, solution portfolio, and extensive reach alongside HCLTech's market-leading managed service offerings.
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In October 2022, Accenture and Google Cloud announced an expanded global partnership, reaffirming their dedication to enhancing talent, developing innovative data and AI solutions, and providing comprehensive support to aid clients in establishing a resilient digital foundation and driving business transformation within the cloud environment.
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In October 2022, Calix, a leading global provider of broadband communication access software and systems, launched its eighth managed service named SmartTown, which enables broadband service providers (BSPs) of any size to connect people with safe, secure, and private Wi-Fi experiences. Calix spent over a decade creating an investment of more than USD 1 Billion.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Managed Network Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Managed Network Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Managed Network Services Market - Supply Chain
4.5. Global Managed Network Services Market Forecast
4.5.1. Managed Network Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Managed Network Services Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Managed Network Services Market Absolute $ Opportunity
5. Global Managed Network Services Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Managed Network Services Market Size and Volume Forecast by Types
5.3.1. Managed Wi-Fi
5.3.2. Managed LAN
5.3.3. Managed WAN
5.3.4. Network Monitoring
5.3.5. Managed VPN
5.3.6. Managed Network Security
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Managed Network Services Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Managed Network Services Market Size and Volume Forecast by End Users
6.3.1. IT & Telecom
6.3.2. Government
6.3.3. Healthcare
6.3.4. BFSI
6.3.5. Government
6.3.6. Media & Entertainment
6.3.7. Education
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Managed Network Services Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Managed Network Services Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Managed Network Services Demand Share Forecast, 2019-2026
8. North America Managed Network Services Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Managed Network Services Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Managed Network Services Market Size and Volume Forecast by Types
8.4.1. Managed Wi-Fi
8.4.2. Managed LAN
8.4.3. Managed WAN
8.4.4. Network Monitoring
8.4.5. Managed VPN
8.4.6. Managed Network Security
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Managed Network Services Market Size and Volume Forecast by End Users
8.7.1. IT & Telecom
8.7.2. Government
8.7.3. Healthcare
8.7.4. BFSI
8.7.5. Government
8.7.6. Media & Entertainment
8.7.7. Education
8.7.8. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Managed Network Services Demand Share Forecast, 2019-2026
9. Latin America Managed Network Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Managed Network Services Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Managed Network Services Market Size and Volume Forecast by Types
9.4.1. Managed Wi-Fi
9.4.2. Managed LAN
9.4.3. Managed WAN
9.4.4. Network Monitoring
9.4.5. Managed VPN
9.4.6. Managed Network Security
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Managed Network Services Market Size and Volume Forecast by End Users
9.7.1. IT & Telecom
9.7.2. Government
9.7.3. Healthcare
9.7.4. BFSI
9.7.5. Government
9.7.6. Media & Entertainment
9.7.7. Education
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Managed Network Services Demand Share Forecast, 2019-2026
10. Europe Managed Network Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Managed Network Services Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Managed Network Services Market Size and Volume Forecast by Types
10.4.1. Managed Wi-Fi
10.4.2. Managed LAN
10.4.3. Managed WAN
10.4.4. Network Monitoring
10.4.5. Managed VPN
10.4.6. Managed Network Security
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Managed Network Services Market Size and Volume Forecast by End Users
10.7.1. IT & Telecom
10.7.2. Government
10.7.3. Healthcare
10.7.4. BFSI
10.7.5. Government
10.7.6. Media & Entertainment
10.7.7. Education
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Managed Network Services Demand Share Forecast, 2019-2026
11. Asia Pacific Managed Network Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Managed Network Services Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Managed Network Services Market Size and Volume Forecast by Types
11.4.1. Managed Wi-Fi
11.4.2. Managed LAN
11.4.3. Managed WAN
11.4.4. Network Monitoring
11.4.5. Managed VPN
11.4.6. Managed Network Security
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Managed Network Services Market Size and Volume Forecast by End Users
11.7.1. IT & Telecom
11.7.2. Government
11.7.3. Healthcare
11.7.4. BFSI
11.7.5. Government
11.7.6. Media & Entertainment
11.7.7. Education
11.7.8. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Managed Network Services Demand Share Forecast, 2019-2026
12. Middle East & Africa Managed Network Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Managed Network Services Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Managed Network Services Market Size and Volume Forecast by Types
12.4.1. Managed Wi-Fi
12.4.2. Managed LAN
12.4.3. Managed WAN
12.4.4. Network Monitoring
12.4.5. Managed VPN
12.4.6. Managed Network Security
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Managed Network Services Market Size and Volume Forecast by End Users
12.7.1. IT & Telecom
12.7.2. Government
12.7.3. Healthcare
12.7.4. BFSI
12.7.5. Government
12.7.6. Media & Entertainment
12.7.7. Education
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Managed Network Services Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Managed Network Services Market: Market Share Analysis
13.2. Managed Network Services Distributors and Customers
13.3. Managed Network Services Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Cisco Systems, Inc.
13.4.2. Alcatel-Lucent Enterprise (ALE International)
13.4.3. Fujitsu Ltd.
13.4.4. Amazon Web Services
13.4.5. Prevailion
13.4.6. Dell EMC
13.4.7. IBM Corporation
13.4.8. Verizon
13.4.9. Calix
13.4.10. Telstra
13.4.11. Huawei
Methodology
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