The global managed network services market accounted for USD 40.52 billion in 2016 growing at a CAGR of 10.3% during the forecast period of 2019 to 2026.
Market Definition: Managed Network Services Market
A managed network service is the service provided, operated, managed by a third-party service provider. This service is delivered as a cloud infrastructure service or installed and managed in-house by the service provider. It is widely applicable in telecommunication and IT, retail and ecommerce, government and utilities, media and entertainment, healthcare, banking, financial services, and insurance, industrial manufacturing, and others. Need to reduce deployment cost may act as the major driver in the growth of managed network service market. On the other side, uncertainty over service charges may hamper the market.
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Major Market Drivers & Restraints are as follows:
- Need to reduce the deployment cost
- Need to reduce downtime
- Seamless, value-added, and reliable QoS
- Superior network security with greater network accessibility
- Uncertainty over service charges
- Concern over exposing sensitive and confidential information
Key Market Competitors: Managed Network Services Market
Few of the major competitors are Cisco Systems, Inc., IBM Corporation, HCL Technologies Limited, Ericsson AB, Hewlett Packard Enterprise Development LP, Accenture, Alcatel-Lucent, AT&T, Wipro Limited, LG Networks, Inc., Huawei Technologies Co., Ltd., and others.
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Market Segmentation: Managed Network Services Market
The global managed network services market is segmented on the basis of service type into managed internet access and network infrastructure provisioning, managed VPN, data storage, network monitoring, managed network security, and hosted IP telephony, and other services. The network monitoring segment is further sub segmented into port assessment, performance reporting and incident management, traffic analysis, configuration change management, and visualization. The managed network security segment is further segmented into identity and access management, IDS/IPS, and antivirus/bot/malware.
On the basis of organization size, the global managed network services market is segmented into small & medium enterprises (SMES), and large enterprises.
On the basis of vertical, the global managed network services market is segmented into telecommunication and IT, retail and ecommerce, government and utilities, media and entertainment, healthcare, banking, financial services, and insurance, industrial manufacturing and others.
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The report for managed network services market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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