Market Overview

The managed network services market size is a rapidly growing market that is expected to reach USD 134.7 billion by 2030. The market is being driven by the increasing demand for cloud-based services, the growing need for security and compliance, and the rising adoption of virtualization and automation technologies.

Market Segmentation

The managed network services market is segmented by type, deployment, organization size, and end-user.

• By type: The market is segmented into managed infrastructure services, managed network services, managed security services, managed data center services, managed mobility services, and managed communication services.
• By deployment: The market is segmented into public cloud and private cloud.
• By organization size: The market is segmented into small and medium enterprises (SMEs) and large enterprises.
• By end-user: The market is segmented into BFSI, IT and telecommunications, government, healthcare, retail, manufacturing, energy and utilities, and others.

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Key Trends

The following are some of the key trends in the managed network services market:

• The increasing demand for cloud-based services: Cloud-based services are becoming increasingly popular due to their flexibility, scalability, and cost-effectiveness. Managed network services providers offer cloud-based solutions that help businesses to manage their networks more effectively and efficiently.
• The growing need for security and compliance: Businesses are increasingly concerned about security and compliance. Managed network services providers offer solutions that help businesses to protect their networks from cyberattacks and to comply with various regulations.
• The rising adoption of virtualization and automation technologies: Virtualization and automation technologies are becoming increasingly popular due to their ability to improve efficiency and reduce costs. Managed network services providers offer solutions that help businesses to adopt these technologies.

Competitive Landscape

The managed network services market is a competitive market with a number of leading players. Some of the key players in the market include:

• IBM
• Huawei Technologies
• Alcatel-Lucent
• NTT DATA Corporation
• Cisco Systems
• Ericsson
• Verizon Communications
• Accenture PLC
• NTT DATA Services
• Fujitsu Ltd.

Growth Opportunities

The managed network services market is expected to grow at a significant rate in the coming years. The following are some of the key growth opportunities in the market:

• The growing demand for cloud-based services: The increasing demand for cloud-based services is one of the key growth drivers for the managed network services market. Managed network services providers offer cloud-based solutions that help businesses to manage their networks more effectively and efficiently.
• The growing need for security and compliance: The growing need for security and compliance is another key growth driver for the managed network services market. Managed network services providers offer solutions that help businesses to protect their networks from cyberattacks and to comply with various regulations.
• The rising adoption of virtualization and automation technologies: The rising adoption of virtualization and automation technologies is another key growth driver for the managed network services market. Managed network services providers offer solutions that help businesses to adopt these technologies.

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Conclusion

The managed network services market is a rapidly growing market that is expected to reach USD 55 billion by 2023. The market is being driven by the increasing demand for cloud-based services, the growing need for security and compliance, and the rising adoption of virtualization and automation technologies.