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Managed Network Services Market Growing at a CAGR 6.3% | Key Player Fujitsu, Cisco, Ericsson, Verizon, Comarch

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Managed Network Services Market Growing at a CAGR 6.3% | Key Player Fujitsu, Cisco, Ericsson, Verizon, Comarch

March 31
13:52 2021
Managed Network Services Market Growing at a CAGR 6.3% | Key Player Fujitsu, Cisco, Ericsson, Verizon, Comarch

IBM (US), Fujitsu (Japan), Cisco (US), Ericsson (Sweden), Verizon (US), Comarch SA (Poland), Huawei (China), BT Group (UK), AT&T (US), T-systems (Germany), Orange Business Services (France), DXC Technology (US), NTT (Japan), CenturyLink (US), Global Cloud Xchange (UK), TATA Communications (India), Colt (UK), Sify (India), Telstra (Australia), Sprint (US), GTT
Managed Network Services Market by Type ( Managed LAN, Managed Wi-Fi, Managed WAN, Managed Network Security, Managed VPN, and Network Monitoring), Organization Size (Large Enterprises and SMES), Vertical, and Region – Global Forecast to 2025

MarketsandMarkets expects the global Managed Network Services Market size to grow from USD 52.7 billion in 2020 to USD 71.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period. Managed network services offer a systematic approach to manage an organizations network and security needs. These services enable effective monitoring and reduce support time, enabling enterprises to prevent network downtime and hiccups. The key managed network services types include managed Local Area Network (LAN), managed Wireless Fidelity (Wi-Fi), managed Virtual Private Network (VPN), managed Wide Area Network (WAN), network monitoring, and managed network security.

Managed WAN segment to record the largest market size during the forecast period

Under the type segment, the managed WAN segment is expected to record the largest market size during the forecast period. As WAN connects every part of the organization it is a mission-critical task of keeping the network operating at peak performance, which takes time, effort, and focus. Hence, organizations outsource their network services. Managed WAN services help organizations easily collaborate with partners and suppliers, speed delivery of high-demand products, and create better experiences for customers by seamlessly connecting them with employees and self-service systems. The managed SD-WAN solution allows MSPs to deliver a comprehensive, cost-effective managed SD-WAN service, which includes advanced connectivity and security functions. MSPs help enterprises distribute WAN traffic securely over carrier services, including IPVPN and broadband, enabling them to route traffic on the most efficient channel without sacrificing application performance.

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Healthcare and life sciences vertical to record the highest CAGR during the forecast period

In the managed network services market by vertical, the healthcare and life sciences vertical is expected to record the highest CAGR during the forecast period. Healthcare organizations have invested heavily in technology, such as cloud, mobility, and IoT, to deliver increased quality of care and reduce cost while maintaining regulatory compliance and a competitive position in the market. This vertical is always under immense pressure where regulations, cost restrictions, skills/staffing issues, compliance and cybersecurity challenges compete for resources and funding. Managed network services empower the healthcare institutions to easily manage the Health Insurance Portability and Accountability Act (HIPAA)-compliant networks for deploying and maintaining mobile healthcare applications and the internet access for patients and visitors. Health Insurance Portability and Accountability Act

Key and emerging market players include IBM (US), Fujitsu (Japan), Cisco (US), Ericsson (Sweden), Verizon (US), Comarch SA (Poland), Huawei (China), BT Group (UK), AT&T (US), T-Systems (Germany), Orange Business Services (France), DXC Technology (US), NTT (Japan), CenturyLink (US), Global Cloud Xchange (UK), TATA Communications (India), Colt (UK), Sify (India), Telstra (Australia), Sprint (US), GTT (US), and Brennan IT (Australia).

Cisco caters to a wide customer base in the regions of the Americas, EMEA, and APAC. Managed network services from Cisco help organizations optimize and manage the traditional IT environment to quickly adopt new technologies and transition to the cloud. Managed enterprise networks function for campus, branch, and data center edge of the customer’s network. The service improves network and infrastructure management efficiency, thereby providing exceptional network visibility, stability, and end-user satisfaction, helping organizations boost productivity; make better, faster decisions; and enhance business agility.

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Orange Business Services is one of the major players focusing on the emerging concept of managed network services and network management. The company operates the worlds largest seamless voice/data network and offers end-to-end connectivity services in more than 220 countries and territories. In the managed network services space, the company offers services, such as Network Boost, a fully managed service providing network and performance monitoring, and WAN optimization features in addition to its Business VPN service. Business VPN is a fully managed service, which allows enterprises to subscribe to a single service for any use, such as intranet, voice video, extranet, and public intranet. The company’s SD-WAN service can be co-managed or fully managed that delivers reliability, predictable application performance, and improved security. To ensure a fully managed, end-to-end service, Orange Business Services operates more than 400 Point of Presence (PoPs) in 220 countries and territories worldwide. Managed LAN is an industrialized service that provides full management of the LAN and WLAN infrastructure at organizations’ small branch offices as well as their big campuses and data centers.

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