Managed Network Services Market is projected to expand at a steady CAGR over the forecast by 2031 | IBM Corporation, Cisco, Fujitsu, Accenture, Atos SE, DXC Technology Company

Global Managed Network Services Market report from Global Insight Services is the single authoritative source of intelligence on Managed Network Services Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Managed network services is the practice of outsourcing the management of a company’s network infrastructure to a third-party provider. The service provider is responsible for the day-to-day operation of the network, including monitoring and troubleshooting any issues that may arise. This can free up internal IT staff to focus on other projects and initiatives.

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Key Trends

The key trends in Managed Network Services technology are:

1. Increasing demand for bandwidth: There is an increasing demand for bandwidth as more and more businesses move to using cloud-based applications and services. This is resulting in managed network service providers (NSPs) upgrading their networks to provide higher bandwidth and faster speeds.

2. Increased focus on security: With the increase in cyber-attacks and data breaches, businesses are now placing a greater emphasis on security. NSPs are responding by offering more robust security solutions, such as managed firewalls and intrusion detection/prevention systems.

Key Drivers

There are several key drivers for the Managed Network Services market.

First, enterprises are looking for ways to reduce their IT costs. By outsourcing their network management to a third-party provider, they can save on infrastructure and personnel costs.

Second, enterprises are looking for ways to improve their network performance and reliability. Managed network services can help them achieve this by providing 24/7 monitoring and management of their network.

Third, enterprises are looking for ways to scale their network. Managed network services can help them do this by providing the resources and expertise necessary to expand their network as their business grows.

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Market Segments

The Managed Network Services Market is segmented based component, deployment type, enterprise size, and region. As per component, it is segmented into software and services. By deployment type, it is categorized into on-premise and cloud based. On the basis of enterprise size, it is segmented in small and medium enterprise and large enterprise. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Companies

Top key players in Managed Network Services Market are IBM Corporation, Cisco, Fujitsu, Accenture, Atos SE, DXC Technology Company, AT and T Intellectual Property, Telefonaktiebolaget LM Ericsson, Cognizant and HCL.

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