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Managed Network Services Market worth $89.9 billion by 2028 - Exclusive Report by MarketsandMarkets™CHICAGO, Feb. 26, 2024 /PRNewswire/ -- The cloud and edge computing will be rapidly adopted, security and compliance will be given more attention, and automation and artificial intelligence (AI) technologies will be integrated into managed network services. Suppliers will guarantee effective, flexible, and safe networking solutions that assist digital transformation projects by emphasising user experience, providing managed SD-WAN services, and utilising predictive analytics.  The Managed Network Services Market is expected to reach USD 89.9 billion by 2028 from USD 65.7 billion in 2023, at a CAGR of 6.5 % during 2023–2028, according to a new report by MarketsandMarkets™. Browse in-depth TOC on "Managed Network Services Market" 300 - Tables Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=901 Scope of the Report
The diverse and competitive landscape of managed network services empowers businesses through enhanced efficiency. By outsourcing network management, organizations unlock optimized resource utilization and reduced expenses. Leveraging Managed Service Providers (MSPs) alleviates the burden of keeping pace with technology, allowing internal resources to focus on core competencies. Managed networks further provide global reach even for resource-constrained organizations, eliminating the complexities of building, monitoring, and maintaining internal infrastructure. This frees them to concentrate on their core business objectives. Compared to the costly and time-consuming in-house approach, particularly challenging for SMEs where cost is paramount, managed services offer a compelling alternative. They eliminate installation and management complexities, paving the way for increased agility, cost-effectiveness, and freedom for businesses of all sizes. Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=901 By type, managed network security is expected to register the fastest growth rate during the forecast period. The segment dedicated to managed network security is poised for the most significant growth within the Managed Network Services Market. This surge is driven by the ever-present threat landscape that compromises systems, hinders productivity, and disrupts compliance efforts. By partnering with Managed Security Providers (MSPs), businesses safeguard their perimeters against diverse security threats. These providers implement robust controls and protections to defend network services and customer data from external exploits, continually validating technologies and procedures through internal and external audits. This comprehensive approach empowers businesses to confidently pursue innovation and growth, unburdened by the complexities of modern cybersecurity challenges. By vertical, Healthcare is expected to register the fastest growth rate in the Managed Network Service market during the forecast period. The healthcare vertical within the Managed Network Services Market anticipates accelerated growth driven by its significant technology investments. Cloud, mobility, and IoT adoption seek to enhance care quality, minimize costs, and maintain regulatory compliance and market competitiveness. Yet, healthcare institutions face immense pressure from competing resource demands, including regulations, budget constraints, staffing/skill gaps, compliance burdens, and cybersecurity threats. Managed network services offer a solution, empowering healthcare providers to effortlessly manage HIPAA-compliant networks, securely deploy and maintain mobile health applications, and seamlessly grant internet access to patients and visitors. This tailored approach enables healthcare institutions to navigate complex IT challenges while focusing on their core mission of delivering quality patient care. Based on region, Asia Pacific is projected to register the fastest growth rate during the forecast period. The Asia Pacific region is compelling in the MNS market and is poised for significant growth over the forecast period. Key drivers include high-growth populations, burgeoning economies, and widespread adoption of mobile and internet technologies. This dynamic demography translates to a vast subscriber base for companies, further amplified by diverse geographies and the booming use of smart devices. To accommodate this surge, reliable and secure internet connectivity becomes paramount, propelling the demand for MNS. Notably, managed network security services reign supreme within the region, driven by the prevalence of cyberattacks and emerging infrastructure vulnerable to breaches. This underscores the critical role MNS plays in empowering businesses to navigate the complexities of connectivity and security in the fast-paced Asia Pacific market. Top Key Companies in Managed Network Services Market: The report profiles key players such as IBM (US), Cisco (US), Ericsson (Sweden), Verizon (US), Huawei (China), AT&T (US), BT Group (UK), Telefonica (Spain), T-Systems (Germany), NTT (Japan), Orange (France), Vodafone (UK), Fujitsu (Japan), Lumen (US), Masergy (US), Colt Technology Services (UK), Telstra (Australia), CommScope (US) etc. Recent Developments:
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=901 Managed Network Services Market Advantages:
Report Objectives
Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting Related Reports: Data Center Solutions Market - Global Forecast to 2028 Industrial Networking Solutions Market - Global Forecast to 2028 Data Center Transformation Market - Global Forecast to 2028 Green Data Center Market- Global Forecast to 2026 Data Center Power Market- Global Forecast to 2025 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
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