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Global Managed Network Services Market – Technology Growing Rapidly Due to High Quality Standards and Effective Features

Global Managed Network Services Market

 

Data Bridge Market Research has recently added a concise research on Global Managed Network Services Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Huawei Technologies Co., Ltd., HCL Technologies Limited, Wipro Limited, Telefonaktiebolaget LM Ericsson, ALE International, Verizon, Telstra, NTT Communications Corporation, Sify Technologies Limited, 3T Systems Ltd., Nokia, DXC Technology Company, FUJITSU, Tata Consultancy Services Limited, Deutsche Telekom AG, RACKSPACE US, INC. among others.

 

Definition:

Managed network services refer to a communication network that is operated and secured by the third-party service provider. It can help to improve agility, lowers cost and reduce complexity across the business network. It is an outsource network solution. There are various solution and services which are included in managed networks such as managed LAN, managed wireless networks, managed WAN, a managed gateway, and other automated network support services.

 

Analysis of Global Managed Network Services Market report:

Global managed network services market is set to witness a healthy CAGR of 10.11% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to the advent of advance technology such as big data and cloud computing which is widely being used among the industries which will enhance the customer satisfaction and business process.

 

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Market Drivers:

  • Rising need to cut down the deployment cost and downtime, which is boosting the growth of the market
  • Need for superior network security with greater network accessibility, is driving the growth of the market
  • Need to manage complex networks, is driving the growth of the market
  • High penetration of mobility, big data analytics and cloud computing, is driving the growth of the market
  • Need for cost optimization to increase business process efficiency, is boosting the market growth

 

Market Restraints:

  • Rising concerns for the exposing sensitive and confidential information, is restricting the growth of the market
  • Uncertainty over the service charge, is hindering the growth of the market
  • Lack of skilled personnel and technicians, is restricting the growth of the market

 

Leading Key players profiled in this report are:

Few of the major competitors currently working in the global managed network services market are Cisco, IBM Corporation, Accenture, AT&T Intellectual Property, LG Networks, Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., HCL Technologies Limited, Wipro Limited, Telefonaktiebolaget LM Ericsson, ALE International, Verizon, Telstra, NTT Communications Corporation, Sify Technologies Limited, 3T Systems Ltd., Nokia, DXC Technology Company, FUJITSU, Tata Consultancy Services Limited, Deutsche Telekom AG, RACKSPACE US, INC. among others.

 

Global Managed Network Services Market Segmentation:

By Component

  • Managed LAN/WAN Networks
  • Managed IP Telephony
  • Managed IP/VPN
  • Managed Ethernet Links
  • Managed Video Conferencing/Telepresence

By Service Type

  • Managed Internet Access and Network Infrastructure Provisioning
  • Managed VPN
  • Data Storage
  • Network Monitoring

o   Port Assessment

o   Performance Reporting

o   Traffic Analysis

o   Configuration Change Management

o   Visualization

o   Incident Management

  • Managed Network Security

o   Identity and Access Management

o   IDS/IPS

o   Antivirus/BOT/Malware

  • Hosted IP Telephony
  • Other Services

By Deployment Type

  • On-Premise
  • Cloud

By Organization Size

  • Large Enterprises
  • Small and Medium Enterprises

By End User

  • Banking and Securities
  • Insurance
  • Communication, Media and Services
  • Healthcare Providers
  • Manufacturing and Natural Resources
  • Retail and Ecommerce
  • Wholesale Trade
  • Transportation
  • Utilities
  • Education
  • Government

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

 

Competitive Analysis:

Global managed network services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of managed network services market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

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The Global Managed Network Services Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Managed Network Services Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

 

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