Managed Network Services Industry Size

According to a research report "Managed Network Services Market by Type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed IP/VPN, Managed Network Security), Vertical, and Region (North America, Asia Pacific, Europe, Middle East Africa, Latin America) - Global Forecast to 2028" published by MarketsandMarkets, the Managed Network Services market is estimated at USD 65.74 billion in 2023 and is projected to reach USD 89.91 billion by 2028, at a CAGR of 6.5% from 2023 to 2028.

Browse 168 market data Tables and 44 Figures spread through 236 Pages and in-depth TOC on "Managed Network Services Market by Type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed IP/VPN, Managed Network Security), Vertical, and Region (North America, Asia Pacific, Europe, Middle East Africa, Latin America) - Global Forecast to 2028"
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The Managed Network Services (MNS) market is driven by several key factors, including the rising complexity of enterprise networks, the growing adoption of cloud-based applications, and the increasing focus on capital and operational expenditure savings associated with managed network services. Organizations choose specialized providers with advanced security capabilities because they must invest in external network management services to confront rising cyber threats and evolving regulatory compliance needs. The growth of 5G networks and edge computing technology requires managed services to enhance network performance while diminishing operational complexity. Moreover, businesses prioritize automation, AI-driven analytics, and proactive network monitoring to enhance agility, minimize downtime, and support digital transformation initiatives.

By 2028, the Managed Network Services market is expected to grow moderately in terms of value.

The managed services market is experiencing moderate growth due to the increasing complexity of IT environments, rising cybersecurity concerns, and the need for cost-efficient network management. Businesses outsource IT functions to managed service providers (MSPs) to reduce operational costs, improve service reliability, and focus on core business activities. The growing adoption of cloud computing, hybrid work models, and digital transformation initiatives drives demand for managed services. Additionally, the expansion of 5G networks, AI-driven automation, and the need for continuous monitoring and support contribute to steady market growth. However, budget constraints, data privacy and security concerns, and reliance on in-house IT teams limit faster expansion.

Managed LAN services dominate the global market in 2023, in terms of value

Managed LAN services involve the outsourcing of an organization's local area network (LAN) management to a third-party provider, such as a Managed Service Provider (MSP) or network services vendor. These services cover network design, deployment, monitoring, maintenance, and support, ensuring optimized performance, enhanced security, and improved reliability while reducing the burden on internal IT teams. Key features include proactive monitoring, configuration management, troubleshooting, patch management, and end-user support. By leveraging managed LAN services, organizations can achieve greater efficiency, reduced downtime, and cost savings while ensuring seamless and secure network operations. These services are particularly beneficial for businesses with complex network infrastructures or limited IT resources, allowing them to focus on core business activities while ensuring reliable connectivity and operational stability.

North America is expected to account for the largest market share in 2023.

North America has witnessed significant growth in the managed network services market. The region is a frontrunner in technology adoption and digitization. Enterprises and service providers in this region are changing their network infrastructure to cope with advanced technologies. The rapid changes in the IT infrastructure, such as cloud and virtualization, have significantly increased the pressure on network administrators to manage the network infrastructure. Hence, enterprises outsource network services with high-standard network management and lower operating costs. North America houses the headquarters of the major players in the managed network services market, such as Cisco, IBM, Verizon, and AT&T. The region witnesses strong demand for SD-WAN solutions because of the rising demand for next-generation 5G networks. North America remains a market leader in high-speed networks, driven by increasing demand, competitive pressures among major network providers, and the widespread adoption of cloud networking. Mobile penetration in the region continues to rise, with smartphone adoption reaching 81% in 2024. According to a GSMA report, the number of unique mobile subscribers in North America is projected to reach 377 million by 2030, with the US accounting for over 85% of total subscribers. By the same year, mobile penetration in North America is expected to reach 91%, surpassing the global average of 73%. This steady growth in mobile connectivity has accelerated enterprise adoption of managed network services, including Wi-Fi solutions, to ensure secure, high-speed access for employees and visitors while supporting BYOD initiatives. Data security and privacy concerns also prompt businesses to outsource network management for enhanced protection and operational efficiency.

Prominent companies include  Cisco Systems (US), Ericsson (Sweden), Huawei (China), Verizon (US), IBM (US), BT Group (UK), AT&T (US), Telefónica (Spain), T-Systems (Germany), NTT Ltd. (Japan), Orange (France), Vodafone (UK), Fujitsu (Japan), Lumen Technology (US), Masergy Communications (US), Colt Technology Services (United Kingdom), Telstra (Australia), Singapore Telecommunications Limited (Singapore), GTT Communications (US) Global Cloud Xchange (India), Brennan IT (Australia), Sify (India), Aryaka Networks (US), SCloudx (Singapore), DXC Technology (US), Oman Data Park (Oman), Servesys Inc (US), FlexiWAN (Israel), Bigleaf Networks (US), Wipro (India), Comarch (Poland), and CommScope (US).

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