US Managed Network Services Market

According to a research report "US Managed Network Services Market by Type (Managed LAN, Managed Wi-Fi, Managed WAN, Managed VPN, Managed NFV, Network Monitoring, Managed Network Security), Vertical (BFSI, Retail & eCommerce, IT & Telecom, Manufacturing, Healthcare) - Forecast to 2028" published by MarketsandMarkets, the US Managed Network Services market is expected to reach USD 27.70 billion in 2028 from USD 22.20 billion in 2023, at a CAGR of 4.5% during the forecast period.

The US Managed Network Services market is growing due to increasing IT complexity, rising cybersecurity threats, and the widespread adoption of cloud services. The shift to remote work drives demand for secure and scalable network solutions, while businesses seek cost efficiency by outsourcing network management. AI and advanced technologies further push the need for robust, low-latency infrastructures. These factors collectively fuel the market as organizations seek seamless, secure, and optimized network operations.

The Managed LAN segment accounted for the largest share by type segment in the US Managed Network Services market in 2023.

Managed LAN will lead the US Managed Network Services market as companies face increasing network complexity, cybersecurity attacks, and rising cloud and edge computing demands. Companies need high-performance, secure LAN environments to implement hybrid work, IoT, and AI-driven automation. Hence, outsourced LAN management has become an economical and strategic option. Managed service providers offer SD-LAN, security, and automated network optimization services, which enable businesses to enhance efficiency at lower operational costs. As compliance needs increase and real-time monitoring becomes necessary, businesses are resorting to managed LAN solutions to guarantee reliability, scalability, and smooth connectivity across their operations.

The BFSI segment accounted for the largest share by vertical segment in the US Managed Network Services market in 2023.

BFSI will lead the US Managed Network Services market because banking and financial institutions need secure high-performance networks for digital banking, cloud computing adoption, and artificial intelligence-based financial services. In response to mounting cyber attacks and stringent regulatory standards, banks are now relying on managed service providers for network security, compliance, and round-the-clock availability. With the need for 24/7 availability of financial services, managed solutions are necessary for disaster recovery, hybrid cloud integration, and business efficiency. AI-driven fraud detection and automated trading also depend on low-latency, high-speed connectivity, which again necessitates strong, scalable, and professionally managed network infrastructure.

The healthcare segment by vertical is expected to grow at the highest rate during the forecast period.

The healthcare segment is set to grow the fastest in the US Managed Network Services market as hospitals and clinics upgrade their facilities with telehealth, remote patient monitoring, and cloud-based healthcare systems. With strict HIPAA regulations and increasing cyber threats, they need secure, well-managed networks to protect patient data and keep everything running smoothly. The rise of IoT medical devices and AI-powered diagnostics means reliable, high-speed connectivity is more important than ever. Since healthcare operates 24/7, managed services are essential for disaster recovery, maintenance, and uninterrupted operations. As the industry goes more digital, healthcare providers are shifting towards managed services to improve security, efficiency, and scalability while ensuring top-quality patient care.

Key players in the US Managed Network Services market are include Cisco Systems (US), AT&T (US), Verizon (US), IBM (US), Lumen Technology (US), Masergy Communications (US), GTT Communications (US), Aryaka Networks (US), DXC Technology (US), Servsys Inc (US), Bigleaf Networks (US), and CommScope (US).

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