The managed network services market is projected to reach
US$ 112,441.87 million by 2028 from US$ 60358.48 million in 2022; it is
expected to grow at a CAGR of 10.9% during 2022–2028.
The digital transformation uses technologies to create new
or modify existing business processes and customer experiences to meet the
ever-changing business environment. Digital transformation has common goals,
such as improving efficiency, adding value, and promoting innovation. As
companies are increasingly adopting digital transformation to deliver better
customer experiences and compete more effectively, there is a growing need for
services that support such modernization of information technology (IT) within
different enterprises. The rising digital transformation is also boosting
certain other factors, such as migration of workloads to the cloud and rapid
growth in data generation. Companies continually migrated their workloads to
the cloud for better flexibility and portability. As such migrations are
relatively complex, large enterprises and small and medium enterprises (SMEs)
seek MSPs for managed network services. Considering the advantages provided by MSPs in aiding technology adoption, the fast digital transformation is expected to boost the managed network services market
size strongly.
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By 2026, more than 85% of large enterprises are expected to
seek assistance from managed network service providers for migrating
applications to the cloud. Growth in data generation has paved the way for
problems in managing such data. In 2021, enterprises contributed to creating,
capturing, and replicating about 46 zettabytes of data. Most enterprises cannot
derive valuable business insights from such huge amounts of generated data.
Artificial intelligence (AI) and machine learning(ML) can be utilized for
harnessing meaningful insights from such data; however, for doing so, companies first need to address certain critical aspects, including multi-cloud data management, data privacy, and data governance.
The study conducts SWOT analysis to evaluate strengths and
weaknesses of the key players in the Managed Network Services market. Further,
the report conducts an intricate examination of drivers and restraints
operating in the market. The report also evaluates the trends observed in the
parent market, along with the macro-economic indicators, prevailing factors,
and market appeal according to different segments. The report also predicts the
influence of different industry aspects on the Managed Network Services market
segments and regions.
Scope of the Report
The research on the Managed Network Services market focuses
on mining out valuable data on investment pockets, growth opportunities, and
major market vendors to help clients understand their competitor’s
methodologies. The research also segments the Managed Network Services market on the basis of end user, product type, application, and demography for the forecast period 2022-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of
vital resources, such as charts, tables, and infographics.
The research report provides deep insights into the global
market revenue, parent market trends, macro-economic indicators, and governing
factors, along with market attractiveness per market segment. The report
provides an overview of the growth rate of the Managed Network Services market during the forecast period, i.e., 2022-2028. Most importantly, the report
further identifies the qualitative impact of various market factors on market
segments and geographies. The research segments the market on the basis of
product type, application, technology, and region. To offer more clarity
regarding the industry, the report takes a closer look at the current status of
various factors including but not limited to supply chain management, niche
markets, distribution channel, trade, supply, and demand and production
capability across different countries.
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Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and
forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their
position in the market
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