Market Highlights
According to
Market Research Future (MRFR), the global telecom managed services market size is projected to reach
USD 26 billion at a CAGR of 14% from 2017 to 2023 (forecast period). The study
provides a COVID-19 analysis of the global telecom managed services market. It
provides a critical analysis of market segments, emerging trends, growth,
market forecasts, and challenges for assessing current growth opportunities.
Telecom managed
services help companies maintain their IT infrastructure, allowing assisting
organizations to focus on business activities and strategies. Managed services
are usually provided to cover service functions critical to the business. The
need for operational efficiency and security is pushing organizations to adopt
telecom managed services. Managed services also entail managing the customer
end-to-end solutions by providing active monitoring features to the offered
solution and proactively reporting faults and incidents.
Market Dynamics
Growing demand
for cost reduction in managing enterprise infrastructure and raising awareness
among businesses to focus on core strategies and activities are pushing the
demand for the telecom managed services market. The evolution of the Internet
of Things (IoT) and 5 G technology will present an opportunity for the global
telecom managed services market. Nevertheless, cloud-based service providers
are limiting the market growth for telecom managed services. However, the
various benefits of telecom managed services are expected to fuel the market
forecast period.
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Market Segmentation
The global
telecom managed services market has been segmented on the basis of service type
and organization size.
Based on
service type, the global telecom managed services market has been classified
into managed data centers, managed network services, managed data &
information services, managed mobility services, managed communication
services, and managed security services.
Based on
organization size, the global telecom managed services market has been
classified into SME and large enterprises.
Regional Analysis
Region-wise,
the global telecom managed services market has been segmented into North
America, Europe, Asia Pacific, and the rest of the world.
North America
is expected to retain a large market share and is expected to continue through
the assessment period. The existence of major players in the region, growing
deployment of data centers, is anticipated to propel the market. The
requirement for improved operational efficiency and reliability in business
processes is driving the market in this region. The European region is
predicted to show steady growth during the forecast period. However, Asia
Pacific is projected to have a high growth rate during the forecast period. The
rapid increase in internet and mobile services and the increase in the
deployment of data centers, particularly in China and India, are driving the
market in this region.
Key Players
Some of the
industry giants in the global telecom managed service are Amdocs (U.S.),
AT&T (U.S.), IBM (U.S.), CenturyLink (U.S.), Cisco Systems, Inc. (U.S.),
Comarch S.A. (Poland), GTT Communications, Inc. (U.S.), Huawei Technologies
Co., Ltd. (China), NTT Data (Japan), Sprint.com (U.S.), Tech Mahindra (India),
Ericsson AB (Sweden), Unisys (U.S.) Verizon (U.S.) and others. The key
participants in the market are continuously innovating and involving in various
research and development activities to create a cost-effective product
portfolio.
Some of the
main innovators in the global managed services are AireSpringt (U.S.), Ericsson
(Sweden), Comarch (Poland), Atos (France), Subex Limited (India), Vertek
Corporation (U.K), nexogy (U.S.), KOBARGO TECHNOLOGY PARTNERS (U.S.), Computer
Services, Inc. (U.S.), Adaptis Mobile (U.S.), WATEEN TELECOM (Pakistan), Now
Telecom (Australia), Voice & Data Solutions (Ireland) and others.
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