Market Highlights
According to Market Research Future (MRFR), the global TMS Industry 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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