Press release
Telecom Managed Services Global Market Report 2024: Assessing Industry Outlook and Growth Opportunities
Telecom Managed Services
The Business Research Company offers in-depth market insights through Telecom Managed Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The telecom managed services market size has grown rapidly in recent years. It will grow from $22.56 billion in 2023 to $25.95 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to network complexity, focus on core business functions, cost optimization, growing subscriber base, globalization of telecom operations, rapid expansion of mobile services, competitive market dynamics..
The telecom managed services market size is expected to see rapid growth in the next few years. It will grow to $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to focus on quality of service, focus on customer experience management, cybersecurity concerns, demand for network analytics, network slicing implementation, focus on sustainability and green telecom.. Major trends in the forecast period include technological convergence, 5g deployment and network modernization, cloud-native and edge computing integration, internet of things (iot) connectivity management, ai and machine learning for predictive analytics, network function outsourcing, cross-industry collaboration..
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Market Segmentation:
The telecom managed services market covered in this report is segmented -
1) By Service Type: Managed Data Center, Managed Network Services, Managed Data and Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services
2) By Deployment Model: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
Major Driver - Surging Internet Penetration Fuels Demand For Telecom Managed Services
The increasing internet penetration is expected to drive demand for telecom managed services in the forecast period. The internet penetration is rising mainly due to the increasing use of smartphones and the growing influence of social networking site. The rapidly growing internet user base generates high demand for managed services for contracts, billing, legacy equipment, user issues and for providing better customer experience. For instance, the number of internet users worldwide increased from 4.02 billion in 2018 to nearly 4.95 billion by 2022. Hence, the growing internet using population is expected to drive the telecom managed services market.
Competitive Landscape:
Major companies operating in the telecom managed services market report are Fujitsu Limited, DXC Technology Company, Juniper Networks, Cognizant Technology Solutions Corporation, ZTE Corporation, Capgemini SE, , Tech Mahindra Limited, Huawei Technologies Co. Ltd., Sprint Corporation, Vodafone Idea, Cisco Systems Inc., IBM Corporation, Unisys Corporation, Windstream Holdings Inc., AT&T Inc., Verizon Communications Inc., Comarch SA, HCL Technologies Limited, Amdocs Inc., NTT DATA Corporation, Telefonaktiebolaget LM Ericsson, GTT Communications Inc., CenturyLink, Comcast Corporation, Larsen & Toubro Infotech, Nokia Corporation, Tata Consultancy Services Limited, Wipro Limited, Zayo Group Holdings Inc., Ericsson India Limited, Motorola Inc.
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Top Trend - Enea Leads The Way With Innovative Wi-Fi Saas In Telecom Managed Services Market
Technological advancement is the key trend gaining popularity in the telecom managed services market. Major companies operating in the market are focusing on new technologies such as new delivery platform and services for expanding market share. For instance, in June 2022, a Sweden-based information technology company, Enea launched the industry's first complete Wi-Fi Software-as-a-Service (SaaS) service management solution for communication service providers (CSPs). The new offering allows telecom operators to launch and monetize Wi-Fi services, allowing companies to scale at their own pace with a pay-as-you-grow model to expand their Wi-Fi service footprint and deliver more coverage.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Telecom Managed Services Market Characteristics
3. Telecom Managed Services Market Trends And Strategies
4. Telecom Managed Services Market - Macro Economic Scenario
5. Telecom Managed Services Market Size And Growth
…..
27. Telecom Managed Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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