Managed Network Services Market Size, Share, Growth and Industry Trends Analysis

The Managed Network Services Market is expected to surge from USD 65.7 billion in 2023 to USD 89.9 billion by 2028, showcasing a robust Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.

A recent research report by MarketsandMarkets, titled "Managed Network Services Market by Type, Vertical, and Region - Global Forecast to 2028," projects a significant growth trajectory for the Managed Network Services (MNS) market.

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The comprehensive report, comprising 300 market data Tables, 50 Figures, and 290 Pages, delves into the diverse and competitive landscape of managed network services, highlighting their empowering impact on businesses through enhanced efficiency and optimized resource utilization. Outsourcing network management is demonstrated to reduce expenses and allow organizations to focus on core competencies, particularly benefiting resource-constrained organizations.

Managed network security emerges as the fastest-growing segment, fueled by the ever-present threat landscape compromising systems and hindering productivity. Businesses partnering with Managed Security Providers (MSPs) safeguard their perimeters against diverse security threats, empowering them to confidently pursue innovation and growth.

In terms of verticals, the healthcare sector is expected to register the fastest growth rate in the Managed Network Service market during the forecast period. Driven by significant technology investments, healthcare institutions leverage managed network services to effortlessly manage HIPAA-compliant networks and securely deploy health applications, enabling them to navigate complex IT challenges while focusing on delivering quality patient care.

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Regionally, the Asia Pacific market is projected to register the fastest growth rate during the forecast period. Factors such as high-growth populations, burgeoning economies, and widespread adoption of mobile and internet technologies contribute to the region's dynamic growth. Managed network security services are particularly critical in the Asia Pacific, addressing the prevalence of cyberattacks and emerging infrastructure vulnerabilities.

The report profiles key players in the industry, including IBM, Cisco, Ericsson, Verizon, Huawei, AT&T, BT Group, Telefonica, T-Systems, NTT, Orange, Vodafone, Fujitsu, Lumen, Masergy, Colt Technology Services, Telstra, CommScope, and others.

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This release was published on openPR.