Managed Network Services Market Estimated to Record Highest CAGR by 2018 to 2028
This report also includes forecast projection on key sub segments of managed network services such as health insurance (payer), publishing and advertising, IT hardware, warehousing and restaurants and hotels.
[USPRwire, Mon Apr 15 2019] The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global managed network services market during the period until 2028. This assessment delivers high-end statistics concerning market size (US$ 120 Bn), Y-o-Y growth and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the managed network services market during the forecast period.
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The comprehensive report on managed network services market includes 18 detailed chapters along with key forecast highlights for the perusal of the readers. The market forecast projections are expressed in terms of value (US$ Mn) for the said period. Being a comprehensive resource of unbiased intelligence, the report provides in-depth analysis on each market segment across seven regions. Key stakeholders in the managed network services market can expect wealth of actionable insights, including impact analysis, historical analysis, extensive segmental analysis and forecasts, country wise and regional outlook, market attractiveness indices and weighted competitor analysis in this comprehensive study.
Managed network services are complementary services including functions and networking applications that an enterprise outsources from a third party service provider, typically MSPs (Managed Service Providers). Transport services such as LAN, WAN and SD-WAN (software defined WAN) come under the spectrum of services offered by MSPs. In addition, the services extend to unified communications and network consulting and implementation services.
The managed network services market report offers historical data and forecast projections on every market segment. Analysis on the managed network services market includes detailed examination on service type, enterprise type, end use vertical and region. Analysis on various services includes as managed voice, managed VPN, managed security services, managed conferencing and managed WAN/SD WAN. Enterprise type segmental snapshot covers insights on small enterprises, medium enterprises and large enterprises. End user analysis covers a large pool of industries including banking & securities, insurance, communication, media & services, healthcare providers, manufacturing & natural resources, retail, wholesale trade, transportation, transport, utilities, education and government.
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Comprehensive research on managed network services market includes regional tracking across North America, Latin America, Europe, CIS & Russia, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA). The study also reflects detailed regional breakup including analysis on various countries such as United States, Canada, Brazil, Mexico, Chile, Argentina, Peru, EU-4, United Kingdom, Nordic, Benelux, China, India, ASEAN countries, South Korea, Australia & New Zealand, South Africa, Iran, Turkey and Israel.
Outsourcing managed network services facilitate effective “cost control” – a pivotal facet for every organization and enterprise. Specialist software and hardware being an expensive engagement, need for outsourcing has picked up steam that delivers tailor-made services to the enterprise as the need be. An MSP (Managed Services Provider) provides custom services and solutions, wherein costs are spread across the contract term with the provider in turn minimizing initial outlay costs significantly.
The “pay as you go” model followed by managed network services enables the enterprise to reduce on additional wages for the IT staff that is not required at that moment, however, it also provides additional staff and expertise on an ad-hoc basis. This results in substantial savings in training and hiring activities. In addition, with a fixed payment system, enterprises can carry out effective budgeting without concerns regarding additional hidden costs. An all-inclusive pricing of managed network services includes proactive management along with reactive support and service. Moreover, multiple IT services can be managed over single connection that facilitates reduction in infrastructure costs. Facilitating cost control being a major feature of managed network services, their adoption across various enterprises is likely to witness an upward growth path in the forthcoming years.
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