Global Managed Network Services Market 2018-2022
About Managed Network Services
Managed network service is a segment of the global managed services market. Managed network service is a collection of hardware, software, services, and after sale services that enable an expert to control, monitor, and manage the entire network of an enterprise as well as network infrastructure.Technavio’s analysts forecast the global managed network services market to grow at a CAGR of 4.80% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global managed network services market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Managed Network Services Market 2018-2022
Technavio recognizes the following companies as the key players in the global managed network services market: Cisco Systems, Ericsson, HPE, Huawei Technologies, and Nokia.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing investments in quantum computing. Increasing investments in quantum computing will be one of the key trends that will fuel managed network services market growth during the next few years. The rapidly growing volume of data is providing traction to the need for efficient computational systems to resolve computational errors.”
According to the report, one driver in the market is need for secure and reliable technology. Owing to the implementation of outdated technologies across the globe, there have been several instances of cyber-security attacks. In 2016, APAC was affected by about 300,000 banking malwares, that compromised the safety of organizations’ confidential data.
Further, the report states that one challenge in the market is interoperability issues. One of the major issues regarding the use of managed network services is interoperability. Interoperability is defined as the working of separate software and systems to exchange information seamlessly.