Telecom Managed Services Market by Service Type (Managed Data Center, Managed Network, Managed Data and Information, Managed Mobility, Managed Communication, and Managed Security), Organization Size, and Region - Global Forecast to 2022
“Cost reduction in managing enterprise infrastructure is driving the growth of the telecom managed services market”
MarketsandMarkets: The telecom managed services market size is estimated to grow from USD 11.90 billion in 2017 to USD 22.58 billion by 2021, at a CAGR of 13.7%. Cost reduction in managing enterprise infrastructure; better focus on core business activities and core strategies; low risk associated with business operations in terms of security; and improved operational efficiency, reliability, and agility in the business process are some of driving forces in the telecom managed services market.
“Among service types, managed mobility service segment is expected to grow at the highest rate during the forecast period”
The managed mobility service is expected to grow at the highest rate in the telecom managed services market during the forecast period. The rapid proliferation of smartphones, tablets, and other smart devices in businesses as well as consumers is driving the mobility service segment. Managed mobility services include the configuration, deployment, and management of mobility devices such as smartphones and tablets in the work premises or outside the work environment by providing network connectivity through wired or wireless technology. Managed mobility services allow the workforce to access the enterprise data from mobile devices at any time and from any location.
“Large enterprise segment is expected to have maximum market size during the forecast period”
Among organization size, the large enterprise segment is expected to have a maximum market size in the telecom managed services market during the forecast period. Large enterprises are turning to managed services in order to manage their enterprise infrastructure, lower down the operational expenditure, reduce support staff, and offers services very efficiently. Moreover, affordability of resources and high economies of scale allow these organizations to leverage the benefits of managed services.
“Asia Pacific (APAC) is expected to dominate the telecom managed services market during the forecast period”
APAC is expected to grow at the highest growth rate in the telecom managed services market during the forecast period. The region has encompassed both developed and emergent economy such as Australia, Japan, Korea, India, and New Zealand. China and India are rapidly growing in terms of technology adoption and foreign direct investment. The integration of advanced technologies such as Long Term Evolution (LTE), IoT, and mobility are widely implemented across the region. The growth in APAC is mainly driven by increasing internet and mobile services and establishments of new data centers in China, India, Singapore, and Australia.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
• By Company: Tier 1: 24%, Tier 2: 41%, and Tier 3: 35%
• By Designation: C level: 57%, Director level:36%, and Others: 7%
• By Region: North America: 49%, Europe: 28%, APAC: 16%, and RoW: 7%
The various key vendors profiled in the report are as follows:
1. Amdocs (US)
2. AT&T (US)
3. CenturyLink (US)
4. Cisco Systems, Inc. (US)
5. Comarch S.A. (Poland)
6. Ericsson AB (Sweden)
7. GTT Communications, Inc. (US)
8. Huawei Technologies Co., Ltd. (China)
9. IBM (US)
10. NTT Data (Japan)
11. Sprint.com (US)
12. Tech Mahindra (India)
13. Unisys (US)
14. Verizon (US)
Scope of the Report:
The report segments the telecom managed services market on the basis of service type, which includes managed data services, managed network services, managed data and information services, managed mobility services, managed communication services, and managed security services; organization size comprises small and medium-sized enterprises and large enterprises; and regions includes North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
Reason to Buy the Report:
• To get a comprehensive overview of the global telecom managed services market.
• To gain wide-ranging information about the top players in this market sphere, their product portfolios, and key strategies adopted by them.
• To gain insights of the major countries/regions in which the telecom managed services market is flourishing in various industries.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook