Based on Research Nester's assessment, the global managed network services market is anticipated to grow and reach a significant size due to the growing demand for effective and efficient communication across different locations and the rising adoption of cloud services
Research Nester’s recent market research analysis on “Managed Network Services Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global managed network services market in terms of market segmentation by component, deployment type, enterprise size, end user and by region.
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The global managed network services market is estimated to grow majorly on account of
Some of the major growth factors and challenges that are associated with the growth of the global managed network services market are:
Growth Drivers:
• Increasing demand for managed network services in emerging economies
• Growing need for organizations to optimize their infrastructure
Challenges:
The lack of expertise in managing complex networks, the cost of implementing network services, and the threat of cyber-attacks are all factors that can cause organizations to hesitate to invest in managed network services. Organizations may also be wary of the risks associated with trusting a third party with their networks and data, as well as the potential for disruptions in service due to outages or other technical issues.
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By deployment type, the global managed network services market is segmented into on-premise, cloud. The cloud segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Cloud-managed network services can provide cost savings and efficiencies, as well as improved scalability and access to the latest technologies. Additionally, cloud-managed network services also allow for the flexibility to deploy services quickly, enabling businesses to respond quickly to customer needs. Additionally, cloud-based managed network services are highly customizable and provide real-time visibility of the network, which makes them attractive to enterprises.
Regionally, managed network services will generate the highest revenues in Asia Pacific by the end of 2035. This growth is anticipated by the growing demand in the region for new technologies, such as cloud computing, managed services, and data analytics. There has been a rapid increase in the number of startups and small businesses in the region. It is estimated that more than 14,000 new startups were recognized in India in the period 2021-'22, mainly digital startups. MNSs can help these startups manage their IT infrastructure, network security, and cloud storage more efficiently. Additionally, the region has seen a surge in the number of organizations that are investing in digital transformation initiatives, which will create further demand for managed network services.
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This report also provides the existing competitive scenario of some of the key players of Amazon Web Services, Inc., Midco, IBM Corporation, Fujitsu Ltd., Cisco Systems, Inc., Dell EMC, Alcatel-Lucent, Microsoft Corporation, Wipro Limited, T-Systems International GmbH.
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