Global Telecom Managed Services Market is accounted for $17.47 billion in 2020 and is expected to reach $56.09 billion by 2028 growing at a CAGR of 15.7% during the forecast period. Cost reduction in managing enterprise infrastructure, better focus on core business and core activities and demand to minimize the risks associated with business operations are driving the market growth. However, lack of awareness regarding internal and external threats is hampering the growth of the market.
The telecom managed services help organizations in maintaining the IT infrastructure thereby helping organizations to focus on business activities and strategies, to improve flexibility and provide premier customer services, and improve security. Managed services are typically offered to cover service functions critical to the business and to entail the ability to manage the customer end-to-end solutions by offering active-monitoring features to the provided solution and proactively reporting faults and incidents.
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Based on the service, the managed data center segment is going to have lucrative growth during the forecast period as it is very necessary for business processes to ensure that the data becomes available at any time, whenever required. Data centers enterprise data storage to MSPs’ storage. The enterprise customers do not require dedicated servers to store their data while employing managed storage. By geography, North America is going to have high growth during the forecast period due to the rising incidences of data theft and cyber security attacks, presence of telecom giants in the region and rapid technological advancements.
Some of the key players profiled in the Telecom Managed Services Market include Amdocs Inc., Cisco Systems, Inc., Ericsson AB, Fujitsu, GTT Communications, Inc., Huawei Technologies Co., Ltd., IBM Corp, Nokia Corporation, NTT Data Corporation, Subex Limited, Tech Mahindra Limited and Unisys.
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Deployment Modes Covered:
• On-Premises
• Cloud
Services Covered:
• Managed Security Services
• Managed Data and Information Services
• Managed Communication Services
• Managed Network Services
• Managed Data Center
• Managed Mobility Services
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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