Telecom Managed Services Market Outlook, Trend and Forecast Till 2022
Accordingto a new market research report ”TelecomManaged Services Market by Service Type (Managed Data Center, Managed Network,Managed Data and Information, Managed Mobility, Managed Communication, andManaged Security), Organization Size, and Region - Global Forecast to 2022",published by MarketsandMarkets™, The telecom managed services market sizeis estimated to grow from USD 11.90 Billion in 2017 to USD 22.58 Billion by2022, at a CAGR of 13.7%.
Inmanaged services, enterprises outsourced their business operation specificallyservices related to ICT ecosystem on Service Level Agreements (SLA). Itbasically includes maintenance and operation of the day-to-day businessprocesses of enterprises network infrastructure and services. The base yearconsidered for the study is 2016 and the forecast period has been determinedfrom 2017 to 2022.
Browse79 market data tables and 72 figures spread through 146 pages and in-depth TOCon "Telecom ManagedServices Market by Service Type (Managed Data Center, Managed Network,Managed Data and Information, Managed Mobility, Managed Communication, andManaged Security), Organization Size, and Region - Global Forecast to2022"
Major Key Leaders:
Themajor vendors in the telecom managed services market are Amdocs (US), AT&T(US), CenturyLink (US), Cisco Systems, Inc. (US), Comarch S.A. (Poland),Ericsson AB (Sweden), GTT Communications, Inc. (US), Huawei Technologies Co.,Ltd. (China), IBM (US), NTT Data (Japan), Sprint.com (US), Tech Mahindra(India), Unisys (US), and Verizon (US).
Costreduction in managing enterprise infrastructure, better focus on core businessactivities and core strategies, low risk associated with business operations interms of security, and improved operational efficiency, reliability, andagility in the business process are some of driving forces in the telecommanaged services market.
Managed data center services to play a key role in the telecommanaged services market by 2022
Themanaged data center services segment has the largest market share in thetelecom managed services market during the forecast period. Demand for managingdata center services is increasing across all the regions. With theproliferation of smartphones and tablets across enterprises and increased useof social media in the consumer segment has resulted in the production of hugeamount of data. In addition to this, the IoT is another major area where theamount of data has been generating exponentially day-by-day. These factorsdrive the demand for managed data center services across the organization.
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Small and Medium Sized Enterprises (SMEs) will dominant thetelecom managed services market by 2022
Amongorganization size, the SMEs segment is expected to grow at the highest rate inthe telecom managed services market during the forecast period. The SMEs arestrongly adopting managed services for managing and operating their enterpriseinfrastructure including network implementation, data center management,mobility, and security services. Security and compliance and reduction indowntime and operational expenditure are some of the major benefits SMEs areexperiencing through the adoption of managed services
Asia Pacific (APAC) region is expected to grow at the highest ratein the telecom managed services market
APACis expected to show the highest growth during the forecast period; the regionhas encompassed both developed and emergent economy such as Australia, Japan,Korea, India, and New Zealand. China and India are rapidly growing in terms oftechnology adoption and foreign direct investment. The integration of advancedtechnologies such as Long Term Evolution (LTE), IoT, and mobility are widelyimplemented across the region. The growth in APAC is mainly driven byincreasing internet and mobile services and establishments of new data centersin China, India, Singapore, and Australia.
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