Report ID: 10154362 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Telecom Managed Services Market Highlights Over 2022 - 2031
The global telecom managed services market garnered an approximate revenue figure of USD 19.5 billion in the year 2021 and is expected to grow at a CAGR of ~15% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the extensive adoption of communicative systems such as wide area network (WAN), and local area network (LAN). Further, reduction in managing the cost of enterprise infrastructure as well as minimum risk associated with business operations in terms of security are factors anticipated to fuel the market growth. Additionally, the growing adoption of cloud computing technologies by small and medium-sized enterprises, as well as technological advancements such as mobility and big data services with the goal of improving operational efficiency are anticipated to drive the market growth. Moreover, rising acceptance of recent trends, such as mobility, bring your own device (BYOD), internet of things (IoT), and 5G, along with the growing data center density are expected to influence the market growth. For instance, in the year 2018, the average data center density was about 7 kW per rack.
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Managed services refer to the constant management of technological environments for the customer through standardized offerings that are designed to meet standard target service-level agreements (SLA). Fixed-network services, such as data retail, internet retail, voice retail & wholesale, along with mobile services are currently offered under telecom-managed services by the service providers.
The global telecom managed services market is segmented into service type and organization. The service type segment is divided into data centers, network services, communications services, security services, data & information services, mobility services, and others. The data center segment is estimated to hold the largest market share in value by growing at the highest CAGR during the forecast period. The growth of the segment can be associated with the growing demand for managed data centers around the world. Moreover, the adoption of devices such as smartphones and tablets and higher network engagement as a result of social media are factors expected to influence market growth.
Global Telecom Managed Services Market Regional Synopsis
Regionally, the global telecom managed services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America witnessed generous growth in the year 2021 on the account of developed IT infrastructure and demand for faster internet connection. Approximately, more than 92% of Americans have access to the internet as of the year 2022. Moreover, the presence of key players and rising network cyber-attacks in this region are a few factors expected to fuel the market growth in the upcoming years. Alternatively, the market in the Asia Pacific region is estimated to show modest growth by growing at a significant CAGR over the forecast period. The growth of the market can be attributed to growing technological development and rising demand for advancement in IT infrastructure within the region.
Market Segmentation
Our in-depth analysis of the global telecom managed services market includes the following segments:
By Service Type
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Data Center
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Network Services
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Communications Services
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Security Services
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Data & Information Services
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Mobility Services
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Others
By Organization Size
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Small & Medium Enterprises (SMEs)
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Large Enterprises
Growth Drivers and Challenges Impacting the Growth of the Global Telecom Managed Services Market
Growth Drivers
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Development in IT infrastructure
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Growing demand for IOT, BYOB, and 5G
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Low cost of enterprise infrastructure management
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Growing adoption of cloud computing
Challenges
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Concern regarding privacy security
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Network glitch during the heavy hours
Key Companies Dominating the Global Telecom Managed Services Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global telecom managed services market that are included in our report are Fujitsu Limited, IBM Corporation, Huawei Technologies Co., Ltd., Comarch SA, NTT DATA Corporation, Nokia Corporation, Tech Mahindra Limited, SAMSUNG, Juniper Networks, Inc., and Vodafone Limited among others.
Latest Developments in the Global Telecom Managed Services Market:
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28 March 2022: NTT DATA Corporation announced the acquisition of Vectorform in order to expand its digital engineering and strategy so as to help improvise user experience.
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28 February 2022: Economy of Things a new global platform is launched by Vodafone in order to allow secure trade through devices on the user’s behalf.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by service type, organization, and by region.
The data center segment is anticipated to hold largest market size in value and is estimated to grow at a highest CAGR over the forecast period and display significant growth opportunities.
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Report ID: 10154362 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
