Managed Network Services Market By Service Type (Managed Voice Network Services, Managed VPN Services, Managed Network Security Services, Managed Network Conferencing Services,Managed WAN/SD WAN Services), By Enterprise Type - Forecast to 2021–2031
ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
Increasing need for significant operational cost reductions, growing adoption of business analytics and cloud coupled with rising complexities in operations across several end use industries continue to influence demand for managed VPN services. The adoption of managed network services is also being influenced with a number of industry-specific factors including but not limited to growing need for high efficiency in business processes and customer satisfaction.
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The report offers actionable and valuable market insights of Managed VPN Services. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Managed VPN Services Market across various industries and regions.
Fact.MR envisages that the demand for managed network services is projected to expand at a stellar pace growing at a value CAGR in the range of 8% to 9% throughout the period of forecast, 2018-2028. The sales of managed network services during the said timeline are expected to surpass US$ 120 Bn by end of 2028, says Fact.MR report.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Managed VPN Services market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Managed VPN Services
Adoption of managed network services is likely to spur during the forecast period on back of their application in Big Data analytics to hybrid cloud and from e-commerce to hosting, as these services offer efficient functioning of networks across several organizations. In addition, emerging novel technologies such as Internet of Things (IoT) and software defined networking (SDN) are likely to pave potential growth avenues for players in the managed network services market in the coming years.
Sale of managed network services such as managed VPN are estimated to spur across a cohort of industrial applications as they provide enhanced security, and high control on business operations. Fact.MR report reveals that the sales of managed VPN services are expected to surpass US$ 45 Bn by end of 2018, representing dominance over the managed network services market and it is likely to retain its status quo through 2028. Demand for managed security services is also projected to expand at a significant rate of over 10% during the period of forecast as they provide efficient routine management and monitoring of an organization’s security process. In addition, they also offer close monitoring of advanced threats and facilitate automation of an organization’s vulnerability management.
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Recent technological breakthroughs in the telecommunications space have accelerated the demand for new managed network services that can facilitate efficient processing, consequently enhancing accuracy in various applications. Against the backdrop of these benefits, significant investments have been made in the IT and telecommunications, retail, BFSI and public sectors are likely to present lucrative opportunities with respect to adoption of managed network services
Demand of managed network services are expected to grow at a significant pace in the emerging economies of Asia Pacific excluding Japan (APEJ) such as China and India during the period of forecast. Growing manufacturing sector and significant developments in BFSI, banking and retail sectors are expected to augment the growth of managed network services in APEJ. However, developed countries of North America, especially the United States are likely to show burgeoning sales owing to robust and growing IT infrastructure in the country.
Managed Network Services: Market Segmentation In a bid to understand various intricacies associated with managed network services, the report includes a detailed market segmentation which covers every angle of the market to portray a holistic overview.
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Aug 06, 2022
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