Managed Network Services Market to Reach $59.38 Billion by 2021 - Rising Demand Due to Need for Improving the Business Process at a Minimum Cost - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Managed Network Services Market - Global Forecast to 2021" report to their offering.

The managed network services market size is expected to grow from USD 38.60 billion in 2016 to USD 59.38 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 9.0%. The managed network services market is driven by factors such greater network accessibility, management of the complex networks, and the need for improving the business process at a minimum cost. However, the managed network services market lacks in ensuring network security.

SMBs are expected to have the largest market share during the forecast period. SMBs have budget constraints and it is one of the major factors driving them to outsource their network functions to save additional installation, implementation, and maintenance-related expenses. Irrespective of size, both large enterprises and SMBs are selecting managed network services to gain benefits, such as reduction in network downtime and proactive monitoring & maintenance of their networks.

The managed network services market of the software solutions is expected to grow at an impressive CAGR during the forecast period. The high demand for network security services with data backup solutions is increasing. The managed network services providers are responsible for creating managed network services, in compliance with the industry requirement and in providing comprehensive support for their clients. The managed network services are beneficial for operational efficiencies along with security, which helps drive new businesses and creates a better experience for end-users. Managed network services have enabled improved transactions such as greater network accessibility and superior network security at a minimum cost.

Companies Mentioned

  • AT&T Inc.
  • Accenture
  • Alcatel-Lucent Enterprise
  • Cisco Systems, Inc.
  • Ericsson
  • HCL Technologies Limited
  • Hewlett Packard Enterprise Development Lp
  • Huawei Technologies Co., Ltd.
  • International Business Machines Corporation
  • LG Networks, Inc.
  • Wipro Limited

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Managed Network Services Market: Overview

6 Managed Network Services Market: Industry Trends

7 Managed Network Services Market, By Service Type

8 Managed Network Services Market, By Organization Size

9 Managed Network Services Market, By End-Use Vertical

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/6zkt43/managed_network

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
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Fax (outside U.S.): +353-1-481-1716
Related Topics: Networks

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Networks