LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global managed network services market is expected to grow at a CAGR of close to 5% during the forecast period.
The need for secure and reliable technology is a major factor driving the market’s growth. Globally, several cyber-security attacks have become a major cause of concern. In regions such as APAC, in 2016, nearly 300,000 banking malwares were detected. Outdated technologies are the reason leading to an increase in the number of such attacks. In 2016, nearly 48% of British business had faced a cybersecurity attack. Managed network security solutions are implemented to safeguard confidential data of organizations. Such data are prone to attacks from malicious software as well as unauthorized external access, further increasing the need for security solutions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the increasing investment in quantum computing as one of the key emerging trends in the global managed network services market:
Increasing investment in quantum computing
A major factor fueling the growth of the global managed network services market is the increasing interest in quantum computing. The commercially available computers are slowly reaching the final level of their computational ability. The need for efficient systems to solve computational errors has become critical to various industries as the amount of data keeps increasing. Quantum computing is a technology that applies the laws of quantum mechanics to computational ability. Once developed at its highest potential, a quantum computer will be able to perform calculations that are thousands of times faster than modern supercomputers and consume less electricity. Quantum computing falls under the purview of high-performance computing, as it deals with processing data at extremely super-fast speeds.
“The rising investments in quantum computing indicate its possible use across several industries such as the aerospace and defense, transportation, government, IT and telecommunication, BFSI, healthcare, and several others. There will an increase in the need for managed network services to support the massive amount of data that are processed by these computers, thus driving the market during the forecast period,” says a senior analyst at Technavio for research on IT security.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global managed network services market segmentation
This market research report segments the global managed network services market into the following applications (telecom and ITES, BFSI, retail and consumer, and healthcare), end-users (SMEs and large enterprises) and key regions (the Americas, APAC, and EMEA).
The BFSI segment held the largest market share in 2017, accounting for nearly 29% of the market. The market share for this application is expected to increase by 2022. The fastest growing application is telecom and ITES, which will account for nearly 27% of the total market share by 2022.
The Americas was the leading region for the global managed network services market in 2017, accounting for a market share of nearly 40%. However, by 2022, EMEA is expected to surpass the Americas to become the leading region, accounting for a market share of 36%.
|
|
|
Save big with Technavio this May! |
|
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month. |
|
OR |
|
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
