Home > Semiconductors & Electronics > Telecom and Networking > Telecom Services > Managed Network Services Market

Managed Network Services Market Trends

Report ID: GMI4969
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Managed Network Services Market Trends

Artificial intelligence (AI) and automation are playing an increasingly vital role in managing complex networks. Managed network service providers are adopting AI-driven solutions and automation tools to enhance network monitoring, troubleshooting, and optimization. For instance, in February 2023, the Vice President of Huawei's Data Communication Product Line, Steven Zhao, unveiled the Digital Managed Network Solution along with a range of products tailored for carriers' B2B services during MWC Barcelona 2023, This offering is designed to empower carriers to capitalize on digital transformation prospects and foster fresh avenues for growth. The solution equips carriers with digital managed network capabilities and an extensive product lineup, facilitating their transition from Internet Service Providers (ISPs) to Managed Service Providers (MSPs).

AI can help predict and prevent network issues, while automation can streamline routine tasks such as configuration management and security updates. These technologies not only improve network performance but also reduce the burden on IT staff, making them a key trend in the managed network services industry as organizations seek efficiency and reliability in their network operations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Managed network services market size was USD 60.4 billion in 2022 and will register over 9% CAGR from 2023-2032 due to the rising number of cyber threats and data breaches worldwide

Managed WAN services industry held over 25% revenue share in 2022 on account of widespread usage in streamlining network management, optimizing performance, and enhancing security.

North America registered over 30% share of the managed network services industry in 2022 and will incur commendable growth from 2023-2032 owing to the presence of large and diverse business landscape, including multinational corporations in the region.

Lumen, PCCW Limited, AT&T, Inc, NTT Ltd, Vodafone Group Plc, Cisco Systems, Inc, T-System, Inc, Verizon, Inc, BT Group Plc, IBM Corporation, and Orange SA. are some of the major managed network services companies worldwide.