USD 267.4 billion
Managed Network Services Market Size, Share, Growth Analysis, By Type(Managed LAN (Local Area Network) and Managed WAN (Wide Area Network)), By End-User(IT and Telecom, and BFSI (Banking, Financial Services, and Insurance)), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45H2035 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
62
|Figures:
75
Managed Network Services Market Insights
Managed Network Services Market size was valued at USD 304.03 Billion in 2023 and is poised to grow from USD 345.68 Billion in 2024 to USD 965.53 Billion by 2032, growing at a CAGR of 13.7% during the forecast period (2025-2032).
Businesses who hire managed service providers (MSPs) to handle their networking applications, operations, and services for them to be remotely operated, watched over, and maintained are using managed network services. Managed network services cover everything from traditional leased WAN and LAN lines for basic network access and transport to more recent software-defined WAN (SD-WAN) connections and virtual network services. Virtual private networks (VPNs), unified messaging, network administration, managed security services, WAN optimization, and other managed services are available in addition to network access and transport.
In addition to hosting virtual network activities, managed service providers (MSPs) generally host managed enterprise network services in their own data centres and facilities. MSPs include everything from little specialized service providers to massive traditional national and international telecom companies. Service-level agreements (SLAs), which are contracts outlining the performance and quality criteria under which the managed service will be provided, are the standard that MSPs give to their clients. Employers must use managed service providers as they lower risk. Managed services enable continuous network monitoring as opposed to outsourcing IT only when a problem emerges. Every aspect of maintenance and upgrades is also taken care of by a managed service provider.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Managed WAN (Wide Area Network)
Fastest Growth
Managed LAN (Local Area Network)
Growth Rate
13.7% CAGR
Global Managed Network Services Market ($ Bn)
Country Share by North America (%)
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Managed Network Services Market Segmental Analysis
Global Managed Network Services Market is segmented by type, End-User, and region. Based on type, the market can be segmented into Managed LAN (Local Area Network) and Managed WAN (Wide Area Network). Based on End-User, the market is segmented into IT and telecom and BFSI (banking, financial services, and insurance). Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Managed Network Services Market Analysis by Type
As per categorization by type, the market is classified as managed LAN, managed Wi-Fi, managed VPN, managed WAN, network monitoring, managed NFV and managed network security. Among these, managed LAN earned the largest share and continue to dominate the market. Managed LAN services are innovating with advanced automation, security, and cloud integration, enabling seamless connectivity and streamlined management. This type dominates the global managed network services market due to rising demand for centralized network management, scalability, and enhanced performance in enterprise environments, ensuring cost efficiency and operational agility.
Managed Wi-Fi is set to be the fastest-growing segment in the global managed network services market due to increasing demand for reliable, scalable, and secure wireless connectivity. As businesses prioritize remote work, BYOD (bring your own device) policies, and seamless mobile access, managed Wi-Fi solutions offer centralized management, enhanced security features, and improved performance. The rise of IoT devices and cloud applications further accelerates adoption, driving growth by addressing the need for flexible, high-performance wireless infrastructure.
Managed Network Services Market Analysis by Network Security
Managed Firewall services are innovating with AI-driven threat detection, cloud integration, and real-time monitoring to bolster network security. They dominate the global managed network services market due to increasing cyber threats, regulatory compliance needs, and businesses' reliance on outsourced security expertise to ensure robust, scalable, and cost-effective protection.
Managed IDS/IPS is poised for rapid growth in the global managed network services market due to rising cybersecurity threats and the need for proactive threat detection and prevention. As businesses face increasingly sophisticated attacks, managed IDS/IPS solutions offer real-time monitoring, advanced threat intelligence, and automated responses. The shift toward cloud environments and remote work further drives demand, as these services help safeguard critical assets by ensuring comprehensive, continuous protection across expanding digital infrastructures.
Global Managed Network Services Market By Type (%)
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Managed Network Services Market Regional Insights
North America dominates the global managed network services market due to its advanced IT infrastructure, widespread cloud adoption, and strong presence of key technology providers. The region’s high concentration of large enterprises, coupled with increasing investments in digital transformation, fuels demand for managed services to streamline network management and enhance security. Additionally, rising cyber threats and stringent regulatory frameworks in sectors like finance and healthcare drive adoption of managed solutions. The proliferation of 5G and IoT technologies further accelerates growth, as businesses seek scalable, secure, and efficient network solutions to support expanding connectivity needs across diverse industries.
Asia Pacific is the fastest-growing region in the global managed network services market due to rapid digital transformation, increasing adoption of cloud services, and expanding IT infrastructure. The region’s economic growth, particularly in countries like China and India, has led to a surge in demand for managed network solutions to support scalability and operational efficiency. Additionally, the rise of 5G networks, IoT adoption, and growing cybersecurity concerns drive enterprises to outsource network management. Government initiatives promoting digitalization and smart city projects also boost the market, as businesses in diverse sectors seek reliable, secure, and cost-effective network services for seamless connectivity.
Global Managed Network Services Market By Geography
- Largest
- Fastest
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Managed Network Services Market Dynamics
Managed Network Services Market Drivers
MNS Empower Businesses in Dynamic IT Landscape:
- One key driver for the global managed network services market is the increasing complexity of IT infrastructure. As businesses expand their operations, the need for more sophisticated and scalable network solutions grows. Managed services offer centralized management, enabling organizations to focus on core activities while ensuring efficient and secure network performance.
Rising Cybersecurity Threats:
- Another driver is the rise of cybersecurity threats, which pushes companies to adopt managed network services. Businesses increasingly outsource network security to ensure proactive threat monitoring, compliance with regulations, and protection against sophisticated attacks. Managed services provide the expertise and resources needed for comprehensive, real-time security and risk management.
Restraints
Impact of Privacy Concerns and Compliance Adoption:
- A significant restraining factor for the global managed network services market is the concern over data privacy and compliance. Businesses are wary of outsourcing network management due to potential risks associated with third-party access to sensitive information. Regulatory requirements can complicate partnerships, leading to hesitance in adopting managed solutions.
Challenge of Workforce Shortages:
- Another restraining factor is the lack of skilled professionals in the managed services sector. As the demand for advanced network solutions grows, finding qualified personnel to manage and maintain these services becomes challenging. This skills gap can hinder service quality and limit the ability of providers to meet evolving customer needs effectively.
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Managed Network Services Market Competitive Landscape
The competitive landscape of the global managed network services market is characterized by a mix of established players and emerging firms, all striving to innovate and enhance service offerings. Major international companies like Cisco Systems, IBM, AT&T, and Accenture dominate the market, leveraging their extensive expertise in IT infrastructure and cybersecurity. Additionally, firms such as Verizon and Orange Business Services are expanding their portfolios to meet the growing demand for scalable, secure, and efficient managed network solutions across various industries.
Managed Network Services Market Top Player’s Company Profiles
- IBM (US)
- Cisco Systems (US)
- Verizon Communications (US)
- AT&T (US)
- NTT Communications (Japan)
- Orange Business Services (France)
- BT Group (UK)
- CenturyLink (US)
- Deutsche Telekom (Germany)
- Fujitsu (Japan)
- Telefonica (Spain)
- Tata Communications (India)
- Cognizant (US)
- Accenture (Ireland)
- HCL Technologies (India)
- Wipro (India)
- Dimension Data (South Africa)
- Huawei Technologies (China)
- Fujitsu (Japan)
- Infosys (India)
Managed Network Services Market Recent Developments
-
In February 2024, Nokia Corporation (NOK) announced a huge collaboration with Ucom to transform network connectivity in Armenia. This partnership includes upgrading Ucom's nationwide radio access network (RAN) and improving its core and IP network infrastructure to enable the future rollout of 5G services across the country.
-
In February 2024, NTT DOCOMO, INC. and NEC Corporation uncovered their intention to establish a joint venture company named OREX SAI, INC. by April 1. The purpose of this venture is to offer OREX Packages solutions for the comprehensive global deployment of Open RAN services.
-
In March 2024, Kyndryl, an IT infrastructure services provider, and Cloudflare, a cloud specialist, revealed a new global strategic alliance. Their collaboration aims to enhance and secure customers' connectivity to various clouds and data centers.
Managed Network Services Key Market Trends
- Shift toward Cloud-Based Solutions: Increasing reliance on cloud technologies is driving demand for managed network services that offer seamless integration and scalability, enabling businesses to enhance operational efficiency and flexibility.
- Focus on Cybersecurity Integration: As cyber threats escalate, organizations prioritize managed services that incorporate advanced security features, ensuring comprehensive protection and compliance across their network infrastructures.
Managed Network Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global managed network services market is experiencing significant growth driven by increasing IT complexity and rising cybersecurity threats. Businesses are increasingly turning to managed service providers (MSPs) to streamline operations, enhance security, and ensure continuous network monitoring.
While the market faces challenges such as data privacy concerns and a shortage of skilled professionals, the innovations from major players like Cisco, IBM, and AT&T are paving the way for robust solutions. With strong demand across regions, particularly in North America and Asia Pacific, the future of managed network services appears promising as companies adapt to evolving technological landscapes.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 267.4 billion |
| Market size value in 2031 | USD 849.19 billion |
| Growth Rate | 13.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Managed Network Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Managed Network Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Managed Network Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Managed Network Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Managed Network Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Managed Network Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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