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on May 6, 2024
Overview and Scope
Telecom managed services refer to the telecom operations handled by a third party. Telecom managed services enable telecom companies to reduce costs, allowing them to focus more on essential business exercises and fundamental techniques.
Sizing and Forecast
The telecom managed services market size has grown rapidly in recent years. It will grow from $22.56 billion in 2023 to $25.95 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to network complexity, focus on core business functions, cost optimization, growing subscriber base, globalization of telecom operations, rapid expansion of mobile services, competitive market dynamics..
The telecom managed services market size is expected to see rapid growth in the next few years. It will grow to $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to focus on quality of service, focus on customer experience management, cybersecurity concerns, demand for network analytics, network slicing implementation, focus on sustainability and green telecom.. Major trends in the forecast period include technological convergence, 5g deployment and network modernization, cloud-native and edge computing integration, internet of things (iot) connectivity management, ai and machine learning for predictive analytics, network function outsourcing, cross-industry collaboration..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/telecom-managed-services-global-market-report
Segmentation & Regional Insights
The telecom managed services market covered in this report is segmented –
1) By Service Type: Managed Data Center, Managed Network Services, Managed Data and Information Services, Managed Mobility Services, Managed Communications Services, Managed Security Services
2) By Deployment Model: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
North America was the largest region in the telecom managed services market share in 2023. The regions covered in the telecom managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing internet penetration is expected to drive demand for telecom managed services in the forecast period. The internet penetration is rising mainly due to the increasing use of smartphones and the growing influence of social networking site. The rapidly growing internet user base generates high demand for managed services for contracts, billing, legacy equipment, user issues and for providing better customer experience. For instance, the number of internet users worldwide increased from 4.02 billion in 2018 to nearly 4.95 billion by 2022. Hence, the growing internet using population is expected to drive the telecom managed services market.
Key Industry Players
Major companies operating in the telecom managed services market report are Fujitsu Limited, DXC Technology Company, Juniper Networks, Cognizant Technology Solutions Corporation, ZTE Corporation, Capgemini SE, Accenture Plc., Tech Mahindra Limited, Huawei Technologies Co. Ltd., Sprint Corporation, Vodafone Idea, Cisco Systems Inc., IBM Corporation, Unisys Corporation, Windstream Holdings Inc., AT&T Inc., Verizon Communications Inc., Comarch SA, HCL Technologies Limited, Amdocs Inc., NTT DATA Corporation, Telefonaktiebolaget LM Ericsson, GTT Communications Inc., CenturyLink, Comcast Corporation, Larsen & Toubro Infotech, Nokia Corporation, Tata Consultancy Services Limited, Wipro Limited, Zayo Group Holdings Inc., Ericsson India Limited, Motorola Inc.
The telecom managed services market report table of contents includes:
1. Executive Summary
2. Telecom Managed Services Market Characteristics
3. Telecom Managed Services Market Trends And Strategies
4. Telecom Managed Services Market - Macro Economic Scenario
5. Global Telecom Managed Services Market Size and Growth
...
31. Global Telecom Managed Services Market Competitive Benchmarking
32. Global Telecom Managed Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Telecom Managed Services Market
34. Telecom Managed Services Market Future Outlook and Potential Analysis
35. Appendix
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