Summary
A New Market Study, titled “Telecom Managed Services Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
telecom managed services market are firms which help telecommunication providers in maintaining the IT infrastructure. It can provide customer solutions by actively monitoring faults and incidents. High operational costs, complexity of IT infrastructure, and demand for operational efficiency in developing regions can induce a need for telecom managed services. Market Research Future (MRFR) has compiled a new report on the global telecom managed services market covering drivers, challenges, opportunities, niches, and trends for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effect on the industry have been included in the report.
Market Scope
The telecom managed services market are expected to grow up to USD 26 billion at CAGR 14% through the forecast period. Rising demand for cutting costs on management of enterprise infrastructure and need for operational security and efficiency can drive market demand. Evolution of IoT and 5G can create lucrative opportunities for the market. The undertaking of infrastructural operations and its maintenance at a cost-economical price and the focus of mobile network operators (MNOs) on core services can bode well for the market.
The proliferation of smartphones and other devices and use of social media can influence the market demand. SMEs are adopting managed services and implementation of mobility and security services, data center management, and network management. Compliance to changing laws and reduction of operational expenditure can drive the market demand over the forecast period. Emergence of BYOD and corporate owned devices, consumption of productivity apps, and prominence of cloud mobility management can favor the market.
But cloud service providers and lack of data security can impede the market’s expansion.
Segmentation
On the basis of service type, the segment is further classified into managed mobility services, managed data center, managed network services, managed data & information services, managed communication services, and managed security services.
On the basis of organization size, it is classified into SME and large enterprises.
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Regional Analysis
The telecom managed services market are observed in North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is expected to hold major market share and is expected to continue through the forecast period. The presence of key players in the region, rising in the deployment of data centers are expected to drive the market. The need for improved operational efficiency and reliability in the business processes are driving the market in this region. Europe region is expected to show decent growth during the forecast period.
However, Asia Pacific is expected to show high growth rate during the forecast period. The rapid increase of internet and mobile services and rise in deployment of data centers especially in China and India are driving the market in this region. The rapidly growing technology developments and government funding are fueling the market in this region. Establishment of IT enabled centers and delivery centers coupled with digitization of processes by various industry vertical can propel the regional market growth. The evolution of technology and cloud-based services for compliance to service and security can bolster its demand.
Competitive Landscape
GTT Communications, Inc., NTT Data, CenturyLink, AT&T, Huawei Technologies Co., Ltd., IBM, Verizon, Ericsson AB, Comarch S.A., Tech Mahindra, Cisco Systems, Inc., Amdocs, Unisys, and Sprint.com are key players of the global telecom managed services market.
Major Key Points in Table of Content
1 Executive Summary
2 The Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Vertical Overview Of Global Telecom Managed Services Market
6 Market Trends
By Service Type
By Organization Size
By Region
Company Landscape
Company Profiles
12 Conclusion
Continued….
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Telecom managed services enables Communication Service Providers (CSPs) to successfully encounter the ever changing business, technology, and customer requirements.
Telecom managed services enable service providers around the world to improve their BSS/OSS operations that include revenue assurance, fraud management, asset assurance, cost management, and others.
The telecom managed services market includes various managed services such as managed data center, managed network services, managed mobility services, and managed security services.
Cost reduction in managing enterprise infrastructure, minimize the risk associated with business operations in terms of security, and increased operational efficiency of business systems are the prime factors, which will drive the adoption of telecom managed services.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117103536The 14 players profiled in the telecom managed services market include top vanguards, innovators, dynamic, and emerging.
These players have adopted various strategies, such as new product developments; business expansions; mergers & acquisitions; and partnerships, agreements, and collaborations to achieve growth in the global telecom managed services market.Ericsson is an eminent player in the telecommunication industry.
The company is currently focusing on serving its customers with highly competent technology-enabled products in managed services to sustain in the competition.
This report gives a critical overview of every market segment categorized in terms of market size, share, and regional analysis of the Telecom Managed Services sector.
Through the statistical analysis performed in the report, it is visible that the market will continue to grow at a steady pace in the coming years, alongside the changing market dynamics.The Telecom Managed Services Market Research Report 2019 gives an extensive evaluation of the industry to help the reader gain the upper hand in the competitive landscape by employing optimal tactics and understanding the essential market elements in the Telecom Managed Services sector.
To get a Free Sample PDF Brochure of the Telecom Managed Services Market Research Report, Visit @ https://www.reportsanddata.com/sample-enquiry-form/1092 The research study offers a comprehensive outlook of the current market scenario to help companies operating in the Telecom Managed Services market boost their business activities and overall growth.
Apart from this, the report also gives extensive and descriptive company profiles of the leading companies in the Telecom Managed Services market that control a majority of the Global market share comma along with product innovation, product launches, and expansion strategies adopted by these companies to stay ahead in the competition, among other such market details.
It gives valid and verified information collected from authentic sources to draw an accurate competitive landscape of the Telecom Managed Services market on both the regional and global levels to enable companies to maximize their return on investments.Leading Players included in the Telecom Managed Services report are:AT (Texas, US), Amdocs (Missouri, US), Cisco Systems, Inc. (California, US), CenturyLink (Louisiana, US), Ericsson AB (Stockholm, Sweden), Comarch S.A. (Kraków, Poland), Huawei Technologies Co., Ltd. (Shenzhen, China), GTT Communications, Inc. (Virginia, US), NTT Data (Tokyo, Japan), IBM (New York, US), Tech Mahindra (Mumbai, India), Sprint.com (Kansas, US), Verizon (New York, US), Unisys (Pennsylvania, US) and Windstream (Arkansas, US) among other players.
Telecom Managed Services Market Basic Segmentation: Types included in the Report are:Managed Data CenterManaged ColocationManaged HostingManaged Storage Applications included in the Report are:Small and Medium EnterprisesLarge Enterprises Get the Discount on the Telecom Managed Services Report @ https://www.reportsanddata.com/discount-enquiry-form/1092 Additionally, the report categorizes the market into different segments of the Telecom Managed Services market and breaks down the details into various segments and subsequent for or better understanding.
Global Telecom Managed Services Market is accounted for $17.47 billion in 2020 and is expected to reach $56.09 billion by 2028 growing at a CAGR of 15.7% during the forecast period.
Cost reduction in managing enterprise infrastructure, better focus on core business and core activities and demand to minimize the risks associated with business operations are driving the market growth.
However, lack of awareness regarding internal and external threats is hampering the growth of the market.The telecom managed services help organizations in maintaining the IT infrastructure thereby helping organizations to focus on business activities and strategies, to improve flexibility and provide premier customer services, and improve security.
Managed services are typically offered to cover service functions critical to the business and to entail the ability to manage the customer end-to-end solutions by offering active-monitoring features to the provided solution and proactively reporting faults and incidents.Request for Sample with Complete TOC and Figures & Graphs @ https://www.trendsmarketresearch.com/report/sample/13690Based on the service, the managed data center segment is going to have lucrative growth during the forecast period as it is very necessary for business processes to ensure that the data becomes available at any time, whenever required.
Data centers enterprise data storage to MSPs’ storage.
The enterprise customers do not require dedicated servers to store their data while employing managed storage.
Global Telecom Managed Services Market Research Report – by Service (managed data center, managed network services managed data and information services, managed mobility services), by Organization Size (SME, large enterprises), Region – Forecast till 2023Market HighlightsThe rising adoption of telecom managed services among SME to lower operational and capital expenditures are primarily driving the global telecom managed service market.The global telecom managed services market is segmented into service type, organization size, and region.
However, lack of data security in data managed services is restraining the market growth.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5838Key playersSome of the key players in the global telecom managed service are Amdocs (U.S.), AT (U.S.), CenturyLink (U.S.), Cisco Systems, Inc. (U.S.), Comarch S.A. (Poland), Ericsson AB (Sweden), GTT Communications, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), IBM (U.S.), NTT Data (Japan), Sprint.com (U.S.), Tech Mahindra (India), Unisys (U.S.) Verizon (U.S.) and others.
The key players in the market are constantly innovating and involving in various research and development activities to generate cost-effective product portfolio.Some of the key innovators in the global managed services are Ericsson (Sweden), Comarch (Poland), Subex Limited (India), Vertek Corporation (U.K), Atos (France), AireSpringt (U.S.), nexogy (U.S.), KOBARGO TECHNOLOGY PARTNERS (U.S.), Adaptis Mobile (U.S.), Now Telecom (Australia), Computer Services, Inc. (U.S.), WATEEN TELECOM (Pakistan), Voice & Data Solutions (Ireland) and others.There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.Regional AnalysisBy geography, the market is studied in North America, Europe, Asia Pacific and rest of the world.
Among these regions, the market is majorly dominated by North America at present due to a higher concentration of telecom managed service providers in countries like the U.S. and Canada.
Due to this, major contribution is made by the U.S., particularly in the managed data and network services.On the other hand, Europe is expected to show a decent growth considering the telecom managed services market.
Europe has acquired a second place in the market.
