Managed Network Services Market by Service, Organization Size, End-Use Vertical, and Region - Global Forecast to 2021

NEW YORK, Feb. 23, 2017 /PRNewswire/ -- Demand for managed network services, greater network accessibility, and superior network security, and the need for improving the business process at a minimum cost are driving the managed network services market"
The managed network services market size is expected to grow from USD 38.60 billion in 2016 to USD 59.38 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 9.0%. The managed network services market is driven by factors such greater network accessibility, management of the complex networks, and the need for improving the business process at a minimum cost. However, the managed network services market lacks in ensuring network security.


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"SMBs are expected to have the largest market share during the forecast period"
SMBs are expected to have the largest market share during the forecast period. SMBs have budget constraints and it is one of the major factors driving them to outsource their network functions to save additional installation, implementation, and maintenance-related expenses. Irrespective of size, both large enterprises and SMBs are selecting managed network services to gain benefits, such as reduction in network downtime and proactive monitoring & maintenance of their networks.

"Managed network security services are expected to grow at the highest CAGR during the forecast period"
The managed network services market of the software solutions is expected to grow at an impressive CAGR during the forecast period. The high demand for network security services with data backup solutions is increasing. The managed network services providers are responsible for creating managed network services, in compliance with the industry requirement and in providing comprehensive support for their clients. The managed network services are beneficial for operational efficiencies along with security, which helps drive new businesses and creates a better experience for end-users. Managed network services have enabled improved transactions such as greater network accessibility and superior network security at a minimum cost.

In the process of determining and verifying the mrket size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:

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