The companies always go through a tight financial budget during an economic slowdown. The unwanted expenses are supposed to the cut down by the companies to avoid financial loss. The reduction in operational costs is the main to the enterprise during slack in the economic condition. The IT department of the companies handle’s the network by the traditional method that is, in-house network services. These in- house network services require a lot for cost to establish an IT network infrastructures and train labors to be fully qualified and skilled to handle the clients requests.
The companies cannot effort the in-house network services which tight financial budgets. The companies might lose their clientele due to inefficient service and bear the loss. The outsourced managed services give the companies benefit of full client satisfaction and increase profits. With the tight budget cuts the managed network services offers reduction in operational costs, this helps the companies to concentrate more in their core businesses and increase profits. The managed network services also increases the workforce capabilities which reflects in the increase in the productivity.
This report provides a detailed analysis of the markets for all the service types of managed network services such as design, implementation, monitoring and, support and maintenance services. It includes detailed analysis of managed network services components such as managed LAN/WAN networks, IP telephony, IP/VPN, Ethe rent Links, and video conferencing/telepresence. The geographical split across the globe includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The report’s strategic section sketches the competitive scenario in the managed network service market.The notable market players in this domain include Alcatel Lucent, IBM, Ericsson, Accenture, and AT&T.
MarketsandMarkets expects this market to grow from $30.67 billion in 2014 to $50.83billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 10.6% from 2014 to 2019. Asia-Pacific is the growing market for managed network services market, on the other hand Middle East and Africa is emerging as the next biggest market.
The Managed Network Services market is broadly segmented by type of its service types: Managed network design services, Managed network implementation services, Managed network monitoring services and, Support & maintenance services; By Components: Managed LAN/WAN Networks, Managed IP Telephony, Managed IP/VPN, Managed Ethernet links, and managed video conferencing/ telepresence. By Organization Size: Small Businesses, Medium Businesses, and Large Enterprises; By Verticals: Banking financial services and insurance (BFSI), Retail, Healthcare & life sciences, Telecommunication & IT, Energy & resources, Public sector, Media & business services, Transport & logistics, and Manufacturing industries; By regions: North America (NA), Asia-Pacific (APAC), Europe, Latin America (LA), Middle East and Africa (MEA).