Telecom Managed Services Market Trends

Telecom Managed Services Market Overview

According to the latest research report, the worldwide telecom managed services market size is predicted to expand to USD 55.8 billion by the end of the year 2030, at a compound annual growth rate (CAGR) of 13.30 percent during that time.

The telecom managed services assist enterprises with the maintenance of their information technology network, allowing them to concentrate on their core business operations and plans. Managed Services are often provided to cover service responsibilities that are vital to the operation of the company. Companies are increasingly turning to telecom managed services as a means of improving administrative reliability and effectiveness. Managing end-to-end solutions for customers also includes the ability to give active-monitoring capabilities to the offered solutions and the ability to investigate defects and events in a timely manner.

In addition to the increasing need for reducing costs in enhancing corporate networks, making people aware of organizations to concentrate on core strategies and operations are propelling the requirement of the telecom managed services market, which is expected to grow at a compound annual growth rate of 5%. The development of the internet of things well as 5G technologies will open up new opportunities for the worldwide telecom managed services industry, according to the report. The cloud-based network operators, on the other hand, are stifling the expansion of the telecom managed services industry. Despite this, the many advantages of telecom managed services were likely to drive the telecom managed services market demand throughout the forecasting period.

This report contains all the information on the global telecom managed services market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors.

Figure 1: Telecom Managed Services Market Size, 2022-2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Covid 19 Analysis

Nevertheless, as a result of the COVD-19 pandemic, operating services such as telecommunication support services and managed services were disrupted across the world. The present problem brought on by the pandemic is projected to raise challenging scenarios for several contracts in the near term, as companies are forced to rely on member organizations to support their homeworking plans, according to analysts.

Market Dynamic

Drivers:

The telecom segment is a substantial market for managed services, owing to the high speed of development adaptation, the rising prevalence of verification of the Bring Your Own Device (BYOD) policy which makes business units much more comfy and controllable, and the enhanced necessity of high-end security as a result of the speedily rising amount of data being shared among organizations. During the last several years, the telecom sector has seen tremendous expansion.

Opportunities:

In addition, considerations including the constant need for network optimization techniques and the high level of connection speeds, technological advancements such as 5G, SDN, and NFV, increasing mobile phone usage and BYOD developments, and the increasing number of computer hackers will all contribute to the telecom managed services market opportunities over the forecast time frame.

Restraints:

It is anticipated that the market would develop at a slower pace during the projected period due to factors such as safety concerns about sensitive data of organizations that are exporting their operations and ensuring the optimal business functioning for customers, among others.

Challenges:

Since the telecom industry is growing at a faster rate than the rest of the economy, organizations are more reliant on managed service providers. A managed services provider (MSP) assists businesses in achieving good business results by offering a high quality of services. Because they rely on mobile network operators (MNOs) and communications service providers (CSPs) for their income, corporate development, cost reduction, and increased intensity of competition in the telecom industry, the organizations are facing a number of challenges.

Cumulative Growth Analysis

Hughes Network Systems, a significant supplier of satellite navigation services in the United States, is selling its managed services and Software-based wide area network technologies via the COPANET acquisition vehicle. The module makes use of wireline, cordless, and satellite internet systems in order to assist enterprises in modernizing their current network infrastructure. Small and medium-sized businesses (SMEs) are increasingly turning to professional services to save costs and concentrate on the backbone of the company. Management services providers are mostly drawn from the telecom industry as well as non-telecommunications suppliers whose competence is in providing extra services to consumers.

Value Chain Analysis

According to the reports, In terms of service type, organization size, and geography, the worldwide telecom managed services market may be divided into three categories. The managed data center services sector is further subdivided into managed network services and managed cloud services, according to the service type. Managed data and information services,  managed communication services managed mobility services, and managed security services are all examples of managed services. The category is further subdivided into small and medium-sized firms (SMEs) and big organizations (major corporations).

Telecom Managed Services Market Segmentation Overview

The market is segmented on the basis of service type, organization size, and geography. The global telecom managed services market trend is expected to witness decent growth during the forecast period.

By Application:

Based on the application, the market is segmented into Managed data and information services,  managed communication services, managed mobility services, and managed security services.

By End-users:

Based on the propulsion types, the market is segmented into small and medium-sized firms (SMEs) and big organizations (major corporations).

Telecom Managed Services Market Regional Analysis

According to the reports, the worldwide telecom managed services market may be found in North America, Europe, Asia Pacific, and the rest of the globe, among other places. North America is likely to continue to maintain a significant telecom managed services market share during the forecast timeframe. The existence of major companies in the area, as well as an increase in the number of data centers being built, are projected to propel the market forward. The industry in this area is being driven by the requirement for increased organizational effectiveness and dependability in company operations.

During the predicted period, the Europe area is anticipated to have a steady increase. During the projection period, Asia Pacific, on the other hand, is predicted to have rapid expansion. The fast expansion of mobile internet services, as well as the increasing number of data centers being built, particularly in China and India, are pushing the industry in this area. The business in this area is being fueled by the fast growth of technological breakthroughs and the financing granted by the ministry.

Competitive Landscape

A number of significant businesses dominate the global telecom managed services industry, which has been consolidating recently. Due to the massive expenditures being planned in this market by primary suppliers from a variety of verticals, the industry is expected to develop at an amazing pace in the foreseeable future. A variety of natural and inorganic development methods, including as acquisitions and mergers, cooperation and alliances, and partnerships are being used by the major companies to establish a leading foothold in the market and obtain a competitive advantage.

Telecom Managed Services Market Major Key Players:

• Amdocs (U.S.)


• AT&T (U.S.)


• CenturyLink (U.S.)


• Cisco Systems, Inc. (U.S.)


• Comarch S.A. (Poland)


• NTT Data (Japan)


• Ericsson AB (Sweden)


• GTT Communications, Inc. (U.S.)


• Huawei Technologies Co., Ltd. (China)


• IBM (U.S.)


• Sprint.com (U.S.)


• Tech Mahindra (India)


• Unisys (U.S.)


• Verizon (U.S.)


• Others