GAITHERSBURG, Maryland, Sept. 19, 2019 /PRNewswire/ -- According to Stratistics MRC, the Global Telecom Managed Services Market is accounted for $11.25 billion in 2017 and is expected to reach $39.52 billion by 2026 growing at a CAGR of 14.9% during the forecast period.
Some of the key players in the Telecom Managed Services market include Hewlett-Packard, AT&T, International Business Machines Corporation, Accenture, Huawei Technologies Co., Ltd., Microsoft, Cisco Systems, Inc., TCS, Unisys, Wipro, Tech Mahindra Limited, NTT Data Corporation, Ericsson, Fujitsu and GTT Communications, Inc.
Increased need for operational efficiency, cost decrease in managing enterprise infrastructure and increasing consumption in productivity applications are some of the key factors propelling the market growth. However, privacy and security issues are one of the major factors restraining the market. Huge demand for cloud-based offerings will be a key trend for market growth.
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Telecom operators have been the traditional customers for Managed Services. Managed services is a general phenomenon for CSPs to move their Capital Expenditure (CapEx) model to Operational Expenditure (OpEx) model in order to achieve operational efficiency in the business processes. It mostly includes maintenance and operation of the day-to-day business processes of enterprises network infrastructure and services. Managed Services providers are both players of telecom equipment that leverage their expertise to supply additional services to customers, and other player's non-traditional telecom vendors.
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Small and Medium Enterprises are adopting managed services for managing and operating their business infrastructure including network implementation, data centre management, mobility, and security services. With the increasing number of SMEs universally, the necessity of managed services is also growing.
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Asia Pacific is anticipated to grow at the highest CAGR during the forecast period due to the rising internet & mobile services and establishments of new data centres. China and India are rapidly growing in terms of technology adoption and foreign direct investment.
Organization Sizes Covered:
- Large Enterprises
- Small and Medium Enterprises
Service Types Covered:
- Managed Communication Services
- Managed Security Services
- Managed Data Center
- Managed Data and Information Service
- Managed Mobility Services
- Managed Network Services
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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- Strategic recommendations in key business segments based on the market estimations
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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