Telecom Managed Services Market To Reach $55.29 Billion By 2030

Telecom Managed Services Market Growth & Trends

The global telecom managed services market size is expected to reach USD 55.29 billion by 2030, registering a CAGR of 13.4% from 2023 to 2030 according to a new report by Grand View Research, Inc. The market growth is attributed to its improved AI-driven automation streamlining network management, enhancing customer support, and optimizing service delivery. As 5G networks gain momentum, managed services are evolving to leverage the full potential of this technology, offering higher speeds, low latency, and improved connectivity. Another emerging trend is the integration of edge computing in managed services, enabling real-time data processing and reducing data transfer time.

Mobile network operators are actively addressing the rising complexity of these networks due to 5G deployment and the need for reliable, secure, and resilient connectivity. Arise in the number of connected devices, the introduction of new technologies, and diverse service requirements contribute to this complexity. As 5G use cases become more advanced, demanding, and crucial, ensuring a secure user experience has become the primary end-user expectation. Mobile operators are also focusing on meeting these expectations to deliver seamless and dependable 5G services to their customers.

The growing focus on data privacy and security, leading to the implementation of advanced cybersecurity solutions within managed services offerings, is also contributing to the growth of the market. The convergence of cloud computing and managed services is also driving innovation, providing businesses with scalable and flexible solutions to meet their communication needs. These trends discreetly pave the way for an agile, efficient, and customer-centric future for telecom managed services.

The outbreak of the COVID-19 pandemic had a positive impact on the market growth. With the pandemic accelerating digital transformation and remote work adoption, the demand for reliable and agile communication solutions skyrocketed. Telecom managed services played a pivotal role in ensuring seamless connectivity, supporting remote workforce communication, and safeguarding data privacy and security. As businesses recalibrated their operations, managed service providers discreetly adapted their offerings to cater to evolving needs, such as enhanced network capacity and remote support capabilities.

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Telecom Managed Services Market Report Highlights

• The managed data center services segment dominated the market in 2022 owing to the increasing adoption of edge computing solutions. Edge computing involves processing data closer to the source, reducing latency, and improving the performance of applications and services

• The cloud segment dominated the market in 2022 owing to the growing adoption of multi-cloud strategies. Businesses are increasingly leveraging multiple cloud service providers to optimize performance, mitigate risks, and enhance flexibility

• The large enterprises segment dominated the market in 2022 as large enterprises are leveraging AI technologies to optimize various aspects of their operations, including communication, network management, and customer support

• North America dominated the market in 2022 owing to the rapid adoption of 5G technology. As North American businesses and consumers demand faster and more reliable connectivity, telecom providers are strategically deploying 5G networks to meet these growing needs

Telecom Managed Services Market Segmentation

Grand View Research has segmented the global telecom managed services market based on service type, deployment, enterprise size, and region:

Telecom Managed Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Managed Data Center Services

• Managed Security Services

• Managed Network Services

• Managed Mobility Services

• Others

Telecom Managed Services Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premise

• Cloud

Telecom Managed Services Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Telecom Managed Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • Kingdom of Saudi Arabia

  • UAE

  • South Africa

List of Key Players of Telecom Managed Services Market

• Cisco Systems, Inc.

• Huawei Technologies Co., Ltd.

• Telefonaktiebolaget LM Ericsson

• Acuity Technologies

• Verizon Communications Inc.

• AT&T Inc

• NTT DATA

• Comarch SA

• Nokia

• Fujitsu Ltd.