The Global Telecom Managed Services Market is expected to grow at a significant CAGR during the forecast period 2024-2031. Initially, the term managed services mean an application of outsourcing on a protective mode of management duties, strategic method and functions to improve cutting and operation expenses. Whereas, telecom managed services comprises telecom solutions for operational activities. The telecom managed services contribute to improved communication, team collaboration, flexibility, security and comprehensive reporting.
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The major driver associated with the global telecom managed services market is increased operational efficiency, agility and reliability in the business process, improved focus on core activities and core business, reduced cost in managing enterprise infrastructure and in terms of security, minimized risk associated with the business operation. These factors are expected to drive the growth of the global telecom managed services market.
The market sequentially focuses on opportunities to escalate the growth of the global market that is- increasing convergence in technological industries and the major emerging trends including BYOD, IoT, Mobility and 5G networks infrastructure. If the telecom managed services were enabling to meet the rising demand technological industries during the forecast period it will positively impact the market growth and is expected to propel the trends and revenues of the global market. Additionally, contributing to the upcoming emerging trends like BYOD, IoT, Mobility and 5G network will also be responsible to drive the market growth.
Besides, the rising adoption of wide-area network (WAN) and local area network (LAN) of communication systems promotes growth opportunities for the global telecom managed services market. The small and medium enterprises increasingly adopting cloud computing devices and the rising government expenditure for the development of information, communication and technology (ICT) infrastructure, will further register lucrative growth of the global telecom managed services market.
In February 2020, Nokia Corporation announced a partnership with Rakuten Mobile, the Japan-based telecom operator, to authorize the implementation of automated operations environment for the 5G era. As of November 2019, Orange announced a partnership with Ericsson to propel the product portfolio. And by April 2019, Bharti Airtel, The Indian service provider announced a partnership with Cisco intending to provide networking as well as connectivity services to enterprise and small-medium business clients.
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Market Coverage
- Segment Covered-
o By Service Type
o By Organization Size
- Competitive Landscape- AT&T, CenturyLink, Cisco Systems Inc, Comarch S.A., Ericsson AB.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Managed Services Market by Segment
By Service Type
- Managed Data Center
- Managed Network Services
- Managed Data and Information Services
- Managed Mobility Services
- Managed Communications Services
- Managed Security Services
By Organization Size
- Small And Medium-Sized Enterprises
- Large Enterprises
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