The global managed network services market size was US$ 54.1 billion in 2021. The global managed network services market is projected to grow to US$ 131.7 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2022 to 2030.
Business organizations hire managed service providers (MSPs) in order to administer, monitor, and support their networking applications, operations, and services remotely. Managed network services encompass various types of network access and transport services, from traditional leased WAN and LAN lines to cutting-edge software-defined WAN (SD-WAN) connections.

COVID-19 Impact Analysis
The COVID-19 disease outbreak has significantly changed the corporate structures. Meanwhile, management is deploying advanced technologies to keep up with the pace of evolving industries. As regulations change more often across different nations and regulators seek more openness, managing regulatory responsibilities has grown more challenging. To combat the problem of high cost, companies are undergoing total organizational transformation to survive and thrive in a post-pandemic world. As a result, it will present attractive prospects for the managed network services market even in the coming years.

Factors Influencing the Market
The growing demand to lower capital expenditure will drive the growth of the managed network services market during the study period. Managed Network Services (MNS) prompt businesses to use predictable operating expense (OPEX) models rather than CAPEX. Customers who use MNS save money by eliminating the cost of purchasing their own apps with specific monitoring capabilities. Apart from that, businesses frequently enter into annual or multi-year service agreements with an MSP, which is expected to drive the global managed network services market forward during the analysis period.
The fact that managed network services give SMEs plenty of room to grow and accomplish their goals is projected to benefit the global managed network services market during the analysis period. The predicted sharp increase in IT spending among SMEs will significantly increase the demand for MSPs to expand profit margins. Thus, it will fuel the growth of the managed network services market during the analysis period.
On the flip side, concerns related to data security may limit the growth of the managed network services market.

Regional Analysis
North America is projected to dominate the managed network services market, owing to the early adoption of advanced technologies and rising reliance on cloud technology. Moreover, the presence of various industry giants like Cisco Systems Inc., DXC Technology Company, etc., will contribute to the growth of this regional market. Further, strategic investments, partnerships, and R&D operations will escalate the market growth in the coming years.

Competitors in the Market
Cisco Systems Inc.
Tata Communications Inc.
Colt Technology Services
BT Group PLC
DXC Technology Company
Other Prominent Players

Market Segmentation
The global managed network services market segmentation focuses on Service, Organization, Deployment, Vertical, and Region.
Based on Service Type
Managed LAN/ WPN Networks
Managed Wi-Fi
Managed VPN/ IP
Managed Network Monitoring
Managed WAN
Managed Network Security
Others
Based on Organization Size
Small And Medium-Sized Enterprises
Large Enterprises
Based on Deployment Mode
On-Cloud
On-Premise
Based on Vertical
BFSI
IT & Telecommunications
Retail & E-Commerce
Manufacturing
Healthcare
Government
Others
Based on Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America