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. 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.
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.
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
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. Telecom Managed Services Market: Service Type Estimates & Trend Analysis
Chapter 5. Telecom Managed Services Market: Deployment Estimates & Trend Analysis
Chapter 6. Telecom Managed Services Market: Enterprise Size Estimates & Trend Analysis
Chapter 7. Telecom Managed Services Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Telefonaktiebolaget LM Ericsson
- Acuity Technologies
- Verizon Communications Inc.
- AT&T Inc
- NTT DATA
- Comarch SA
- Nokia
- Fujitsu Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 20.67 Billion |
| Forecasted Market Value ( USD | $ 55.29 Billion |
| Compound Annual Growth Rate | 13.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
