MarketsandMarkets™ forecasts a new market research report on “The telecom managed services market size is estimated to grow from USD 11.90 billion in 2017 to USD 22.58 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.7%. Telecom managed services enables Communication Service Providers (CSPs) to successfully encounter the ever changing business, technology, and customer requirements. Managed services also provide real-time customer experience while enhancing their service agility, operational efficiency, and profitability. Telecom managed services enables service providers around the world to improve their BSS/OSS operations that include revenue assurance, fraud management, asset assurance, cost management, and others.
Browse 79 market data tables and 72 figures spread through 146 pages and in-depth TOC on "Telecom Managed Services Market by Service Type (Managed Data Center, Managed Network, Managed Data and Information, Managed Mobility, Managed Communication, and Managed Security), Organization Size, and Region - Global Forecast to 2022"
Major Key Leaders:
The major vendors in the telecom managed services market are Amdocs (US), AT&T (US), CenturyLink (US), Cisco Systems, Inc. (US), Comarch S.A. (Poland), Ericsson AB (Sweden), GTT Communications, Inc. (US), Huawei Technologies Co., Ltd. (China), IBM (US), NTT Data (Japan), Sprint.com (US), Tech Mahindra (India), Unisys (US), and Verizon (US).
The managed mobility services segment in the telecom managed services markets is projected to grow at the highest rate during the forecast period. Enterprise mobility is prevalent in the organization due to the increasing trend of BYOD and Corporate Owned Personal Device (COPD) across the globe. It is very important for the enterprises to have more focus towards the management and security of mobility devices. The key trends which are driving this market include growing consumption in productivity applications, workforce decentralization, globalization of business, prominence of cloud-based enterprise mobility management, and robust environment for smartphones and tablets across organizations
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The SMEs segment is expected to grow at the highest CAGR in the telecom managed services market during the forecast period. With the increasing number of SMEs worldwide, the requirement of managed services is also increasing. The SMEs has the limited in-house network and IT infrastructure capabilities, therefore, they mostly prefer to outsourced managed service from service providers. Managed services have become the central part of the business process due to its flexibility and ease of use and are expected to grow in the coming years.
Asia Pacific (APAC) is expected to be the fastest-growing region in the telecom managed services market during the forecast period. The enormous population in this region has led to an extensive pool of telecom companies. In APAC, the organization is rapidly adopting managed service for managing their network, IT services, data center, security, and BSS/OSS services. The advent of technologies such as cloud and mobility has been impacting the managed services market. SMEs are rapidly outsourcing ICT services owing to flexibility, convenience, and low-cost factor. The growth in APAC is mainly driven by the increasing internet and mobile services and establishments of new data centers in China, India, Singapore, and Australia.
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Key Target Audience for Telecom Managed Services Market
- Communications Service Provider
- Managed Service Providers
- Government Agencies
- IT Security Agencies
- Mobile Network Operators
- Mobile Virtual Network Operators
- Infrastructure Architects
- Open-Source Platform Providers
- System Integrators
- External Service Providers
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