Telecom Managed Services Market Size And Forecast

Telecom Managed Services Market size was valued at USD 21.70 Billion in 2022 and is projected to reach USD 60.88 Billion by 2030, growing at a CAGR of 13.77% from 2024 to 2030.

The Global Telecom Managed Services Market has witnessed strong growth owing to the increasing attention on core business and core activities. In addition, cost-effectiveness for managing enterprise infrastructure is also driving market growth. Moreover, the demand for managing data center services is expanding across all regions. The Global Telecom Managed Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Telecom Managed Services Market Definition

Managed Service is the practice of outsourcing on a proactive basis of management duties and functions and a strategic method for enhancing operations and cutting expenses. Telecom managed services provide telecom solutions for operational activities and just concentrate on their core business functions. Telecom Managed Service helps the telecom industry, helping them with enhanced communication, enhanced team collaboration, improve flexibility, comprehensive reporting, provides premier customer services and improves security. The requirement for operational effectiveness and security is pushing organizations to adopt telecom-managed services. Managed Services also involve the ability to handle the customer end-to-end solutions by providing active-monitoring features to the provided solution and proactively reporting faults and incidents.

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Global Telecom Managed Services Market Overview

The Global Telecom Managed Services Market is principally driven by increasing attention on core business and core activities. In addition, cost-effectiveness for managing enterprise infrastructure is also driving market growth. Moreover, the demand for managing data center services is expanding across all regions. The proliferation of smartphones and tablets in enterprises and the expanded use of social media in the consumer segment have created a huge amount of data.

Besides, IoT is another major area where the value of data has been making exponentially day by day, thus raising the demand for high-speed processors and storage. Also, business processes are observing rapid advancements, and organizations are now extremely dependent on managed service providers. This is driving the growth of the telecom-managed service market.

Furthermore, with the advancement in the business sector, the competitive landscape has become difficult. Under these conditions, managed services are becoming common as the services allow enterprises to reduce capital expenditures. Telecom managed services is one such service and predominantly deploys maintenance and development of the routine business processes of the enterprise network infrastructure and services.

These services provide telecom businesses to gain huge outcomes through a series of unparalleled services. This is expected to drive the growth of the market over the coming years. However, cloud-based service providers are limiting the market growth for telecom-managed services. Nevertheless, numerous benefits of telecom-managed services are anticipated to boost the market forecast period.

Global Telecom Managed Services Market Segmentation Analysis

The Global Telecom Managed Services Market is segmented on the basis of Service Type, Organization Size, and Geography.

Telecom Managed Services Market, By Service Type

• Managed Communications Services
• Managed Data Center
• Managed Data and Information Services
• Managed Security Services
• Managed Mobility Services
• Managed Network Services
• Others

Based on Service Type, the market is bifurcated into Managed Communications Services, Managed Data Centers, Managed Data and Information Services, Managed Security Services, Managed Mobility Services, Managed Network Services, and Others. The Managed Data Center segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the growth of the segment are associated with the growing demand for managed data centers globally. The growing use of smartphones and tablets as well as the production of a lot of data as a result of this.

Telecom Managed Services Market, By Organization Size

• Large Companies
• Mid-sized Companies
• Small Companies

Based on Organization Size, the market is bifurcated into Large Companies, Mid-sized Companies, and Small Companies. The Large Companies segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the growth of the segment are associated with the growing inclination of large enterprises on the managed services to efficiently control their infrastructure, decrease capital expenditures, minimize support staff, and seamlessly operations of everyday business processes.

Telecom Managed Services Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Based on geography, the Global Telecom Managed Services Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for the largest market share in the Global Telecom Managed Services Market during the forecast period. The factors driving the growth of the market in the region are technological advancements, the appearance of telecom giants in the region, and rising incidences of data theft and cybersecurity attacks. However, the Asia Pacific region is considered to show notable growth over the projected timeline due to technological developments in the region’s advanced and developing nations.

Key Players

The “Global Telecom Managed Services Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Ericsson AB, IBM Corporation, NTT Data Corporation, Huawei Technologies Co Ltd, Tech Mahindra Limited, GTT Communications Inc, Verizon Communications Inc, Sprint.Com, AT&T Inc, Comarch SA, Cisco Systems, Inc, Centurylink, Amdocs Inc, Unisys.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• Agility Communications Group, a provider of telecom services, was acquired by BlackPoint IT Services in 2022. The primary purpose for doing this is to give end-to-end telecom services and capabilities that are even more extensive to help their clients in the United States and their branch offices in Asia and Europe.
• As part of their flagship retail program, Verizon and Nova Credit, the top consumer-permission credit agency in the world, declared in August 2022 that they had expanded their collaboration to provide foreign credit checks for customers who were new to the country over the phone and in some Verizon stores. Verizon will be able to access prospective clients’ international credit files and translate them into credit ratings that may qualify them for financing with the aid of this collaboration.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of product, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Telecom Managed Services Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Telecom Managed Services Market, gauge the attractiveness of a certain sector, and assess investment possibilities.