Telecom Managed Services Market worth 22.58 Billion USD by 2022

According to new market research report "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", 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 CAGR of 13.7%.

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The telecom sector has changed dramatically in the recent years, in terms of advancement in technologies, penetration of data services, tech-savvy customers, and mergers and acquisitions of the key players, which enforced CSPs to realign their business models to deliver a high Quality of Service (QoS) to the customers and achieve a viable growth in business. The industry needs to strengthen its business strategies owing to increased competition from Over-The-Top (OTT) players, high cost of network infrastructure, decline in the core revenue, and business transformation.

The telecom managed services market has been segmented on the basis of service types, organization sizes, and regions. The managed mobility services segment is expected to grow at the highest CAGR during the forecast period, while the managed data center segment is estimated to have the largest market size in 2016, in the telecom managed services market. 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 the organizations.

The Small and Medium Enterprises (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 be 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.

Cost reduction in managing enterprise infrastructure is driving the overall growth of the telecom managed service market

Managed data center

The demand for managing data center services is increasing across all regions. With the proliferation of smartphones and tablets across enterprises, and the increased use of social media in the consumer segment have produced a huge amount of data. In addition, IoT is another major area where the amount of data has been generating exponentially day by day, thus increasing the demand for high-speed processors and storage.

The 15 players profiled in the telecom managed services market include top vanguards, innovators, dynamic, and emerging. The companies are Amdocs (Missouri, US), AT&T (Texas, US), CenturyLink (Louisiana, US), Cisco Systems, Inc. (California, US), Comarch S.A. (Kraków, Poland), Ericsson AB (Stockholm, Sweden), GTT Communications, Inc. (Virginia, US), Huawei Technologies Co., Ltd. (Shenzhen, China), IBM (New York, US), NTT Data (Tokyo, Japan), Sprint.com (Kansas, US), Tech Mahindra (Mumbai, India), Unisys (Pennsylvania, US), Verizon (New York, US), and Windstream (Arkansas, US). These players have adopted various strategies such as new product developments; mergers & acquisitions; partnerships, agreements, contracts, and collaborations; and business expansions to cater to the telecom managed services market.