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(Wireless-NewsWire.Com, June 20, 2019 ) According to latest market research report, 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%.
Cost reduction in managing enterprise infrastructure, better focus on core business activities and core strategies, low risk associated with business operations in terms of security, and improved operational efficiency, reliability, and agility in the business process are some of driving forces in the telecom managed services market.
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"
https://www.marketsandmarkets.com/Market-Reports/telecom-managed-services-market-117103536.html
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)
• Verizon (US)
APAC is expected to show the highest growth during the forecast period; the region has encompassed both developed and emergent economy such as Australia, Japan, Korea, India, and New Zealand. China and India are rapidly growing in terms of technology adoption and foreign direct investment. The integration of advanced technologies such as Long Term Evolution (LTE), IoT, and mobility are widely implemented across the region. The growth in APAC is mainly driven by increasing internet and mobile services and establishments of new data centers in China, India, Singapore, and Australia.
The managed data center services segment has the largest market share in the telecom managed services market during the forecast period. Demand for managing data center services is increasing across all the regions. With the proliferation of smartphones and tablets across enterprises and increased use of social media in the consumer segment has resulted in the production of huge amount of data. In addition to this, the IoT is another major area where the amount of data has been generating exponentially day-by-day. These factors drive the demand for managed data center services across the organization.
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