PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1858988
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1858988
The Global Managed Network Services Market was valued at USD 66.24 billion in 2024 and is estimated to grow at a CAGR of 5.8% to reach USD 115.83 billion by 2034.

The market is becoming critical for enterprises aiming to simplify and secure their networking infrastructure. Rather than maintaining in-house teams for managing complex networks, companies are increasingly outsourcing to service providers that offer scalable, efficient, and secure solutions. The shift toward software-defined networking models, along with rapid digital transformation across industries, is playing a major role in this growth. Businesses today demand flexible and intelligent connectivity options across geographically dispersed locations, data centers, and cloud platforms. As cloud adoption and remote work continue to rise, organizations are opting for managed services that streamline operations and reduce operational burdens. With the inclusion of AI, automation, and integrated security within network architectures, managed service providers are helping enterprises enhance performance while optimizing costs.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $66.24 Billion |
| Forecast Value | $115.83 Billion |
| CAGR | 5.8% |
The managed WAN segment held a 28% share in 2024 and is projected to grow at a CAGR of 6.4% through 2034. WAN solutions play a crucial role in linking data centers, remote offices, and cloud resources. The demand for robust, scalable, and secure WAN networks continues to rise as companies expand globally and rely more heavily on cloud-based applications. Evolving technologies like SD-WAN are further driving adoption by improving traffic management and offering application-aware routing that enhances performance and reduces costs.
In 2024, the large enterprises segment held a 65% share and is expected to grow at a CAGR of 5.9% through 2034. These enterprises typically operate vast and intricate networks that connect global offices, employees, and infrastructure. Managing such complexity internally demands significant investment and expertise, which is why large corporations turn to managed service providers. Solutions like managed WAN and SD-WAN offer centralized visibility, scalability, and streamlined control, crucial features for enterprises with dynamic operational environments.
North America Managed Network Services Market held a 33% share in 2024, generating USD 21.91 billion. The region benefits from a well-established digital ecosystem, widespread enterprise technology adoption, and strong service provider presence. Companies like IBM, Cisco Systems, Verizon, and AT&T are continuously enhancing their offerings with automation, AI-driven analytics, and cloud-native tools, helping industries like finance, healthcare, logistics, and the public sector stay ahead with next-gen network infrastructure. This environment enables advanced network outsourcing models to thrive, further reinforcing North America's leadership.
Key players operating in the Global Managed Network Services Market include Cisco Systems, Lumen, Verizon, Vodafone, IBM, T-Systems, Orange, BT, AT&T, PCCW, and NTT. To secure a stronger foothold in the managed network services market, companies are focusing on integrated service offerings, AI-driven automation, and cloud-first architecture. Service providers are expanding portfolios to include SD-WAN, managed security, and hybrid cloud networking, aligning solutions with modern enterprise demands. Strategic partnerships with cloud providers and data center operators help extend network reach and improve service delivery. Firms are also investing in intelligent analytics platforms to deliver proactive network monitoring, predictive maintenance, and performance optimization.