PUBLISHER: TechSci Research | PRODUCT CODE: 1881566
PUBLISHER: TechSci Research | PRODUCT CODE: 1881566
We offer 8 hour analyst time for an additional research. Please contact us for the details.
The Global Managed Network Services Market, valued at USD 64.90 Billion in 2024, is projected to experience a CAGR of 14.1% to reach USD 143.21 Billion by 2030. Managed Network Services (MNS) entail the outsourcing of network infrastructure management, monitoring, and optimization to a third-party provider, encompassing aspects from foundational connectivity to advanced security and cloud integration. The market's expansion is fundamentally propelled by the escalating complexity of IT environments, the critical imperative for robust cybersecurity defenses, the widespread pursuit of digital transformation initiatives, and the strategic objective of achieving enhanced operational efficiencies and cost reduction.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 64.90 Billion |
| Market Size 2030 | USD 143.21 Billion |
| CAGR 2025-2030 | 14.1% |
| Fastest Growing Segment | Small & Medium Enterprises (SMEs) |
| Largest Market | Asia Pacific |
Key Market Drivers
The Global Managed Network Services Market is experiencing robust expansion driven by enterprises seeking to optimize their network operations and strategically leverage external expertise. This trend is evident in the increasing adoption of cloud-centric platforms that underpin managed services. According to Hewlett Packard Enterprise, in February 2024, their HPE GreenLake platform achieved an annual revenue run rate exceeding $775 million, serving over 1,200 business customers. This highlights a broader industry shift towards comprehensive, outsourced network management solutions that deliver enhanced agility and operational efficiency across diverse IT environments.
Key Market Challenges
The prevalent concern surrounding data privacy and adherence to stringent regulatory compliance presents a significant impediment to the growth of the Global Managed Network Services Market. Organizations are increasingly hesitant to outsource sensitive network operations to external providers due to the substantial risks of data breaches, potential penalties for non-compliance, and perceived loss of control over critical information. This apprehension leads many businesses to retain network management internally, even amidst increasing IT environment complexities, thus limiting the expansion opportunities for managed services providers.
Key Market Trends
The Global Managed Network Services Market is significantly influenced by the accelerating adoption of AI-driven network automation. Enterprises are increasingly leveraging artificial intelligence to streamline complex network operations, enhance efficiency, and minimize human intervention. This trend is crucial for managing modern networks, which demand real-time adaptability and error reduction. According to AIIM, in December 2024, only 3% of organizations reported achieving advanced automation through Robotic Process Automation and Artificial Intelligence/Machine Learning technologies within their teams or departments, indicating substantial room for growth in this area. The deployment of such solutions promises tangible operational benefits, with Nokia announcing in September 2024, that its AI-era Event-Driven Automation platform could decrease operational effort by up to 4% in data center network operations.
In this report, the Global Managed Network Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Managed Network Services Market.
Global Managed Network Services Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: