From GlobeNewswire: 2025-02-17 10:00:00

The Managed Network Services Market was valued at USD 66.22 Billion in 2023, projected to reach USD 122.77 Billion by 2032, with a 7.1% CAGR. Demand is driven by the need for secure, scalable, and cost-effective networking solutions, particularly in cloud services and cybersecurity. Major players include IBM, Cisco, and Verizon.

In the Managed Network Services Market, Managed LAN currently dominates with a 27% market share, while Managed Wi-Fi is expected to grow at a CAGR of 8.59%. Managed Firewall holds the largest market share in network security at 43%, with Managed IDS/IPS showing strong growth potential at 8.12% CAGR.

The BFSI sector holds a 25% market share in the Managed Network Services Market, driven by the need for secure network infrastructures. Retail & Ecommerce is projected to grow at a 9.64% CAGR due to demand for high-performance networks. North America leads in market share, while Asia Pacific is the fastest-growing region with an 8.72% CAGR. The Managed Network Services Market Analysis Report for 2024-2032 is available for access. For more details or customization, contact [email protected]. SNS Insider offers consulting services like Go To Market Assessment, Total Addressable Market (TAM) Assessment, and Competitive Benchmarking. The company aims to provide clients with up-to-date market data and consumer insights to make informed decisions confidently.



Read more at GlobeNewswire: Managed Network Services Market Size to Surpass USD 122.77