Managed Network Services: Booming Market Offers Businesses Efficiency and Security
The managed network services (MNS) market is experiencing steady growth, projected to reach USD 89.9 billion by 2028 (MarketsandMarkets™ report). This trend reflects the increasing need for businesses to optimize network management and enhance security.
Why Managed Networks?
- Enhanced Efficiency: Businesses gain improved resource utilization and reduced costs by outsourcing network management to Managed Service Providers (MSPs).
- Focus on Core Business: Freeing internal teams from managing technology allows them to concentrate on core competencies.
- Global Reach: MNS offer accessibility to businesses regardless of size, eliminating the need for complex internal infrastructure.
- Cost-Effective Alternative: Compared to in-house management, managed services provide a cost-effective solution, especially for SMEs.
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Security Takes Center Stage:
Managed network security is expected to experience the fastest growth within the MNS market. This surge is driven by the ever-increasing cyber threats that disrupt businesses. Partnering with Managed Security Providers (MSPs) helps organizations:
- Implement robust controls to safeguard networks and data.
- Continuously validate security measures through audits.
- Confidently pursue growth without being burdened by cybersecurity complexities.
Healthcare Embraces Managed Services:
The healthcare sector is projected to witness the fastest growth in MNS adoption. This is fueled by their increasing reliance on technology for:
- Improved care quality
- Minimized costs
- Regulatory compliance
Managed services offer healthcare providers the ability to:
- Manage HIPAA-compliant networks effortlessly.
- Securely deploy and maintain mobile health applications.
- Seamlessly provide internet access to patients and visitors.
Asia Pacific: A Growth Hotspot:
The Asia Pacific region is poised for significant MNS growth driven by factors like:
- High population growth
- Burgeoning economies
- Widespread mobile and internet adoption
This translates to a massive subscriber base with a growing reliance on reliable and secure internet connectivity. As a result, the demand for MNS, particularly managed network security services, is soaring in the region.
Stay Ahead of the Curve:
The MNS market offers a compelling solution for businesses seeking to optimize networks, enhance security, and focus on core objectives. By leveraging managed services, businesses of all sizes can navigate the complexities of modern IT and thrive in the digital age.
Key Players:
The report identifies major players in the MNS market, including IBM, Cisco, Ericsson, Verizon, and Huawei.
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