Managed Application Services Market Primed For Rapid Growth Due To Increasing Adoption Of Cloud-Based Applications

Global Telecom Managed Services Market is accounted for $17.47 billion in 2020 and is expected to reach $56.09 billion by 2028 growing at a CAGR of 15.7% during the forecast period.

Cost reduction in managing enterprise infrastructure, better focus on core business and core activities and demand to minimize the risks associated with business operations are driving the market growth.

However, lack of awareness regarding internal and external threats is hampering the growth of the market.The telecom managed services help organizations in maintaining the IT infrastructure thereby helping organizations to focus on business activities and strategies, to improve flexibility and provide premier customer services, and improve security.

Managed services are typically offered to cover service functions critical to the business and to entail the ability to manage the customer end-to-end solutions by offering active-monitoring features to the provided solution and proactively reporting faults and incidents.Request for Sample with Complete TOC and Figures & Graphs @ https://www.trendsmarketresearch.com/report/sample/13690Based on the service, the managed data center segment is going to have lucrative growth during the forecast period as it is very necessary for business processes to ensure that the data becomes available at any time, whenever required.

Data centers enterprise data storage to MSPs’ storage.

The enterprise customers do not require dedicated servers to store their data while employing managed storage.

SummaryA New Market Study, titled “Telecom Managed Services Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.telecom managed services market are firms which help telecommunication providers in maintaining the IT infrastructure.

It can provide customer solutions by actively monitoring faults and incidents.

High operational costs, complexity of IT infrastructure, and demand for operational efficiency in developing regions can induce a need for telecom managed services.

Market Research Future (MRFR) has compiled a new report on the global telecom managed services market covering drivers, challenges, opportunities, niches, and trends for the period of 2017 to 2023 (forecast period).

The undertaking of infrastructural operations and its maintenance at a cost-economical price and the focus of mobile network operators (MNOs) on core services can bode well for the market.The proliferation of smartphones and other devices and use of social media can influence the market demand.

On the basis of organization size, it is classified into SME and large enterprises.Request a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5838Regional AnalysisThe telecom managed services market are observed in North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

MarketsandMarkets™ forecasts a new market research report on “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 Compound Annual Growth Rate (CAGR) of 13.7%.

Telecom managed services enables service providers around the world to improve their BSS/OSS operations that include revenue assurance, fraud management, asset assurance, cost management, and others.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"Major Key Leaders:The major vendors in the telecom managed services market are Amdocs (US), AT (US), CenturyLink (US), Cisco Systems, Inc. (US), Comarca 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), and Verizon (US).The managed mobility services segment in the telecom managed services markets is projected to grow at the highest rate during the forecast period.

It is very important for the enterprises to have more focus towards the management and security of mobility devices.

The key trends which are driving this market include growing consumption in productivity applications, workforce decentralization, globalization of business, prominence of cloud-based enterprise mobility management, and robust environment for smartphones and tablets across organizationsAsk for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117103536The SMEs segment is expected to grow at the highest CAGR in the telecom managed services market during the forecast period.

The SMEs has the limited in-house network and IT infrastructure capabilities, therefore, they mostly prefer to outsourced managed service from service providers.

The growth in APAC is mainly driven by the increasing internet and mobile services and establishments of new data centers in China, India, Singapore, and Australia.Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/telecom-managed-services-market-117103536.htmlKey Target Audience for Telecom Managed Services MarketCommunications Service ProviderManaged Service ProvidersConsultantsGovernment AgenciesIT Security AgenciesMobile Network OperatorsMobile Virtual Network OperatorsInfrastructure ArchitectsOpen-Source Platform ProvidersSystem IntegratorsExternal Service ProvidersAbout MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

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