Increasing need for significant operational cost reductions, growing adoption of business analytics and cloud computing. The adoption of managed network services is thus included with a number of industry-specific factors including but not limited to growing business performance and customer satisfaction. Fact.MR envisages CAGR in the range of 8% to 9% throughout the period of forecast, 2018-2028 . The sales of managed network services during the said time are expected to surpass US $ 120 Bn by end of 2028, says Fact.MR report.
Adoption of managed network services is likely to spike during the forecast period on the back of their application in Big Data analytics to hybrid cloud and from e-commerce to hosting. In addition, emerging novel technologies such as Internet of Things (IoT) and Software Defined Networking (SDN) are likely to create potential for future growth.
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Sale of managed network services as well as managed VPNs are estimated to be used across a cohort of industrial applications as they provide enhanced security and high control on business operations. 2088. Demand for managed security services . US $ 45 By the end of 2018, dominance over the managed network services market and it is likely to retain its status through 2028. Demand for managed security services It is therefore projected to expand at a significant rate of over 10% during the period of the forecast as they provide efficient routine management and monitoring of an organization’s security process. In addition, they provide close monitoring of advanced threats and facilitate automation of an organization’s vulnerability management.
A paradigm shift from private to public cloud is expected to provide significant growth opportunities for sales of managed network services. Albeit a similar cloud computing offering, private cloud infrastructure requires sophisticated virtualization, resource monitoring and technical automation. Public cloud platform offers savings than private cloud. Managed Service Providers As the shift is becoming to age-related decisions and increases data inflow.
Demand of managed network services are likely to be a trace among small and medium business enterprises (SMBs). Low budget allocation in SMBs has triggered outsourcing of network functions in a bid to save additional costs as a result of increasing and increasing flexibility of operations. On the other hand, the large scale enterprises are estimated to be in the process of increasing their energy consumption.
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Recent technological breakthroughs in the telecommunications space have accelerated the demand for new managed network services. Against the backdrop of these benefits, significant investments have been made in the IT and telecommunications, retail, BFSI and public sectors are likely to present
Demand of managed network services are expected to grow at a significant pace in the emerging economies of Asia excluding Japan (APEJ) as China and India during the period of forecast. Growing manufacturing sector and significant developments in BFSI, banking and retail sectors are expected to augment the growth of managed network services in APEJ. However, developed countries of North America, especially the United States are likely to showcase their IT infrastructure in the country.
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