The telecom managed service market size was projected to be US$ 22.9 billion in 2023. By the end of 2024, the industry is likely to reach a valuation of US$ 25.5 billion. During the forecast period, the global market for telecom managed service is expected to garner a 12.90% CAGR and reach a size of US$ 85.5 billion by 2034.
Key industry Trends and Highlights
| Attributes | Details |
|---|---|
| Estimated Market Value in 2023 | US$ 22.9 billion |
| Expected Market Value in 2024 | US$ 25.5 billion |
| Expected Market Value in 2034 | US$ 85.5 billion |
| Value based CAGR from 2024 to 2034 | 12.90% |
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| Report Attributes | Details |
|---|---|
| Market value in 2019 | US$ 15.3 billion |
| Market value in 2023 | US$ 22.9 billion |
| CAGR from 2019 to 2023 | 10.60% |
Telecom managed service providers have an opportunity as Internet of Things (IoT) devices become more widely used. To assist the connectivity, administration, and security of the increasing number of IoT devices across several industries, companies may provide specialized services.
Companies can tackle specific difficulties and requirements by customizing managed services for industry verticals like manufacturing, transportation, or healthcare. Customized solutions improve industry-specific knowledge and strengthen value offerings.
Principal Consultant
The table below lists the top five nations expected to forecast prominent growth during the forecast period. Japan and Australia are predicted to have the maximum development among these nations.
Key Market Statistics
Forecast CAGRs from 2024 to 2034
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 10.70% |
| Japan | 12.30% |
| Germany | 14.10% |
| China | 13.40% |
| Australia | 16.40 % |
Below listed are some of the prominent factors in each of the countries that are boosting the regional growth for the telecom managed service market.
The United States telecom managed services market is seeing an increase in cybersecurity risks, which is driving up demand for managed services. Companies are looking for strong managed solutions to improve network security, reduce risks, and guarantee adherence to strict data protection laws, which is indicative of the increased focus on protecting sensitive data in the region.
One major motivator is the continuous rollout of 5G networks, as American telecom companies substantially allocate resources to managed services in order to effectively construct, modernize, and maintain their infrastructure. The complexity and technological nuances involved in the broad adoption of sophisticated 5G technologies have increased demand for telecom managed services.
The emphasis of Japan on disaster resilience has a distinct effect on the regional need for telecom managed services. In order to provide reliable and resilient communication networks that facilitate prompt reaction and recovery in the event of an earthquake, natural catastrophe, or other emergency, telecom providers make use of managed services.
The aging population in Japan is driving the use of managed services to provide innovative medical and smart city solutions. Telecom services are designed to support smart healthcare device connection and help create technologically sophisticated, age-appropriate urban settings.
Industry 4.0 efforts are driving the usage of telecom managed services in Germany. Leading the way in industrial automation, companies use managed services to improve overall operational efficiency across manufacturing and related industries, maximize connectivity, and ease IoT integration.
The need for telecom managed services is influenced by the regional dedication to renewable energy sources. Telecom operators need scalable and effective solutions to handle complex communication networks in the infrastructure of renewable energy as the nation moves toward greener energy, which is driving the market expansion.
The Digital Silk Road plan in China has an impact on the telecom managed services business in the country. One of the main goals of the Belt and Road Initiative is to promote global digital connectivity.
Telecom managed services are essential to helping Chinese companies expand internationally and improving the connectivity infrastructure of the Digital Silk Road.
Australia has a particular need for telecom managed services to provide uninterrupted connectivity in remote places owing to its large and isolated geographical area.
Telecom operators serve distant communities, mining, and agriculture by using managed services. This is to help them overcome the difficulties of maintaining dependable and effective communication networks in sparsely inhabited areas.
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Based on deployment, the market has been segmented into on premise and cloud. A significant market share is likely to be generated by the cloud segment in 2024 with an expected 55% share.
Based on enterprise size, the market has been divided into large enterprises and small and medium sized enterprises. In 2024, the large enterprises segment is forecast to acquire a market share of 68%.
| Category | Market share in 2024 |
|---|---|
| Cloud | 55% |
| Large enterprises | 68% |
The cloud segment by deployment type is expected to acquire a market share of 55% in 2024. In the global telecom managed services market, cloud deployment solutions are in high demand owing to their unmatched flexibility, scalability, and affordability. Telecom companies use cloud technologies to optimize operational efficiency by dynamically adjusting resources based on demand.
The cloud makes it possible to integrate new services with upcoming technologies like 5G seamlessly and to deploy them quickly. It minimizes the chance of interruption by ensuring regional redundancy and improving network security through centralized control. The adaptability of the cloud helps telecom carriers remain competitive as the market changes by providing a future-proof infrastructure that satisfies changing industry and end-user demands.
Based on the service type, the public transportation segment is anticipated to take up a significant global market share. In 2024, the public transportation segment is likely to acquire a 59% global market share.
The need for telecom managed services is driven by large enterprises that are looking for more efficient ways to communicate. To support their extensive activities, these companies need a communication infrastructure that is both scalable and efficient. With the help of telecom managed services, large enterprises can outsource the difficulties of network maintenance, security, and administration to third-party vendors.
This allows companies to take advantage of the most recent innovations and affordable service models while concentrating on their main business operations. Telecom managed services are essential for large enterprises globally, driven by the need for improved connection, collaboration tools, and the quick uptake of new technologies like IoT and 5G.
Companies are using strategic tactics to increase profitability in the fiercely competitive telecom managed services market. Diversifying service offerings to provide end-to-end solutions, such as maintenance, network design, and security, is a crucial strategy. By offering all-inclusive solutions, companies guarantee enduring alliances with telecom providers.
Adopting cutting-edge technologies like edge computing and 5G enables service providers to take advantage of new trends and adapt to changing client demands. Streamlining processes and increasing efficiency, artificial intelligence and automation play a critical role in cost optimization. In the end, profitable businesses in the telecom managed services sector rely on innovation, diversity, and technology. Some of the prominent developments by the key companies in this domain are-
| Company | Key Developments |
|---|---|
| Cisco Systems, Inc. |
|
| Huawei Technologies Co. Ltd |
|
| Attribute | Details |
|---|---|
| Projected market value in 2024 | US$ 25.5 billion |
| Projected market value in 2034 | US$ 85.5 billion |
| Forecast CAGR from 2024 to 2034 | 12.90% |
| Forecast period | 2024 to 2034 |
| Historical period | 2019 to 2023 |
| Market analysis | Value in US$ billion |
| Key regions covered |
|
| Key countries profiled |
|
| Key market segments |
|
| Key companies profiled |
|
The global telecom managed service market is expected to reach US$ 25.5 billion by 2024.
The global telecom managed service market is set to expand at a CAGR of 12.90% by 2034.
The global telecom managed service market is forecast to reach US$ 85.5 billion by 2034.
The cloud segment is projected to gain a 55% share in 2024.
The public transportation segment is likely to acquire a 59% share in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2024 to 2034
5.3.1. Managed Data Centre Service
5.3.2. Managed Security Service
5.3.3. Managed Network Service
5.3.4. Managed Mobility Service
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Service Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Service Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment , 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment , 2024 to 2034
6.3.1. On-premise
6.3.2. Cloud
6.4. Y-o-Y Growth Trend Analysis By Deployment , 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Deployment , 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Size
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Size , 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Size , 2024 to 2034
7.3.1. Large Enterprises
7.3.2. Small & Medium Enterprises
7.4. Y-o-Y Growth Trend Analysis By Enterprise Size , 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Enterprise Size , 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Service Type
9.2.3. By Deployment
9.2.4. By Enterprise Size
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Service Type
9.3.3. By Deployment
9.3.4. By Enterprise Size
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Service Type
10.2.3. By Deployment
10.2.4. By Enterprise Size
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Service Type
10.3.3. By Deployment
10.3.4. By Enterprise Size
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Service Type
11.2.3. By Deployment
11.2.4. By Enterprise Size
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Service Type
11.3.3. By Deployment
11.3.4. By Enterprise Size
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Service Type
12.2.3. By Deployment
12.2.4. By Enterprise Size
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Service Type
12.3.3. By Deployment
12.3.4. By Enterprise Size
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Service Type
13.2.3. By Deployment
13.2.4. By Enterprise Size
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Service Type
13.3.3. By Deployment
13.3.4. By Enterprise Size
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Service Type
14.2.3. By Deployment
14.2.4. By Enterprise Size
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Service Type
14.3.3. By Deployment
14.3.4. By Enterprise Size
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Service Type
15.2.3. By Deployment
15.2.4. By Enterprise Size
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Service Type
15.3.3. By Deployment
15.3.4. By Enterprise Size
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Service Type
16.1.2.2. By Deployment
16.1.2.3. By Enterprise Size
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Service Type
16.2.2.2. By Deployment
16.2.2.3. By Enterprise Size
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Service Type
16.3.2.2. By Deployment
16.3.2.3. By Enterprise Size
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Service Type
16.4.2.2. By Deployment
16.4.2.3. By Enterprise Size
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Service Type
16.5.2.2. By Deployment
16.5.2.3. By Enterprise Size
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Service Type
16.6.2.2. By Deployment
16.6.2.3. By Enterprise Size
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Service Type
16.7.2.2. By Deployment
16.7.2.3. By Enterprise Size
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Service Type
16.8.2.2. By Deployment
16.8.2.3. By Enterprise Size
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Service Type
16.9.2.2. By Deployment
16.9.2.3. By Enterprise Size
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Service Type
16.10.2.2. By Deployment
16.10.2.3. By Enterprise Size
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Service Type
16.11.2.2. By Deployment
16.11.2.3. By Enterprise Size
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Service Type
16.12.2.2. By Deployment
16.12.2.3. By Enterprise Size
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Service Type
16.13.2.2. By Deployment
16.13.2.3. By Enterprise Size
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Service Type
16.14.2.2. By Deployment
16.14.2.3. By Enterprise Size
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Service Type
16.15.2.2. By Deployment
16.15.2.3. By Enterprise Size
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Service Type
16.16.2.2. By Deployment
16.16.2.3. By Enterprise Size
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Service Type
16.17.2.2. By Deployment
16.17.2.3. By Enterprise Size
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Service Type
16.18.2.2. By Deployment
16.18.2.3. By Enterprise Size
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Service Type
16.19.2.2. By Deployment
16.19.2.3. By Enterprise Size
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Service Type
16.20.2.2. By Deployment
16.20.2.3. By Enterprise Size
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Service Type
16.21.2.2. By Deployment
16.21.2.3. By Enterprise Size
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Service Type
16.22.2.2. By Deployment
16.22.2.3. By Enterprise Size
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Service Type
16.23.2.2. By Deployment
16.23.2.3. By Enterprise Size
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Service Type
17.3.3. By Deployment
17.3.4. By Enterprise Size
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Cisco Systems, Inc
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Huawei Technologies Co., Ltd
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Telefonaktiebolaget LM Ericsson
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Acuity Technologies
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Verizon Communications Inc
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. AT&T Inc
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. NTT DATA
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Comarch SA
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Nokia
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Fujitsu Ltd
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Telecom Managed Service Market
