A $76.3 Billion Global Opportunity for Managed Network Services by 2026 - New Research from StrategyR
SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/-- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Managed Network Services - Global Market Trajectory & Analytics" .
SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Managed Network Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 10562
Companies: 53 - Players covered include Accenture PLC; Alcatel-Lucent Enterprise; AT&T, Inc.; Cisco Systems, Inc.; Ericsson AB; HCL Technologies Ltd.; Hewlett Packard Enterprise Development LP (HPE); Huawei Technologies Co., Ltd.; IBM Corporation; LG Networks, Inc.; Wipro Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Service (Managed Internet Access and Network Provisioning, VPN, Data Storage, Network Monitoring, Network Security, Hosted IT Telephony, Other Services); Vertical (Telecom & IT, Retail & eCommerce, Media & entertainment, BFSI, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Managed Network Services Market to Reach $76.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Managed Network Services estimated at US$48.5 Billion in the year 2020, is projected to reach a revised size of US$76.3 Billion by 2026, growing at a CAGR of 7.7% over the analysis period. Managed Internet Access and Network Provisioning, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$22.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the VPN segment is readjusted to a revised 8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.8 Billion in 2021, While China is Forecast to Reach $13.3 Billion by 2026
The Managed Network Services market in the U.S. is estimated at US$15.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.3 Billion by the year 2026 trailing a CAGR of 7.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.
Data Storage Segment to Reach US$9.5 Billion by the year 2026
In the global Data Storage segment, USA, Canada, Japan, China and Europe will drive the 7.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.8 Billion in the year 2020 will reach a projected size of US$8.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
