Telecom Managed Services Market Analysis

Telecom Managed Services Market Analysis

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Based on enterprise size, the large enterprises segment recorded around 68% of the market share in 2023. Large enterprises, with complex & extensive network infrastructure solutions, often require specialized expertise and resources to efficiently manage their telecommunications. They turn to managed service providers to optimize network performance, enhance security, and ensure compliance with the regulatory standards. As these enterprises expand their operations and digital services, the demand for managed services will continue to rise. This trend is being fueled by the need to efficiently manage vast & intricate telecom networks.
 

Based on services type, the telecom managed services market is divided into managed data center services, managed security services, managed network services, managed mobility services and others. The managed data center services segment held a dominant share in 2023. The managed data center services segment is estimated to see significant growth in the market. Telecom operators are increasingly relying on data centers to support their expanding digital services and network infrastructure.
 

Managed service providers offer specialized expertise in data center operations including maintenance, security, and scalability. As telecom companies seek to reduce operational complexities and focus on core services, the outsourcing of data center management to experts becomes an attractive option, driving segment growth in the market.
 

North America telecom managed services market accounted for 36% of the revenue share in 2023. North America has a highly developed telecommunications infrastructure, making it a hotbed for telecom operators seeking to optimize their services. The rising adoption of advanced technologies, such as 5G, IoT, and cloud computing, is augmenting the need for specialized managed services to support these innovations. Stringent regulatory compliance requirements are driving the demand for managed services to ensure data security & privacy. These dynamics position North America as a significant growth hub for telecom managed services.
 

For instance, in August 2023, VVDN Technologies launched an end-to-end 5G enterprise solution, with ORAN radio units, customized CU/DU, and a 5G core. This comprehensive & secure private 5G solution provides telecom operators and enterprises with a reliable & ready-to-deploy solution to enhance their 5G capabilities & services.