Telecom Managed Services Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Telecom Managed Services market in 2021?

The global telecom managed services market size in 2021 was valued at USD 60.12 billion. The market is expected to grow at a CAGR of 9.5% from 2021 to 2026. This growth is driven by the increasing demand for outsourcing non-core activities by telecom companies, technological advancements in the telecom industry, and the need to reduce operational costs.

COVID-19 Impact on the Telecom Managed Services Market

The COVID-19 pandemic has had a mixed impact on the telecom managed services market. On one hand, the increased demand for connectivity and communication services during the pandemic has driven the market growth. On the other hand, the economic downturn caused by the pandemic has led some telecom companies to reduce their spending on managed services.

Telecom Managed Services Dynamics

The telecom managed services market is driven by factors such as the increasing complexity of telecom networks, the need for cost savings, and the focus on core competencies by telecom companies. Managed services providers offer services such as network monitoring, security management, and cloud services to help telecom companies optimize their operations.

Segments and Related Analysis

The global telecom managed services market is segmented based on service type, organization size, and end-user. The key service types include managed data center services, managed network services, managed mobility services, and managed communication services. Large enterprises, small and medium-sized enterprises (SMEs), and telecom operators are the primary end-users of telecom managed services.

By Region Analysis

In terms of region, North America dominated the telecom managed services market in 2021, followed by Europe and Asia Pacific. The presence of key market players, technological advancements, and high adoption of managed services in the telecom sector are factors contributing to the growth of the market in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the telecom managed services market include IBM, Ericsson, Cisco, Huawei, Nokia, DXC Technology, AT&T, Verizon, Orange Business Services, and CenturyLink. These companies compete based on their service offerings, technological innovations, and geographic presence.

Recent Happenings in the Telecom Managed Services Market

- In March 2021, Ericsson announced a partnership with Telenor Group to provide managed services for 5G in key European markets. - In June 2021, Cisco launched new managed services for SD-WAN to help telecom operators deliver secure and reliable connectivity services. - In August 2021, IBM acquired Turbonomic to strengthen its managed services and cloud offerings for telecom companies. - In November 2021, Huawei introduced new managed services solutions for network optimization and performance monitoring in the telecom sector.