Managed Network Services Market Size

Managed Network Services Market size was valued at USD 304.03 Billion in 2023 and is poised to grow from USD 345.68 Billion in 2024 to USD 965.53 Billion by 2032, growing at a CAGR of 13.7% during the forecast period (2025-2032).

Key vendors in Managed Network Services Market are: 'IBM (US)', 'Cisco Systems (US)', 'Verizon Communications (US)', 'AT&T (US)', 'NTT Communications (Japan)', 'Orange Business Services (France)', 'BT Group (UK)', 'CenturyLink (US)', 'Deutsche Telekom (Germany)', 'Fujitsu (Japan)', 'Telefonica (Spain)', 'Tata Communications (India)', 'Cognizant (US)', 'Accenture (Ireland)', 'HCL Technologies (India)', 'Wipro (India)', 'Dimension Data (South Africa)', 'Huawei Technologies (China)', 'Fujitsu (Japan)', 'Infosys (India)'.

One key driver for the global managed network services market is the increasing complexity of IT infrastructure. As businesses expand their operations, the need for more sophisticated and scalable network solutions grows. Managed services offer centralized management, enabling organizations to focus on core activities while ensuring efficient and secure network performance. 

Shift toward Cloud-Based Solutions: Increasing reliance on cloud technologies is driving demand for managed network services that offer seamless integration and scalability, enabling businesses to enhance operational efficiency and flexibility. 

North America dominates the global managed network services market due to its advanced IT infrastructure, widespread cloud adoption, and strong presence of key technology providers. The region’s high concentration of large enterprises, coupled with increasing investments in digital transformation, fuels demand for managed services to streamline network management and enhance security. Additionally, rising cyber threats and stringent regulatory frameworks in sectors like finance and healthcare drive adoption of managed solutions. The proliferation of 5G and IoT technologies further accelerates growth, as businesses seek scalable, secure, and efficient network solutions to support expanding connectivity needs across diverse industries.