Managed Network Services Market, By Geography; Service Type; Organization Size; Vertical - Industry Trends and Global Forecast to 2024
Market Definition: Global Managed Network Services Market
A managed network service is the service provided, operated, managed by a third-party service provider. This service is delivered as a cloud infrastructure service or installed and managed in-house by the service provider. It is widely applicable in telecommunication and IT, retail and ecommerce, government and utilities, media and entertainment, healthcare, banking, financial services, and insurance, industrial manufacturing, and others. Need to reduce deployment cost may act as the major driver in the growth of managed network service market. On the other side, uncertainty over service charges may hamper the market.