US Managed Network Services Market (2024-2030) | Outlook, Size, Companies, Analysis, Trends, Revenue, Forecast, Share, Growth, Industry & Value

US Managed Network Services Market Highlights

Report Name	US Managed Network Services Market
Forecast period	2024-2030
CAGR	12.2%
Growing Sector	Banking

Topics Covered in the US Managed Network Services Market Report

The US Managed Network Services market report thoroughly covers the market by type, by organization size, by deployment mode, by vertical and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

US Managed Network Services Market Synopsis

The US managed network services market encompasses a wide range of services, including network monitoring, security, maintenance, and troubleshooting. With the increasing complexity of IT infrastructures and the growing threat landscape, businesses across industries are turning to managed network services to enhance efficiency, reduce operational costs, and bolster cyber security measures. As organizations prioritize digital transformation and the adoption of advanced technologies, the US managed network services market plays a pivotal role in providing scalable, reliable, and secure network solutions to support the evolving demands of businesses in the modern era. Further, market is undergoing transformative trends that reflect the evolving landscape of information technology and business operations. A prominent trend is the rising demand for cloud-based managed network services, as businesses increasingly migrate their IT infrastructure to cloud environments. In addition, this shift allows organizations to achieve greater flexibility, scalability, and cost-effectiveness in managing their networks. Security is a paramount concern, leading to the integration of advanced cyber security measures within managed network services, including threat detection, encryption, and proactive monitoring. However, one significant hurdle is the increasing sophistication of cyber threats, posing a constant challenge for service providers to stay ahead in implementing robust cyber security measures. In addition, the diverse and rapidly evolving IT landscape also presents challenges in integrating and managing a variety of technologies and platforms within client networks.

According to 6Wresearch, US Managed Network Services market size is projected to grow at a CAGR of 12.2% during 2024-2030. The US managed network services market is propelled by several key growth drivers that underscore its pivotal role in the rapidly evolving landscape of information technology. A primary catalyst is the increasing adoption of digital transformation initiatives by businesses across industries, driving the need for robust, scalable, and agile network infrastructures. In addition, the complexity of modern IT environments, coupled with the growing volume of data and the rise of remote work, fuels the demand for expertly managed network services. Moreover, the ongoing shift to cloud-based solutions and the embrace of software-defined networking (SDN) contribute to the market's growth, as businesses seek flexible and cost-effective network management solutions. In addition, the heightened focus on cyber security, prompted by the rising frequency and sophistication of cyber threats, amplifies the demand for managed network services that integrate advanced security measures. Furthermore, the proliferation of Internet of Things (IoT) devices and the demand for low-latency connectivity drive the need for specialized managed network services. As businesses prioritize efficiency, security, and innovation in their IT strategies, the US managed network services market remains a vital partner in ensuring the resilience and future-readiness of organizational networks.

Government Initiatives Introduced in the US Managed Network Services Market

Government initiatives play a crucial role in shaping the US managed network services market, particularly in fostering a secure and resilient digital infrastructure. Initiatives aimed at enhancing national cyber security, such as the National Institute of Standards and Technology (NIST) Cyber security Framework, provide a foundation for managed network service providers to align their offerings with industry best practices. Additionally, government investments in broadband infrastructure and connectivity programs contribute to the expansion of managed network services, especially in rural and underserved areas. Regulatory efforts to enforce data protection and privacy, such as the California Consumer Privacy Act (CCPA) and potential federal regulations, influence how managed network services address compliance requirements. Similarly, these efforts have advanced the US Managed Network Services Market Share. Moreover, collaborations between government agencies and private-sector entities on initiatives related to 5G deployment, critical infrastructure protection, and research and development further shape the landscape of managed network services. As the government continues to prioritize digital resilience and connectivity, these initiatives create a conducive environment for the growth and innovation of the US managed network services market.

Key Players in the US Managed Network Services Market

The US managed network services market is characterized by the influence of key players that contribute significantly to the industry's dynamics and innovation. AT&T Inc. stands out as a major player, leveraging its extensive network infrastructure to provide a comprehensive suite of managed network services for businesses of all sizes. Verizon Communications Inc. is a prominent contributor, offering a range of managed services, including network security and SD-WAN solutions. Cisco Systems, Inc. plays a crucial role, providing advanced networking technologies and managed services that empower businesses in their digital transformation journeys. IBM Corporation is noteworthy, bringing a holistic approach to managed network services with its expertise in cloud computing and artificial intelligence. In addition, the corporations’ grasp massive US Managed Network Services Market Revenues. Additionally, CenturyLink, Inc. and Comcast Business contribute to the market's competitiveness, offering tailored solutions to meet the diverse needs of clients. These key players collectively shape the US managed network services market, driving technological advancements, ensuring service reliability, and facilitating the digital transformation of businesses across various industries.

Future Insights of the US Managed Network Services Market

The future of the US managed network services market holds promising prospects characterized by continuous innovation, heightened cyber security emphasis, and the integral role of managed services in navigating the evolving digital landscape. Anticipated trends include an increased focus on edge computing capabilities within managed network services, catering to the demands of latency-sensitive applications and the proliferation of Internet of Things (IoT) devices. The market is poised to witness further integration of artificial intelligence (AI) and machine learning (ML) technologies to enhance network monitoring, security, and predictive analytics. As businesses grapple with the complexities of hybrid work environments, the demand for secure and reliable managed network services is expected to surge. Moreover, the ongoing rollout of 5G networks will present new opportunities for managed services to support high-speed, low-latency connectivity. Government initiatives fostering digital resilience, connectivity, and cybersecurity will continue to shape the market. With an increasing reliance on digital infrastructure, the US managed network services market is well-positioned to play a vital role in ensuring the agility, security, and efficiency of organizational networks in the years to come.

Market Analysis by Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Managed LAN (Local Area Network) Services are a popular choice for businesses that require a high-performance network. Managed LAN services enable businesses to outsource the management of their network infrastructure, including the physical components such as switches and routers, to a third-party provider. This means that businesses can leverage the expertise of skilled network administrators without having to invest in specialized staff and expensive network infrastructure. Additionally, the Managed Wi-Fi Services offer businesses reliable and secure Wi-Fi connectivity for their employees and customers. These services include the installation, management, and maintenance of Wi-Fi access points, as well as security features such as firewalls and intrusion detection systems. With Managed Wi-Fi, businesses can ensure that their wireless network is always up-to-date with the latest technology, security patches, and updates.

Market Analysis by Vertical

The US Managed Network Services market include certain key verticals banking, financial services and insurance, retail and ecommerce, manufacturing, and government. Further, the banking is an industry with heavily regulated operations and strict security requirements. Managed network services help banks maintain a secure network while streamlining their operations. Service providers offer solutions for mobility, compliance, and disaster recovery management. They also provide 24/7 monitoring of servers, routers, switches, and security appliances to ensure that data is protected. Moreover, the financial services and insurance industry have been early adopters of managed network services. They have a large number of remote users that need to access data securely and reliably. Service providers offer solutions for secure remote access, compliance management, disaster recovery, and intrusion prevention. They also help businesses comply with the various necessary regulations like GLBA, SOX, and PCI DSS.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• US Managed Network Services Market Overview
• US Managed Network Services Market Outlook
• US Managed Network Services Market Forecast
• Market Size of US (US) Managed Network Services Market, 2023
• Forecast of US (US) Managed Network Services Market, 2030
• Historical Data and Forecast of US (US) Managed Network Services Revenues & Volume for the Period 2020 - 2030
• US (US) Managed Network Services Market Trend Evolution
• US (US) Managed Network Services Market Drivers and Challenges
• US (US) Managed Network Services Price Trends
• US (US) Managed Network Services Porter's Five Forces
• US (US) Managed Network Services Industry Life Cycle
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Managed LAN for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Managed Wi-Fi for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Managed VPN for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Managed WAN for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Network Monitoring for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Managed Network Security (Managed Firewall, Managed IDS/IPS, Other Managed Network Security) for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Organization Size for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Large Enterprises for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By SMEs for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Deployment Mode for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By On-Premises for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Cloud for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Vertical for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Banking, Financial Services and Insurance for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Retail and Ecommerce for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Manufacturing for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Government for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Education for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Healthcare for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Media and Entertainment for the Period 2020 - 2030
• Historical Data and Forecast of US (US) Managed Network Services Market Revenues & Volume By Other Verticals for the Period 2020 - 2030
• US (US) Managed Network Services Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Organization Size
• Market Opportunity Assessment By Deployment Mode
• Market Opportunity Assessment By Vertical
• US (US) Managed Network Services Top Companies Market Share
• US (US) Managed Network Services Competitive Benchmarking By Technical and Operational Parameters
• US (US) Managed Network Services Company Profiles
• US (US) Managed Network Services Key Strategic Recommendations

Markets Covered

The US Managed Network Services market report provides a detailed analysis of the following market segments:

By Type

• Managed LAN
• Managed Wi-Fi
• Managed VPN
• Managed WAN
• Network Monitoring
• Managed Network Security (Managed Firewall, Managed IDS/IPS, Other Managed Network Security)

By Organization Size

• Large Enterprises
• SMEs

By Deployment Mode

• On-Premises
• Cloud

By Vertical

• Banking
• Financial Services and Insurance
• Retail and Ecommerce
• Manufacturing
• Government
• Education
• Healthcare
• Media and Entertainment
• Other Verticals

US Managed Network Services Market (2024-2030): FAQs