The global telecom managed services market is expected to grow from USD 11.90 billion in 2017 to USD 22.58 billion by 2022, at a compound annual growth rate (CAGR) of 13.7 percent, predicts Markets and Markets. The cost reduction in managing enterprise infrastructure, management of business outcomes and core activities, and minimizing the risk associated with business operation in terms of security have led to the increased demand for telecom managed services solutions.
The managed mobility services segment is expected to grow at the highest CAGR over the next 5 years, while the managed data center segment is estimated to have the largest market size in 2016, in the telecom managed services market. Enterprise mobility is prevalent in the organizations due to the increasing trend of BYOD and corporate-owned personal device (COPD) across the globe. It is very important for the enterprises to have more focus toward the management and security of mobility devices. The key trends that are driving this market include growing consumption in productivity applications, workforce decentralization, globalization of business, prominence of cloud-based enterprise mobility management, and robust environment for smartphones and tablets across the organizations.
The small and medium enterprises (SMEs) segment is expected to grow at the highest CAGR in the telecom managed services market during 2017–2022. With the increasing number of SMEs worldwide, the requirement of managed services is also increasing. North America is estimated to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is expected to grow at the highest CAGR from 2016 to 2022 in the telecom managed services market.