Managed Network Services Market Share

APAC Market Analysis

Asia Pacific is expected to hold the largest managed network services market with a share of 33.2% by 2037. With the expansion of 5G network services and the rise of data centers, the region has seen a rise in the demand for MNS services. There have been over 960,000 5G base stations built in China, of which 190,000 were built during the first half of 2021. Approximately 360 million 5G terminals have been connected to China's 5G network, and 128 million 5G phones have been shipped. With the emergence of new technologies, such as 5G, businesses are looking to manage service providers to handle the complexities associated with the technology, such as security and scalability.

North American Market Forecast

The North America managed network services market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The healthcare organizations in the region have been implementing telehealth solutions to respond to the increased demand for healthcare services during the COVID-19 pandemic, as well as to improve the quality of services and patient outcomes. Over 77% of hospitals in the United States provide telemedicine services to their patients. This has led to a surge in demand for managed network services, such as cloud-based storage and virtual private networking, which allow for secure and reliable communication between patients and healthcare providers.