Managed Network Services Market Size

Managed Network Services Market size was valued at USD 74.03 billion in 2024 and is set to exceed USD 224.27 billion by 2037, expanding at over 8.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of managed network services is evaluated at USD 79.3 billion.. The growth of the market is largely driven by the increasing demand for managed network services from small and medium-sized enterprises, owing to the need for cost optimization, improved network performance, and high-speed internet connectivity. Also, the average small business spends 6.7% of its revenue on IT services.

A growing number of businesses are utilizing managed SD-WAN services. These services provide businesses with the ability to scale their networks quickly and efficiently, while also providing improved reliability and performance. This also provides businesses with better control over their network and applications since their service provider manages the network and ensures that the service-level agreements (SLAs) are met.