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.

The global managed network services market accounted for USD 40.52 billion in 2016 growing at a CAGR of 10.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.