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Asia-Pacific Managed Network Services Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type, Deployment, Organization Size, and End-Use Vertical

Asia-Pacific Managed Network Services Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type, Deployment, Organization Size, and End-Use Vertical

  • October 2022
  • 171 pages
  • ID: 6361991
  • Format: PDF
  • The Insight Partners

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The managed network services market in Asia Pacific is expected to grow from US$ 14,463.91 million in 2022 to US$ 29,178.67 million by 2028. It is estimated to grow at a CAGR of 12.4% from 2022 to 2028.

Growing Interest in SD-WAN and SASE

Software-defined wide area network (SD-WAN) has been present for over a decade now, and it definitely provides various advantages over traditional WAN.Enterprise customers of MSPs, who have not yet utilized SD-WAN, are increasingly relying on the sais often utilized as a platform for delivering additional cloud services such as security services, secure remote access, and multme.

SD-WAN i-cloud connectivity.Several enterprises are considering SD-WAN over private leased lines and multi-protocol label switching (MPLS).

This has resulted in a price decline for MPLS virtual private network (VPN) to compete with the growing attractiveness of SD-WAN.Additionally, SD-WAN providers are increasing feature sets to compete with MPLS VPN better.

Furthermore, the increasing requirement for better management of remote sites on traditional VPN is expected to support the usage of SD-WAN and the utilization of managed network service providers. Secure access service edge (SASE) is a newer network and security solution which is witnessing high growth rates owing to the increasing usage of public clouds. Reports suggest that SD-WAN can become obsolete if all enterprises move to public clouds. However, the chances of that happening are relatively low in the near future. SASE offers higher security and better communication endpoints over SD-WAN. Presently, the utilization rate of the public cloud is still quite low; hence, the combination of SD-WAN and SASE is favored more. While SD-WAN is yet to be utilized fully, combining it with SASE allows MSPs to offer their customers enhanced cybersecurity and better traffic flow. Hence, the growing cloud-based managed network service is expected to widen the growth opportunities for SD-WAN and SASE managed network services.

Market Overview

Australia, China, India, Japan, South Korea, and rest of Asia Pacific are the key contributors to the managed network services market in the Asia Pacific.The growing demand from financial & technology industries in APAC supports the market growth for managed network services.

In the finance industry, the adoption of managed network services helps execute a wide range of complex cross-asset class trading strategies, which require connectivity for the complete portfolio of business continuity, trade lifecycle services, risk mitigation risk, and liquidity management.Further, in the technology industry, adopting managed network services helps manage private servers, computers, mobile devices, printers, cybersecurity, and data storage.

A good managed network services provider also deploys 24x7 remote monitoring since threats do not follow a standard workweek schedule.In June 2022, to the new company released managed services for Microsoft Azure to meet the growing global demand, especially in Australia and New Zealand.

The digital tech company has more than a decade of experience in the cloud segment, and its experts provide 24x7 Azure-managed services to help TO THE NEW’s clients define, carry out and control their cloud journey. The company also has established processes and mentioned that its Azure Managed Services offering is a natural next step in its existing managed services practice, which serves over 300 customers. Further, to the new ensures that the infrastructure and data of its managed service offerings are secure by using Azure infrastructure with strict security policies for managing private servers, computers, mobile devices, printers, cybersecurity, and data storage. Such factors are collectively driving the managed network services’ demand in the Asia Pacific.

Asia Pacific Managed Network Services Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Managed Network Services Market Segmentation

The Asia Pacific managed network services market is segmented into type, deployment, organization size, end-use vertical, and country.

Based on type, the market is segmented into managed lan, managed network security, managed monitoring, managed vpn, managed wan and managed wi-fi. The managed lan segment registered the largest market share in 2022.

Based on deployment, the market is bifurcated into cloud and on-premise. The on-premise segment held a larger market share in 2022.

Based on organization size, the market is bifurcated into large enterprises and SMEs. The large enterprises segment held the larger market share in 2022.

Based on end-use vertical, the market is segmented into BFSI, government, it & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others. The IT & telecommunication segment registered the largest market share in 202

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and rest of Asia Pacific. China dominated the market share in 2022.

Accenture PLC; CISCO Systems, Inc; Cognizant Technology Solution Corporation; Fujitsu Limited; Huawei Technologies Co.,Ltd; Kyndryl Inc; NTT Limited; Tata Consultancy Services Limited; Varizon Communication Inc; and HCl Technologies, Ltd are the leading companies operating in the managed network services market in the Asia Pacific.

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