Managed Network Services Market Predicted to Hit $172.04 Billion by 2030

Managed Network Services Market Growth

According to a report by MarketsandMarkets™, the Managed Network Services Market is anticipated to grow from USD 120.74 billion in 2025 to USD 172.04 billion by 2030. This represents an impressive compound annual growth rate (CAGR) of 7.3% over this period. As the demand for advanced connectivity solutions surges, managed network services are becoming essential for enterprises navigating global connectivity, hybrid work environments, and cloud transformations.

Market Overview

The increasing complexity of technological ecosystems has driven businesses to leverage managed network services to streamline their operations. Providers are offering comprehensive solutions that integrate performance management, security, and automation, empowering enterprises to optimize performance proactively and mitigate risks. Services have evolved to incorporate AI-driven orchestration and analytics, enhancing capabilities for network performance management.

The rise of digital business frameworks across different industries has amplified the necessity for reliable and scalable network management. To meet market expectations, managed network services have shifted focus toward intelligent, predictive, and adaptable management strategies

Segment Analysis

The BFSI (Banking, Financial Services, and Insurance) vertical is projected to dominate the market due to the rapid digital transformation within financial institutions. As banks modernize their systems to improve security, performance, and compliance, they find managed network services indispensable. For instance, BT's expansion of its managed SD-WAN portfolio with secure networking solutions underscores the trend of integrating comprehensive service models in the BFSI sector.

Additionally, the managed Intrusion Detection and Prevention System (IDS/IPS) segment is on track to capture significant market share. As threats become more sophisticated, organizations increasingly outsource these capabilities to ensure rapid and effective responses to cyber threats, which boosts the demand for AI-powered detection and automated remediation solutions.

Regional Insights

In terms of growth, the Asia Pacific region is anticipated to be the fastest-growing market. The surge in digital transformations within enterprises has made outsourced network expertise a necessity, leading businesses in this region to adopt managed services for greater agility and compliance. Notably, partnerships like NTT Data with Mitsubishi Heavy Industries are pivotal for modernizing network infrastructures across Japan and Southeast Asia, showcasing the growing reliance on managed services for robust and scalable solutions.

With rapid investments in hybrid cloud and secure connectivity, the Asia Pacific is poised to evolve into a hub for advanced managed services, with market leaders incorporating AI-based analytics, zero-trust architectures, and edge computing into their offerings to keep pace with rising enterprise expectations.

Key Industry Players

Notable companies in the managed network services market include industry giants like Cisco, AT&T, Verizon, and Huawei, among others. Their innovations and service expansions are key to driving the market forward, as they adapt to the changing technological landscape and the growing needs of enterprises worldwide.

As we look toward the future, the managed network services market is set for transformational growth, driven by technological advancement and a fundamental shift in how businesses manage their network connectivity and security. This transition is likely to create a more integrated, automated, and intelligent networking landscape, ultimately benefiting enterprises across multiple sectors.

Conclusion

As we approach 2030, managed network services are not only a market necessity but a critical enabler of agile business operations. The integration of AI, automation, and enhanced security measures will shape the future of connectivity and service delivery, marking a significant evolution in the approach to network management for enterprises globally.