Report : Middle East & Africa Managed Network Services Market Forecast to 2030 - Regional Analysis - by Type (Managed LAN, Managed Network Security, Managed Monitoring, Managed VPN, Managed WAN and Managed Wi-Fi), Deployment (Cloud and On-Premise), Organization Size (Large Enterprises and SMEs), End-Use Vertical (BFSI, Government, IT & Telecommunication, Manufacturing, Media & Entertainment, Retail & e-Commerce, and Others)
At 9.4% CAGR, the Middle East & Africa Managed Network Services Market is speculated to be worth US$ 5,863.09 million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the Middle East & Africa managed network services market was valued at US$ 3,117.37 million in 2023 and is expected to reach US$ 5,863.09 million by 2030, registering a CAGR of 9.4% from 2023 to 2030. Rising digital transformation and growing demand for reducing administration and maintenance expenditure are the critical factors attributed to the Middle East & Africa managed network services market expansion.
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 same. SD-WAN is often utilized to deliver additional cloud services such as security services, secure remote access, and multi-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 SD-WAN usage 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 globally 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. For instance, in March 2021, AT&T SASE launched Managed SASE Solution at scale that unifies leading security and networking technologies for a safer, resilient network. Hence, the growing interest in managed network service is expected to widen the growth opportunities for SD-WAN and SASE-managed network services.
On the contrary, data privacy and security concerns hurdles the growth of Middle East & Africa managed network services market.
Based on type, the Middle East & Africa managed network services market is segmented into managed LAN, managed network security, managed monitoring, managed VPN, managed WAN, and managed Wi-Fi. The managed LAN segment held 24.8% share of Middle East & Africa managed network services market in 2023, amassing US$ 772.12 million. It is projected to garner US$ 1,288.05 million by 2030 to expand at 7.6% CAGR during 2023–2030.
Based on deployment, the Middle East & Africa managed network services market is segmented into cloud and on-premise. The on-premise segment held 64.9% share of Middle East & Africa managed network services market in 2023, amassing US$ 2,024.57 million. It is projected to garner US$ 3,732.32 million by 2030 to expand at 9.1% CAGR during 2023–2030.
Based on organization size, the Middle East & Africa managed network services market is segmented into large enterprises and SMEs. The large enterprises segment is sub-segmented into BFSI, government, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others. The IT & telecommunication segment held 21.0% share of Middle East & Africa managed network services market in 2023, amassing US$ 446.22 million. It is projected to garner US$ 906.06 million by 2030 to expand at 10.6% CAGR during 2023–2030.
The SMEs segment is sub-segmented into BFSI, government, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others. The IT & telecommunication segment held 21.7% share of Middle East & Africa managed network services market in 2023, amassing US$ 215.21 million. It is projected to garner US$ 466.75 million by 2030 to expand at 11.7% CAGR during 2023–2030.
Based on end-use vertical, the Middle East & Africa managed network services market is segmented into BFSI, government, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others. The IT & telecommunication segment held 21.2% share of Middle East & Africa managed network services market in 2023, amassing US$ 661.43 million. It is projected to garner US$ 1,372.82 million by 2030 to expand at 11.0% CAGR during 2023–2030.
Based on country, the Middle East & Africa managed network services market has been categorized into South Africa, Saudi Arabia, the UAE and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 29.4% share of Middle East & Africa managed network services market in 2023. It was assessed at US$ 914.95 million in 2023 and is likely to hit US$ 1,687.98 million by 2030, exhibiting a CAGR of 9.1% during the forecast period.
Key players operating in the Middle East & Africa managed network services market are Accenture Plc; Cisco Systems Inc; Cognizant Technology Solutions Corp; Fujitsu Ltd; HCL Technologies Ltd; Huawei Investment & Holding Co Ltd; Kyndryl Holdings Inc; Tata Consultancy Services Ltd; and Verizon Communications Inc. among others.
- In May 2023, Cloudflare announced its partnership with Kyndryl, to help enterprises modernize and scale their corporate networks with managed WAN-as-a-Service and Cloudflare Zero Trust. The partnership couples Kyndryl’s expert, managed end-to-end networking services with Cloudflare’s robust technology platform to enable enterprises to streamline connectivity to multiple clouds at scale.
- In April 2021, Cognizant had announced a multi-year partnership to be the Official Digital Transformation Partner of the elite global racing championship SailGP.
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