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South & Central America 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), and End-Use Vertical (BFSI, Government, IT & Telecommunication, Manufacturing, Media & Entertainment, Retail & e-Commerce, and Others)
Market Report I 2023-09-18 I 183 Pages I The Insight Partners
The South & Central America managed network services market is expected to grow from US$ 4,270.17 million in 2023 to US$ 8,434.79 million by 2030. It is estimated to grow at a CAGR of 10.2% from 2023 to 2030.
Rising Utilization of Managed Network Services by SMEs fuels South & Central America managed network services market
The managed network services market revenue was predominantly generated through large enterprises. However, that scenario is changing fast. Owing to the various advantages on offer, SMEs are increasingly relying on managed network service providers. While it aids SMEs in decreasing capital expenditure, it allows them to focus on core competencies better. Reportedly, IT spending by SMEs has been increasing year-on-year. With smaller businesses moving towards the cloud, managing the move often becomes tedious for such companies. This provides growth opportunities for managed network service providers. Additionally, SMEs are more vulnerable to security breaches, and adopting digital transformation can increase security breaches. With the disruptions due to the COVID-19 pandemic, the increasing trend of work from anywhere (WFA) has been pushing the limits for SMEs. They are required to update their IT infrastructure to accommodate WFA trends. Maintaining competitiveness became the utmost priority; hence, to adapt to the changing circumstances, the adoption rate of managed network services witnessed strong growth rates. Yet, relatively few SMEs have availed of such services, and most are yet to consider the same.
South & Central America managed network services market Overview
In SAM, the managed network services market has grown since the emergence of the COVID-19 pandemic to maintain more safety over the private network. Enterprise adoption of managed mobility, collaboration, and other capabilities increased since such services eased the transition to remote working. Faced with the need for millions of employees to work from home during the COVID-19 pandemic, Brazilian enterprises accelerated their adoption of digital workplace technologies while the nation's carriers quickly increased network capacity. In SAM countries, COVID-19 heightened the importance of digital workplace technologies as enterprises facilitated transitions to home and remote work. This immediately increased the demand for large-scale managed workplace services to replace in-person technical support. Managed network services have helped companies ensure remote employees have the secured network on which they work and share files. Such factors positively impacted the managed network services market in the region.
The adoption of SD-WAN is increasing across SAM, aiding in managed network services market growth. For instance, in February 2020, South & Central America Cloud Xchange (GCX), the provider of South & Central America managed networks, announced the extension of its relationship with South & Central America automotive supplier Autoneum through a new three-year managed network agreement. This deal, with enhanced connectivity to 55 production locations across 25 countries in South America, Africa, and Asia, builds upon a partnership. With the renewed contract, GCX proceeded to transform Autoneum's business-critical Wide Area Network to embrace next-generation network technologies like SD-WAN.
South & Central America Managed Network Services Market to 2030 (US$ Million)
South & Central America Managed Network Services Market Segmentation
The South & Central America managed network services market is segmented into type, deployment, organization size, end use, and country.
Based on type, the South & Central America 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 registered the largest South & Central America managed network services market share in 2023.
Based on deployment, the South & Central America managed network services market is segmented into cloud and on-premise. The on-premise segment held a larger South & Central America managed network services market share in 2023.
Based on organization size, the South & Central America 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 registered the largest South & Central America managed network services market share in 2023.
The SMEs segment is sub-segmented into BFSI, government, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others. The IT & telecommunication segment registered the largest South & Central America managed network services market share in 2023.
Based on end-use vertical, the South & Central America managed network services market is segmented into BFSI, government, IT & telecommunication, manufacturing, media & entertainment, retail & e-commerce, and others. The IT & telecommunication segment held the largest South & Central America managed network services market share in 2023.
Based on country, the South & Central America managed network services market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America managed network services market share in 2023.
Accenture Plc; Cisco Systems Inc; Cognizant Technology Solutions Corp; Fujitsu Ltd; HCL Technologies Ltd; Huawei Investment & Holding Co Ltd; Kyndryl Holdings Inc; NTT Ltd; and Tata Consultancy Services Ltd. are some of the leading companies operating in the South & Central America managed network services market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Managed Network Services Market - By Type
1.3.2 South & Central America Managed Network Services Market - By Deployment
1.3.3 South & Central America Managed Network Services Market - By Organization Size
1.3.4 South & Central America Managed Network Services Market - By End-Use Vertical
1.3.5 South & Central America Managed Network Services Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Managed Network Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America Managed Network Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Digital Transformation
5.1.2 Growing Demand for Reducing Administration and Maintenance Expenditure
5.2 Market Restraints
5.2.1 Data Privacy and Security Concerns
5.3 Market Opportunities
5.3.1 Rising Utilization of Managed Network Services by SMEs
5.4 Future Trends
5.4.1 Growing Interest in SD-WAN and SASE
5.5 Impact Analysis of Drivers and Restraints
6. Managed Network Services Market - South & Central America Analysis
6.1 South & Central America Managed Network Services Market - Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Managed Network Services Market Analysis - By Type
7.1 Overview
7.2 South & Central America Managed Network Services Market, By Type (2022 and 2030)
7.3 Managed LAN
7.3.1 Overview
7.3.2 Managed LAN: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
7.4 Managed Network Security
7.4.1 Overview
7.4.2 Managed Network Security: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
7.5 Managed Monitoring
7.5.1 Overview
7.5.2 Managed Monitoring: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
7.6 Managed VPN
7.6.1 Overview
7.6.2 Managed VPN: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
7.7 Managed WAN
7.7.1 Overview
7.7.2 Managed WAN: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
7.8 Managed Wi-Fi
7.8.1 Overview
7.8.2 Managed Wi-Fi: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
8. South & Central America Managed Network Services Market Analysis - By Deployment
8.1 Overview
8.2 South & Central America Managed Network Services Market, By Deployment (2022 and 2030)
8.3 Cloud
8.3.1 Overview
8.3.2 Cloud: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.2 On-Premise: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Managed Network Services Market Analysis - By Organization Size
9.1 Overview
9.2 South & Central America Managed Network Services Market, By Organization Size (2022 and 2030)
9.3 Large Enterprises
9.3.1 Overview
9.3.2 Large Enterprises: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
9.3.2.1 BFSI
9.3.2.1.1 BFSI: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.3.2.2 Government
9.3.2.2.1 Government: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.3.2.3 IT & Telecommunication
9.3.2.3.1 IT & Telecommunication: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.3.2.4 Manufacturing
9.3.2.4.1 Manufacturing: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.3.2.5 Media & Entertainment
9.3.2.5.1 Media & Entertainment: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.3.2.6 Retail & E-Commerce
9.3.2.6.1 Retail & E-Commerce: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.3.2.7 Others
9.3.2.7.1 Others: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4 SMEs
9.4.1 Overview
9.4.2 SMEs: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
9.4.2.1 BFSI
9.4.2.1.1 BFSI: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4.2.2 Government
9.4.2.2.1 Government: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4.2.3 IT & Telecommunication
9.4.2.3.1 IT & Telecommunication: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4.2.4 Manufacturing
9.4.2.4.1 Manufacturing: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4.2.5 Media & Entertainment
9.4.2.5.1 Media & Entertainment: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4.2.6 Retail & E-Commerce
9.4.2.6.1 Retail & E-Commerce: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
9.4.2.7 Others
9.4.2.7.1 Others: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America Managed Network Services Market Analysis - By End-Use Vertical
10.1 Overview
10.2 South & Central America Managed Network Services Market Breakdown, By End-Use Vertical, 2022 & 2030
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI Market Revenue and Forecast to 2030 (US$ Million)
10.4 Government
10.4.1 Overview
10.4.2 Government Market Revenue and Forecast to 2030 (US$ Million)
10.5 IT & Telecommunication
10.5.1 Overview
10.5.2 IT & Telecommunication Market Revenue and Forecast to 2030 (US$ Million)
10.6 Manufacturing
10.6.1 Overview
10.6.2 Manufacturing Market Revenue and Forecast to 2030 (US$ Million)
10.7 Media & Entertainment
10.7.1 Overview
10.7.2 Media & Entertainment Market Revenue and Forecast to 2030 (US$ Million)
10.8 Retail & e-Commerce
10.8.1 Overview
10.8.2 Retail & e-Commerce Market Revenue and Forecast to 2030 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others Market Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Managed Network Services Market -Country Analysis
11.1 SAM: South & Central America Managed Network Services Market
11.1.1 Overview
11.1.2 SAM Managed Network Services Market Breakdown, by Country
11.1.2.1 Brazil Managed Network Services Market, Revenue and Forecast to 2030
11.1.2.1.1 Brazil Managed Network Services Market Breakdown, By Type
11.1.2.1.2 Brazil Managed Network Services Market Breakdown, By Deployment
11.1.2.1.3 Brazil Managed Network Services Market Breakdown, By Organization Size
11.1.2.1.4 Brazil Managed Network Services Market Breakdown, By End-Use Vertical
11.1.2.2 Argentina Managed Network Services Market, Revenue and Forecast to 2030
11.1.2.2.1 Argentina Managed Network Services Market Breakdown, By Type
11.1.2.2.2 Argentina Managed Network Services Market Breakdown, By Deployment
11.1.2.2.3 Argentina Managed Network Services Market Breakdown, By Organization Size
11.1.2.2.4 Argentina Managed Network Services Market Breakdown, By End-Use Vertical
11.1.2.3 Rest of SAM Managed Network Services Market, Revenue and Forecast to 2030
11.1.2.3.1 Rest of SAM Managed Network Services Market Breakdown, By Type
11.1.2.3.2 Rest of SAM Managed Network Services Market Breakdown, By Deployment
11.1.2.3.3 Rest of SAM Managed Network Services Market Breakdown, By Organization Size
11.1.2.3.4 Rest of SAM Managed Network Services Market Breakdown, By End-Use Vertical
12. Industry Landscape
12.1 Overview
12.2 Mergers and Acquisitions
12.3 Agreements, Collaborations and Joint Ventures
12.4 New Product Launches
12.5 Expansions and other Strategic Developments
13. Company Profiles
13.1 Accenture Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cisco Systems Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cognizant Technology Solutions Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fujitsu Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Huawei Investment & Holding Co Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Kyndryl Holdings Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NTT Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tata Consultancy Services Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HCL Technologies Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. South & Central America Managed Network Services Market - Revenue and Forecast to 2030 (US$ Million)
Table 2. SAM Managed Network Services Market, Revenue and Forecast To 2030 - By Country (US$ Million)
Table 3. Brazil Managed Network Services Market, Revenue and Forecast to 2030 - By Type (US$ Million)
Table 4. Brazil Managed Network Services Market, Revenue and Forecast to 2030 - By Deployment (US$ Million)
Table 5. Brazil Managed Network Services Market, Revenue and Forecast to 2030 - By Organization Size (US$ Million)
Table 6. Brazil Managed Network Services Market, Revenue and Forecast to 2030 - By End-Use Vertical (US$ Million)
Table 7. Argentina Managed Network Services Market, Revenue and Forecast to 2030 - By Type (US$ Million)
Table 8. Argentina Managed Network Services Market, Revenue and Forecast to 2030 - By Deployment (US$ Million)
Table 9. Argentina Managed Network Services Market, Revenue and Forecast to 2030 - By Organization Size (US$ Million)
Table 10. Argentina Managed Network Services Market, Revenue and Forecast to 2030 - By End-Use Vertical (US$ Million)
Table 11. Rest of SAM Managed Network Services Market, Revenue and Forecast to 2030 - By Type (US$ Million)
Table 12. Rest of SAM Managed Network Services Market, Revenue and Forecast to 2030 - By Deployment (US$ Million)
Table 13. Rest of SAM Managed Network Services Market, Revenue and Forecast to 2030 - By Organization Size (US$ Million)
Table 14. Rest of SAM Managed Network Services Market, Revenue and Forecast to 2030 - By End-Use Vertical (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Managed Network Services Market Segmentation
Figure 2. South & Central America Managed Network Services Market Segmentation - By Country
Figure 3. South & Central America Managed Network Services Market Overview
Figure 4. Managed LAN Segment held the Largest Share of South & Central America Managed Network Services Market
Figure 5. On-Premise Segment held the Largest Share of South & Central America Managed Network Services Market
Figure 6. Large Enterprises Segment held the Largest Share of South & Central America Managed Network Services Market
Figure 7. IT & Telecommunication Segment held the Largest Share of South & Central America Managed Network Services Market
Figure 8. Brazil to Show Great Traction During Forecast Period
Figure 9. SAM: PEST Analysis
Figure 10. South & Central America Expert Opinion
Figure 11. South & Central America Managed Network Services Market Impact Analysis of Drivers and Restraints
Figure 12. South & Central America Managed Network Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. South & Central America Managed Network Services Market Revenue Share, By Type (2022 and 2030)
Figure 14. Managed LAN: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 15. Managed Network Security: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Managed Monitoring: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 17. Managed VPN: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 18. Managed WAN: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 19. Managed Wi-Fi: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 20. South & Central America Managed Network Services Market Revenue Share, By Deployment (2022 and 2030)
Figure 21. Cloud: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
Figure 22. On-Premise: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
Figure 23. South & Central America Managed Network Services Market Revenue Share, By Organization Size (2022 and 2030)
Figure 24. Large Enterprises: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
Figure 25. BFSI: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 26. Government: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 27. IT & Telecommunication: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 28. Manufacturing: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 29. Media & Entertainment: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 30. Retail & E-Commerce: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 31. Others: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 32. SMEs: South & Central America Managed Network Services Market- Revenue and Forecast to 2030 (US$ Million)
Figure 33. BFSI: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 34. Government: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 35. IT & Telecommunication: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 36. Manufacturing: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 37. Media & Entertainment: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 38. Retail & E-Commerce: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 39. Others: South & Central America Managed Network Services Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 40. South & Central America Managed Network Services Market Breakdown, By End-Use Vertical (2022 and 2030)
Figure 41. BFSI Market Revenue and Forecast to 2030 (US$ Million)
Figure 42. Government Market Revenue and Forecast to 2030 (US$ Million)
Figure 43. IT & Telecommunication Market Revenue and Forecast to 2030 (US$ Million)
Figure 44. Manufacturing Market Revenue and Forecast to 2030 (US$ Million)
Figure 45. Media & Entertainment Market Revenue and Forecast to 2030 (US$ Million)
Figure 46. Retail & e-Commerce Market Revenue and Forecast to 2030 (US$ Million)
Figure 47. Others Market Revenue and Forecast to 2030 (US$ Million)
Figure 48. SAM Managed Network Services Market Breakdown, by Country, 2022 & 2030 (US$)
Figure 49. SAM Managed Network Services Market Breakdown, by Country, 2022 & 2030 (%)
Figure 50. Brazil Managed Network Services Market, Revenue and Forecast to 2030 (US$ Million)
Figure 51. Argentina Managed Network Services Market, Revenue and Forecast to 2030 (US$ Million)
Figure 52. Rest of SAM Managed Network Services Market, Revenue and Forecast to 2030 (US$ Million)
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