Market Share of Managed Network Services Industry
The managed network services market is fragmented with small players and dominated by major players, such as IBM Corporation, HCL Technologies Limited, Dell, Verizon, Accenture PLC, and others, with a strong client base. These players are constantly providing increased and enhanced offerings, along with newer expansions, partnerships, and acquisitions; the level of market penetration is favorable to the market, and it is providing major competitiveness.
- August 2023: Verizon Business formed a strategic global partnership, making HCLTech its primary Managed Network Services (MNS) collaborator in all networking deployments for global enterprise customers. HCLTech and Verizon bring together Verizon's networking strength, solution offering, and scale, and HCLTech's market-leading Managed Service offerings to create a new era for large-scale, wireline service provision for enterprise customers.
- October 2022: Accenture and Google Cloud announced an extended global partnership, reaffirming its commitment to growing its talent-enhancing joint capabilities, creating innovative data and AI solutions, and providing robust support to assist clients in establishing a solid digital foundation and transforming their businesses in the cloud.
Network Managed Services Market Leaders
IBM
HCL Technologies Limited
Dell
Verizon
Accenture PLC
*Disclaimer: Major Players sorted in no particular order
