According to a recently published report on the global telecom managed services market, SMEs around the world are now adopting telecom managed services. The same trend can be observed in Pakistan which has been ranked among the fastest-growing markets, primarily due to the lower operational and capital expenditures associated with the telecom service market.
The report categorizes the world’s telecom managed services market data into different segments, such as service type, organization size, and geographical region. According to the latest data, migration towards telecom managed services has further accelerated the use of digital technologies in SMEs. This has made organizational operations further cost-effective, thus allowing companies to efficiently focus on their core business strategies.
Geographically, the report presents data from markets in North America, Europe, Asia Pacific, and the rest of the world. Among these, North America is the dominant region owing to a higher concentration of telecom managed service providers in countries like the U.S. and Canada. The U.S. alone is responsible for a hefty contribution, particularly in the managed data and network services.
Europe is one step ahead of the Asia Pacific region and is expected to show decent growth. Asia Pacific is experiencing a significant boom in telecom managed services, causing the market to rapidly grow in the region. On our side of the globe, a growing number of organizations are also following a similar pattern, especially in Pakistan where the demand for telecom managed services has increased exponentially.
Among the key global players in the telecom managed services are companies like Verizon, Ericsson, and Tech Mahindra. In Pakistan, Wateen Telecom is considered as customers’ preferred choice in the domain. These organizations are constantly innovating and applying research to aid in the development of a cost-effective product portfolio.