Market Share of Managed Communication Services Industry
The managed communication services market is highly competitive in nature. Product launches, high expense on research and development, partnerships and acquisitions, etc., are the prime growth strategies adopted by the companies to sustain the intense competition. Some of the recent developments are -
- October 2021, Verizon has opted to introduce Verizon Software-Defined Secure Branch with Fortinet Secure SD-WAN to its worldwide SD-WAN offering (managed services). The system is meant to give enterprises a converged networking and security solution "in-a-box" to protect and connect hybrid and remote workforces, including enterprise and business market clients.
- In February 2021, Masergy (a managed SD-WAN service provider) has added Cisco's renowned Webex video conferencing solution to its unified communications-as-a-service offerings. Masergy's existing unified communications platform and Webex are combined into a single application that interfaces with the company's SD-WAN and SASE services, which are powered by Fortinet.
Managed Communications Services Market Leaders
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Cisco Systems, Inc.
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AT&T Inc.
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NEC Corporation
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Verizon Communications Inc.
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Alcatel Lucent Enterprise International
*Disclaimer: Major Players sorted in no particular order
