According to a recently published report on the global telecom managedservices market, SMEs around the world are now adopting telecom managedservices. The same trend can be observed in Pakistan which has been rankedamong the fastest-growing markets, primarily due to the lower operationaland capital expenditures associated with the telecom service market.

The report categorizes the world’s telecom managed services market datainto different segments, such as service type, organization size, andgeographical region. According to the latest data, migration towardstelecom managed services has further accelerated the use of digitaltechnologies in SMEs. This has made organizational operations furthercost-effective, thus allowing companies to efficiently focus on their corebusiness strategies.

Geographically, the report presents data from markets in North America,Europe, Asia Pacific, and the rest of the world. Among these, North Americais the dominant region owing to a higher concentration of telecom managedservice providers in countries like the U.S. and Canada. The U.S. alone isresponsible for a hefty contribution, particularly in the managed data andnetwork services.

Europe is one step ahead of the Asia Pacific region and is expected to showdecent growth. Asia Pacific is experiencing a significant boom in telecommanaged services, causing the market to rapidly grow in the region. On ourside of the globe, a growing number of organizations are also following asimilar pattern, especially in Pakistan where the demand for telecommanaged services has increased exponentially.

Among the key global players in the telecom managed services are companieslike Verizon, Ericsson, and Tech Mahindra. In Pakistan, Wateen Telecom isconsidered as customers’ preferred choice in the domain. Theseorganizations are constantly innovating and applying research to aid in thedevelopment of a cost-effective product portfolio.