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Managed Network Services Market Size to Grow USD 50660 Million at a CAGR of 5.7% | Valuates Reports

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BANGALORE, India, Aug. 2, 2024 /PRNewswire/ — Managed Network Services Market is Segmented by Type (Managed Internet Access, Network Provisioning, VPN, Data Storage, Network Monitoring), by Application (Financial Services, Communications Industry, Public Sector, Media, Retail, Manufacturing, Medical).

The Global Managed Network Services Market size is expected to reach USD 50660 Million by 2029, growing at a CAGR of 5.7% from 2023 to 2029.

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Major Factors Driving the Growth of Managed Network Services Market:

The market for managed network services is expanding rapidly due to the growing need for dependable and secure connection as well as the complexity of network infrastructures becoming more complicated. To guarantee the best possible performance, scalability, and security, businesses are outsourcing their network administration to specialist suppliers more and more. A variety of solutions are included in managed network services, including security management, maintenance, optimization, and network monitoring. The increasing popularity of cloud computing, IoT, and remote work practices is driving up demand for managed network services as businesses look to simplify operations and concentrate on their core competencies. The market is driven by the necessity of adhering to regulatory requirements and the increasing risk of cyberattacks.

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TRENDS INFLUENCING THE GROWTH OF THE MANAGED NETWORK SERVICES MARKET:

The market for managed network services is expanding due to managed internet access in the financial services industry, which offers fast, dependable, and secure connection that is necessary for crucial financial activities. In order to complete transactions, access real-time data, and guarantee regulatory compliance, financial institutions depend on reliable internet connection. Protecting sensitive financial data requires the use of improved security features like encryption and threat detection, which are provided by managed services. Furthermore, managed internet solutions lower the chance of interruptions that might affect financial activities by guaranteeing continuous performance and uptime. Financial institutions may concentrate on their main business while gaining enhanced network security and dependability by outsourcing internet administration to specialist providers. This helps to drive the growth of the Managed Network Service market.

The market for managed network services is expanding due to network provisioning, which makes network resource deployment and administration more efficient. Businesses may swiftly expand their network infrastructure in response to fluctuating needs, such increasing data traffic or the addition of additional users and devices, by using efficient network provisioning. Managed network services minimize human participation and potential mistakes by providing automated provisioning tools that guarantee network resources are deployed efficiently. For businesses with intricate, dynamic network infrastructures, such international enterprises or those with several branch offices, this feature is especially crucial. Businesses may gain increased agility, enhance network performance, and lower operating costs by utilizing managed network services for provisioning, which will propel market growth.

Cost effectiveness is one of the main reasons propelling the Managed Network Service market’s expansion. With managed network services, companies may hire experts to handle their networks instead of employing internal IT workers or making large infrastructure expenditures. This outsourcing approach is an affordable option for businesses of all sizes since it reduces capital and operating expenses. In order to make sure that companies only pay for the services they use, providers provide scalable services that may be modified dependent on the needs of the company. Accurately forecasting and managing networking expenses improves financial planning and resource allocation, which incentivizes more businesses to use managed network services and propels market expansion.

Another factor propelling the Managed Network Service market is the requirement for firms to concentrate on their core strengths. Companies that outsource network administration to outside vendors may focus on their core competencies, such product development, customer support, and strategic planning. Managed network services relieve internal resources and internal IT teams of the strain by managing the intricacies of network security, maintenance, and performance optimization. Businesses may increase their productivity and efficiency through this strategic outsourcing, which improves overall performance. The demand for managed services for network administration is rising as more businesses realize the advantages of concentrating on their core competencies.

One major issue affecting the Managed Network Service market’s growth is regulatory compliance. Data security, privacy, and network integrity are governed by strict standards that apply to many businesses, including telecommunications, healthcare, and finance. Managed network service providers assist companies in avoiding fines and harm to their reputation by making sure that their products adhere to all applicable laws and standards. Providers make sure that clients comply with regulations by providing thorough compliance assistance, which includes routine audits, security assessments, and documentation. Businesses benefit greatly from managed services’ capacity to assist them negotiate difficult regulatory environments, which encourages service uptake and foster’s market expansion.

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MANAGED NETWORK SERVICES MARKET SHARE:

The Managed Network Service market exhibits notable geographical differences, with North America prevailing owing to its sophisticated technical infrastructure, elevated cloud service adoption rates, and robust presence of major industry participants. Due in large part to its thriving IT and telecom industries, the United States in particular makes significant contributions.

Europe is not far behind, with nations like France, Germany, and the United Kingdom making significant investments in cybersecurity and digital transformation.

The development of enterprises, rising internet usage, and large network infrastructure expenditures by nations like China, Japan, and India are driving the Asia-Pacific region’s fast growth.

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Key Companies:

Cisco SystemsInternational Business MachinesHCL TechnologiesEricssonHewlett Packard Enterprise DevelopmentAccenture PlcAlcatel-Lucent EnterpriseAT&TWIPRO LIMITEDLG NetworksHuawei Technologies

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Pillsbury Notice of Data Breach

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.

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DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

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