The global demand for Cloud Managed Services Market is presumed to reach the market size of nearly USD 252.1 BN by 2030 from USD 89.32 BN in 2022 with a CAGR of 12.22% under the study period 2023 - 2030.
Cloud-managed services provide partial or full cloud management services for both hybrid and public environments. These services are provided to handle business cloud needs, such as optimization, configuration, security, migration, and optimization services and solutions. Cloud-managed services assist in business process, storage, application, and security management services. Cloud-managed services enable organizations to promote their operations and alter processes that incur high losses, transform IT systems and assist in attaining objectives. Some key advantages of choosing cloud-managed services include cloud integration, increased resource efficiency, and predictable, flat spending.
Market Dynamics
Global cloud-managed services are expected to grow at a robust rate during the forecast period. An increase in demand for cloud-based applications is likely to boost the growth of the cloud-managed services market globally. Additionally, the hyper-scaling capabilities and lower costs of cloud services are expected to help in the cloud-managed services market growth. The rising demand for cloud and cloud services in small-medium enterprises (SMEs) is anticipated to provide remunerative opportunities for the enhancement of the cloud-managed services market during the forthcoming years. Demand for cloud-managed services is increasing due to the advantages offered, like business flexibility and cost-cutting, which are likely to propel the market growth globally.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cloud managed services. The growth and trends of cloud managed services industry provide a holistic approach to this study.
Market Segmentation
This section of the cloud managed services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service Type
- Managed Business Services
- Managed Network Services
- Managed Security Services
- Managed Infrastructure Services
- Managed Mobility Services
- Managed Communication And Collaboration Services
By Organization Size
- Large Enterprises
- Small And Medium-Sized Enterprises (SMEs)
By Vertical
- BFSI
- Telecom
- Government And Public Sector
- Healthcare And Lifesciences
- Retail And Consumer Goods
- Manufacturing
- Energy And Utilities
- IT
- Others (Transport, Education, And Travel And Hospitality).
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cloud Managed Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cloud Managed Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cloud managed services market include IBM (US), Ericsson (Sweden), AWS (US), Cisco (US), Infosys (India), NTT DATA (Japan), Fujitsu (Japan), Accenture (Ireland), HPE (US), NEC (Japan), Atos (France), Alcatel-Lucent (France), TCS (India), Wipro (India), Rackspace (US), Datacom (New Zealand), Huawei (China), Cloudicity (Washington), Connectria (US), DLT Solutions (US), Sirius Compture Solutions (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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