The market for cloud managed services was valued USD 30.97 billion in 2018 and is expected to reach around USD 81.30 billion by 2025, at a CAGR approximately 14.78 % for the forecast period from 2019 to 2025. The usage of cloud managed services necessitates the outsourcing of various third parties’ skills, which can raise security and confidentiality risks. Mobility, networks, endpoints, databases, cloud, web applications, and virtualization infrastructures are all included. Any cloud MSP can easily expose sensitive corporate details as a result of this. As a result, security and privacy issues remain the top barriers to enterprises adopting cloud managed services. MSPs, on the other hand, assist organisations in ensuring that the data they deploy over the cloud is secure and private. Customers have access to end-to-end network protection and encryption for added security. However, because of the increasing number of data breaches, businesses are hesitant to share important business information with MSPs.
Cloud managed services are expert services that expand IT infrastructure and in-house functionality and are managed in collaboration with third-party managed providers via cloud platforms. Managed security operations, managed network operations, managed applications, and mobility are all included in these services. Cloud managed services also allow businesses to expand their capabilities and replace procedures and tasks that have high recurrent expenses. Apart from that, these services aid in the reduction of recurrent IT costs, the automation of business processes, and the transformation of IT systems, as well as assisting firms in achieving their organisational goals.
Key market player information
Top Leading Market Players Covered in this Report are : Ericsson Telecommunications, Cisco Systems, Accenture plc, NEC Corporation, International Business Machines Corporation, Fujitsu Limited, Civica, NTT DATA Corporation, CenturyLink, Inc. and DXC Technology Company among others..
The global Cloud Managed Services study includes a thorough examination of the top companies operating in the global Cloud Managed Services market. The competition analysis is based on market share, product sales, business strength, top rivals, major business categories, and geographic presence of key market players. The report’s competitive analysis will assist readers in highlighting key variables that will assist them in meeting their objectives during the projected period.
The research divides the global Cloud Managed Services market into segments and sub-segments by analyzing a number of parameters. The Cloud Managed Services report analysis provides a valuable insight into segment revenue and market share at both the global and country levels. In terms of revenue and volume, the segmentation study details the correct projections and computations. In addition, the research study offers major growth trends and opportunities within Cloud Managed Services market categories, which will aid in the development of effective corporate growth plans for the forecast period of 2021-2027.
Users will gain useful insights from a study of the major regions and nations covered in the scope of the report, which will help them better identify investment prospects to expand their business. The statistics based on revenue and market share for distinct regions and countries are included in the report analysis. In addition, the study highlights key trends and opportunities that will aid in the growth of the industry in each region.
Market Segmentation By Types – Managed Network Services, Managed Infrastructure Services, Managed Data Center Services, Managed Security Services, And Others
Market Segmentation By Application – Services, Orchestration And Automation, And Solutions
The global Cloud Managed Services market is divided into several areas, including
- North America
- Asia Pacific
- Latin America
- Middle East & Africa.
In addition, market values and shares were estimated using current COVID-19 pandemic scenarios on the worldwide Cloud Managed Services market, which will assist users in better understanding the present market picture and recommending strategic company expansion plans accordingly. During the projection period of 2020 to 2027, the Cloud Managed Services market is expected to grow at a CAGR of xx %, reaching US$ xx million in 2027, up from US$ xx million in 2020.
Who will get benefit of this report?
- Investors and Private Equity Firms
- Cloud Managed Services market Providers
- Distributors and Suppliers
- Government and Regulatory organizations
- Several end users.
Why should buy this report from Zion?
- Provides in-depth research study of the total Cloud Managed Services market, which can assist start-up enterprises in the Cloud Managed Services market to make decisions on short span.
- The most recent Cloud Managed Services market news, forecast analysis, and top market rivals are all readily available, together with all relevant information.
- Graphs, pie charts, and other representations are included in the Cloud Managed Services report to help the reader understand the information at a glance.
- Manufacturers can use the Cloud Managed Services report to study customer behaviour, business segments, and offer items depending on the information presented.
- The impact of COVID-19 on the market and industry, as well as a recovery analysis
The Cloud Managed Services research is based on the most recent industry trends and prospects, along with potential threats, key driving forces, as well as important revenue pockets. The survey was published after conducting extensive secondary research, which included reviewing a number of industry publications, investor articles, official statistics, corporate news, and press releases. All of these studies are backed up by in-depth primary research with C level industry experts, resulting in a revenue forecast for the Cloud Managed Services market.