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MarketResearch.biz, in its upcoming report titled, “Global Cloud Managed Services Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global cloud managed services market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global cloud managed services market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global cloud managed services market is estimated to exhibit a XX.X% CAGR in terms of value during the forecast period 2018–2027. The global market report has been segmented on the basis of deployment, end-user, vertical, and region.
Rising demand for flexibility in enterprises and core businesses is one of the major factors driving growth of the market. Increasing requirement for reliability and scalability is also fueling demand for these services to enable companies to manage their business operations more efficiently. In addition, growing focus on reducing IT costs is also driving demand for cloud managed services.
A private cloud allows augmented data control and decreases risks of data loss. Benefits such as price flexibility, security, and control with regard to private cloud are some factors encouraging organizations to prefer this option. However, organizations can also avail benefits on the public cloud such as low cost and easy configuration.
Cloud managed services enables companies to reduce IT costs as the user company will not require to employ its own IT personnel, or invest much on equipment and servers etc. in-house, which reduces operation costs significantly. Customizations in existing models allow organizations to improve their business operations with flexibility. Moreover, cloud managed services enables organizations to increase productivity and performance of their employees, as it allows them to work remotely or from home, which is not possible with in-house private servers. As a result of these benefits and advantages, adoption of cloud managed services is increasing significantly in small & medium scale enterprises globally.
Some of the major factors restraining adoption of cloud managed services in the need for consistent Internet connectivity, and poor connectivity, particularly in rural and urban areas in emerging economies such as Mexico, India, and some countries in MEA. Other factors include potential security breach or unauthorized access, data privacy, and Internet connectivity.
North America market dominates the global cloud managed services market in terms of revenue share, followed by the market in Europe. The market in Asia Pacific is expected to witness fastest growth over the forecast period, owing to rising demand for cloud based services from emerging economies such as China and India.
Market segmentation and key players operating in the global cloud managed services market:
Global market segmentation by Deployment:
- Public Cloud
- Private Cloud
Global Market Segmentation by End-User:
- Small and Medium Enterprises
- Large Enterprises
Global Market Segmentation by Vertical:
- Telecom & ITES
- Banking, Financial Services, and Insurance
- Retail & Consumer
- Manufacturing & Automotive
Global Market Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- International Business Machines Corporation (IBM)
- Cisco Systems Inc.
- Verizon Communication Inc.
- Accenture PLC
- NTT Data Corporation
- Huawei Technologies
- Fujitsu Limited
- DXC Technology
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