The cloud managed services market size was USD 99.00 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.6% during the forecast period. The cloud managed services market is a rapidly growing sector of the IT industry. Cloud managed services are IT services that are delivered over the internet and are managed by a third-party provider. These services include cloud storage, cloud hosting, cloud monitoring, and other cloud-based IT solutions.

One of the key drivers of the cloud managed services market is the increasing adoption of cloud-based solutions by businesses of all sizes. Cloud services provide several benefits over traditional on-premise IT solutions, including lower costs, greater scalability, and enhanced flexibility. As a result, more businesses are turning to cloud managed services to manage their IT infrastructure.

Another driver of the cloud managed services market is the growing need for data security and compliance. With the increasing amount of data being generated by businesses, it is important to ensure that this data is secure and meets regulatory requirements. Cloud managed services providers offer advanced security measures and compliance solutions to help businesses meet these needs.

Factors influencing the growth of the Cloud Managed Services market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Cloud Managed Services market. The report discusses in detail the positive and negative impact of the pandemic on the Cloud Managed Services industry. The supply chain disruptions and economic volatility have altered the dynamics of the Cloud Managed Services industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Competitive Outlook: The leading companies operating in the Cloud Managed Services market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Cloud Managed Services Market and Profiled in the Report are:

IBM, Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Fujitsu, Accenture, Amazon Web Services, Inc., NTT DATA Corporation, Infosys Limited, Hewlett Packard Enterprise Development LP, and NEC Corporation

Objectives of the Report:

Study of the global Cloud Managed Services market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Cloud Managed Services market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Cloud Managed Services market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Cloud Managed Services market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

  • Service Type Outlook (Revenue, USD Billion; 2019–2032)

    • Managed Security Services
    • Managed Network Services
    • Managed Infrastructure Services
    • Managed Communication & Collaboration Services
    • Managed Mobility Services
    • Managed Business Services

  • Organization Size Outlook (Revenue, USD Billion; 2019–2032)

    • Small & Medium-Sized Enterprises (SMEs)
    • Large Enterprises

  • Vertical Outlook (Revenue, USD Billion; 2019–2032)

    • Banking, Financial Services, & Insurance (BFSI)
    • Telecom
    • Information Technology
    • Government & Public Sector
    • Healthcare & Life Sciences
    • Retail & Consumer Goods
    • Manufacturing
    • Energy & Utilities
    • Other Verticals

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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