Cloud Managed Services Market is set for Rapid Growth, to be Worth Around USD 81.30 billion globally by 2025

14-Feb-2020 | Zion Market Research

Zion Market Research has published a new report titled Cloud Managed Services Market by Service Type (Managed Network Services, Managed Infrastructure Services, Managed Data Center Services, Managed Security Services and Others), By Deployment Type (Private Cloud and Public Cloud), By Organization Size (Large Enterprises and SMEs), By Industry Vertical (Government, Telecom and IT, BFSI, Retail, Healthcare, Energy, Manufacturing and Others) -Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025. According to the report, 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.

Browse the full “Cloud Managed Services Market by Service Type (Managed Network Services, Managed Infrastructure Services, Managed Data Center Services, Managed Security Services, and Others), By Organization Size (Private Cloud and Public Cloud), By Organization Size (Large Enterprises and SMEs), and By Industry Vertical (Government, Telecom & IT, BFSI, Retail, Healthcare, Energy, Manufacturing, and Others) -Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025.” Report at https://www.zionmarketresearch.com/report/cloud-managed-services-market

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Cloud managed services is the outsourcing of daily IT needs for technical support and cloud-based services to enhance and automate their business operations. Many a time’s internal IT departments do not have the skills to efficiently monitor and maintain a cloud environment.  In these situations, the company hires a third-party cloud services provider to manage their cloud computing, security, application stacks, storage, network operations, vendors and others.

Global Cloud Managed Services Market

The market for cloud managed services market is expected to witness growth during the forecast period. Due to the vibrant business requirements, customers are seeking new solutions and services which can be applied in today’s rapidly changing technology. The rapid change in solutions for numerous markets has also propelled the need for services. It can also be said that the ICT services that include a wide range of integrated and professional services, is likely to meet the needs of rising need from businesses operating in infrastructure management, big data, IoT and analytics.

Furthermore, with the coming of technologies that can analyze resources stored on the cloud, enterprises are taking advantage of improved scalability and lower overhead cost; by shifting towards cloud-based big data solutions form physical machines. Additionally, According to the article published by IBM, 2.5 quintillion bytes of data created every day (2.5×1018). In which 90% of the data in the world today has been created in the last two years. This has directed enterprises across numerous verticals to modify their strategies according to the changing global trends in cloud analytics and big data. The above-mentioned factors are considered as one of the vital factors that are expected to drive the market for cloud managed services globally. The rising investments in Information and communications technology by the regions such as APAC and MEA are anticipated to have substantial growth. In addition, the demand for private and public cloud services are also anticipated to drive the growth for the market, owing to the presence of large enterprises in manufacturing, retail, telecom industries.

The market for Cloud Managed Services is segmented into service type, deployment type, organization size and industry vertical. The private cloud under deployment type will have a substantial share in the cloud-managed service market during the forecast period. The demand is increasing as it provides a secure cloud environment for the users. Numerous organizations are opting for private cloud, to have full control over their data. This will support market growth in the estimated time frame.

North America is anticipated to have a substantial share in the cloud managed services market during the forecast period. The strong financial position of countries in North America enables them to invest heavily in cutting-edge technologies and solutions, which has also given a competitive advantage to the organization in the region. Furthermore, the presence of numerous key players of the market such as Century Link Inc., IBM Corporation and Cisco Systems the region is anticipated to have a substantial share in the market.

Major market players of the cloud managed services market 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 report segments the cloud managed services market as follows:

Global Cloud Managed Services Market: Service Type Segment Analysis

  • Managed network services
  • Managed infrastructure services
  • Managed data center services
  • Managed security services
  • Others

Global Cloud Managed Services Market: Deployment Type Segment Analysis

  • Private Cloud
  • Public Cloud

Global Cloud Managed Services Market: Organization Size Segment Analysis

  • Large Enterprises
  • SMEs

Global Cloud Managed Services Market: Industry Vertical Segment Analysis

  • Government
  • Telecom and IT
  • BFSI
  • Retail
  • Healthcare
  • Energy
  • Manufacturing
  • Others

Global Edge AI Hardware Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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