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Cloud Managed Services Market

Cloud Managed Services Market Size, Share & Segmentation by 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 and Small and Medium-Sized Enterprises), by Deployment Model (Private Cloud and Public Cloud), by Vertical (BFSI, Telecom, Government and public sector, Healthcare and Lifesciences, Retail and Consumer goods, Manufacturing, Energy and Utilities, IT, Others ), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1272 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Cloud Managed Services Market size was valued at USD 87.05 Bn in 2021 and is expected to reach USD 166.11 Bn by 2028, and grow at a CAGR of 9.67% over the forecast period 2022-2028.

Cloud Managed Services is an outsourcing function in which a company's in-house functions are outsourced to be managed by a managed service provider (MSP) in the cloud. A cloud-managed service provider's offerings often include managed data center solutions, managed network solutions, and others. Outsourced services assist businesses in becoming more competitive by bringing in capabilities that they lack. Managed cloud services also assist business owners in replacing costly functions. Furthermore, the introduction of cloud-managed services has aided firms in lowering their in-house information technology costs. The service also enables a company to improve its productivity and focus on its core tasks.

Cloud Managed Services Market

Businesses were compelled to employ cloud-managed services as the use of cloud-based apps grew. They assist organizations in increasing their workflow by assisting with data management. The market grows faster when expenses are reduced and work is optimized. Its hybrid construction makes it more user-friendly.

Advanced automation and analysis to handle critical data and ensure its security. In addition, cloud-managed services employ a centralized infrastructure for data transport across several mediums. Personal computers and cell phones are two key mediums. Its user-friendly interface facilitates easy communication, which is in high demand among users.

MARKET DYNAMICS:

KEY DRIVERS:

  • Cloud-based industries are becoming more popular.

  • Customers are attracted to MSPs because they provide 24x7 monitoring.

RESTRAINTS:

  • The main dangers are the leakage and abuse of personal information.

  • Because of the increasing number of data breaches, businesses are hesitant to share important company data with MSPs.

OPPORTUNITY:

  • The emphasis on decreasing IT costs and the necessity to focus on business functions

  • Other important factors include the development of cloud automation, which aids in meeting business needs with IT by enhancing service delivery speed for end users.

CHALLENGES:

  • Understanding and analyzing cloud invoicing can be tough.

  • Nations with inadequate infrastructure.

  • The billing structure is nearly completely unclear. Furthermore, invoicing for the hybrid cloud configuration becomes more difficult.

IMPACT OF COVID-19:

COVID-19 disease has had a significant influence on the market expansion. Several economies suffered losses as a result of various restrictions and lockdowns. To better handle data, the industries shifted their focus to cloud-based platforms. The need for cloud-based apps has risen as a result of this reason. The leading players are expected to focus on providing cloud-based services for the Cloud Managed Services Market.

MARKET ESTIMATION:

Managed business services, managed network services, managed security services, managed infrastructure services, managed mobility services, and managed communication and collaboration services are the six categories of cloud managed services. Cost savings, future-proofed technology, tailored and integrated service, resilient infrastructure, predictable and recurring monthly charges, centralized services and applications, and coverage on all service levels are all advantages of managed business services. As cloud use develops, businesses are increasingly relying on SaaS apps like office productivity suites, sales platforms, and Google suites as centralized platforms. Businesses are turning to the cloud for data security as they become more aware of the cloud's inherent benefits, such as cost savings and flexibility. Cloud-based solutions such as archiving, disaster recovery as a service (DRaaS), and backing up SaaS applications are becoming more widespread. Patching security and other account-level functionalities that are required for the server's minimal performance requirements and utilization should be addressed. It aids in the reduction or elimination of server slowdowns and downtime, as well as the creation of secure servers. Enterprises use Managed Print Services (MPS) to provide a scalable and adaptable solution for managing paper and digital document processes in office and production printing environments, increasing efficiency and profitability. MPS offers a portfolio of solutions that turn unmanaged data into intelligent information by merging hardware, supplies, solutions, and services into a single platform.

Organizations that are classified as major companies. For the previous several years, managed services have mostly been given for broadband connections, VPNs, security services and IP communications, data centers, security, and mobility, which has been popular among smaller businesses. SMEs may also focus on their company operations rather than worrying about IT costs when they choose managed services.

Due to expanding consumer spending power, the retail industry is one of the fastest-growing industries, drawing significant corporations from all over the world. Increased demand for mobility solutions in the retail business has been fueled by rising trends in mobile data consumption and increased use of smartphones and tablets in the countries. To safeguard their IT systems and customer-sensitive data, retail firms have turned to security services. As a result, MSPs have plenty of chances to serve both large retailers and small enterprises. The retail business works with a vast quantity of client data in order to give customers individualized experiences.

KEY MARKET SEGMENTS:

On The Basis of type:

  • Managed Business Services

  • Managed Network Services

  • Managed Security Services

  • Managed Infrastructure Services

  • Managed Mobility Services

  • Managed Communication and Collaboration Services

On The Basis of Organization Size:

  • Large Enterprises

  • Small and Medium-Sized Enterprises

On The Basis of Deployment Model:

  • Private Cloud

  • Public Cloud

On The Basis of vertical:

  • BFSI

  • Telecom

  • Government and public sector

  • Healthcare and Lifesciences

  • Retail and Consumer goods

  • Manufacturing

  • Energy and Utilities

  • IT

  • Others

Cloud Managed Services Market

REGIONAL ANALYSIS:

The North American region is expected to have the greatest Cloud Managed Services Market Share. The advancement of technology and improved infrastructure are the primary factors of market expansion in this area. The market is also influenced by significant important players in this area. In the Cloud Managed Services Industry, the European area will have a considerable market share. The market is being driven by increased demand and improved infrastructure for new technologies. In Europe, key companies like NTT DATA Services, Verizon Communications, and others are pushing for market expansion.

Managed Cloud Services During the predicted period, industry in the Asia-Pacific area will also rise rapidly. The Asia-Pacific region will have the fastest growth due to the increased usage of cloud services. As a result of the upward trend, the market will finally thrive in the future years.

Countries in the Middle East and Africa make up the Rest of the World. The nations in these areas will expand at a slower rate than the rest of the world. The market's ability to develop at a considerable rate will be hampered by factors such as a lack of technology improvements and awareness. Because of numerous causes, the Cloud Managed Services Industry in these countries will develop significantly.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are Cisco, Atos, NTT Data Corporation, IBM Corporation, Fujitsu, Accenture, Ericsson, Alcatel Lucent, AWS, Infosys.

Cloud Managed Services Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 87.05 Bn
Market Size by 2028  US$ 166.11 Bn
CAGR   CAGR of 9.67% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by 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 and Small and Medium-Sized Enterprises)
• by Deployment Model (Private Cloud and Public Cloud)
• by Vertical (BFSI, Telecom, Government and public sector, Healthcare and Lifesciences, Retail and Consumer goods, Manufacturing, Energy and Utilities, IT, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cisco, Atos, NTT Data Corporation, IBM Corporation, Fujitsu, Accenture, Ericsson, Alcatel Lucent, AWS, Infosys.
Key Drivers • Cloud-based industries are becoming more popular.
• Customers are attracted to MSPs because they provide 24x7 monitoring.
Market Opportunities • The emphasis on decreasing IT costs and the necessity to focus on business functions
• Other important factors include the development of cloud automation, which aids in meeting business needs with IT by enhancing service delivery speed for end users.

 


Frequently Asked Questions (FAQ) :

Ans:- The Cloud Managed Services Market size was valued at USD87.05Bn in 2021.

Ans:- Understanding and analyzing cloud invoicing can be tough and the billing structure is nearly completely unclear. Furthermore, invoicing for the hybrid cloud configuration becomes more difficult.

Ans:The Cloud Managed Services Market is segmented  On The Basis of type, Organization Size, Deployment Model, and Industry vertical.

Ans:- The North American region is expected to have the greatest Cloud Managed Services Market Share.

Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions
Importers and exporters Etc


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Cloud Managed Services Market Segmentation, by Type

8.1 Managed Business Services

8.2 Managed Network Services

8.3 Managed Security Services

8.4 Managed Infrastructure Services

8.5 Managed Mobility Services

8.6 Managed Communication and Collaboration Services

 

9. Cloud Managed Services Market Segmentation, by Organization size

9.1 Large Enterprises

9.2 Small and Medium-Sized Enterprises

 

10. Cloud Managed Services Market Segmentation, by Deployment Model

10.1 Private Cloud

10.2Public Cloud

 

11. Cloud Managed Services Market Segmentation, by Vertical

11.1 BFSI

11.2 Telecom

11.3 Government and public sector

11.4 Healthcare and Lifesciences

11.5 Retail and Consumer goods

11.6 Manufacturing

11.7 Energy and Utilities

11.8 IT

11.9 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 Cisco

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Atos

13.3 NTT Data Corporation

13.4 IBM Corporation

13.5 Fujitsu

13.6 Accenture

13.7 Ericsson

13.8 Alcatel Lucent

13.9 AWS

13.10 Infosys

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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