Report Scope & Overview:
Cloud Managed Services Market size was valued at USD 95.46 Bn in 2022 and is expected to reach USD 199.78 Bn by 2030, and grow at a CAGR of 9.67% over the forecast period 2023-2030.
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.
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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
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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 & Other Players.
IBM Corporation - Company Analysis
| Report Attributes | Details |
| Market Size in 2022 | USD 95.46 Bn |
| Market Size by 2030 | USD 199.78 Bn |
| CAGR | CAGR of 9.67% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
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