Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Cloud Managed Services Market by Type, Deployment Mode, Organization Size, Sector - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The research report titled provides an in-depth analysis of cloud managed services market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global cloud managed services market is projected to reach USD 247.5 billion by 2030, at a CAGR of 14.2% during the forecast period of 2023-2030. The growth of the cloud managed services market is driven by the technological advances supporting the adoption of cloud services, the growing need for cloud services in the BFSI sector, and the increasing importance of managed cloud services in the healthcare sector.
Moreover, the increasing focus on customized and managed cloud services and integration of cloud technologies with in-house apps provide significant opportunities in the global cloud managed services market. Enterprises' increasing preference for storage-as-a-service and rising demand for backup and archive-as-a-service are some of the key trends observed in the cloud managed services market.
The study offers a comprehensive analysis of the global cloud managed services market by type, deployment mode, organization size, sector, and geography.
Based on type, the global cloud managed services market is segmented into cybersecurity services, infrastructure services, business services, network services, data center services, communication and collaboration services, and mobility services. In 2023, the network services segment is expected to account for the largest share of the global cloud managed services market. The large market share of this segment is attributed to the rising adoption of managed VPN and SD-WAN services among telecommunication data centers and the growing need to reduce repetitive or mundane tasks, speed up processes, and drive down overheads. However, the mobility services segment is expected to register the highest CAGR during the forecast period.
Based on deployment mode, the global cloud managed services market is segmented into public cloud, private cloud, and hybrid cloud. In 2023, the public cloud segment is expected to account for the largest share of the global cloud managed services market. The large market share of this segment is attributed to the growing demand for cloud managed services due to their cost-effectiveness, and increasing demand for public cloud managed services to avoid the high upfront costs of setting up and maintaining own on-premises infrastructure for businesses. However, the hybrid cloud segment is expected to register the highest CAGR during the forecast period.
Based on geography, the global cloud managed services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global cloud managed services market. North America's large market share is attributed to the growing adoption of cloud managed services by large IT companies to reduce capital costs and transfer them into operational expenses, and the increasing need for different businesses to concentrate on their core functions.
The key players operating in the global cloud managed services market are Google LLC (a subsidiary of Alphabet Inc.) (U.S.), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), Oracle Corporation (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Accenture plc (Ireland), NEC Corporation (Japan), Nokia Corporation (Finland), Amazon Web Services, Inc. (a subsidiary of Amazon.com, Inc.) (U.S.), Wipro Limited (India), Tata Consultancy Services Limited (India), Infosys Limited (India), AT&T Inc. (U.S.), CloudNow Technologies Pvt Ltd (India), and ISmile Technologies (U.S.).
Market Dynamics
Drivers
- Technological Advancements Supporting the Adoption of Cloud Services
- Growing Need for Cloud Services in the BFSI Sector
- Increasing Importance of Managed Cloud Services in the Healthcare Sector
Restraints
- High Cost of Managed Services
Opportunities
- Increasing Focus on Customized and Managed Cloud Services
- Integration of Cloud Technologies with In-house Apps
Challenges
- Security & Privacy Risks Associated with Multi-tenancy
- Compliance Issues, Limited Flexibility, and Unpredictable Costs of Cloud Services
Trends
- Enterprises' Increasing Preference for Storage-as-a-Service
- Integration of IoT with Cloud Managed Services
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, deployment mode, organization size and sector?
- What is the historical market for cloud managed services across the globe?
- What are the market forecasts and estimates for the period of 2023-2030?
- What are the major drivers, restraints, opportunities, challenges, and trends in the global cloud managed services market?
- Who are the major players in the global cloud managed services market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global cloud managed services market?
- What are the different strategies adopted by the major players in the global cloud managed services market?
- What are the geographical trends and high-growth countries?
- Who are the local emerging players in the global cloud managed services market and how do they compete with the other players?
Scope of the Report
Cloud Managed Services Market, by Type
- Cybersecurity Services
- Cloud Security Services
- Endpoint Security Services
- Network Security Services
- Application Security Services
- Other Cybersecurity Services
- Infrastructure Services
- Business Services
- Network Services
- Network Monitoring & Management Services
- Network Provisioning Services
- Data Center Services
- Data Storage, Backup & Disaster Recovery Services
- Data Monitoring & Migration Services
- Communication and Collaboration Services
- Unified Communications as a Service
- Managed VoIP Services
- Mobility Services
- Device Management Services
- Application Management Services
Cloud Managed Services Market, by Deployment Mode
- Public Cloud
- Private Cloud
- Hybrid Cloud
Cloud Managed Services Market, by Organization Size
- Small & Medium-sized Enterprises
- Large Enterprises
Cloud Managed Services Market, by Sector
- IT & Telecommunications
- BFSI
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Manufacturing
- Government & Public Sector
- Energy & Utility
- Oil & Gas
- Automotive
- Other Sectors
Cloud Managed Services Market, by Geography
- North America
- U.S.
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- UAE
- Israel
- Rest of Middle East & Africa
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Cloud Managed Services Market, by Type
6. Cloud Managed Services Market, by Deployment Mode
7. Cloud Managed Services Market, by Organization Size
8. Cloud Managed Services Market, by Sector
9. Cloud Managed Services Market, by Geography
10. Cloud Managed Services Market-Competitive Landscape
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12. Appendix
Companies Mentioned
- Google LLC (a subsidiary of Alphabet Inc.) (U.S.)
- Microsoft Corporation (U.S.)
- International Business Machines Corporation (U.S.)
- Oracle Corporation (U.S.)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Accenture plc (Ireland)
- NEC Corporation (Japan)
- Nokia Corporation (Finland)
- Amazon Web Services Inc. (a subsidiary of Amazon.com Inc.) (U.S.)
- Wipro Limited (India)
- Tata Consultancy Services Limited (India)
- Infosys Limited (India)
- AT&T Inc. (U.S.)
- CloudNow Technologies Pvt Ltd (India)
- ISmile Technologies (U.S.).
For more information about this report visit https://www.researchandmarkets.com/r/3qz2k5
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