What are the Managed cloud services:
Managed cloud services refers to outsourcing daily IT management for cloud-based services and technical support to automate and enhance
your business operations.
Global
CloudManaged Services Market is anticipated to reach USD 82.51 billion by
2025. Market is anticipated to grow at a healthy rate in the years to come.
Cloud managed services offer a variety of skillful solutions that process
information technology (IT) infrastructure and inner functionalities to be
managed in support from a third party managed service supplier through cloud
platform.
The
factors that propel the development of the market include increasing acceptance
of cloud technology among businesses for handling their application. There has
been significant increase in the acceptance of cloud-based technology as it is
inexpensive and offers real time updates and access to business application and
is anticipated to grow at a significant CAGR of 15.4% in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Cloud Managed Services Market may be explored by types, industries, deployment
outlook, vertical outlook, and geography.
The
Market may be explored by Type into Data Center, Business, Mobility, Network,
and Security. The “Managed Mobility” segment dominated the Cloud Managed
Services Market in 2016 and is anticipated to maintain its dominance by 2025
due to increasing adoption of Bring Your Own Device (BYOD) and increasing use
of personal devices will enhanced effectiveness in business operations.
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Cloud
Managed Services Market may be explored by Industries into Healthcare,
Government, Retail, IT & Telecom, Manufacturing, Others. The Market may be
explored by deployment outlook as Public, and Private. The Market may be
explored by vertical outlook as Government (State & Local, Federal) &
Education, Telecom & ITES, BFSI, Retail & Consumer, Manufacturing &
Automotive, Healthcare, and Others (Transportation, Food & Beverages,
Media, Real Estate, Oil & Gas).
The
“BFSI” segment dominated the Cloud Managed Services Market in 2016 and is
anticipated to maintain its dominance by 2025 due to reduction in risks,
improved focus on core competencies, improved regulatory compliance, and
customer relations are some of the key factors propelling the Cloud Managed
Services Market in the years to come.
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North
America accounted for the major share of the Cloud Managed Services Industry in
2016 and will continue to lead in the upcoming period due to factors such as
owing to the growing occurrence of technology giants such as Google, IBM,
Verizon Communications and Cisco Systems, and increasing government initiative
for the acceptance of cloud managed services. In addition, North America is
followed by Europe and Asia-Pacific region and anticipated to be the highest
growing region over the forthcoming period, due to the increasing adoption of
cloud managed services by the medium and small-sized enterprises, which are
projected to propel the market development.
Some
of the key players that fuel the growth of the Cloud Managed Services Market
include Hewlett-Packard Enterprise Company, Microsoft Corporation, Ericsson AB,
NEC Corporation, Cisco Systems, Inc., Accenture PLC, Huawei Technologies,
Fujitsu Ltd., NTT DATA Corporation, VMWare, Inc., BT Global Services, AT&T
Inc., and IBM Corporation. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Market
Segment:
Type
Outlook (Revenue, USD Million; 2014 - 2025)
• Business Services
• Network Services
• Security Services
• Data Center Services
• Mobility Services
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