Cloud Managed Services Market Estimated to Grow at 15% CAGR during 2017-2023

Pune, India, February 20, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on Cloud Managed Services Market.

Market Highlights

The global cloud managed services market is projected to witness a rapid growth during the forecast period. The growing demand for cloud managed services among industries helps in optimizing the IT cost and improvise business efficiency.

The global cloud managed services market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the Cloud Managed Services market in North America region is expected to witness a significant growth and hold the largest market share during the forecast period. Owing to the presence of large number of established key players such as the availability of advanced IT infrastructure is expected to drive the adoption of cloud managed services. And presence of other market players such as Cisco Systems (U.S.), Ericsson (U.S.), Verizon Communications (U.S.) and IBM technologies (U.S.) is further aiding the market growth.

In the global cloud managed services market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions as enterprises are shifting toward the cloud based services and major technology providers, such as IBM, Microsoft and Google, are making momentous investments for the same.

The global cloud managed services market is projected to reach USD 55 billion at a CAGR of over 15% by the end of the forecast period 2017-2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Cloud Managed Services market Research Report-Forecast to 2023”.

Cloud Managed Services Market Segmentation

The global cloud managed services market is segmented by type, deployment, organization size and end-user. The type segment consists of managed infrastructure services, managed network services, and managed security services, managed data center services, managed mobility services, and managed communication services. The deployment type segment consists of public cloud and private cloud. The organization size segment consists of small & medium enterprises and large enterprises. The vertical segment consists of BFSI, IT & telecommunication, government, healthcare, retail, manufacturing, energy & utilities, and others.

Some of the prominent players in the global Cloud Managed Services market: IBM technologies (U.S.), Huawei Technologies (China), Alcatel-Lucent (Finland), NTT DATA Corporation (Japan), Cisco Systems (U.S.), Ericsson (U.S.), Verizon Communications (U.S.), Accenture PLC (Ireland), NTT DATA Services (U.S.), Fujitsu Ltd.(Japan) among others.

Market Research Analysis

North America is estimated to account for the highest position in the Cloud Managed Services market, whereas Asia Pacific market is projected to be the fastest growing during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for data base management across different industry verticals in this region. The U.S. holds a majority of the market share both in terms of revenue as well as adoption of advance solutions.