Global Cloud Managed Services Market-Trends, Top Manufactures, Market Demands, Industry Growth Forecast: 2027

 Infinium Global Research’s recent report on the “Cloud Managed Services Market (By Service Type (Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Data Canter Services, and Managed Communication Services), By Deployment Type (Public Cloud and Private Cloud), By Organization Size (Large Enterprises and Small and Medium Enterprises), By Industry Vertical (Banking, Financial Services, and Insurance, Retail, Telecom and IT, Healthcare, Government, Energy and Utilities, and Others)): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027” provides a comprehensive outline of the factors responsible for the growth of the market. The cloud managed services market was valued at USD 35.47 billion in 2020 and is expected to reach USD 91.88 billion in 2027.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." 

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Cloud managed services denote services delivering skilled services that expand IT infrastructure and in-house functionalities to be managed in association with third-party managed providers through cloud platforms. Furthermore, these cloud-managed services offer managed security operations, managed network operations, managed applications, and mobility. These services further allow companies to enlarge the capabilities, which they lack and substitute procedures and functions that suffered enormous recurring costs. Apart from this, these services aid in optimizing recurring IT costs, automate business procedures, and transform IT systems, and also allowing companies to achieve their organizational objective.

Furthermore, the COVID-19 eruption has affected numerous countries internationally, and to control the rapid spread of the disease and face the current epidemic, nations have resorted to social distancing norms and nationwide lockdowns. As the novel coronavirus impacts age groups differently, this epidemic is having diverse implications across manifold sectors of the technology industry. Companies that deliver technological solutions for highly affected verticals such as travel, retail, entertainment, and hospitality experience considerably adverse consequences, while companies that offer remote-working solutions are seeing the exact reverse effects.

Managed Communication Services Segment is Expected to Drive the Market Growth

Most enterprises want to improve their employee productivity and augment outputs. Managed communication services help organizations overcome this difficulty with ease. These services offer a centralized system for data transfer across mediums, for example, mobile devices and personal computers. Furthermore, manifold team members can work on one document concurrently, share ideas, and add comments. This diminishes the time required to send work back and forth for feedback. The presence of numerous communication products in a user-friendly interface allows businesses to communicate professionally with different business units worldwide and ensures the smooth transition of on-going projects. Because of these above-mentioned benefits, the demand for cloud-managed communication services hasincreased among enterprises.

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Asia Pacific to Be the Fastest Growing Region in the Cloud Managed Services Market

Geographically, North America generated the largest revenue in the cloud managed services market in 2020 and is expected to continue its dominance over the forecast years. The increasing adoption of novel technologies and the launch of novel cloud solutions in the region will increase demand for the cloud-managed services market in the North American region. Moreover, the Asia Pacific region is anticipated to grow with the fastest CAGR in the cloud managed services market owing to the rising technology infrastructure in countries such as China and India. The growing penetration of cloud computing among the end-users drives the cloud-managed services market growth. In addition, the automation adoption rate in this region, predominantly in China, India, and Japan, is the highest on the globe.

IBM Corporation, Ericsson, NTT Data Corporation, and Nokia Corporation to Emerge as top Vendors of the Global Cloud Managed Services Market

The cloud managed services market is moderately fragmented in nature. Usually, the competitive rivalry among existing competitors is moderate in the cloud managed services market. Several companies in the global cloud managed services market include IBM Corporation, Ericsson, NTT Data Corporation, Nokia Corporation (Alcatel-Lucent Enterprise), and Huwaei Technologies among others. Furthermore, acquisitions and collaboration of large companies with start-ups are estimated, which are focused on innovation that drives the cloud managed services market growth.

For instance, in March 2020, IBM partnered with Infosys to deliver cloud services to numerous business verticals. Infosys willdeliver customers across verticals access to open-source offerings on IBM’s public cloud platform. Infinium Global Research’s recent report on the global cloud managed services market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the cloud managed services market and also estimates the impact of recent developments in the global market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the cloud managed services.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.