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Cloud Managed Services Market Size & Share, Analysis, Business Development Trends, High Growth and Forecast 2017-2027
The main objective of this report is to aid the user in understanding the market “ Cloud Managed Services” as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.
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Cloud Managed Services are being demanded significantly due to rising usage of cloud based applications among businesses for storing their data over the cloud. The cloud based applications are increasing adopted due to its cost efficiency and economical manner for storing data. The growing usage of cloud based application has encouraged businesses to take help from managed service providers to manage their cloud based applications. These cloud managed service allow user to configure application service at any level, and at any stage of the cloud.
Cloud Managed Services provides help in enhancement of IT infrastructure that needs to be managed in collaboration with third party through cloud platforms.
These services include managed network operations, managed security operations and other operations. These also improve efficiency of a company by providing them competencies in which they are lacking or replace the functions that incurs higher cost to company.
Cloud Managed Services help enterprises to focus on their business related critical activities and provide third party management to their cloud based applications. Cloud Managed Service providers help in managing business process services, storage services, hosted services, application management services, maintenance services, security management services and others.
Cloud Managed Services Market: Drivers and Challenges
The major factor driving the adoption of Cloud Managed Service is the rising cloud technology adoption among businesses for managing their application. There has been significant rise in the adoption of cloud based technology as it is less costly and provides real time access and updates to business application. Moreover other factors that are helping this market to grow are increasing usage of cloud services among SMEs, and increasing third party cloud managed service offerings.
The key challenge for Cloud Managed Service is the risk of private information leak. The cloud based offerings faces security risk due to lack of security technologies developed to secure cloud based applications. Moreover, third party management for cloud based application increases risk of data theft and data misuse due to which many companies do not select cloud managed services. The other challenges that are restricting this market to grow are lack of efficient cloud managed service technology and lack of supporting IT infrastructure.
Cloud Managed Services Market: Segmentation
Segmentation on the basis of services:
• Managed network services
• Managed security services
• IT infrastructure management services
• Managed mobility
• Cloud managed applications service
key Contracts:
In September 2016, Cognizant has entered into the partnership with Oracle to provide cloud managed service to their clients. This partnership will help Oracle to provide their customers cloud managed solution and services efficiently with the help of Cognizant.
In August 2016, Telarus, a cloud infrastructure service provider has entered into the partnership with Fusion, a cloud service provider. This partnership will help Telarus to offer its customers fully integrated suite of cloud communication, cloud connectivity and managed network services through its distribution network.
In Cloud Managed Services market there are many vendors some of them are Vodafone, Cisco, Accenture, Huawei, Ericsson, Alcatel-Lucent and others.
Regional Overview
North America is holding the largest market share currently for cloud managed service market due to high adoption of digital technologies among small and medium business. The adoption of cloud application and cloud platform is also impacting the market for cloud managed services in a positive manner. Companies such as IBM is also working towards the development of cloud managed service platforms with the partnerships and acquisitions in this market to enhance market opportunities.
In Europe region, the market for cloud managed services is witnessing high growth rate due to the increasing demand for managed service for network operations, security management, and cloud application management.
The Asia Pacific region is following the Europe region in cloud managed service market. This market is expected to have the highest growth rate in coming years due to the adoption of cloud based business application and growth in the cloud service providers.
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The report covers exhaustive analysis on:
Cloud Managed ServicesMarket Segments
• Market Dynamics
• Historical Actual Market Size, 2014 - 2016
• Market Size & Forecast 2017 to 2027
• Value Chain
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints
Regional analysis for Cloud Managed Services Market includes development in the following regions:
• North America
• By US
• By Canada
• Latin America
• By Brazil
• By Mexico
• By Others
• Europe
• By U.K.
• By France
• By Germany
• By Poland
• By Russia
• Asia Pacific
• By Australia and New Zealand (ANZ)
• By Greater China
• By India
• By ASEAN
• By Rest of Asia Pacific
• Japan
• Middle East and Africa
• By GCC Countries
• By Other Middle East
• By North Africa
• By South Africa
• By Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprints
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