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Cloud Managed Services Market: Global Industry Growth, Market Size, Share and Forecast 2019-2025

10-03-2019 02:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Cloud Managed Services Market

Cloud Managed Services Market

The global cloud managed services market is expected to grow at a significant CAGR during the forecast period. Cloud managed services assist the business in enhancing the operations by outsourcing daily IT management to a cloud service provider. Moreover, it enables a user to choose which IT functions they would like to manage, and the rest will be done by the service provider. Cloud managed services include application and infrastructure level support. The service provider engineers manage everything from storage, network, operating system, and computing to complicated tools, applications, and software that run top of the infrastructure.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/cloud-managed-services-market

The major factor driving the cloud managed services market is the growing utilization of cloud services for computing and data storage. Moreover, cloud-based services are getting popular and are highly adopted across the globe owing to their cost-effectiveness and ability to store huge amounts of data very economically. Additionally, cloud managed services assist in improved security in organizations by providing continuous monitoring services hence contributing to the growth of the market. With the advent of big data and the need for a large amount of data generated is propelling the growth of cloud managed services industry.

Moreover, cloud managed services provide enhancements for IT operations such as managed security operations, network operations and others owing to which there is a high demand for these services. Further, drivers include growing utilization of cloud services in SME’s and boosting cloud services offerings from third parties. However, there is a high risk of private information leaks due to the lack of security technologies and hence hampering the growth of the market. In addition, third-party cloud-based applications have the possibility of data theft and data misuse on accounts of which companies do not prefer cloud services and hence restraining the growth of the market.

Browse the full report description Cloud Managed Services Market - Global Industry Share, Growth, Competitive Analysis and Forecast, 2019-2025 at https://www.omrglobal.com/industry-reports/cloud-managed-services-market

The key players dominating the cloud managed services market include IBM Corporation (US), Cisco Systems (US), Ericsson (Sweden), Accenture PLC (Republic of Ireland), NTT Data Corporation (Japan), Fujitsu Ltd. (Japan), Huawei Technologies (China), and NEC Corporation (Japan). These players adopt various strategies such as mergers & acquisitions, products, and services offering expansion, geographical expansion, and partnership & collaboration to stay competitive in the market. For instance, in July 2019, IBM acquired RedHat for a total equity value of approximately $34 billion. The acquisition redefines the cloud market for business. Both the company’s primary objective is to accelerate innovations and provide hybrid cloud platform across the globe.

Global Cloud Managed Services Market- Segment

By Service Type
• Infrastructure Services
• Network Services
• Security Services
• Data Center Services
• Mobility Services
• Communication Services

By Deployment Models
• Public Cloud
• Private Cloud

By End-User
• Telecom & IT
• BFSI
• Government &Public Utilities
• Healthcare
• Retail
• Automotive
• Others

Global Cloud Managed Services Market- Regional

North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Middle East & Africa
• Latin America

Related Reports:
• Financial Analytics Market
• Video Streaming Market

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-040

Orion Market Research (OMR) is a market research company that endeavors to provide exclusive blend of qualitative and quantitative market research reports to global clients. Our organization helps both multinational and domestic enterprises bolster their business by providing in-depth market insights and most reliable future market trends.

Source: https://www.omrglobal.com/press-release/global-cloud-managed-services-market

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