Cloud Managed Services Market Market 2020 | Impact of COVID-19 Outbreak | Growth size, Industry players and Global forecast to 2030

Cloud Managed Services market grew at USD 62.4 billion in 2020 and is expected to grow at a CAGR of 13.3% during the forecast period. The services in this market includes network services, business services, security services and mobility services, which helps companies to cut capital costs and transfer them into operational costs. Huge infrastructural capital investments can be avoided through cloud management services which act as a cause for the market growth.
Global Cloud Managed Services Market: Segments

The Cloud Managed Services Market can be segmented on the basis of service type, deployment insight, end-user, vertical and regions.
By service type it can be further segmented into business, network, security, data center and mobility, where the mobility segment is expected to show the highest growth due to the increase in demand for smart phones.

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Global Cloud Managed Services Market: Drivers and Restraints
Rise in demand among SMSE increases the market size
The rising demand for cloud managed services among small and medium scaled businesses for managing their application and storing data is the major driver of the market growth. The features such as cost efficiency, real time access, economical manner and update in business application increases the demand of this market. Other benefits of cloud managed services include IT functionality and customized services of IT.

Private data leakage and inefficiency acts as a restraint in the market
The major restraint in the cloud managed services market is the risk of private data leakage as third-party cloud-based management increase the risk for data misuse and theft. Additionally, the lack of efficiency in service technology and non-supporting IT infrastructure also hampers the growth of the market.

Cloud Managed Services Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.

APAC region is expected to register the highest growth due to the increased demand of cloud managed services by the small and medium sized enterprises. It enables the organizations to increase their revenue and productivity of employees. While, on the other hand North America is to hold the largest market share because of the high adoption of cloud-based business applications, managed service for security management, network operations and cloud application management.

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Cloud Managed Services Market: Key players
• Infosys Limited
o Business Strategy
o Key Product offerings
o Financial performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Cisco Systems Inc
• Accenture PLC
• Ericsson
• International Business Machines Corporation
• Amazon Web Services
• NTT DATA Corporation
• Fujitsu Limited
• Hewlett Packard Enterprise Company
• NEC Corporation
• Alcatel Lucent
• DLT Solutions.
The Cloud Managed Services Market report also contains analysis on:
Cloud Managed Services Market segments:-
• By service type
o business
o network
o security
o data center
o mobility
• By deployment insight
o Public
o private
• By end-user
o small and medium sized enterprises
o large enterprises
• By vertical
o Telecom
o Government and Education
o financial services
o consumer
o healthcare
o manufacturing
• Cloud Managed Services Market dynamics
• Cloud Managed Services Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

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