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Cloud Managed Services Market Size | COVID-19 Impact Analysis | Forecast to 2025

01-19-2021 08:11 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Cloud Managed Services Market Size | COVID-19 Impact Analysis |

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.

Request a Free Sample of our Cloud Managed Services Market: 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

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.

A full Report of Cloud Managed Services Market is Available at: https://www.omrglobal.com/industry-reports/cloud-managed-services-market

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

Company Profiles

• Accenture PLC
• Apps Associates, LLC
• Atos SE
• Capgemini SE
• CenturyLink, Inc.
• Cisco Systems, Inc.
• Civica Group, Ltd.
• DXC Technology Company
• Fujitsu, Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corp.
• Infosys, Ltd.
• IT Convergence
• NEC Corporation of America
• Netfast Technology Solutions, Inc.
• Nokia Corp.
• Nouveau Solutions, Ltd.
• NTT Data Corp.
• Onix
• Pythian Group, Inc.
• Relus Technologies, LLC.
• Sionnach Ltd T/A Version 1
• Telefonaktiebolaget L.M. Ericsson
• Trianz
• Verizon Digital Media Services, Inc.

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/cloud-managed-services-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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