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Cloud Managed Services Market Size | COVID-19 Impact Analysis | Forecast to 2025
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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.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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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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