Managed Cloud Services Market by Global Demand, Latest Technology and Outlook 2021-2030

Managed cloud services encompass services that offer partial or complete management of a client’s cloud resources or infrastructure. This includes a variety of IT task such as migration, configuration, maintenance, security, and optimization. These services can be provided on private, public or hybrid cloud environments to enable an organization minimize its internal IT tasks and thereby save time and cost. Other benefits of managed cloud services include resource optimization, integrated cloud services, predictable pricing, disaster recovery support, compliance support, improved system availability, rapid response time, and many others. Cloud-managed services can also be customized according to the business requirements and budget.

Access Full Description of this report at:-
https://www.nextmsc.com/report/managed-cloud-services-market

Competitive Landscape

The managed cloud services market is comprised of various market players such as Google LLC, Cisco Systems, Inc., Cloudnexa, Inc., Telefonaktiebolaget LM Ericsson, IBM Corporation, Amazon Web Services, Inc., Rackspace Technology, Inc., Capgemini SE, NTT DATA Corporation, and Infosys Limited. Some of the other key players includes Wipro Limited, Hewlett Packard Enterprise Company, Tata Consultancy Services, Datacom Group Limited, and Microsoft Corporation. Some of the players are launching innovative solutions to garner high consumer base. For instance, in March 2020, Lightstream and CloudCheckr announced a strategic partnership to launch Lightstream Cloud Managed Services (CMS). The Lightstream’s CMS solution helps organizations of all sizes to improve the day-to-day administration and maintenance of their cloud infrastructures through a flexible mix of consulting, integration and managed services.

Market Dynamics and Trends

Increasing adoption of cloud infrastructure especially among enterprises in Asia-Pacific and North America is a major factor expected to drive the growth of managed cloud services market during the forecast period. For instance, on February 04, 2020 NTT DATA Services went into a three-year strategic collaboration agreement with Amazon Web Services, Inc. to deliver new products, services, and solutions that are designed to accelerate cloud transformations. With this collaboration, NTT DATA can provide its clients advisory and development services, as well as implementation, migration, and management of solutions on AWS.

Growing demand for cloud migration services and increased adoption of subscription-based cloud service that offers on-demand network access to shared pool of computer resources are boosting managed cloud services market. In addition, inclination towards data-driven technologies such as big data and analytics along with growing need for platform-as-a-service further increase the demand for cloud storage. Moreover, factors such as increased investments across countries towards the adoption of advance technology to make existing infrastructure agile have resulted into greater utilization of managed cloud services.

However, rising concerns associated with cyber security and data privacy are the factors restraining the growth of market during the forecast period. On the contrary, proliferation of cloud services in developing economies such as India and china coupled with rise in private and public sector investments in cloud infrastructure amidst COVID-19 and work from home scenarios are factors expected to create ample growth opportunities for the market in the coming years.

Request sample copy of this report at:-
https://www.nextmsc.com/managed-cloud-services-market/request-sample

Geographical Analysis

North America holds the highest revenue share in global managed cloud services market in 2020. This is attributed to factors such as increased adoption of public cloud infrastructure and rise in IT spending among various industries in this region in the aftermath of the COVID-19 crisis. Moreover, presence of major players operating in this region has been further driving the growth of the market. For instance, in Oct, 2021 Fast-food restaurant chain Wendy’s partnered with Google Cloud to use Google Cloud’s data analytics, artificial intelligence (AI), machine learning (ML), and hybrid Cloud tools. This helped Wendy to increase the customer base with the help of managed cloud services.

However, Asia-Pacific managed cloud services market is expected to show a swift rise in the coming years due to intriguing government’s initiatives and investments in the cloud sector. For instance, On January 31, 2021, China’s State Council announced an “Action Planfor Constructing a High-Standard Market System”. This plan directs experts or authorities to expand investment in new infrastructure construction that includes cloud computing, artificial intelligence, blockchain, andother new technology infrastructure. In addition, the new infrastructure construction also includes data centers, smart computing centers, and other computing power infrastructure.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.