Cloud Managed Services Market Is Projected To Reach Nearly US$ 237 Bn In 2032

Global sales of cloud managed services in 2021 was held at US$ 86.1 Bn. With 9.6%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. Managed Network Services are expected to be the highest revenue generating cloud managed services type, with a projected growth of 9.1% during 2022 - 2032.

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As per the cloud managed services industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2015 to 2021, market value of the cloud managed services industry increased at around 11.2% CAGR, wherein, countries such as the Germany, U.S., China and Japan held significant share in the global market.

Managed Infrastructure Services shows the highest growth potential in the cloud managed services industry. Its market is expected to grow at a rate of about 9.1% during the next ten year.

Some of the leading producers of Optical Cloud Managed Services include:

• Agfa Healthcare
• Carl Zeiss Meditec AG
• Heidelberg Engineering GmbH
• Imalux Corp.
• Michelson Diagnostics
• Novacam Technologies, Inc.
• OPTOPOL Technology S.A.
• Topcon Medical

Market Segments Covered in Cloud Managed Services Industry Analysis

• By Component :

o Solution
o Services
 Professional services
 Managed Services

• By Network Functions :

o Access and Mobility Management Function
o Session Management Function
o User Plane Function
o Policy Control Function
o Network Exposure function
o NF Repository Function
o Unified Data Management
o Authentication Server Function
o Application Function
o Network Slice Selection function
o Others

• By End-User :

o Telecom Operators
o Enterprises
• By Deployment Model :
o Cloud
o On-Premises

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The continuous surge in digitization and increase in demand of IT infrastructure is propelling the demand for high speed internet which is consequently driving the need for logistics in IT systems for high-speed data transfer, big data storage and need of data centers with increasing consumers on digital platforms. Owing to this, cloud managed services market is projected to grow at a CAGR of 9.6% over the coming 10 years.

In a recent study on the Optical Cloud Managed Services market, the economic impact of COVID-19 is assessed along with current opportunities, potential future revenue streams, and current and anticipated valuations of key market sectors. The assessments, which take up many pages, include a list of the important trends that are raising revenues, key growth drivers, and prospective opportunities.

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Regions covered in report:

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe)
• Asia Pacific (China, Japan, India, Indonesia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)

Cloud managed services market is expected to grow at a substantial rate in the forthcoming years. The market in APAC is expected to register the highest CAGR during the forecast period due to increased demand for IT infrastructure coupled with rapid expansion of digitalization in countries including Japan and China. This increase is also due to the growing innovations, investment in R & D and company partnerships among various companies..

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This release was published on openPR.