Cloud Managed Services Market Business Share Emerging Technologies , Industry Analysis and Forecast 2029

Cloud Managed Services Market Overview

Managed cloud services allow a customer to have full or partial control over their cloud infrastructure and resources. Migration, configuration, optimisation, security, and maintenance are examples of management tasks. These services are intended to maximise cloud service utilisation for enterprises while minimising downtime and expenses. Managed business, managed network, managed security, managed infrastructure, managed mobility, and managed communication and collaboration services are among the cloud's managed services.

Impact of COVID-19 on the Market:

The global market for cloud managed services is impacted by the COVID-19 in a number of ways, including direct affects on demand and production, interruptions to the supply chain and the marketplace, and financial implications on businesses and financial markets. The COVID-19 epidemic has led to an increase in the use of big data, cloud computing, and artificial intelligence. Regarding remote work, numerous businesses have put new laws and regulations into place.

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Cloud Managed Services Market Dynamics

An entrepreneur either lacks the necessary time or has insufficient time to consider IT infrastructure and its potential. On the other hand, company continuation depends on IT system maintenance. This makes using Managed Service Providers (MSPs) necessary. MSPs are able to proactively address and resolve issues with IT systems. Most managed service companies provide 24/7 monitoring, which incentivizes customers to use their services. IT systems are monitored by security solutions for any possible threats or disturbances. Issues and problems are often found and fixed before they become a significant source of worry for the business. This relieves business owners of the burden of thinking about IT infrastructure and upkeep so they can focus on their core strengths.

As businesses look to save infrastructure and operating costs related to corporate operations, there should be an increase in demand for cloud managed services. Businesses can focus on their core competencies by outsourcing cloud services to a third party, which boosts overall productivity. The need for managed analytical services and cloud storage has surged due to the expanding use of big data. Furthermore, as companies will be able to scale up and down their operations by providing tailored offers to the available services, the increased need for reliability and scalability may increase demand for these services.

Cloud Managed Services Market Segmentation

by Service Type

Managed Business Services
Managed Network Services
Managed Security Services
Managed Infrastructure Services
Managed Mobility Services
Managed Communication and Collaboration Services

The market is divided into managed business, managed network, managed security, managed infrastructure, managed mobility, and managed communication and collaboration services based on the services type. By 2029, the Managed Business Services sector is anticipated to have the biggest market share. Managed business services offer a number of benefits, including reduced costs, technology that is future-proof, a unique and integrated solution, resilient infrastructure, predictable and recurring monthly charges, centralised services and applications, and coverage across all service levels. Businesses are depending more and more on SaaS tools like Google suites, office productivity suites, and sales platforms as a centralised platform as cloud use grows. Businesses are now using the cloud for data protection as they become more conscious of its inherent advantages, which include cost savings and flexibility.

by Deployment Type

Public cloud
Private cloud

by Organisation Size

Large Enterprises
Small and Medium-Sized Enterprises (SMEs)

by Vertical

BFSI
Telecom
Government and public sector
Healthcare and life sciences
Retail and Consumer goods
Manufacturing
Energy and Utilities
IT
Others

Cloud Managed Services Market Key Players

1. NTT Data Corp.
2. NEC Corp.
3. Rackspace
4. Cisco Systems Inc.
5. Hewlett Packard Enterprises
6. VMWare
7. Huawei Technologies
8. AT&T
9. Microsoft Corp.
10. IBM Corp.
11. Hitachi systems security
12. Optiv security
13. Rapid7
14. Unisys
15. Ericsson
16. Amazon Web Services
17. Fujitsu Limited
18. Infosys Limited
19. Alcatel Lucent
20. Datacom
21. Huawei
22. Cloudticity
23. Connectria
24. DLT Solutions

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Table of content for the Cloud Managed Services Market includes:

Part 01: Executive Summary

Part 02: Scope of the Cloud Managed Services Market Report

Part 03: Global Cloud Managed Services Market Landscape

Part 04: Global Cloud Managed Services Market Sizing

Part 05: Global Cloud Managed Services Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

For the projection period of 2023-2029, North America will continue to lead the global market for cloud managed services. By 2029, North America is anticipated to possess the biggest market shares. North America's strong financial position allows it to invest heavily in cutting-edge technology and solutions, providing its companies a competitive edge in the market. Furthermore, a number of significant cloud managed services providers, such as IBM Corporation (US), CenturyLink Inc. (US), and Cisco Systems Inc. (US), are based in the region.

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