AWS Managed Services Market Size, Trends, Growth Analysis And Forecast 2024-2033

The Business Research Company recently released a comprehensive report on the Global AWS Managed Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The AWS managed services market size has grown rapidly in recent years. It will grow from $0.67 billion in 2023 to $0.78 billion in 2024 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to migration from on-premises to cloud, increasing focus on business agility, economic pressures and cost optimization, increasing complexity of IT infrastructures, and global expansion of businesses.

The AWS managed services market size is expected to rapid growth growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to focus on digital transformation, rise of remote work, increasing number of aws customers, increasing focus on sustainability, and increasing demand for cloud-based solutions. Major trends in the forecast period include technological advancements, businesses digitization, increasingly adopting multi-cloud and hybrid cloud strategies, expansion of artificial intelligence (AI) and machine learning capabilities, and adoption of serverless computing.

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Market Drivers and Trends:

The growing demand for cloud-based solutions is expected to propel the growth of the AWS managed services market going forward. Cloud-based solutions refer to software applications, services, or resources hosted and delivered over the internet, typically from remote servers managed by a third-party provider. Cloud-based solutions are increasing due to several factors, such as security and compliance, remote access to applications, highly redundant and resilient infrastructure, and prioritized security and compliance. AWS managed services streamline the administration of AWS infrastructure and operations, enabling businesses to prioritize innovation and core business functions. Leveraging AMS enables organizations to bolster security, meet regulatory requirements, optimize expenditures, and maintain dependable performance for their cloud-based solutions on AWS. For instance, in December 2023, according to the European Union, a Netherlands-based international organization, the percentage of EU businesses that bought cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Therefore, the growing demand for cloud-based solutions is driving the growth of the AWS managed services market.

Major companies operating in the AWS managed services market are focused on developing innovative services such as Deadline Cloud to streamline and optimize cloud-based rendering and content creation workflows. Deadline Cloud is a fully managed service that simplifies render management for teams creating computer-generated 2D and 3D graphics and visual effects for films, TV shows, commercials, games, and industrial design. For instance, in April 2024, Amazon Web Services, a US-based cloud computing company, launched Deadline Cloud, a fully managed service. The service can scale thousands of compute instances up and down, minute to minute, to handle complex rendering jobs and meet challenging turnaround times. The service provides a dashboard and step-by-step setup wizard to create a cloud-based render farm, making it easy for artists to define job parameters and manage rendering projects.

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Major Key Players of the Market:

Google LLC, Amazon Web Services Inc, Accentur*e plc, IBM Corporation, Microsoft Azure, Oracle Corporation, SAP SE, Capgemini SE, DXC Technology Company, Alibaba Cloud, Workday Inc., Slalom LLC, Rackspace Inc., Claranet Group Limited, Smartronix Inc., GS Lab, e-Zest solutions, Cloudreach Inc., 8K Miles Software Services Ltd., Onica, Logicworks, Reliance Cloud (Pty) Ltd., Stratalux Inc., Cloudnexa Inc

AWS Managed Services Market 2024 Key Insights:

• The AWS managed services market size is expected to rapid growth growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%.
• The Role Of Cloud Computing In Driving Office AWS Managed Services Market Growth
• Amazon Web Services Launches Deadline Cloud To Revolutionize Render Management For Creative Industries
• North America was the largest region in the aws managed services market in 2023

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