Strong Growth Ahead: Cloud Managed Services Market Size To Grow At Arecord 14.1% Cagr By 2029

The Cloud Managed Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Cloud Managed Services Market Size Expected to Be by 2034?
Over the past few years, the cloud managed services market has seen robust growth. Its size is projected to expand from $96.12 billion in 2024 to $105.21 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. Factors such as the emergence of cloud computing, initiatives to cut business costs, security and compliance issues, sector-specific needs, and intricate operations have fueled this growth during the historic period.

In the coming years, a swift expansion is anticipated for the cloud managed services market, with expectations being set at $178.45 billion by 2029. This equates to a compound annual growth rate (CAGR) of 14.1%. Factors contributing to the forecasted growth encompass enhanced customer service and support, initiatives for digital transformation, a competitive service provider landscape, needs for security and compliance, as well as the adoption of hybrid and multi-cloud. The forecast period is also expected to see significant trends such as industry-specific solutions, IoT infrastructure support, demands for scalability and flexibility, increased focus on security and compliance, and continued uptake of hybrid and multi-cloud.

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What Are the Emerging Segments Within the Cloud Managed Services Market?
The cloud managed services market covered in this report is segmented -

1) By Service Type: Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication And Collaboration Services
2) By Deployment: Public Cloud, Private Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End-User: Government, Retail, IT And Telecommunication, Manufacturing, BFSI, Healthcare, Energy And Utilities

Subsegments:
1) By Managed Business Services: Business Process Outsourcing (BPO), IT Helpdesk Services, Cloud Services Management, Application Management Services
2) By Managed Network Services: Network Monitoring And Management, WAN Optimization, Network Security Management, SD-WAN Services
3) By Managed Security Services: Security Information And Event Management (SIEM), Threat Intelligence Services, Incident Response Services, Vulnerability Management
4) By Managed Infrastructure Services: Data Center Management, Server Management, Storage Management, Backup And Disaster Recovery Services
5) By Managed Mobility Services: Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Security Services, Enterprise Mobility Management (EMM)
6) By Managed Communication And Collaboration Services: Unified Communication As A Service (UCaaS), Video Conferencing Solutions, Collaboration Tools Management, VoIP Services

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What Long-Term Drivers Are Shaping Cloud Managed Services Market Trends?
The advancement of the cloud-managed services market is projected to be driven by the growing adoption of cloud technology amongst businesses. This technology enables individuals or companies to store and manipulate data via the internet, on a platform separate from where it's used, thereby negating the need for physical infrastructure. The utilization of cloud technology via managed services reduces the need for significant expenditure on establishing and maintaining physical data storage infrastructure, and offers easy data accessibility. As an illustration, Google LLC, an IT firm based in the U.S, noted in January 2023 that there was a 56% rise in public cloud utilization from 2021 to 2022, with 76% of people using the public cloud in 2022. Consequently, this surge in the adoption of cloud technology by enterprises is stimulating the growth of the cloud-managed services market.

Who Are the Top Competitors in Key Cloud Managed Services Market Segments?
Major companies operating in the cloud managed services market include International Business Machines Corporation, Ericsson Telecom AB, Amazon Web Services Inc., Cisco Systems Inc., Infosys Limited, NTT DATA Corporation, Fujitsu Limited, accenture* Plc., NEC Corporation, Wipro Limited, Atos SE, Huawei Technologies Co. Ltd., Rackspace Technology Inc., Cloudticity LLC, Datacom Group Limited, Connectria LLC, Microsoft Corporation, Google LLC, DigitalOcean Inc., Oracle Corporation, SAP SE, Salesforce.com inc., VMware Inc., Deloitte Touche Tohmatsu Limited, Cognizant Technology Solutions Corporation, CDW Corporation, Capgemini SE, Cloudnexa Inc., Hewlett Packard Enterprise Company, Dimension Data Holdings Plc

What Cloud Managed Services Market Trends Are Gaining Traction Across Different Segments?
The primary trend gaining momentum in the cloud-managed services market is technological advancements. The leading companies in this sector are focusing on innovation and creating technologically sophisticated solutions to solidify their market dominance. For example, IBM, a reputable tech company from the U.S., rolled out the IBM Hybrid Cloud Mesh in May 2023. This cutting-edge product is designed to help businesses regain control of their multicloud infrastructure. This solution allows for streamlined and automated management and security for hybrid cloud settings, thereby ensuring smooth operations across several cloud platforms.

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Which Regions Are Becoming Hubs for Cloud Managed Services Market Innovation?
North America was the largest region in the cloud managed services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the cloud managed services market report during the forecast period. The regions covered in the cloud managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cloud Managed Services Market?
2. What is the CAGR expected in the Cloud Managed Services Market?
3. What Are the Key Innovations Transforming the Cloud Managed Services Industry?
4. Which Region Is Leading the Cloud Managed Services Market?

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