Press release
Cloud Managed Services Market Growth, Forecast and Value Chain 2017-2027
Cloud Managed Services provides help in enhancement of IT infrastructure that needs to be managed in collaboration with third party through cloud platforms.
These services include managed network operations, managed security operations and other operations. These also improve efficiency of a company by providing them competencies in which they are lacking or replace the functions that incurs higher cost to company.
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Cloud Managed Services help enterprises to focus on their business related critical activities and provide third party management to their cloud based applications. Cloud Managed Service providers help in managing business process services, storage services, hosted services, application management services, maintenance services, security management services and others.
Cloud Managed Services Market: Drivers and Challenges
The major factor driving the adoption of Cloud Managed Service is the rising cloud technology adoption among businesses for managing their application. There has been significant rise in the adoption of cloud based technology as it is less costly and provides real time access and updates to business application. Moreover other factors that are helping this market to grow are increasing usage of cloud services among SMEs, and increasing third party cloud managed service offerings.
The key challenge for Cloud Managed Service is the risk of private information leak. The cloud based offerings faces security risk due to lack of security technologies developed to secure cloud based applications. Moreover, third party management for cloud based application increases risk of data theft and data misuse due to which many companies do not select cloud managed services. The other challenges that are restricting this market to grow are lack of efficient cloud managed service technology and lack of supporting IT infrastructure.
Cloud Managed Services Market: Segmentation
Segmentation on the basis of services:
Managed network services
Managed security services
IT infrastructure management services
Managed mobility
Cloud managed applications service
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key Contracts:
In September 2016, Cognizant has entered into the partnership with Oracle to provide cloud managed service to their clients. This partnership will help Oracle to provide their customers cloud managed solution and services efficiently with the help of Cognizant.
In August 2016, Telarus, a cloud infrastructure service provider has entered into the partnership with Fusion, a cloud service provider. This partnership will help Telarus to offer its customers fully integrated suite of cloud communication, cloud connectivity and managed network services through its distribution network.
In Cloud Managed Services market there are many vendors some of them are Vodafone, Cisco, Accenture, Huawei, Ericsson, Alcatel-Lucent and others.
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