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(IT-NEWSWIRE.COM, October 28, 2022 ) According to a research report "Cloud Managed Services Market by Service Type (Managed Business, Managed Network, Managed Security, Managed Infrastructure, Managed Mobility), Organization Size, Vertical (BFSI, Telecom, Retail & Consumer Goods, IT) and Region - Global Forecast to 2027" published by MarketsandMarkets, the Cloud managed services Market size is expected to grow from USD 99.0 billion in 2022 to USD 164.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.
Browse 307 market data Tables and 61 Figures spread through 293 Pages and in-depth TOC on "Cloud Managed Services Market - Global Forecast to 2027"
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Managed infrastructure services to hold the largest market share of Cloud managed services market in 2022.
Managed infrastructure services consist of a comprehensive, integrated suite of services to manage an enterprise’s distributed and hybrid IT environment as a single entity with single point-of accountability. Managed infrastructure includes storage management, service desk operations, server management, and application management. A managed infrastructure can be sourced from data center hosting, colocation, or through a cloud-based Data Center as a Service (DCaaS) platform.
Small and medium enterprises are likely to adopt cloud managed services at a higher rate during the forecast period.
SMEs are increasing their spend on IT services to meet short-term business requirements. According to Statista, in 2021, small businesses were expected to spend approximately USD 645 billion on IT services. The growth in the number of SMEs worldwide is also driving the demand for managed services to meet network requirements and security compliance. SMEs face challenges such as the lack of skilled IT personnel, unscheduled downtime, and cybersecurity risks. Cloud managed service providers can help SMEs to overcome these challenges while managing their IT costs.
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North America holds the largest market size in 2022
The cloud managed services market in North America is competitive due to the presence of a large number of service providers. The region is estimated to account for the largest market size and this trend is expected to continue till 2027. Despite strict laws and regulations, the US offers various opportunities for cloud managed service providers to meet the demands of customers across industry verticals. North American organizations have taken steps towards adopting cloud managed services to manage security, infrastructure, network, business continuity, mobility, and regulatory standards within the cloud environment.
Key Players
The major players for cloud managed services marmket includes IBM (US), Ericsson (Sweden), Cisco (US), Fujitsu (Japan), Accenture (Ireland); AWS (US); NTT DATA (Japan); Infosys (India); HPE (US); NEC (Japan); Atos (France); TCS (India); Wipro (India); Datacom (New Zealand); AT&T (US); HCL Technologies (India); CDW Corporation (US); Huawei (China) and Nokia (Finland).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
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sales@marketsandmarkets.com
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
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