Market Overview:
The global cloud managed service market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based services and the need for organizations to manage and secure their data. The managed infrastructure segment is expected to account for the largest share of the global cloud managed service market in 2018, followed by the managed network, security, data center, and mobility services segments. The BFSI sector is expected to account for the largest share of the global cloud managed service market in 2018, followed by telecom and IT, government, healthcare, retail, manufacturing energy and utilities sectors.
Product Definition:
Cloud managed service is a type of cloud computing service that provides centralized management for the entire IT infrastructure. It allows businesses to outsource the day-to-day management and operations of their IT systems to a third party, which can help improve efficiency and reduce costs.
Managed Infrastructure:
Cloud managed services are a set of tools and technologies that help enterprises achieve more from their IT infrastructure. These solutions offer increased operational efficiency, improved security & control over IT resources along with flexibility to meet changing business demands. The service providers take care of the physical hardware, network deployment, server management and application distribution ensuring an optimal level of performance for each resource.
Managed Network:
The managed network is a group of independent systems that are controlled and monitored by the service provider to ensure a smooth flow of data transmission. It helps in reducing the operational cost, enhancing business productivity, and improving customer satisfaction level. The managed network services include remote monitoring & management, traffic shaping & prioritization, bandwidth allocation & control mechanisms along with disaster recovery solutions for IT infrastructure components such as storage networks and communication links.
Application Insights:
The BFSI sector accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing demand for cloud managed services from various banking, financial services, and insurance companies (BFSI) is expected to drive the market growth. Furthermore, increasing demand for real-time analytics from within organizations to improve operational efficiency and customer experience is further anticipated to propel industry growth.
Telecom & IT segment are also estimated to grow at a lucrative CAGR during the forecast period owing to factors such as improving network infrastructure, reducing costs associated with hardware acquisition & maintenance while simultaneously delivering enhanced performance capabilities required by businesses globally. Cloud managed service providers are adopting a flexible approach by offering on-demand resources thereby enabling customers require greater flexibility in their operations without having capital expenditure requirements associated with physical equipment deployment or management.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of service providers offering managed services, along with increased adoption of cloud technologies across various industries in this region. Moreover, growing demand for high availability and performance of applications has led to an increase in spending on cloud managed services.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing investments by companies for reducing operational costs and enhancing customer experience through digital transformation initiatives. Furthermore, favorable government policies encouraging digitalization are anticipated to fuel regional growth over the next eight years. Companies such as IBM Corporation; Google Inc.; Microsoft Corporation; Cisco Systems, Inc.
Growth Factors:
- Increased demand for cloud-based services: The market is growing at a fast pace due to the increased demand for cloud-based services from small and medium businesses (SMBs) and large enterprises.
- Rapid adoption of hybrid IT models: Cloud managed service providers are offering hybrid IT models that enable customers to use public, private, and hybrid clouds together. This helps them reduce costs and improve efficiency.
- Proliferation of digital transformation initiatives: Cloud managed service providers are helping their customers with their digital transformation initiatives by providing them with the necessary infrastructure, platforms, applications, and security solutions required for these transformations.
- Emergence of new technologies: The market is growing rapidly due to the emergence of new technologies such as big data analytics, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), 5G networking, etc., which are creating new opportunities for cloud managed service providers. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Managed Service Market Research Report
By Type
Managed Infrastructure, Managed Network, Managed Security, Managed Data Center, Managed Mobility Services
By Application
BFSI, Telecom and IT, Government, Healthcare, Retail, Manufacturing, Energy and Utilities
By Companies
Cisco, Ericsson, IBM, NTT Data, Huwaei, Accenture, Alcatel-Lucent, Fujitsu, DXC, NEC, Centurylink, Civica
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Managed Service Market Report Segments:
The global Cloud Managed Service market is segmented on the basis of:
Types
Managed Infrastructure, Managed Network, Managed Security, Managed Data Center, Managed Mobility Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Telecom and IT, Government, Healthcare, Retail, Manufacturing, Energy and Utilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco
- Ericsson
- IBM
- NTT Data
- Huwaei
- Accenture
- Alcatel-Lucent
- Fujitsu
- DXC
- NEC
- Centurylink
- Civica
Highlights of The Cloud Managed Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Managed Infrastructure
- Managed Network
- Managed Security
- Managed Data Center
- Managed Mobility Services
- By Application:
- BFSI
- Telecom and IT
- Government
- Healthcare
- Retail
- Manufacturing
- Energy and Utilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Managed Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Managed Service is a managed service that provides on-demand access to the resources of a cloud provider. The service allows users to manage their resources through an online interface and receive automatic updates and alerts when changes are made to the underlying cloud infrastructure.
Some of the key players operating in the cloud managed service market are Cisco, Ericsson, IBM, NTT Data, Huwaei, Accenture, Alcatel-Lucent, Fujitsu, DXC, NEC, Centurylink, Civica.
The cloud managed service market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Managed Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Managed Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Managed Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Managed Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Managed Service Market Size & Forecast, 2020-2028
4.5.1 Cloud Managed Service Market Size and Y-o-Y Growth
4.5.2 Cloud Managed Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Managed Infrastructure
5.2.2 Managed Network
5.2.3 Managed Security
5.2.4 Managed Data Center
5.2.5 Managed Mobility Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Telecom and IT
6.2.3 Government
6.2.4 Healthcare
6.2.5 Retail
6.2.6 Manufacturing
6.2.7 Energy and Utilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Managed Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Managed Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Managed Infrastructure
9.6.2 Managed Network
9.6.3 Managed Security
9.6.4 Managed Data Center
9.6.5 Managed Mobility Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Telecom and IT
9.10.3 Government
9.10.4 Healthcare
9.10.5 Retail
9.10.6 Manufacturing
9.10.7 Energy and Utilities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Managed Infrastructure
10.6.2 Managed Network
10.6.3 Managed Security
10.6.4 Managed Data Center
10.6.5 Managed Mobility Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Telecom and IT
10.10.3 Government
10.10.4 Healthcare
10.10.5 Retail
10.10.6 Manufacturing
10.10.7 Energy and Utilities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Managed Infrastructure
11.6.2 Managed Network
11.6.3 Managed Security
11.6.4 Managed Data Center
11.6.5 Managed Mobility Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Telecom and IT
11.10.3 Government
11.10.4 Healthcare
11.10.5 Retail
11.10.6 Manufacturing
11.10.7 Energy and Utilities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Managed Infrastructure
12.6.2 Managed Network
12.6.3 Managed Security
12.6.4 Managed Data Center
12.6.5 Managed Mobility Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Telecom and IT
12.10.3 Government
12.10.4 Healthcare
12.10.5 Retail
12.10.6 Manufacturing
12.10.7 Energy and Utilities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Managed Infrastructure
13.6.2 Managed Network
13.6.3 Managed Security
13.6.4 Managed Data Center
13.6.5 Managed Mobility Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Telecom and IT
13.10.3 Government
13.10.4 Healthcare
13.10.5 Retail
13.10.6 Manufacturing
13.10.7 Energy and Utilities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Managed Service Market: Competitive Dashboard
14.2 Global Cloud Managed Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 Ericsson
14.3.3 IBM
14.3.4 NTT Data
14.3.5 Huwaei
14.3.6 Accenture
14.3.7 Alcatel-Lucent
14.3.8 Fujitsu
14.3.9 DXC
14.3.10 NEC
14.3.11 Centurylink
14.3.12 Civica
