Industry Background:
Cloud Managed Services is defined as an outsourcing function, where in house functionalities of an organization are outsourced, and it is managed by a managed service provider (MSP) on a cloud. There are various services are available in cloud managed service including Managed security service, Infrastructure Service, Business Services, Data Center Services, Mobility Services, and Others. Outsourced services help organizations become more capable of bringing in services they lack. Cloud managed services empowers organizations to raise their efficiency as well as concentrate on their key functions. There is the various application of cloud managed services including endpoint security, managed IDS & IPS, DDoS, UTM, and similar others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Cisco Systems Inc. (United States), IBM (United States), Accenture PLC (Ireland), Verizon Communications Inc. (United States), NTT Data Corporation (United States), CenturyLink (United States), Fujitsu Limited (Japan), Atos (France), Ericsson (United States) and Huawei Technologies (China) |
According to AMA, the market for Cloud Managed Services is expected to register a CAGR of 15.3% during the forecast period to 2027. This growth is primarily driven by Growing Adoption of Mobile Devices by Organizations for Advertising And Marketing Purposes and High Adoption of Cloud Technology.
Globally, a noticeable market trend is evident Digitalization and Mobility among Enterprises
The Cloud Computing sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Cisco Systems Inc. (United States), IBM (United States), Accenture PLC (Ireland), Verizon Communications Inc. (United States), NTT Data Corporation (United States), CenturyLink (United States), Fujitsu Limited (Japan), Atos (France), Ericsson (United States) and Huawei Technologies (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 15th October 2018, IBM has launched a new cloud-based community platform for cyber security applications. IBM Security Connect is the first security cloud platform built on open federated technologies, with AI at its core, to analyze security data across previously unconnected tools and environments.
On 7th June 2018, Cisco and NetApp have launched new FlexPod. It combines Cisco UCS Integrated Infrastructure with NetApp data services to support companies accelerate application sending and evolution to a hybrid cloud with a trusted platform for innovation. Moreover, FlexPod Datacenter for Epic EHR, a key healthcare application, is the first in a series of new pre-tested vertical solutions, with support for more healthcare applications, coming soon. FlexPod continues to be a platform for innovation as well as investment protection, presenting new authenticated solutions for the newest virtualization software, enterprise applications, and databases incorporating the latest technologies from Cisco and NetApp.
Influencing Trend:
Digitalization and Mobility among Enterprises and Rising Demand of Data Management As Well As Security Concern
Market Growth Drivers:
Growing Adoption of Mobile Devices by Organizations for Advertising And Marketing Purposes and High Adoption of Cloud Technology
Challenges:
Lack of Security Technologies and Risk of Private Information Leak
Restraints:
Low Awareness and Absence of Internet Penetration in Certain Regions and Lack of Supporting It Infrastructure
Opportunities:
Emergence of Big Data in Cloud Managed Services
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud Managed Services Market
- Analysis about New Entrants in Cloud Managed Services Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud Managed Services Study Sheds Light on
The Cloud Managed Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud Managed Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Managed Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.