The global Cloud Managed Services Market size is expected to reach USD 82.51 billion by 2025, according to a study conducted by Grand View Research, Inc. The focus of enterprises on primary business operations is resulting into higher cloud managed services adoption. Business services, security services, network services, data center services, and mobility services are major categories in cloud managed services market. Implementation of these services will help enterprises to reduce IT and operations costs and will also enhance productivity of those enterprises.
Availability of developed IT infrastructure will drive
the managed cloud services adoption in North America. The regional markets of
APAC and Middle East & Africa will witness significant growth. This growth
will be a result of increased cloud adoption and increase in significant
investments from prominent players.
The market will observe some restraints as well, such as
data privacy & security, and poor connectivity. These factors are expected
to hamper the market growth during the forecast period. Data security will be a
major restraining factor as it will affect cloud adoption and cloud managed
services market as well. It will lead service providers to focus more on
including security features to acquire customers.
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Further key findings from the study
suggest:
- Increasing mobile device adoption will drive the
growth rate of mobility services segment
- High security and increased service level will drive
private cloud deployment with an expected CAGR of 16% during the
forecasted period
- Customization along with reduction in IT costs will
drive adoption in small and medium enterprises
- Increasing levels of data security will drive the
growth of healthcare segment in the market
- Increased investment in cloud technologies by
countries such as China and India will drive the Asia Pacific regional
market growth rate
- The major industry players include Cisco Systems
Inc., IBM, Verizon Communications Inc., Ericsson, and NTT Data Corporation
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company provides syndicated research reports, customized research reports, and
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