The global Cloud Managed Services Market size is expected to reach USD 305.16 billion by 2030,
according to a study conducted by Grand View Research, Inc. The market is
expected to expand at a CAGR of 14.7% from 2023 to 2030. 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.
List of Key Players of Cloud Managed Services Market
- IBM Corporation
- Cisco Systems, Inc.
- Telefonaktiebolaget LM Ericsson
- Verizon
- Accenture
- NTT DATA Corporation
- Huawei Technologies Co., Ltd.
- Fujitsu
- CHINA HUAXIN
- CenturyLink
- Trianz
Related Press Release@ Cloud Managed Services Market Report
Cloud Managed Services Market Report Highlights
- The mobility services segment accounted for the largest revenue
share of 37.9% in 2022. Increasing the adoption of portable and mobile
devices in enterprises will further drive the growth of this segment.
- The private segment accounted for the largest revenue share of
around 86.4% in 2022. The private cloud offers several benefits to
enterprises, such as increased data security and access control.
- The SMEs segment is expected to grow at the fastest CAGR of 18.0%
over the forecast period. Customizations provided to organizations by
service providers enable them to experience flexibility. These factors are
expected to drive SMEs' adoption of cloud managed services.
- The healthcare segment held a significant revenue share in 2022. The
increased cloud adoption in the healthcare industry drives the demand for
cloud managed services.
- Asia Pacific is expected to grow at the fastest CAGR of 19.1% during
the forecast period, owing to the growing adoption of cloud managed
services by small and medium-sized enterprises, which are expected to
drive market growth.
Cloud Managed Services Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2023 |
USD
117.11 billion |
|
Revenue
forecast in 2030 |
USD
305.16 billion |
|
Growth
Rate |
CAGR of
14.7% from 2023 to 2030 |
|
Base year
for estimation |
2022 |
|
Historical data |
2017 - 2021 |
|
Forecast period |
2023 - 2030 |
Cloud Managed Services Market Segmentation
Grand View Research has segmented the global cloud
managed services market based on service type, cloud deployment, end-user,
verticals, and region:
Cloud Managed Services Service Type Outlook (Revenue, USD
Million, 2017 - 2030)
- Business
- Network
- Security
- Data Center
- Mobility
Cloud Managed Services Cloud Deployment Outlook (Revenue,
USD Million, 2017 - 2030)
- Public
- Private
Cloud Managed Services End-user Outlook (Revenue, USD
Million, 2017 - 2030)
- SMEs
- Large Enterprises
Cloud Managed Services Verticals Outlook (Revenue, USD
Million, 2017 - 2030)
- Telecom & ITES
- Government
- BFSI
- Retail & Consumer
- Healthcare
- Manufacturing & Automotive
- Others
Cloud Managed Services Regional Outlook (Revenue, USD
Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
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About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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