Cloud Managed Services Market Worth 53.78 Billion USD by 2022
Monday, May 15, 2017
PUNE, India, May 15, 2017 /PRNewswire/ --
According to a new market research report "Cloud Managed Services Market by Service
Type (Managed Infrastructure, Managed Network, Managed Security, Managed Data Center, and
Managed Mobility Services), Deployment Type, Organization Size, Industry Vertical, and
Region - Global Forecast to 2022", published by MarketsandMarkets(TM), the Cloud Managed
Services Market size is projected to grow from USD 27.15 Billion in 2017 to USD 53.78
Billion by 2022, at an expected Compound Annual Growth Rate (CAGR) of 14.6%.
Browse 85 market data tables and 61 figures spread through 147 pages and in-depth TOC
on "Cloud Managed Services Market "
Early buyers will receive 10% customization on this report.
Cloud managed services are witnessing a rising demand across the globe due to the
growing need of businesses to curb down operational and infrastructural costs involved in
business processes. The expanding big data space has facilitated a greater demand for
managed analytical services and cloud storage services.
The managed mobility services segment is expected to show higher growth rate during
the forecast period
The managed mobility services segment is expected to grow at a higher rate than
business, network, security, and data center services in the Cloud Managed Services Market
from 2017 to 2022, due to the growing trends in the adoption of Bring Your Own Device
(BYOD). The use of personal devices is growing among organization appealing enhanced
efficiency in business operations. This has pushed the prospects of managed mobility
services across diverse industry verticals for enhanced productivity, assuring data
security and privacy.
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Banking, Financial Service, and Insurance (BFSI) segment is expected to contribute
maximum market share
The BFSI segment is expected to contribute to the largest market share in the Cloud
Managed Services Market in 2017. The healthcare segment is expected to grow at a rapid
rate from 2017 to 2022 in the Cloud Managed Services Market. Greater focus on core
competencies, reduction in risks, improved cost reduction, customer relations, and
improved regulatory compliance are some of the major factors driving cloud managed
services in the BFSI sector.
Rapid adoption of cloud managed services due to a strong and well-established economy
makes North America the largest market in terms of global share
North America is expected to hold the largest market share and dominate the Cloud
Managed Services Market from 2017 to 2022, due to the presence of a large customer pool
headquartered in the US. The region also has a high concentration of managed service
providers in the US and Canada. Asia Pacific (APAC) offers potential growth opportunities,
as the region is witnessing a rise in technology penetration and larger investments in
managed services as the growth in various industrial sectors continue to stir the market
during the forecast period.
The major service providers in the Cloud Managed Services Market include Accenture plc
(Republic of Ireland), Alcatel-Lucent S.A. (Finland), Cisco Systems, Inc. (US), IBM
Corporation (US), Ericsson (Sweden), Fujitsu Ltd. (Japan), Huawei Technologies (China),
NEC Corporation (Japan), and NTT Data Corporation (Japan).
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Managed Security Services Market by Managed Services (Firewall, (IDS/IPS),
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