WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Wednesday, February 20, 2019 
Add Press Release News | News Feeds Feeds | Email This News Email

Cloud Managed Services Market to Grow at a 9.60% CAGR due to Rising Adoption of Big Data, Says TMR
Friday, December 07, 2018

ALBANY, New York, December 7, 2018 /PRNewswire/ --

The global cloud managed services market [ ] is expected to witness healthy growth in the coming years, as reported by Transparency Market Research (TMR). The vendor landscape of this market currently features fragmentation. At the same time, stiff competition exists between market players. Several new vendors are expected to foray into the global cloud managed services in the coming years, augmenting the competition.

(Logo: )

A number of small and medium enterprises (SMEs) are seen adopting managed services to enhance their business offering. This is further encouraging vendors to create suitable products for such organizations. Key vendors operating in the global cloud managed services market include Hewlett Packard Enterprises, AT&T, Cisco Systems Inc., NTT Data Corp., and VMWare.

Get PDF Brochure for Research Insights at:

According to TMR, the global market for cloud managed services is expected to grow at a 9.60% CAGR in over the forecast period of 2017 and 2022 and is projected to reach market valuation of around US$ 86.4 bn towards the end of the year 2022.

On the basis of service, cloud-based security services are expected to experience a high growth potential, on account of surge in adoption of mobile data security services in developing organizations.

Geography-wise, North America is expected to continue being the leading regional market over the forecast period, with a 8.10% CAGR over the forecast period.

Get Discount on this Report -

Demand for Robust Infrastructure to Boost Growth 

Accessibility of strong framework will remain a concern for service suppliers as a continuous web network is required for conveyance of services. Synchronous access from numerous clients to the cloud may result into system clog which can hamper the web speed and can prompt a downtime. Monstrous load from different customer access on server may result in power disappointment which can disturb business activities incidentally.

Thus, there has been noteworthy ascent in the adoption of cloud based innovation as it is less expensive and gives ongoing access and updates to business application. Additionally, other factors fuelling the global cloud managed services market are expanding use of cloud services among SMEs, and growing external cloud managed service application.

Request a Sample of Report:

Novel Trend of BYOD to Offer Rich Opportunity  

The soaring big data space has encouraged a more prominent interest for managed cloud services and cloud stockpiling services. The utilization of personal device is rising in enterprises, encouraging productivity in business activities. This has pushed the possibilities of managed cloud services over various industry verticals for improved profitability, guaranteeing information security and protection.

The market will foresee a few restrictions too, for example, data security, and poor availability. These variables are expected to hamper the market development over the forecast period. Information security will be a noteworthy limiting factor as it will influence cloud adoption to some extent. It will lead service suppliers to concentrate more on including security features to gain customers in the coming years.

This review is based on TMR's report titled, "Cloud Managed Services Market (Service - Managed Network Service, Managed Security Service, Managed Mobility, and IT Infrastructure Management Service; End User - Large Enterprises and Small and Medium Enterprises (SMEs); Industry - BFSI, IT and Telecom, Healthcare, and Government) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."

Browse Research Release:

Global Cloud Managed Service Market Segmentation 

By Applications Type: 

        - Managed Network Service
        - Managed Security Service
        - Managed Mobility
        - IT Infrastructure Management Service

By End User Type: 

        - Large Enterprises
        - Small and Medium Enterprises (SMEs)

By Industry Type: 

        - BFSI
        - IT and Telecom
        - Healthcare
        - Government

By Geography 

        - North America
        - Latin America
        - Europe
        - Asia Pacific
        - Middle East and Africa

Browse More IT & Telecom Market Research Reports [ ]

Popular Research Reports by TMR: 

        - Managed File Transfer Market:

        - Exploration and Production (E&P) Software Market:

        - Data Protection as a Service (DPaaS) Market:

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.


        Mr. Rohit Bhisey 
        Transparency Market Research 
        State Tower, 
        90 State Street, 
        Suite 700, 
        Albany NY - 12207 
        United States 
        Tel: +1-518-618-1030 
        USA - Canada Toll Free: 866-552-3453 



Research Blog:


SOURCE Transparency Market Research

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Napatech FPGA Solutions Boost Mobile Networks through NFV Infrastructure Scaling | Feb 20, 2019
Nav Geographic Information System Market to be Driven by Rising Application in Urban Planning & Smart Cities and Increasing Location-Based Facilities Till 2025 | Million Insights | Feb 20, 2019
Nav Flow Computers Market Size Worth $1.33 Billion by 2025 | CAGR: 7.8%: Grand View Research, Inc. | Feb 20, 2019
Nav Digi International Highlights Latest IoT Connectivity Solutions and Customer Use Cases at Embedded World 2019 | Feb 20, 2019
Nav SWEAGLE, the Software Eagle, Drives the Digital Future of Enterprise Applications and Lands $3.0M in Funding | Feb 20, 2019
Nav Mobile Marketing Association Reveals Shortlists for the Global and North America SMARTIES Business Impact Index | Feb 20, 2019
Nav DB CyberTech Receives EU Patent for Structured Data Extraction | Feb 20, 2019
Nav Commercial Real Estate simplified: Komreal is the one-stop solution for commercial real estate | Feb 20, 2019
Nav PolarFire FPGA-Based Solution Enables Lowest-Power, Smallest-Form-Factor 4K Video and Imaging Applications | Feb 20, 2019
Nav Synergetics licenses OpenFLIS platform to modernize military logistics | Feb 20, 2019

Submit News | View More News View More News