Global Cloud Managed Services Market Segments 2024, Forecast To 2033
5 Mar, 2024
The cloud managed services market grew rapidly, reaching $88.86 billion in 2023 and $98.31 billion in 2024, with a 10.6% CAGR. Historical growth is linked to the rise of cloud computing, business cost reduction, and industry-specific requirements. Expected to grow to $154.56 billion in 2028, the forecast period highlights customer experience, digital transformation, and security, with trends like AI integration and blockchain adoption shaping the market.
Global Cloud Managed Services Market Key Driver
The cloud-managed services market is expected to grow with the increasing adoption of cloud technology across enterprises. In 2021, 41% of the European Union's enterprises used cloud computing, with 73% utilizing sophisticated cloud services. The adoption of cloud technology reduces spending on physical infrastructure and enhances data accessibility. This trend contributes to the growth of the cloud-managed services market.
Get A Free Sample Of The Global Cloud Managed Services Market ReportGlobal Cloud Managed Services Market Segments
The cloud managed services market covered in this report is segmented –
1) By Service Type: Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication and Collaboration Services
2) By Deployment: Public cloud, Private cloud
3) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By End-User: Government, Retail, IT and Telecommunication, Manufacturing, BFSI, Healthcare, Energy and Utilities
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the cloud managed services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the cloud managed services market report during the forecast period. The regions covered in the cloud managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Cloud Managed Services Industry Players
International Business Machines Corporation; Ericsson Telecom AB; Amazon Web Services Inc.; Cisco Systems Inc.; Infosys Limited; NTT DATA Corporation; Fujitsu Limited; Accenture Plc.; NEC Corporation; Wipro Limited; Atos SE; Huawei Technologies Co. Ltd.; The Hewlett Packard Enterprise Company; Rackspace Technology Inc.; Cloudticity LLC; Datacom Group Limited; Connectria LLC; Microsoft Corporation; Google LLC; DigitalOcean Inc.; Oracle Corporation; SAP SE; Salesforce.com inc.; VMware Inc.; Deloitte Touche Tohmatsu Limited; Cognizant Technology Solutions Corporation; CDW Corporation; Capgemini SE; Cloudnexa Inc.; Hewlett Packard Enterprise Company; Dimension Data Holdings Plc
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AIOps Cloud Managed Services Market Overview
Cloud managed services refer to outsourced services that help organizations to run their cloud resources efficiently and therefore providing efficient operations and saving costs. These are used by organizations that outsource the management of their cloud platforms to a third party.
Cloud Managed Services Global Market Report 2023 provides data on the global cloud managed services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cloud managed services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.