Global Cloud Managed Services Market is anticipated to reach USD 82.51 billion by 2025. Market is anticipated to grow at a healthy rate in the years to come. Cloud managed services offer a variety of skillful solutions that process information technology (IT) infrastructure and inner functionalities to be managed in support from a third party managed service supplier through cloud platform.

The factors that propel the development of the market include increasing acceptance of cloud technology among businesses for handling their application. There has been significant increase in the acceptance of cloud-based technology as it is inexpensive and offers real time updates and access to business application and is anticipated to grow at a significant CAGR of 15.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Cloud Managed Services Market may be explored by types, industries, deployment outlook, vertical outlook, and geography.

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The Market may be explored by Type into Data Center, Business, Mobility, Network, and Security. The “Managed Mobility” segment dominated the Cloud Managed Services Market in 2016 and is anticipated to maintain its dominance by 2025 due to increasing adoption of Bring Your Own Device (BYOD) and increasing use of personal devices will enhanced effectiveness in business operations.

Cloud Managed Services Market may be explored by Industries into Healthcare, Government, Retail, IT & Telecom, Manufacturing, Others. The Market may be explored by deployment outlook as Public, and Private. The Market may be explored by vertical outlook as Government (State & Local, Federal) & Education, Telecom & ITES, BFSI, Retail & Consumer, Manufacturing & Automotive, Healthcare, and Others (Transportation, Food & Beverages, Media, Real Estate, Oil & Gas).

The “BFSI” segment dominated the Cloud Managed Services Market in 2016 and is anticipated to maintain its dominance by 2025 due to reduction in risks, improved focus on core competencies, improved regulatory compliance, and customer relations are some of the key factors propelling the Cloud Managed Services Market in the years to come.

North America accounted for the major share of the Cloud Managed Services Industry in 2016 and will continue to lead in the upcoming period due to factors such as owing to the growing occurrence of technology giants such as Google, IBM, Verizon Communications and Cisco Systems, and increasing government initiative for the acceptance of cloud managed services. In addition, North America is followed by Europe and Asia-Pacific region and anticipated to be the highest growing region over the forthcoming period, due to the increasing adoption of cloud managed services by the medium and small-sized enterprises, which are projected to propel the market development.

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Some of the key players that fuel the growth of the Cloud Managed Services Market include Hewlett-Packard Enterprise Company, Microsoft Corporation, Ericsson AB, NEC Corporation, Cisco Systems, Inc., Accenture PLC, Huawei Technologies, Fujitsu Ltd., NTT DATA Corporation, VMWare, Inc., BT Global Services, AT&T Inc., and IBM Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Type Outlook (Revenue, USD Million; 2014 - 2025)
• Business Services
• Network Services
• Security Services
• Data Center Services
• Mobility Services

Cloud Deployment Outlook (Revenue, USD Million; 2014 - 2025)
• Public
• Private

End-User Outlook (Revenue, USD Million; 2014 - 2025)
• SMEs
• Large Enterprises

Vertical Outlook (Revenue, USD Million; 2014 - 2025)
• Telecom & ITES
• Government (State & Local, Federal) & Education
• BFSI
• Retail & Consumer
• Healthcare
• Manufacturing & Automotive
• Others (Media, Transportation, Food & Beverages, Oil & Gas, Real Estate)

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Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Middle East & Africa (MEA)

Global Cloud Managed Services Market is anticipated to reach USD 82.51 billion by 2025. Market is anticipated to grow at a healthy rate in the years to come. Cloud managed services offer a variety of skillful solutions that process information technology (IT) infrastructure and inner functionalities to be managed in support from a third party managed service supplier through cloud platform.

The factors that propel the development of the market include increasing acceptance of cloud technology among businesses for handling their application. There has been significant increase in the acceptance of cloud-based technology as it is inexpensive and offers real time updates and access to business application and is anticipated to grow at a significant CAGR of 15.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Cloud Managed Services Market may be explored by types, industries, deployment outlook, vertical outlook, and geography.

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The Market may be explored by Type into Data Center, Business, Mobility, Network, and Security. The “Managed Mobility” segment dominated the Cloud Managed Services Market in 2016 and is anticipated to maintain its dominance by 2025 due to increasing adoption of Bring Your Own Device (BYOD) and increasing use of personal devices will enhanced effectiveness in business operations.

Cloud Managed Services Market may be explored by Industries into Healthcare, Government, Retail, IT & Telecom, Manufacturing, Others. The Market may be explored by deployment outlook as Public, and Private. The Market may be explored by vertical outlook as Government (State & Local, Federal) & Education, Telecom & ITES, BFSI, Retail & Consumer, Manufacturing & Automotive, Healthcare, and Others (Transportation, Food & Beverages, Media, Real Estate, Oil & Gas).

The “BFSI” segment dominated the Cloud Managed Services Market in 2016 and is anticipated to maintain its dominance by 2025 due to reduction in risks, improved focus on core competencies, improved regulatory compliance, and customer relations are some of the key factors propelling the Cloud Managed Services Market in the years to come.

North America accounted for the major share of the Cloud Managed Services Industry in 2016 and will continue to lead in the upcoming period due to factors such as owing to the growing occurrence of technology giants such as Google, IBM, Verizon Communications and Cisco Systems, and increasing government initiative for the acceptance of cloud managed services. In addition, North America is followed by Europe and Asia-Pacific region and anticipated to be the highest growing region over the forthcoming period, due to the increasing adoption of cloud managed services by the medium and small-sized enterprises, which are projected to propel the market development.

Some of the key players that fuel the growth of the Cloud Managed Services Market include Hewlett-Packard Enterprise Company, Microsoft Corporation, Ericsson AB, NEC Corporation, Cisco Systems, Inc., Accenture PLC, Huawei Technologies, Fujitsu Ltd., NTT DATA Corporation, VMWare, Inc., BT Global Services, AT&T Inc., and IBM Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Type Outlook (Revenue, USD Million; 2014 - 2025)
    • Business Services
    • Network Services
    • Security Services
    • Data Center Services
    • Mobility Services

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June 3, 2019: The global cloud managed services market is expected to reach USD 82.51 billion by 2025, according to a study conducted by Grand View Research, Inc. The need to focus on core business practices has increased the adoption of cloud managed services. The services include business services, network services, security services, data center services, and mobility services. These services enable organizations to reduce their operational costs and enhance their productivity by managing IT infrastructure and cloud.

In North America, the availability of advanced IT infrastructure is expected to drive the adoption of cloud managed services. The Asia Pacific and MEA regions are expected to witness considerable growth, as enterprises are shifting toward the cloud and prominent technology providers, such as IBM and Google, are making significant investments for the same.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/cloud-managed-services-market/request-sample

However, issues regarding data privacy, data security, and poor connectivity may hamper the growth of the market. Furthermore, organizations are skeptical about data security over the cloud, and this may lead to slower adoption and hence, restrain the demand for cloud managed services. Thus, service providers are required to offer appropriate security features for gaining credence among organizations.

Further key findings from the study suggest:

• Mobility services is expected to be the fastest-growing segment with a CAGR of over 19% over the forecast period, owing to increased adoption of mobile devices by organizations

Access Full Report With TOC @ https://www.radiantinsights.com/research/cloud-managed-services-market

• Private cloud deployment will increase with a CAGR of over 16% over the forecast period. This growth will be driven by private cloud deployment benefits such as high service level.

• Cloud managed services will have higher adoption in SMEs owing to customization and reduced IT costs

• Healthcare segment will have the highest growth rate over the forecast period owing to enhanced data security

• Asia Pacific will be the fastest-growing regional market over the forecast period due to increasing investments in growing economies such as India and China

• The prominent industry participants operating in the market include IBM, Cisco Systems Inc, Ericsson, Verizon Communications Inc, and NTT Data Corporation

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://ictmarketforecasts.wordpress.com

May 31, 2019: The global cloud managed services market is expected to reach USD 82.51 billion by 2025, according to a study conducted by Grand View Research, Inc. The need to focus on core business practices has increased the adoption of cloud managed services. The services include business services, network services, security services, data center services, and mobility services. These services enable organizations to reduce their operational costs and enhance their productivity by managing IT infrastructure and cloud.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/cloud-managed-services-market/request-sample

In North America, the availability of advanced IT infrastructure is expected to drive the adoption of cloud managed services. The Asia Pacific and MEA regions are expected to witness considerable growth, as enterprises are shifting toward the cloud and prominent technology providers, such as IBM and Google, are making significant investments for the same.

However, issues regarding data privacy, data security, and poor connectivity may hamper the growth of the market. Furthermore, organizations are skeptical about data security over the cloud, and this may lead to slower adoption and hence, restrain the demand for cloud managed services. Thus, service providers are required to offer appropriate security features for gaining credence among organizations.

Read Complete Report With TOC @ https://www.radiantinsights.com/research/cloud-managed-services-market

Further key findings from the study suggest:

• Mobility services is expected to be the fastest-growing segment with a CAGR of over 19% over the forecast period, owing to increased adoption of mobile devices by organizations

• Private cloud deployment will increase with a CAGR of over 16% over the forecast period. This growth will be driven by private cloud deployment benefits such as high service level.

• Cloud managed services will have higher adoption in SMEs owing to customization and reduced IT costs

• Healthcare segment will have the highest growth rate over the forecast period owing to enhanced data security

• Asia Pacific will be the fastest-growing regional market over the forecast period due to increasing investments in growing economies such as India and China

• The prominent industry participants operating in the market include IBM, Cisco Systems Inc, Ericsson, Verizon Communications Inc, and NTT Data Corporation

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://ictmarketforecasts.wordpress.com