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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The global managed services market size is expected to reach USD 376.13 billion by 2025, according to a new study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 11.7% during the forecast period. Growing dependence of enterprises on IT assets for driving their business productivity coupled with the need for specialized Managed Service Providers (MSPs) and cloud-based managed services is expected to drive the growth. Growing need to reduce downtime of systems is expected to further fuel the market growth.

The MSPs provide migration assistance to organizations moving their services from private to public cloud. They also offer differentiated cloud managed services which help enterprises in their decision-making processes. Implementation of these services considerably reduces the IT operational costs and helps improve organizational flexibility and efficiency.

Increasing IT expenditure across the globe is anticipated to create growth opportunities for the managed services market over the forecast period. These services transform IT systems, optimize recurrent in-house IT costs, and automate business processes. This in turn, allows organizations to effectively achieve their business objectives.

Emerging trends such as cloud computing, Internet of Things (IoT), big data, Software as a Service (SaaS), Artificial Intelligence (AI), machine learning, and data security applications are expected to fuel the adoption in end use industries, such as manufacturing, healthcare, and retail, among others. Furthermore, enterprises are beginning to make a switch to managed services to streamline their business processes by outsourcing various IT operations.

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Further key findings from the report suggest:

• Adoption of managed security services in end use industries such as IT and telecom, media and entertainment, and retail is expected to witness a significant rise over the forecast period, on account of the various benefits such as security monitoring and management, email threat management, and restoral management and backups, among others

• Increasing emphasis on incorporating BPO as a part of business strategies to focus on their core competencies and thereby increase business profitability is expected to drive growth of the BPO segment

• A number of organizations are beginning to adopt the on premise deployment as it does not require an internet connection and allows easy customization of software as per the business process requirements of the clients

• Small and Medium Enterprises (SMEs) are increasingly using these services to make use of its numerous advantages for instance, controlled IT costs, increased efficiency and competitiveness, and reduced risk, among others

• Healthcare sector is anticipated to register increased demand to efficiently manage and organize the large volumes of patient data

• North America is expected to maintain its dominance in the managed services market over the forecast period and is anticipated to reach USD 120.44 billion by 2025, owing to the high concentration of Multinational Companies (MNCs) in the region

• Key market participants include Accenture PLC; Fujitsu Limited; IBM Corporation; Cisco Systems, Inc.; Ericsson; Lenovo Group Limited; and DXC Technology Company among others

The report “Managed Services Market” is available now at  https://www.radiantinsights.com/research/managed-services-market

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Global Managed Pressure Drilling Services Market: By Technology: Constant Bottom Hole Pressure, Dual Gradient Drilling, Mud Cap Drilling, Return Flow Control Drilling or HSE Method; By Application: Offshore, Onshore; By Region: North America, Europe, Asia Pacific, LATAM, Middle East & Africa; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Competitive Landscape & Supplier Analysis; Events and Developments

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Isolating information and data from forgery and breaches is vital for any organization to streamline its business. To ensure security, these organizations rely on resource pooling for in-house security and employing full-time experts. This process causes loss of capital and deviation in the core business targets. To prevent such costs and distractions, these companies hire managed security service provider (MSSP) which reflects in the growth prospects emerging in the managed security services market, and the market size was evaluated at $23.68 billion in 2018. As per the IndustryARC analysts, the opportunities in the sector are projected to increase at a remarkable compound annual growth rate (CAGR) of 15.28% through the forecast period of 2019 to 2025, according to the market analysis that is compiled in a recent business intelligence report published by IndustryARC.

The report is titled “

Managed Security Services Market: By Components; By Technology; By Applications; By Functional area; By Trends & by Geography – Forecast (2019-2025).” The report incorporates an in-depth assessment of market size, competitive landscape, financial analysis, trends, and geographical distributions.

Global Managed Security Services Market: Leading Segments

By application, the banking, financial services, and insurance (BFSI) industry are growing as the most rewarding application of the managed security services market. The opportunities in the application are rising at a CAGR of 16.51% through to 2025. With increasing cyber threats in the banking sector, the on par innovative advancement in the technology is energetically resourcing the preventive action in the form of managed security services.

North America grabbed the largest managed security services market share in 2018. The region was responsible to grab 34.56% of the total market share. This hefty share can be supported by the fact that North America homes a large number of companies offering managed security services (MSS). The rigorous adoption of MSS in numerous domains such as military, government, and the private sector is projected to persuade substantial profits in the global managed security services market.

Global Managed Security Services Industry Analysis

Services oscillating from banking to basic club memberships are victimised for a cyber-breach attack. This upsurge has sustained the public’s consciousness towards potential vulnerabilities in their internet network and has persuaded their awareness towards optimized security practices. According to the World Economic Forum [1], 2 billion data records were conceded in 2017, and the first half of 2018 recorded 4.5 billion of information leaks. 2019 is expected to witness even more data breaches since the malpractices of hackers are plaguing worldwide. With such an influx of increased cyber threats the managed security services market growth is obligatory.

Global Managed Security Services Market Trends

· The retailer vertical of the end-user industry is one of the most beleaguered section in the global managed security services markets. Retailers possess consumer’s credit and debit card information. Cybercriminals have an ardent desire of credit card’s data and this makes these retailers an easy target to steal such information. To prevent these cybercrimes, numerous MSS firms are coming up with customer premises equipment (CPE) that will ensure the safety of credit card details at the retailers.

· Managed security services providers are collaborating with internet service providers (ISP) to explore the option of biometric security solutions to present an added layer of security in numerous internet transactions. Evolving cloud security systems are projected to enhance and optimize the security solutions in the managed security services market.

Global Managed Security Services Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the managed security services market are IBM (US), SecureWorks (US), Symantec (US), Trustwave (US), Verizon (US), AT&T (US), Atos (France), BAE Systems (UK), BT (UK), CenturyLink (US), CIPHER (US), DXC (US), Fortinet (US), Fujitsu (Japan), NTT Security (Japan), and Wipro (India).

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What can you expect from the report?
The global managed security services market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data 12. Country level Analysis

3. Manufacturer Landscape 13. Competitor Analysis

4. Distributor Landscape 14. Market Shares Analysis

5. Pricing Analysis 15. Value Chain Analysis

6. Top 10 End user Analysis 16. Supply Chain Analysis

7. Product Benchmarking 17. Strategic Analysis

8. Product Developments 18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis 19. Opportunity Analysis

10. Patent Analysis 20. Revenue and Volume Analysis

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