Cloud Managed Service Market Overview
The growing trend of cloud automation has had a big impact on the global market for cloud managed services. The increased adoption of managed services by small and mid-sized businesses (SMEs) over traditional services, owing to their extra benefits, is propelling this market to significant growth. This market is also benefiting from the large increase in ICT spending, the growing trend of big data analytics, and the growing requirement for businesses to focus on their core business.
During the forecast period, the increased use of cloud managed services by large IT organizations to minimize capital expenses and convert them to operational costs may provide significant potential prospects for the cloud managed service market. The widespread adoption of big data analytics and the growing demand for various enterprises to focus on their core competencies could propel the cloud managed service market to new heights.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Service, End User, Industry, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | NTT Data Corp., NEC Corp., Rackspace, Cisco Systems Inc., Hewlett Packard Enterprises, VMWare, Huawei Technologies, AT&T, Microsoft Corp., and IBM Corp. |
Covid-19 Impact on Cloud Managed Service Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Cloud Managed Service Market Segment Overview
According to Service, Managed Network Service is one of the most prominent segments in the global Cloud Managed Service Market. Globally, demand for managed network services is substantially larger than demand for other cloud managed services, and studies estimate that this trend will continue in the next years. However, as the use of mobile data security services grows rapidly in developing enterprises, cloud-based security services are expected to create a place for themselves in the near future.
Cloud Managed Service Market, By Service
· Managed Network Service
· Managed Security Service
· Managed Mobility
· IT Infrastructure Management Service
Cloud Managed Service Market, By End User
· Large Enterprises
· Small and Medium Enterprises (SMEs)
Cloud Managed Service Market, By Industry
· BFSI
· IT and Telecom
· Healthcare
· Government
Cloud Managed Service Regional Overview
In terms of geography, the global Cloud Managed Service market is classified into North America, Europe, Asia Pacific, South America, Middle East & Africa. North America has risen to the top of the list and is anticipated to maintain its position in the coming years. Over the last few years, the existence of a large pool of notable managed service providers across the United States and Canada has boosted this regional market. Over the forecast period, the market for cloud managed services in North America is expected to grow at a strong CAGR.
Europe and the Asia Pacific excluding Japan, among other regions, are likely to see strong growth in their respective markets for cloud managed services. Europe will profit from the presence of advanced IT infrastructure, whilst APEJ will benefit from the abundance of untapped market growth potential.
Cloud Managed Service Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Cloud Managed Service Market Competitor overview
Some key developments and strategies adopted by manufacturers in Cloud Managed Service are highlighted below.
· In February 2022, Vultr, a leading independent provider of cloud infrastructure, announced the general availability of its partner program. Soft-launched in 2021, Vultr has already attracted more than 500 managed service providers (MSPs), resellers, and technology innovators who are frustrated by the limited margins, high prices, and restrictive programs of the Big Tech cloud providers.
· In February 2022, LEAN, the leading national cloud solutions provider, announced its Cloud Managed Services launch. The newly launched service offers a unique solution for organizations looking to focus their IT resources on achieving business objectives.
Cloud Managed Service Market, Key Players
· NTT Data Corp.
· NEC Corp.
· Rackspace
· Cisco Systems Inc.
· Hewlett Packard Enterprises
· VMWare
· Huawei Technologies
· AT&T
· Microsoft Corp.
· IBM Corp.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Cloud Managed Service market?
During the forecast period, the increased use of cloud managed services by large IT organizations to minimize capital expenses and convert them to operational costs may provide significant potential prospects for the cloud managed service market
Q2. Which Segments are covered in the global Cloud Managed Service market report?
Service, End User, Industry, and Region. these segments are covered in the global Cloud Managed Service market report.
Q3. Which segment is projected to hold the largest share in the global Cloud Managed Service market?
Managed Network Service segment is projected to hold the largest share in the global Cloud Managed Service market
Q4. Which region holds the largest share in the global Cloud Managed Service market?
North America holds the largest share in the global Cloud Managed Service market.
Q5. Which are the prominent players in the global Cloud Managed Service market?
NTT Data Corp., NEC Corp., Rackspace, Cisco Systems Inc., Hewlett Packard Enterprises, VMWare, Huawei Technologies, AT&T, Microsoft Corp., and IBM Corp. are some key players in the global Cloud Managed Service market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cloud Managed Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service
- 5.2.1. Managed Network Service
- 5.2.2. Managed Security Service
- 5.2.3. Managed Mobility
- 5.2.4. IT Infrastructure Management Service
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Large Enterprises
- 5.3.2. Small and Medium Enterprises (SMEs)
- 5.4. Market Analysis, Insights and Forecast – By Industry
- 5.4.1. BFSI
- 5.4.2. IT and Telecom
- 5.4.3. Healthcare
- 5.4.4. Government
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Cloud Managed Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service
- 6.2.1. Managed Network Service
- 6.2.2. Managed Security Service
- 6.2.3. Managed Mobility
- 6.2.4. IT Infrastructure Management Service
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Large Enterprises
- 6.3.2. Small and Medium Enterprises (SMEs)
- 6.4. Market Analysis, Insights and Forecast – By Industry
- 6.4.1. BFSI
- 6.4.2. IT and Telecom
- 6.4.3. Healthcare
- 6.4.4. Government
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Cloud Managed Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service
- 7.2.1. Managed Network Service
- 7.2.2. Managed Security Service
- 7.2.3. Managed Mobility
- 7.2.4. IT Infrastructure Management Service
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Large Enterprises
- 7.3.2. Small and Medium Enterprises (SMEs)
- 7.4. Market Analysis, Insights and Forecast – By Industry
- 7.4.1. BFSI
- 7.4.2. IT and Telecom
- 7.4.3. Healthcare
- 7.4.4. Government
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Cloud Managed Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service
- 8.2.1. Managed Network Service
- 8.2.2. Managed Security Service
- 8.2.3. Managed Mobility
- 8.2.4. IT Infrastructure Management Service
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Large Enterprises
- 8.3.2. Small and Medium Enterprises (SMEs)
- 8.4. Market Analysis, Insights and Forecast – By Industry
- 8.4.1. BFSI
- 8.4.2. IT and Telecom
- 8.4.3. Healthcare
- 8.4.4. Government
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Cloud Managed Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service
- 9.2.1. Managed Network Service
- 9.2.2. Managed Security Service
- 9.2.3. Managed Mobility
- 9.2.4. IT Infrastructure Management Service
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Large Enterprises
- 9.3.2. Small and Medium Enterprises (SMEs)
- 9.4. Market Analysis, Insights and Forecast – By Industry
- 9.4.1. BFSI
- 9.4.2. IT and Telecom
- 9.4.3. Healthcare
- 9.4.4. Government
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. NTT Data Corp.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. NEC Corp.
- 10.6. Rackspace
- 10.7. Cisco Systems Inc.
- 10.8. Hewlett Packard Enterprises
- 10.9. VMWare
- 10.10. Huawei Technologies
- 10.11. AT&T
- 10.12. Microsoft Corp.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
