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Cloud Managed Services Market Share & Growth | Forecast 2031
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Cloud Managed Services Market Share & Growth | Forecast 2031

Segments - Cloud Managed Services Market by Service Types (Business, Network, Security, Data Center, and Mobility), Deployments (Public and Private), End-Users ( SMEs, Large Enterprises), Verticals (Telecom & IT, Government & Education, BFSI , Retail & Consumer, Healthcare, Manufacturing & Automotive, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3847 | 4.5 Rating | 65 Reviews | 233 Pages | Format : PDF Excel PPT

Report Description


The global cloud managed services market size was valued at USD 99 Billion in 2022 and is expected to surpass USD 245.15 Billion by 2031, expanding at a CAGR of 10.6% during the forecast period, 2023–2031. The growth of the market is attributed to rising demand for reliability and scalability and custom-made offerings to the available services.

Benefits of cloud managed services including enhanced customized IT and IT functionality services is increasing the deployment of the same across various sectors. The availability of robust framework can remain a key concern for service providers as seamless Internet connectivity is required for service delivery.

Cloud Managed Services Market Outlook

  • Increasing proactive approach and IT spending of companies to maintain the IT costs can fuel the market growth.

  • The cost-sensitive enterprises can abstain from investing in managed services, which can restrain the market growth.

  • High maintenance and cost of installation can hamper the growth of the market.

  • The connectivity and poor infrastructure in maturing regional markets including Asia Pacific and Middle East & Africa can remain the biggest challenge for market growth.

  • Rising adoption of cloud-managed services and cloud-based technology among small and medium enterprises (SMEs) such as cloud accounting software and cloud computing can create lucrative opportunities for the market.

Scope of the Report

The report on the global cloud-managed services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cloud Managed Services Market - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Service Types (Business, Network, Security, Data Center, and Mobility), Deployments (Public and Private), End-users (SMEs and Large Enterprises), Verticals (Telecom & IT, Government & Education, BFSI, Retail & Consumer, Healthcare, Manufacturing & Automotive, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

IBM, Verizon Communications Inc.; NTT Data Corporation; CenturyLink and Fujitsu Limited; Cisco Systems Inc.; Ericsson; and Accenture PLC

Cloud Managed Services Market Segment Insights

Mobility segment is expected to grow at a rapid pace

Based on service types, the global cloud managed services market is divided into business, network, security, data center, and mobility. The mobility segment is expected to grow at a rapid pace during the forecast period. Mobile workforce can impel tool services to manage both data and devices. However, the data center segment is anticipated to hold a key share of the market in the coming years.

Cloud Managed Services Market Service Types

Public segment is projected to expand at a considerable CAGR

On the basis of deployments, the market is segregated into public and private. The private segment is projected to expand at a considerable CAGR during the forecast period. The private cloud has several advantages to enterprises including data security and access control.

On the other hand, the public segment is anticipated to account for a major market share during the forecast period as the public cloud require a low cost of deployment and is easy to configure and provide economies of scale to the enterprises.

Large enterprises segment is projected to expand at a considerable CAGR

In terms of end-users, the market is bifurcated into SMEs and large enterprises. The large enterprises segment is projected to expand at a considerable CAGR during the forecast period due to rising enterprise capabilities regarding flexibility, communication, and reliability. Conversely, the SMEs segment is anticipated to account for a major market share during the forecast period.

Cloud Managed Services Market End Users

Healthcare segment is anticipated to account a significant market share

On the basis of verticals, the market is segregated into telecom & IT, government & education, BFSI, retail & consumer, healthcare, manufacturing & automotive, and others.

The healthcare segment is anticipated to hold a significant market share due to rising adoption of cloud in the healthcare organization. On the other hand, the retail & consumer segment is anticipated to account for a major market share during the forecast period.

North America is anticipated to constitute a key market share

In terms of regions, the global cloud managed services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period. The presence of major industry players and early adoption of latest technologies are some factors spurring the regional market growth.

Cloud Managed Services Market Region

Segments

The global cloud managed services market has been segmented on the basis of

Service Types

  • Business
  • Network
  • Security
  • Data Center
  • Mobility

Deployments

  • Public
  • Private

End-users

  • SMEs
  • Large Enterprises

Verticals

  • Telecom & ITES
  • Government & Education
  • BFSI
  • Retail & Consumer
  • Healthcare
  • Manufacturing & Automotive
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global cloud managed services market are IBM, Verizon Communications Inc.; NTT Data Corporation; CenturyLink and Fujitsu Limited; Cisco Systems Inc.; Ericsson; and Accenture PLC.

Cloud Managed Services Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud Managed Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cloud Managed Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cloud Managed Services Market - Supply Chain
  4.5. Global Cloud Managed Services Market Forecast
     4.5.1. Cloud Managed Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cloud Managed Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cloud Managed Services Market Absolute $ Opportunity
5. Global Cloud Managed Services Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Cloud Managed Services Market Size and Volume Forecast by End Users
     5.3.1. SMEs
     5.3.2. Large Enterprises
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Cloud Managed Services Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cloud Managed Services Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cloud Managed Services Demand Share Forecast, 2019-2026
7. North America Cloud Managed Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cloud Managed Services Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cloud Managed Services Market Size and Volume Forecast by End Users
     7.4.1. SMEs
     7.4.2. Large Enterprises
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cloud Managed Services Demand Share Forecast, 2019-2026
8. Latin America Cloud Managed Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cloud Managed Services Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cloud Managed Services Market Size and Volume Forecast by End Users
     8.4.1. SMEs
     8.4.2. Large Enterprises
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cloud Managed Services Demand Share Forecast, 2019-2026
9. Europe Cloud Managed Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cloud Managed Services Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cloud Managed Services Market Size and Volume Forecast by End Users
     9.4.1. SMEs
     9.4.2. Large Enterprises
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cloud Managed Services Demand Share Forecast, 2019-2026
10. Asia Pacific Cloud Managed Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cloud Managed Services Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cloud Managed Services Market Size and Volume Forecast by End Users
     10.4.1. SMEs
     10.4.2. Large Enterprises
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cloud Managed Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Cloud Managed Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cloud Managed Services Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cloud Managed Services Market Size and Volume Forecast by End Users
     11.4.1. SMEs
     11.4.2. Large Enterprises
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cloud Managed Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cloud Managed Services Market: Market Share Analysis
  12.2. Cloud Managed Services Distributors and Customers
  12.3. Cloud Managed Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. IBM
     12.4.2. Verizon Communications Inc.
     12.4.3. NTT Data Corporation
     12.4.4. CenturyLink and Fujitsu Limited
     12.4.5. Cisco Systems Inc.
     12.4.6. Ericsson.
     12.4.7. Accenture PLC

Methodology

Our Clients

Siemens Healthcare
General Electric
Microsoft
Deloitte
FedEx Logistics
Honda Motor Co. Ltd.
The John Holland Group
sinopec