NEW YORK, May 31 /PRNewswire/ --
l The increasing Information and Communications Technology (ICT) spending, growing trend of big-data and analytics, and the need to focus more on core business activities are driving the cloud managed services market.
l The cloud managed services market size is estimated to grow from USD 27.15 billion in 2017 to USD 53.78 billion by 2022, at an estimated CAGR of 14.6%.
l The managed infrastructure services segment is expected to hold the largest market share during the forecast period.
l The SMEs segment for managed cloud services is expected to grow at the highest CAGR during the forecast period.
l The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the managed cloud services market during the forecast period.
The increasing Information and Communications Technology (ICT) spending, growing trend of big-data and analytics, and the need to focus more on core business activities are driving the cloud managed services market.
The cloud managed services market size is estimated to grow from USD 27.15 billion in 2017 to USD 53.78 billion by 2022, at an estimated CAGR of 14.6%. The cloud managed services market is driven by factors such as increased adoption of managed services by SMEs and the increasing trend of mobile devices and big data analytics in the organizations. Concern over cloud security and privacy is going to hinder the market during the forecast period.
Managed infrastructure services segment is expected to hold the major market share during the forecast period
The managed infrastructure services segment is expected to hold the largest market share during the forecast period. The managed infrastructure services segment consists of various services such as data center services, end-user services, and technical and communication services, which allow organizations to transfer their day-to-day activities as a strategic method to improve effectiveness and efficiency of their infrastructure.
-The SMEs segment for managed cloud services is expected to grow at the highest CAGR during the forecast period.-
The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the managed cloud services market during the forecast period. Small enterprises face greater resource crunch than larger enterprises and require better methods to solve the complexities for better cost optimization on their business processes. Security and compliance and reduction in downtime are some of the major benefits that the small enterprises are experiencing through the adoption of managed services. By using these managed services, SMEs are able to focus more on business operations than worrying about the IT cost.
-Asa-Pacific is expected to witness a high growth potential during the forecast period-
North America holds the largest market share in 2017 while APAC is the fastest-growing region in terms of CAGR. With the companies rapidly outsourcing IT related functions to the countries in APAC, the cloud and managed services models have become extremely important as they enable better productivity and cost-effectiveness. Therefore, the market is witnessing a high demand. Moreover, North America, being the most advanced region in cloud technology, has higher rate of adoption of managed services than the other regions due to the increased organizational and communication activities.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
The break-up of profiles of primary participants is given below as:
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C level - 35%, Director level - 25%, and Others - 40%
- By Region: North America - 45%, Europe - 20%, APAC - 30%, and RoW- 5%
The cloud managed services ecosystem comprises major vendors such as IBM Corporation (US), Cisco Systems (US), Ericsson (Sweden), Accenture PLC (Republic of Ireland), NTT DATA Corporation (Japan), Huawei Technologies (China), NEC Corporation (Japan), DXC Technology (US), Fujitsu Ltd (Japan), Centurylink (US), and Civica (UK).
The cloud managed services market has been segmented by component, deployment type, organization size, industry vertical, and region. The report will help market leaders/new entrants in this market in the following ways:
The report segments the cloud managed services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.
Reasons to buy the Report
The report helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
This report helps stakeholders to understand the competitors better and gain more insights to enhance the position of their businesses. There is a separate section on competitive landscape, including competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 23 players, who offer services in this market. In this section, market internals are also provided that can put the stakeholders ahead of their competitors.
Read the full report: http://www.reportlinker.com/p04911699/Cloud-Managed-Services-Market-by-Service-Type-Managed-Infrastructure-Managed-Network-Managed-Security-Managed-Data-Center-and-Managed-Mobility-Services-Deployment-Type-Organization-Size-Industry-Vertical-and-Region-Global-Forecast-to.html
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