Cloud Managed Services Market by Service (Managed Business Services, Managed Network Services and Others), Organization Size, Deployment, End User and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Cloud Managed Services Market Size

The global Cloud Managed Services market size was valued at $100.83 billion in 2023 and is projected to reach $192.72 billion by 2029, growing at a CAGR of 11.4% during the forecast period.

Cloud Managed Services Market Dynamics

• The cloud-managed services market is expected to witness significant growth in the future due to the increasing adoption of cloud technology and the rising adoption of mobile devices by organizations for advertising and marketing purposes.

• Additionally, increasing trends of technologies, such as big data and analytics, and rising demand for data management as well as security concerns are the major factors driving the growth of the cloud-managed services market demand.

• However, a lack of supporting IT infrastructure restraining the market growth.

Cloud Managed Services Market Overview

Cloud Managed Services is an outsourcing function in which an organization's in-house activities are outsourced and managed by a managed service provider (MSP) on the cloud. Managed security service, Infrastructure Service, Business Services, Data Center Services, Mobility Services, and Others are some of the services accessible in cloud managed services. Outsourced services assist businesses become more capable of bringing in services that they don't have in-house. Cloud-managed services enable companies to increase their productivity while focusing on their core functions.

By Service, Managed Communication and Collaboration Services Segment to Grow at a Highest CAGR

The managed communication and collaboration services segment is estimated to witness the significant growth rate in the foreseeable future because in any organization, communication and collaboration are critical; they help employees increase their productivity and boost team collaboration. It is a collection of solutions, not a single tool or product that organizations use to guarantee that all of their technologies function together easily and securely for near real-time collaboration. It consists of a collection of communication tools, including voice, IP telephony calls, instant messaging, desktop sharing, telepresence, web conferencing, audio conferencing, and video conferencing, to allow users to engage in a virtually seamless manner.

By Geography, North America Holds the Dominant Position in the Market Revenue

North America is expected to have a huge demand during the forecast period due to Major IT companies, such as Google and Microsoft, are increasingly deploying big data solutions to improve the efficiency and optimise their business operations. Within traditional cloud managed services, the region has been extremely quick to adopt the latest technology advancements, such as AI integration, cloud, and mobile technologies. Furthermore, growing internet and mobile device penetration, as well as rising smartphone sales, are major drivers of cloud application adoption.

Some of the key players profiled in the Report Include:

• Accenture
• Alcatel-Lucent
• Atos
• AWS
• Cisco
• Datacom
• Ericsson
• Fujitsu
• Hewlett Packard Enterprise (HPE)
• Huawei
• IBM
• Infosys
• NEC Corporation
• NTT Data
• TCS
• Wipro

This Report Helps to:

• Gain a deeper understanding of the impact of COVID-19 on the Cloud Managed Services market.
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify potential growth opportunities.
• Gain in-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Know the historical and forecast size for each segment and sub-segment in (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Service
• Managed Business Services
• Managed Network Services
• Managed Security Services
• Managed Infrastructure Services
• Managed Mobility Services
• Managed Communication and Collaboration Services

Market by, Organization Size
• Small & Medium Enterprise
• Large Enterprise

Market by, Deployment
• Public Cloud
• Private Cloud

Market by, End User
• BFSI
• IT & Telecom
• Healthcare and Lifesciences
• Government and Public Sector
• Retail and Consumer Goods
• Energy and Utilities
• Manufacturing
• Other End Users

Market by, Geography

The Cloud Managed Services Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       

4 Market Dynamics           
    4.1 Market Drivers       
           4.1.1 Increasing Adoption of Cloud Technology
           4.1.2 Rising Adoption of Mobile Devices by Organizations for Advertising And Marketing Purposes
    4.2 Market Restraints       
           4.2.1 Lack of Supporting It Infrastructure
    4.3 Market Opportunities      
    4.4 Market Challenges       
    4.5 Impact of COVID-19 on Cloud Managed Services Market   
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Cloud Managed Services Market by, Service        
    6.1 Overview       
    6.2 Managed Business Services      
    6.3 Managed Network Services      
    6.4 Managed Security Services      
    6.5 Managed Infrastructure Services     
    6.6 Managed Mobility Services      
    6.7 Managed Communication and Collaboration Services   
             
7 Global Cloud Managed Services Market by, Organization Size       
    7.1 Overview       
    7.2 Small & Medium Enterprise      
    7.3 Large Enterprise       
             
8 Global Cloud Managed Services Market by, Deployment       
    8.1 Overview       
    8.2 Public Cloud       
    8.3 Private Cloud       
             
9 Global Cloud Managed Services Market by, End User       
    9.1 Overview       
    9.2 BFSI        
    9.3 IT & Telecom       
    9.4 Healthcare and Lifesciences      
    9.5 Government and Public Sector      
    9.6 Retail and Consumer Goods       
    9.7 Energy and Utilities       
    9.8 Manufacturing       
    9.9 Other End Users       
           9.9.1 Travel and Hospitality
           9.9.2 Transport 
           9.9.3 Education
             
10 Global Cloud Managed Services Market by, Geography       
    10.1 Overview       
    10.2 North America       
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
    10.3 Europe        
             10.3.1 Germany
             10.3.2 France
             10.3.3 UK
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
    10.4 Asia Pacific       
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Australia
             10.4.6 New Zealand
             10.4.7 Rest of Asia Pacific
    10.5 South America       
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Chile
             10.5.4 Rest of South America
    10.6 Middle East & Africa      
             10.6.1 UAE
             10.6.2 Saudi Arabia
             10.6.3 Qatar
             10.6.4 Iran
             10.6.5 South Africa
             10.6.6 Rest of Middle East & Africa
             
11 Key Developments           
              
12 Company Profiling           
    12.1 Accenture       
             12.1.1 Business Overview
             12.1.2 Product/Service Offering
             12.1.3 Financial Overview
             12.1.4 SWOT Analysis
             12.1.5 Key Activities
    12.2 Alcatel-Lucent       
    12.3 Atos        
    12.4 AWS        
    12.5 Cisco        
    12.6 Datacom        
    12.7 Ericsson        
    12.8 Fujitsu        
    12.9 Hewlett Packard Enterprise (HPE)     
    12.10 Huawei        
    12.11 IBM        
    12.12 Infosys        
    12.13 NEC Corporation       
    12.14 NTT Data        
    12.15 TCS        
    12.16 Wipro