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Key Market Dynamics:
- Market Driver: One of the key factors driving growth in the cloud-managed services market is the rising adoption of cloud computing services. The introduction of cloud computing has enhanced and simplified IT management and maintenance capabilities. Cloud computing eliminates the need for users to update and maintain IT infrastructure. The cloud has evolved as an ideal model platform and integration fabric for many enterprise applications with configuration flexibility, choice of access mechanisms, and integrated security. Such factors are expected to increase the adoption of cloud computing services, which will propel the growth of the global cloud-managed services market.
- Market Challenge: The data privacy and security risk in cloud-based services will be a major challenge for the cloud-managed services market during the forecast period. Data privacy and security risk are major barriers to the adoption of cloud-based managed services in organizations, especially in the public cloud. Cyber-attackers can easily gain access to cloud-based data storage systems, as cloud-based infrastructure is based on open architecture and shared resources. The ease in procuring and accessing cloud services can also give users the ability to scan, identify, and exploit loopholes and vulnerabilities in a system. These factors, in turn, are expected to hamper the growth of the market.
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Market Segment Highlights
The cloud managed services market report is segmented by End-user (large enterprise and small and medium enterprise) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
- Regional Opportunities: 36% of the market's growth will originate from North America during the forecast period. The US is the key market for cloud-managed services in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions. The increasing cloud technology adoption among end-users such as SMEs and large enterprises for automating their business process, including data processing and outsourcing and Internet services will facilitate the cloud-managed services market growth in North America over the forecast period.
- Revenue-generating Segment Highlights: The cloud-managed services market share growth by the large enterprise segment will be significant during the forecast period. The adoption of cloud-managed services by large enterprises is expected to decline during the forecast period. Despite the growing digital transformation, the rising adoption of bring your own device (BYOD), and increasing cyber threats, large enterprises are a little skeptical of outsourcing cloud-managed services. This is because enterprises that outsource security service tasks to third parties will have less control over their own security.
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Some Companies Mentioned
- Accenture Plc: The company offers cloud managed services that include Cloud migration, Infrastructure Services, Data transformation, and cloud security.
- Amazon.com Inc.: The company offers cloud managed services that include computing, storage, databases, networking, data lakes and analytics, machine learning and artificial intelligence, IoT, security, and much more.
- Atos SE: The company offers cloud managed services that include Cloud Consulting, Cloud Platform Integration, Cloud Security, and Application and Data Modernization.
- Cisco Systems Inc.: The company offers cloud managed services that include Cloud operations platform, Workload optimization, Intersight services, and Application performance monitoring.
- Fujitsu Ltd.: The company offers cloud managed services that provide personalized cloud solutions that combine the right cutting-edge technologies to enable Connection, Intelligence, and Transformed future.
- ALE International
- Alphabet Inc.
- Capgemini Service SAS
- Cloudticity LLC
- Cognizant Technology Solutions Corp.
- DXC Technology Co.
- HCL Technologies Ltd.
- Hewlett Packard Enterprise Co.
- Huawei Technologies Co. Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- Lumen Technologies Inc.
- NEC Corp.
- NTT DATA Corp.
- Telefonaktiebolaget LM Ericsson
- Verizon Communications Inc.
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Cloud Managed Services Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.37% |
Market growth 2022-2026 |
$ 52.62 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.83 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Accenture Plc, ALE International, Alphabet Inc., Amazon.com Inc., Atos SE, Capgemini Service SAS, Cisco Systems Inc., Cloudticity LLC, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., International Business Machines Corp., Lumen Technologies Inc., NEC Corp., NTT DATA Corp., Telefonaktiebolaget LM Ericsson, and Verizon Communications Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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