The global cloud managed network market is expected to grow from USD 21.6 billion in 2022 to USD 36.3 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. Key factors driving this growth include the rising demand for cloud managed networks and the growing dependence of organizations on IT assets to boost business productivity.
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Solutions segment to hold the highest market share during the forecast period
Companies are rapidly adopting cloud managed network soltutions to streamline their business procedures, along with delivering better and agile services to their customers. Also, benefits, such as cost-saving, increased efficiency and flexibility, and reduced downtime, have increased the demand for cloud managed network solutions and services.
Private Cloud segment to grow at the highest CAGR during the forecast period
Private clouds are created for specific groups or organizations that require customization and control over their data. Enterprises opt for private cloud, as it provides a highly secure and centralized storage infrastructure. The need to enable companies to have a better control of the data and can reduce the risk of data loss and issues connected to the regulatory compliance, will drive the segment growth.
Asia Pacific (APAC) region to record the highest growth rate in the cloud managed network market in 2022
Asia Pacific is an emerging region in the cloud managed network market. The region consists of major economies, such as China, Japan, Singapore, South Korea, and India. The ICT applications are key elements for socio-economic development in the region, and it has significant expertise in the ICT field. The efforts by public and private institutions to bring ICT and telecommunications by developing ICT infrastructure inorder to increase efficiency and improve productivity for businesses operating in different verticals in the region will drive the market growth. Also the need to support next-generation offerings such as cloud services, AI, IoT and edge computing, will drive digital economic growth and innovation within the region.
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Unique Features in the Cloud Managed Network Market
This growth reflects the increasing shift toward cloud solutions as businesses aim for flexibility, scalability, and improved operational efficiency.
Cloud managed networks offer the unique ability to streamline and centralize IT asset management. Organizations can efficiently oversee, monitor, and optimize their network operations from a single platform, reducing the complexity associated with managing on-premise networking infrastructure.
A core feature of cloud managed networks is their contribution to boosting business productivity. By outsourcing network management to the cloud, enterprises can focus on their core operations while enjoying enhanced network performance, reduced downtime, and improved overall efficiency.
One of the standout features of cloud managed networks is their inherent scalability. Businesses can easily scale their network infrastructure to meet growing demands without needing to invest in additional hardware. This flexibility allows organizations to adapt quickly to changes in business needs and technological advancements.
Cloud managed networks are highly cost-efficient, as they eliminate the need for significant upfront investments in hardware and ongoing maintenance. Organizations can reduce their IT overhead by leveraging cloud services, allowing them to allocate resources more effectively while maintaining a reliable and secure network.
Major Highlights of the Cloud Managed Network Market
This surge underscores the increasing adoption of cloud solutions to meet modern networking demands.
A key driver of this growth is the rising demand for cloud managed networks, as organizations seek to streamline their network management processes. Cloud solutions provide a more flexible and efficient alternative to traditional on-premise networking infrastructure, enhancing overall network performance.
Organizations are increasingly relying on cloud managed networks to optimize their IT assets. This shift allows businesses to monitor, manage, and scale their network operations efficiently, resulting in better resource utilization and improved productivity across the enterprise.
The adoption of cloud managed networks plays a pivotal role in enhancing business productivity. By offloading network management to the cloud, businesses can focus on core functions, reduce operational downtime, and ensure a more reliable and agile network infrastructure.
Cloud managed networks offer unmatched scalability and cost-efficiency. Companies can expand their network infrastructure on-demand without the need for costly hardware investments, allowing for significant savings on both capital expenditures (CapEx) and operational expenditures (OpEx).
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Top Companies in the Cloud Managed Network Market
Key and innovative companies in the Cloud Managed Network market include Cisco (US), HPE(US), IBM (US), Ericsson (Sweden), Huawei (Japan), Juniper Networks (US), Fujitsu (Japan), Accenture (Ireland), NTT Data (Japan), NEC(Japan), Extreme Networks (US), CommScope (US), Zyxel Networks (Taiwan), Infoblox (US), D-Link (Taiwan), Veracloud (Malta), Accrets International (Singapore), Mindsight (US), Kalyx (India), Iricent (Ireland), Total Communications (US), Cloudscape Technologies (US), DynTek (US), Inhand Networks (US), Engenius Technologies (US).
Cisco:
Cisco specializes in designing and selling a broad range of technologies that power the internet. The company offers products and technologies in the different categories such as infrastructure platforms; applications; security; and other products. In addition to the product offerings, it provides a wide range of service offerings, including technical support and advanced services. It also offers services to businesses of all size, public institutions, governments, and service providers, including large web-scale providers. The company also provides comprehensive advisory services focused on responsive, preventive, and consultative support of technologies for specific networking needs. It also offers support and maintenance services to help the customers inoder to operate their products efficiently. The services offered by the company enables the customers to protect their network investments, manage risks, and minimize downtime for systems running mission-critical applications. Cisco’s customers primarily operate in the following markets: enterprise, commercial, service provider, and public sector. The company conducts its business globally and has geographical presence across the Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC).
IBM:
IBM is of the leading providers of cloud platform services and cognitive solutions, IBM works across the cloud, IT infrastructure, security, services, and research domains. The company operates in more than 175 countries and caters to various industries across the world. It functions through six main segments: Global Technology Services, Cloud and Cognitive Software, Global Business Services, Systems, Global Financing, and Other. IBM offers infrastructure, hosting, and consulting services in the areas of customer relationship management, business analytics optimization, outsourcing, software, and security. The company is focused on developing solutions and products that are powered by the latest technologies, including AI and ML, analytics, big data, and IoT. It also offers services to help clients transform their businesses. IBM cloud managed network allow organizations to utilize the agility and efficiency of cloud with a secure, scalable infrastructure designed for enterprise-grade workloads.
Ericsson:
Ericsson is one of the leading providers of information and communication technology to service providers. It makes its customers successful in a fully connected world by innovating game-changing technology and solutions that are easy to use. It offers solutions for networks, cloud software solutions, and emerging businesses, helping customers improve their efficiency and digital experience and capture new revenue streams. Ericsson had been operated in more than 180 countries, and it had over 57,000 granted patents. Ericsson’s Network Design and Optimization portfolio include services and software enabled by the Ericsson Operations Engine. With big data, AI, and crowdsourced data analytics, the solutions deliver superior performance while limiting costs by monitoring numerous KPIs, building an end-user experience-centric model, and enabling targeted CAPEX investments.
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