According to a new market report published by Credence Research, Inc., “Global Cloud Managed Services Market–Growth, Future Prospects and Competitive Landscape, 2018–2026, “the global cloud-managed services market is expected to grow to US$ 41.92 billion by 2026 by 7.0 percent CAGR over the forecast period.
Due to the constantly increasing stimulation of cloud services worldwide, mainly driven by small and medium-sized enterprises (SMEs), the cloud-managed services market is set to grow strongly over the forecast period. Because of the increasing penetration of cloud services and increased efforts to reduce capital expenditure, outsourcing activities such as data storage, data recovery, data management and network management have become immensely important. Cloud technology has clearly transformed the way infrastructure is operated and orchestrated. Depending on various IT needs of an organization, cloud managed service providers can handle reporting, monitoring, backup & recovery, performance testing and many more services.
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By service type, the cloud managed services market is led by mobility services segment contributing nearly 37.09% of the overall market. Mobility services segment growth is primarily due to increasing usage of mobile devices and growing adoption of bring your own devices (BYOD) concept. Further, based on end-use vertical, healthcare segment is expected to emerge as the fastest growing segment during the forecast period with the sector increasingly looking up to cloud services as a viable storage platform. Based on geography, North America holds the largest market share for cloud managed services market. Growth in this region is primarily backed by high adoption of cloud services in the region.
Competitive Insights:
Major and established players identified in the global cloud managed services market include International Business Machines (IBM) Corporation, Cisco Systems, Inc., Ericsson AB, Accenture PLC, NTT DATA Corporation, Fujitsu Ltd., CenturyLink, Inc., Huawei Technologies Co., Ltd., Nokia Corporation, NEC Corporation, Civica Group, and DXC Technology Company. The cloud managed services market appears to be fragmented due to the presence of large number of market players including small scale companies as well as global technology companies. These players are adopting various strategies including partnerships, mergers and acquisitions and new product developments to better serve the market as well as maintain their competitive edge.
For example, IBM launched two new services in October 2017, namely IBM Cloud Deployment and IBM Cloud Migration, which made it easier for businesses to move their packages and information to the cloud. In addition, NTT Communications, a subsidiary of NTT DATA Corporation, announced in November 2017 that it had signed an agreement to acquireSecure-24 Intermediate Holdings, Inc., one of the leading managed IT services providers in the United States.
ToC:
1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Cloud Managed Services Market
2.2. Global Cloud Managed Services Market, By Service Type
2.3. Global Cloud Managed Services Market, By Delivery Model
2.4. Global Cloud Managed Services Market, By End-use Vertical
2.5. Global Cloud Managed Services Market, By Geography
3. Market Dynamics
3.1. Introduction
3.1.1. Global Cloud Managed Services Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
3.2. Market Drivers
3.3. Market Challenges
3.4. Impact Analysis of Drivers and Challenges
3.5. Attractive Investment Proposition
3.6. Competitive Analysis
3.6.1. Market Positioning of Key Cloud Managed Services Providers, 2017
3.6.2. Key Strategies Adopted by the Leading Players
4. Global Cloud Managed Services Market Value, By Service Type , 2016 – 2026 (US$ Bn)
4.1. Overview
4.2. Business Services
4.3. Data Center Services
4.4. Mobility Services
4.5. Network Services
4.6. Security Services
………………….toc continued
Browse the full Global Cloud Managed Services Market – Growth, Future Prospects and Competitive Landscape, 2018 – 2026 report at https://www.credenceresearch.com/report/cloud-managed-services-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/59140
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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“Cloud Managed Services provides skilled resources that augment in-house functionalities and IT infrastructure to be managed in collaboration with a third-party managed service provider (MSP) via cloud platforms. The services available in the Cloud Managed Services market include the managed network operations, managed security operations, managed cloud, IT life cycle management and managed mobility and applications. Cloud Managed Services enable organizations to augment competences that they lack or to replace functions or processes that incurred huge recurring costs. These services optimize recurring in-house IT costs, transform IT systems and automate business processes allowing Cloud Managed Services customers to achieve their business objectives.-netfast”
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