MEDIA & ENTERTAINMENT
Global Cloud Managed Services Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Cloud Managed Services Market, By Service Type (Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication and Collaboration Services), Vertical (BFSI, Telecom, Government and public sector, Healthcare and life sciences, Retail and Consumer goods, Manufacturing, Energy and Utilities, IT, Others), Organization Size (Large Enterprises, Small And Medium-Sized Enterprises), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global cloud managed services market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Cloud Managed Services is the process of outsourcing cloud infrastructure and management activities to third-party suppliers. These services include monitoring, managing, and optimizing cloud infrastructures for maximum performance, security, and compliance. Providers often take care of things like data backup, security, scalability, and system updates, freeing up organizations to concentrate on their main business operations rather than worrying about maintaining intricate cloud systems. The Cloud Managed Services Market includes the many sectors that provide these outsourced cloud management solutions. It encompasses companies in the market providing services such as network management, application management, data security, and cloud infrastructure management. Growing cloud usage, the demand for scalable IT solutions, and the increasing complexity of cloud environment management are driving the market.
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Market Dynamics
DRIVERS
- Cost savings and operational efficiency.
- Scalability and flexibility in IT resources.
RESTRAINTS
- Data security and privacy concerns.
- Compliance and regulatory challenges.
OPPORTUNITIES
- Expansion into emerging markets.
- Development of specialized managed services
CHALLENGES
- Rapid technological changes and updates.
- Maintaining service quality and uptime.
SEGMENTATION
- Service Type
- Managed Business Services
- Managed Network Services
- Managed Security Services
- Managed Infrastructure Services
- Managed Mobility Services
- Managed Communication and Collaboration Services
- Vertical
- BFSI
- Telecom
- Government and public sector
- Healthcare and life sciences
- Retail and Consumer goods
- Manufacturing
- Energy and Utilities
- IT
- Others
- Organization Size
- Large Enterprises
- Small And Medium-Sized Enterprises
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- IBM Corporation
- Cisco Systems, Inc.
- Telefonaktiebolaget LM Ericsson
- Verizon
- Accenture
- NTT DATA Corporation
- Huawei Technologies Co., Ltd.
- Fujitsu
- CHINA HUAXIN
- CenturyLink
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Cloud Managed Services Market, by Service Type
- 3.2 Global Cloud Managed Services Market, by Vertical
- 3.3 Global Cloud Managed Services Market, by Organization Size
- 3.4 Global Cloud Managed Services Market, by Geography
- 3.5 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.6 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption of multi-cloud environments.
- 5.1.2 Growth in demand for AI and machine learning integration.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Cost savings and operational efficiency.
- 5.2.2 Scalability and flexibility in IT resources.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Data security and privacy concerns.
- 5.3.2 Compliance and regulatory challenges.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion into emerging markets.
- 5.4.2 Development of specialized managed services
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Rapid technological changes and updates.
- 5.5.2 Maintaining service quality and uptime.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL CLOUD MANAGED SERVICES MARKET, BY SERVICE TYPE
- 6.1 Service Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Cloud Managed Services Market, by Service Type (2019-2032)
- SECTION 7 - GLOBAL CLOUD MANAGED SERVICES MARKET, BY VERTICAL
- 7.1 Vertical Summary
- 7.2 Market Attractive Index
- 7.3 Global Cloud Managed Services Market, by Vertical (2019-2032)
- SECTION 8 - GLOBAL CLOUD MANAGED SERVICES MARKET, BY ORGANIZATION SIZE
- 8.1 Organization Size Summary
- 8.2 Market Attractive Index
- 8.3 Global Cloud Managed Services Market, by Organization Size (2019-2032)
- SECTION 9 - GLOBAL CLOUD MANAGED SERVICES MARKET, BY GEOGRAPHY
- 9.1 Regional Summary
- 9.2 Market Attractive Index
- 9.3 Global Cloud Managed Services Market, by Geography (2019-2032)
- SECTION 10 - NORTH AMERICA CLOUD MANAGED SERVICES MARKET
- 10.1 North America Summary
- 10.2 Market Attractive Index
- 10.3 North America Cloud Managed Services Market, by Service Type (2019-2032)
- 10.4 North America Cloud Managed Services Market, by Vertical (2019-2032)
- 10.5 North America Cloud Managed Services Market, by Organization Size (2019-2032)
- 10.6 North America Cloud Managed Services Market, by Country (2019-2032)
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 10.6.4 Rest of North America
- SECTION 11 - EUROPE CLOUD MANAGED SERVICES MARKET
- 11.1 Europe Summary
- 11.2 Market Attractive Index
- 11.3 Europe Cloud Managed Services Market, by Service Type (2019-2032)
- 11.4 Europe Cloud Managed Services Market, by Vertical (2019-2032)
- 11.5 Europe Cloud Managed Services Market, by Organization Size (2019-2032)
- 11.6 Europe Cloud Managed Services Market, by Country (2019-2032)
- 11.6.1 Germany
- 11.6.2 U.K.
- 11.6.3 France
- 11.6.4 Italy
- 11.6.5 Spain
- 11.6.6 Russia
- 11.6.7 The Netherlands
- 11.6.8 Belgium
- 11.6.9 Turkey
- 11.6.10 Rest of Europe
- SECTION 12 - ASIA-PACIFIC CLOUD MANAGED SERVICES MARKET
- 12.1 Asia-Pacific Summary
- 12.2 Market Attractive Index
- 12.3 Asia-Pacific Cloud Managed Services Market, by Service Type (2019-2032)
- 12.4 Asia-Pacific Cloud Managed Services Market, by Vertical (2019-2032)
- 12.5 Asia-Pacific Cloud Managed Services Market, by Organization Size (2019-2032)
- 12.6 Asia-Pacific Cloud Managed Services Market, by Country (2019-2032)
- 12.6.1 China
- 12.6.2 India
- 12.6.3 Japan
- 12.6.4 South Korea
- 12.6.5 Singapore
- 12.6.6 Malaysia
- 12.6.7 Australia
- 12.6.8 Thailand
- 12.6.9 Philippines
- 12.6.10 Rest of Asia-Pacific
- SECTION 13 - SOUTH AMERICA CLOUD MANAGED SERVICES MARKET
- 13.1 South America Summary
- 13.2 Market Attractive Index
- 13.3 South America Cloud Managed Services Market, by Service Type (2019-2032)
- 13.4 South America Cloud Managed Services Market, by Vertical (2019-2032)
- 13.5 South America Cloud Managed Services Market, by Organization Size (2019-2032)
- 13.6 South America Cloud Managed Services Market, by Country (2019-2032)
- 13.6.1 Brazil
- 13.6.2 Argentina
- 13.6.3 Chile
- 13.6.4 Colombia
- 13.6.5 Rest of South America
- SECTION 14 - MIDDLE EAST AND AFRICA CLOUD MANAGED SERVICES MARKET
- 14.1 Middle East and Africa Summary
- 14.2 Market Attractive Index
- 14.3 Middle East and Africa Cloud Managed Services Market, by Service Type (2019-2032)
- 14.4 Middle East and Africa Cloud Managed Services Market, by Vertical (2019-2032)
- 14.5 Middle East and Africa Cloud Managed Services Market, by Organization Size (2019-2032)
- 14.6 Middle East and Africa Cloud Managed Services Market, by Country (2019-2032)
- 14.6.1 Kingdom of Saudi Arabia
- 14.6.2 South Africa
- 14.6.3 U.A.E.
- 14.6.4 Egypt
- 14.6.5 Rest of Middle East and Africa
- SECTION 15 - COMPANY SHARE ANALYSIS
- 15.1 Global Cloud Managed Services Market, Company Share Analysis
- 15.2 North America Cloud Managed Services Market, Company Share Analysis
- 15.3 Europe Cloud Managed Services Market, Company Share Analysis
- 15.4 Asia-Pacific Cloud Managed Services Market, Company Share Analysis
- SECTION 16 - COMPANY PROFILES
- 16.1 IBM Corporation
- 16.1.1 Company Snapshot
- 16.1.2 Financial Overview
- 16.1.3 Product Portfolio
- 16.1.4 Recent Developments
- 16.2 Cisco Systems, Inc.
- 16.2.1 Company Snapshot
- 16.2.2 Financial Overview
- 16.2.3 Product Portfolio
- 16.2.4 Recent Developments
- 16.3 Telefonaktiebolaget LM Ericsson
- 16.3.1 Company Snapshot
- 16.3.2 Financial Overview
- 16.3.3 Product Portfolio
- 16.3.4 Recent Developments
- 16.4 Verizon
- 16.4.1 Company Snapshot
- 16.4.2 Financial Overview
- 16.4.3 Product Portfolio
- 16.4.4 Recent Developments
- 16.5 Accenture
- 16.5.1 Company Snapshot
- 16.5.2 Financial Overview
- 16.5.3 Product Portfolio
- 16.5.4 Recent Developments
- 16.6 NTT DATA Corporation
- 16.6.1 Company Snapshot
- 16.6.2 Financial Overview
- 16.6.3 Product Portfolio
- 16.6.4 Recent Developments
- 16.7 Huawei Technologies Co., Ltd.
- 16.7.1 Company Snapshot
- 16.7.2 Financial Overview
- 16.7.3 Product Portfolio
- 16.7.4 Recent Developments
- 16.8 Fujitsu
- 16.8.1 Company Snapshot
- 16.8.2 Financial Overview
- 16.8.3 Product Portfolio
- 16.8.4 Recent Developments
- 16.9 CHINA HUAXIN
- 16.9.1 Company Snapshot
- 16.9.2 Financial Overview
- 16.9.3 Product Portfolio
- 16.9.4 Recent Developments
- 16.10 CenturyLink
- 16.10.1 Company Snapshot
- 16.10.2 Financial Overview
- 16.10.3 Product Portfolio
- 16.10.4 Recent Developments
- SECTION 17 - RELATED REPORTS
- SECTION 18 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.