Global cloud-based managed services market overview
Technavio’s market research analyst predicts that the global cloud-based managed services market will grow at an impressive CAGR of close to 20% during the forecast period. A key factor impelling the prospects for growth of the cloud-based managed services market size is the recent rise in cloud automation. In a competitive business scenario, automation helps in aligning business needs with IT by increasing the delivery speed of services for end users. Since it enables the intelligent use of data center infrastructure, the deployment of sophisticated services across data centers, cloud environments, and mobile devices becomes simplified.
In this market research, analysts have estimated factors like the high demand for cloud-based mobility services to spur market growth until 2020. Recently, it has been observed that many enterprises have started choosing managed services over traditional services due to their added advantages. Managed services offer benefits like risk sharing and reduced IT cost for organizations. Outsourcing these solutions allows enterprises to concentrate more on their core competencies, which in turn allows enterprises to generate more revenue and increase operational efficiencies. Moreover, its ability to reduce CAPEX for enterprises and to free up internal resources for core business functions will lead to the high adoption of cloud-based mobility services during the predicted period.
Segmentation by application and the cloud-based managed services industry analysis
- Cloud-based managed security services
- Cloud-based managed mobility services
- Cloud-based managed hosting services
- Cloud-based managed network services
The global cloud-based managed security services segment dominates this market and is expected to grow at a CAGR of over 19% by the end of the forecast period. With a rise in the use of mobile data security services, cloud-based security services have become an inseparable part of growing organizations. Furthermore, with the increasing utilization of a large number of SaaS applications and other cloud-based services, numerous organizations have been encouraged to adopt cloud-based managed security services.
Geographical segmentation of the cloud-based managed services market analysis
The Americas currently dominate the global cloud-based managed services market and is anticipated to retain its hold over the market until 2020 owing to the rising adoption of cloud-based managed mobility services to boost workforce mobility. In addition, factors such as the increased adoption of cloud-based solutions in the financial sector to improve productivity and customer experience will also result in the strong growth of this market in the Americas during the estimated period.
Competitive landscape and key vendors
The global cloud-based managed services market is highly fragmented due the presence of many large and niche players. The market is also characterized by the presence of many region-specific players that have limited geographical reach. To survive in this market, some large vendors acquire regional companies as it will help them to boost their revenue generating capacity.
Key vendors in the market are -
Other prominent vendors in the cloud-based managed services market include Civica, Aricent, Atos, BT Global Services, CenturyLink, Digital Realty, Equinix, Expedient, HOSTING, Huawei, Intermec, Level 3 Communications, Lockheed Martin, Microsoft, Netmagic, Rackspace, Stratix, Tangoe, TCS, Tech Mahindra, TelecityGroup, Telefonica, Telehouse, Unisys, Verizon, Vox Mobile, WidePoint, Wipro, and Zayo Group.
Key questions answered in the report include
- What will the cloud-based managed services market size and the growth rate be in 2020?
- What are the key factors driving the global cloud-based managed services market?
- What are the key market trends impacting the growth of the global cloud-based managed services market?
- What are the challenges to the cloud-based managed services market growth?
- Who are the key vendors in the global cloud-based managed services market?
- What are the market opportunities and threats faced by the vendors in the global cloud-based managed services market?
- Trending factors influencing the cloud-based managed services market shares of the Americas, APAC, Europe, and MEA.
- What are the key outcomes of the five forces analysis of the global cloud-based managed services market?
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