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The cloud-managed services market share is expected to increase to USD 52.62 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.37%.
This cloud-managed services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cloud-managed services market segmentation by end-user (large enterprise and small and medium enterprise) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The cloud-managed services market report also offers information on several market vendors, including 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. among others.
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The rising adoption of cloud computing services is notably driving the cloud-managed services market growth, although factors such as the data privacy and security risk in cloud-based services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud-managed services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cloud Managed Services Market Driver
Key Cloud Managed Services Market Trend
Key Cloud Managed Services Market Challenge
This cloud-managed services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cloud-managed services market as a part of the global data processing and outsourced services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud-managed services market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the cloud-managed services market encompasses successful business strategies deployed by the key vendors. The cloud-managed services market is fragmented and the vendors are deploying growth strategies such as acquiring smaller vendors to expand their service portfolios, boost their market shares, and increase geographical reach to compete in the market.
accenture.com = The company offers cloud-managed services that include cloud migration, Infrastructure Services, Data transformation, and cloud security.
accenture.com = Through the North America segment, the company sells and delivers a full range of its services and capabilities to clients across North America.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cloud-managed services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cloud-managed services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a devastating effect on the regional economy and on SMEs and large enterprises in 2020. It led to the imposition of strict lockdowns and a slowdown in the sales of most businesses in the region. Organizations started using digital solutions and other business management solutions to simplify their operations during the pandemic. For instance, in July 2020, Zim Integrated Shipping Services Ltd. extended its contract with Orange SA for cloud-based contact center and collaboration services, including network connectivity and audio and web conferencing. Thus, the expansion of remote working caused an increase in mobile attack surfaces such as data leakage, spyware, and phishing attacks dramatically.
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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.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud-managed services market size and actionable market insights on post COVID-19 impact on each segment.
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 |
Key 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 recovery analysis and future consumer dynamics, 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. |
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