What are Cloud Managed Services?

Cloud Managed Services involve outsourcing day-to-day IT management and cloud-based operations to a third-party service provider. These services include network, application, infrastructure, and security management. The goal is to optimize cloud usage, improve efficiency, and ensure continuous operations with minimal downtime.

How big is Cloud Managed Services Market?

The Global Cloud Managed Services Market size is expected to be worth around USD 443.0 Billion By 2033, from USD 119.0 Billion in 2023, growing at a CAGR of 14% during the forecast period from 2024 to 2033.

What is driving the growth of the Cloud Managed Services Market?

The growth is driven by the increasing adoption of cloud technologies, the need for cost optimization, the demand for enhanced IT agility, and the rise of remote work.

Which industries are the primary adopters of Cloud Managed Services?

Key industries include IT and telecom, banking, financial services, and insurance (BFSI), healthcare, retail, manufacturing, and government sectors. These industries require scalable and secure cloud solutions to manage large amounts of data and applications.

What challenges are faced by the Cloud Managed Services Market?

Challenges include data security concerns, compliance with regulations, vendor lock-in, the complexity of managing multi-cloud environments, and the need for continuous updates and monitoring.

Global Cloud Managed Services Market By Service Type (Managed Mobility Services, Managed Security Services, Managed Communication and Collaboration Services, Managed Network Services, Managed Business Services, Managed Infrastructure Services), By Deployment Mode (Public Cloud, Private Cloud), By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), By Industry Vertical (IT and Telecommunications, BFSI, Retail, Healthcare, Manufacturing, Government and Public Sector, Other Industry Verticals), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: August 2024
Report ID: 127420
Number of Pages: 383
Format:

- Accenture plc
- IBM Corporation
- Deloitte Touche Tohmatsu Limited
- Infosys Limited
- Veritis Group Inc.
- Wipro Limited
- NTT Ltd.
- Fujitsu Limited
- Capgemini SE
- Cloud4C
- Other Key Players