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Cloud Managed Services Market Revenue Share Analysis, Market Growth Forecast, 2021–2032

The cloud managed services market size was USD 99.00 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.6% during the forecast period. The cloud managed services market is a rapidly growing sector of the IT industry. Cloud managed services are IT services that are delivered over the internet and are managed by a third-party provider. These services include cloud storage, cloud hosting, cloud monitoring, and other cloud-based IT solutions.

One of the key drivers of the cloud managed services market is the increasing adoption of cloud-based solutions by businesses of all sizes. Cloud services provide several benefits over traditional on-premise IT solutions, including lower costs, greater scalability, and enhanced flexibility. As a result, more businesses are turning to cloud managed services to manage their IT infrastructure.

Another driver of the cloud managed services market is the growing need for data security and compliance. With the increasing amount of data being generated by businesses, it is important to ensure that this data is secure and meets regulatory requirements. Cloud managed services providers offer advanced security measures and compliance solutions to help businesses meet these needs.

The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Cloud Managed Services market include:

IBM, Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Fujitsu, Accenture, Amazon Web Services, Inc., NTT DATA Corporation, Infosys Limited, Hewlett Packard Enterprise Development LP, and NEC Corporation

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Cloud Managed Services market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Cloud Managed Services Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market

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Cloud Managed Services Market Segmentation:

Service Type Outlook (Revenue, USD Billion; 2019–2032)
- Managed Security Services
- Managed Network Services
- Managed Infrastructure Services
- Managed Communication & Collaboration Services
- Managed Mobility Services
- Managed Business Services

Organization Size Outlook (Revenue, USD Billion; 2019–2032)
- Small & Medium-Sized Enterprises (SMEs)
- Large Enterprises

Vertical Outlook (Revenue, USD Billion; 2019–2032)
- Banking, Financial Services, & Insurance (BFSI)
- Telecom
- Information Technology
- Government & Public Sector
- Healthcare & Life Sciences
- Retail & Consumer Goods
- Manufacturing
- Energy & Utilities
- Other Verticals

Cloud Managed Services Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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