PUNE, India, December 29, 2021 / PRNewswire / – The Cloud Managed Services Market the size should go from $ 86.1 billion in 2021 to $ 139.4 billion by 2026, at a compound annual growth rate (CAGR) of 10.1% over the forecast period. Managed cloud services are rapidly gaining acceptance across the world by large enterprises and SMEs due to a variety of benefits including increasing digitization and the emerging trend of workplace transformation, lower costs, efficient collaborations and reduced time to market new products.
The managed communication and collaboration services segment is expected to grow at a higher rate during the forecast period.
The report profiles the following key vendors:
IBM (United States), Ericsson (Sweden), AWS (United States), Cisco (United States), Infosys (India), NTT DATA (Japan), Fujitsu (Japan), Accent (Ireland), HPE (United States), NEC (Japan), Atos (France), Alcatel-Lucent (France), TCS (India), Wipro (India), Rackspace (United States), Datacom (New Zealand), Huawei (China), Cloudiness (Washington), Connectria (United States), DLT Solutions (United States), Sirius Compture Solutions (United States).
Get a Free Copy of the Global Cloud Managed Services Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=5173235
Communication and collaboration play a crucial role in any organization; they help employees improve their efficiency and improve team collaboration. It is not a single tool or product, but a set of solutions that organizations implement to ensure that all of their technologies work together, smoothly and securely, for collaboration in time. almost real. It consists of a variety of communication tools, such as voice, IP phone calls, instant messaging, desktop sharing, telepresence and web conferencing, audio conferencing and video conferencing, to interact together. practically seamlessly.
To increase business productivity and maintain a competitive edge in the marketplace, SMEs are adopting cloud-managed services at a higher rate
Organizations with an employee range of 1 and 999 are classified as SMEs. These companies face a greater scarcity of resources than large companies and need better methods of solving complex problems in order to better optimize the costs of their business processes. With the growing number of SMEs around the world, the need for managed services is also increasing. Cloud services have become the central part of the business process due to their flexibility and ease of use and are expected to grow in the years to come. Security, compliance, and reduced downtime are some of the key benefits SMBs benefit from adopting managed services.
Vertical sector of retail and consumer goods industry is expected to grow at the highest rate during the forecast period
The retail sector is one of the fastest growing verticals due to the increasing purchasing power of consumers; thus, the vertical attracts large companies from all over the world. Growing trends in mobile data consumption and increased use of smartphones and tablets in countries have paved the way for increased demand for mobility solutions in the retail industry. Consumer goods companies, from beverages to cosmetics, are evaluating their future approach to the business model.
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North America dominate the cloud services market in 2021
North America has been an extremely open and competitive market in terms of adopting cloud managed service solutions across all verticals, such as healthcare, IT and manufacturing. It is the region that has adopted cloud managed services the most. It has been extremely responsive to embrace the latest technological advancements, such as integration technologies with AI, cloud, and mobile technologies within traditional cloud managed services. Higher internet penetration is a major driver for cloud application adoption. The growing adoption of the recurring revenue model. North America is expected to increase adoption of managed services by businesses. However, service providers focused on customer engagement would benefit more from the recurring revenue model.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, in-depth primary interviews were conducted with key individuals. The breakdown of the profiles of the main participants is as follows:
By type of business: Level I: 42%, Level II: 24% and Level III: 34%
By designation: C-Level: 28%, D-Level: 38% and Others: 34%
By region: North America: 41%, Europe: 22%, APAC: 19%, Row: 18%
The global cloud managed services market has been segmented by service types, organization size, vertical, and region. Cloud Managed Services market is sub-segmented by service types including Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Services communication and collaboration management. Based on the size of the organization, the market is categorized into SMEs and Large Enterprises. Vertical industries considered in the study include government, banking, financial services and insurance (BFSI), telecommunications, retail and consumer goods, healthcare and life sciences. , manufacturing, computing, energy and utilities and others (energy and utilities, computing, media, entertainment and education). By region, the market is studied through North America, Europe, APAC, MEA and Latin America.
Another related report:
Global Cloud Managed Services Market Overview 2021, Analysis and Forecast to 2026, by Manufacturers, Regions, Technology, Application, Product Type – This report describes the global Cloud Managed Services market size from 2016 to 2020 and its CAGR from 2016 to 2020, and also forecasts its market size to the end of 2026 and its CAGR from 2021 to 2026. Companies Covered: IBM, Cisco Systems. Inc, Ericsson, Verizon Communication Inc., Accenture PLC, NTT Data Corporation, Huawei Technologies, Fujitsu Limited, China Huaxin, CenturyLink, etc. Get a free copy of this research report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=4825150
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