Global sales of cloud managed services in 2021 was held at US$ 86.1 Bn. With 9.6%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. Managed Network Services are expected to be the highest revenue generating cloud managed services type, with a projected growth of 9.1% during 2022 – 2032.
Key Points Covered in cloud managed services Industry Survey:
- Market Estimates and Forecasts (2017-2032)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on Cloud Managed Services and How to Navigate
- Recommendation on Key Winning Strategies
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Competitive Analysis
The key players such as IBM, Ericsson, AWS, Cisco, and Infosys adopt several organic and inorganic strategies to enhance their revenue and market standings.
Some of the recent developments of key cloud managed services providers are as follows:
- In March, 2022, Google announced that they have launched new Tau T2D VMs, which delivers 42% better price-performance compared to leading cloud providers. It offers more flexibility to support customers’ enterprise with dual-region buckets and upcoming Turbo Replication. Google cloud is set to expand at a large scale on global network with the inclusion of 29 new regions.
- In September 2021, DigitalOcean acquired a serverless platform provider, Nimbella. It will help companies adopt serverless computing; while, DigitalOcean provides cloud services to help businesses scale themselves.
- In April, 2021, Microsoft acquired Nuance Communications, which is a leading provider of conversational AI in healthcare domain. Microsoft completed this acquisition with a valuation of US$ 19.7 Bn.
- In Oct 2020, IBM Corporation to separate its managed infrastructure services unit of its Global Technology Services division into a new public company named "NewCo".
Similarly, recent developments related to companies cloud managed services have been tracked by the team at Fact.MR, which are available in the full report.
Market Segments Covered in Cloud managed services Industry Analysis
· By Service Type :
- Managed Business Services
- Managed Network Services
- Managed Security Services
- Managed Infrastructure Services
- Managed Mobility Services
- Managed Communication and Collaboration Services
· By Vertical :
- BFSI
- Telecom
- Government and public sector
- Healthcare and life sciences
- Retail and Consumer goods
- Manufacturing
- Energy and Utilities
- IT
- Others (Transport, Education, and Travel and Hospitality)
· By Organization Size :
- Large Enterprises
- Small And Medium-Sized Enterprises
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