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Cloud Managed Services Market 2020-2023: Key Findings, COVID – 19 Impact Analysis, Regional Study, Recent Trends, Industry Growth, Top Key Players Profiles and Future Prospects

Cloud Managed Services Market Scenario:

The global cloud managed services market size is expected to cross a valuation of around USD 55 billion by 2023, with a 15% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) reviewed the market and revealed that the global market could depend on factors like growing demand for simplified services across industries, need for different access points to ease the workflow, ability to curb the IT maintenance cost, technological inclusion, support from the end user industries, digitalization, urbanization, a surge in intake of the system in developed and developing countries, and others.

However, the Cloud Managed Services Market may suffer a setback due to the high initial installation cost and the lack of experts who can deter market growth.

Competitive Landscape:

Alcatel-Lucent (Finland), IBM technologies (U.S.), Huawei Technologies (China), Ericsson (U.S.), NTT DATA Corporation (Japan), Cisco Systems (U.S.), Accenture PLC (Ireland), Verizon Communications (U.S.), Fujitsu Ltd. (Japan), NTT DATA Services (U.S.), and others are eminent names involved in the global cloud managed services market. These companies are implementing strategic moves that cover methods like a merger, tie-up, acquisition, branding, launching, and others to make sure their individual stand turns stronger, and the market benefits from it. MRFR recorded these latest changes to understand how well the market would perform in the coming years and what trends are dominating the market.

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Cloud Managed Services Market Segmentation:

The global report studying various details of the cloud managed services market has a segmentation based on organization size, deployment, type, and end-user. MRFR’s analysts have reviewed the market on a microscopic level to come up with insights that can help in chalking out better plans for the coming years.

  • By type, the study of the global market includes managed infrastructure services, managed network services & managed security services and managed data center services, managed mobility services & managed communication services.
  • By deployment type, the global market study includes public cloud and private cloud.
  • By organization, the global study of the market includes small & medium enterprises and large enterprises.
  • By vertical, the market study comprises telecommunication and IT, BFSI, healthcare, retail, government, energy & utilities, manufacturing, and others.

Regional Analysis:

Structural benefits and financial capacity are allowing the North American market to dominate the global market. Asia Pacific is showing ample opportunities for leaving others behind in terms of growth speed. The regional market would benefit from countries like China, Japan, India, South Korea, and others.

Industry News:

  • In August 2020, Pure Health, a UAE-based company known for its laboratory network with around 117 laboratories in the country, announced that it has inked a deal with BIOS Middle East, a company known as a cloud and managed service provider for Infrastructure-as-a-Service (IaaS). This would be a collaboration of Pure Health’s core Laboratory Information System (LIS) on BIOS’s CloudHPT.
  • In August 2020, MSRCosmos, announced that it had received the SAP on Microsoft Azure advanced specialization. This validates their extensive experience, deep knowledge, and proven success at implementing SAP solutions on platforms like Azure. In fact, this also shows that the company has a comprehensive and professional SAP to cloud-managed service that they can offer to their clients.
  • COVID-19 pandemic triggered the uptaking of several developments that would help in streamlining the workflow and ensure minimum contact points. That is why a lot of companies are now relying on cloud managed services. This creates scope for the market to operate in bigger fields and it will help in fetching more revenues.

Table of Content:

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued….

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List of Tables

Table 1 Global Cloud Managed Services Market: By Region, 2017-2023

Table 2 North America Cloud Managed Services Market: By Country, 2017-2023

Table 3 Europe Cloud Managed Services Market: By Country, 2017-2023

Table 4 Asia Pacific Cloud Managed Services Market: By Country, 2017-2023

Table 5 Rest of The World Cloud Managed Services Market: By Country, 2017-2023

Continued…

List of Figures

Figure 1 Global Cloud Managed Services Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Five Forces Analysis of Global Cloud Managed Services Market

Figure 4 Value Chain of Global Cloud Managed Services Market

Figure 5 Share of Global Cloud Managed Services Market In 2017, By Country (In %)

Continued…

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Cloud Managed Services Market (covid-19 analysis) SWOT analysis, key indicators, forecast to 2026 | IBM, Cisco Systems. Inc, Ericsson, Verizon Communication Inc., Accenture PLC

Cloud Managed Services Market Scenario 2020-2026:

The Global Cloud Managed Services market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2014-2026. On the basis of historical data, Cloud Managed Services market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of the market Cloud Managed Services industry is likely to appear as a commendable platform for emerging Cloud Managed Services market investors.

This Cloud Managed Services Market Report covers the manufacturer’s data, including shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better.

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The complete value chain and downstream and upstream essentials are scrutinized in this report. Essential trends like globalization, growth progress boost fragmentation regulation & ecological concerns. This Market report covers technical data, manufacturing plants analysis, and raw material sources analysis of Cloud Managed Services Industry as well as explains which product has the highest penetration, their profit margins, and R&D status. The report makes future projections based on the analysis of the subdivision of the market which includes the global market size by product category, end-user application, and various regions.

Topmost Leading Manufacturer Covered in this report:
IBM, Cisco Systems. Inc, Ericsson, Verizon Communication Inc., Accenture PLC, NTT Data Corporation, Huawei Technologies, Fujitsu Limited, China Huaxin( Alcatel Lucent Enterprise), CenturyLink

Product Segment Analysis:
Business, Network, Security, Data Center, Mobility

Application Segment Analysis:

Public
Private

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Regional Analysis For Cloud Managed Services Market

North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Synopsis:
The market research report consists of extensive primary research, as well as an in-depth analysis of the qualitative and quantitative aspects by various industry specialists and professionals, to gain a deeper insight into the market and the overall landscape.

The objectives of the report are:

– To analyze and forecast the market size of Cloud Managed Services Industry in the global market.
– To study the global key players, SWOT analysis, value and global market share for leading players.
– To determine, explain and forecast the market by type, end use, and region.
– To analyze the market potential and advantage, opportunity and challenge, restraints and risks of global key regions.
– To find out significant trends and factors driving or restraining the market growth.
– To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
– To critically analyze each submarket in terms of individual growth trend and their contribution to the market.
– To understand competitive developments such as agreements, expansions, new product launches, and possessions in the market.
– To strategically outline the key players and comprehensively analyze their growth strategies.

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At last, the study gives out details about the major challenges that are going to impact market growth. They also report provides comprehensive details about the business opportunities to key stakeholders to grow their business and raise revenues in the precise verticals. The report will aid the company’s existing or intend to join in this market to analyze the various aspects of this domain before investing or expanding their business in the Cloud Managed Services markets.

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