Global Cloud Managed Services Market Outlook, 2029

The Global cloud managed services are segmented by service type (managed business services, managed network services, managed security services, managed infrastructure services, and managed mobility services). By end-user (SMEs, large enterprises), by cloud deployment (public, private), by By (telecom and ITES, BFSI, retail and consumer, etc.).

The Global Cloud Managed Services Market is anticipated to cross USD 210 Billion by 2029, increasing from USD 100.23 Billion in 2023 with 13.75% CAGR by 2024-29.

Cloud Managed Services Market Analysis

In the digital age, businesses are increasingly leveraging cloud computing to enhance operational efficiency, scalability, and agility. However, managing cloud infrastructure can be complex and resource-intensive, requiring specialized skills and continuous monitoring. This is where Cloud Managed Services (CMS) come into play, offering businesses the expertise and support needed to optimize their cloud environments. Cloud Managed Services refer to the outsourcing of daily IT management for cloud-based services and technical support to automate and enhance business operations. These services are provided by third-party organizations known as Managed Service Providers (MSPs). MSPs take on the responsibility of managing a company's cloud infrastructure, which includes monitoring, maintaining, and securing cloud environments. The rapid evolution of cloud computing has transformed how businesses operate, providing unparalleled flexibility, scalability, and efficiency. As organizations continue to migrate their workloads to the cloud, the demand for Cloud Managed Services (CMS) has surged. This industry has become a cornerstone for businesses seeking to optimize their cloud environments without the burden of in-house management. As various organizations, such as American Red Cross, Netflix, and Rovio, are increasingly utilizing a wide array of Software-as-a-Service (SaaS) applications and various other cloud-based services, the demand for cloud-based managed security services is set to increase. Increasing penetration of mobile devices and the trend of BYOD in multiple organizations are also likely to drive the demand for this market, to manage these devices for utilization and security need. More than 65% of the workforce is expected to adopt their own devices, which further drive the cloud-managed services market growth. In terms of reliability, cloud managed services offer peace of mind. MSPs are responsible for keeping cloud services available at all times, with service level agreements (SLAs) in place to ensure clear expectations around uptime and support. Cloud MSPs can focus on perfecting the delivery of their specific services, applying patches and upgrades as needed, and monitoring for potential issues. According to the research report, “Global Cloud Managed Services Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 210 Billion by 2029, increasing from USD 100.23 Billion in 2023. The market is expected to grow with 13.75% CAGR by 2024-29. the growing emphasis on mobility and the requirement to focus on core business functions will drive market growth. Also, increasing demand for scalability and reliability will further elevate the demand for the services, enabling enterprises to scale up and down their operations by offering custom-made offerings to the available services. Businesses are increasingly adopting multi-cloud and hybrid cloud strategies to leverage the best features of different cloud providers and on-premises infrastructure. This trend has led to a rise in demand for CMS providers capable of managing diverse cloud environments and ensuring seamless integration across platforms. With cyber threats becoming more sophisticated, security remains a top priority for organizations. CMS providers are enhancing their security offerings, implementing advanced threat detection, encryption, and compliance management services. The industry's focus on security is crucial for gaining customer trust and ensuring the protection of sensitive data. The integration of Artificial Intelligence (AI) and automation in cloud management is revolutionizing the industry. AI-driven analytics and automation tools enable MSPs to predict and resolve issues proactively, optimize resource allocation, and improve overall efficiency. These technologies are essential for managing the growing complexity of cloud environments. Cost management is a critical concern for businesses using cloud services. CMS providers are developing sophisticated cost optimization tools and strategies to help organizations manage their cloud spending effectively. This includes identifying unused resources, rightsizing instances, and leveraging cost-efficient pricing models. As the Internet of Things (IoT) and edge computing gain traction, CMS providers are expanding their services to include edge infrastructure management. This trend is driven by the need for low-latency processing and real-time data analytics at the edge of the network, closer to the source of data generation.

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Market Dynamic

style="color:orange">Major DriversInnovation and Early Adoption:<\b>North America, particularly the United States, often leads in technology innovation and early adoption of cloud services. The presence of tech giants and a thriving startup ecosystem drives the demand for cutting-edge cloud managed services. • Regulatory Compliance:<\b> The region has stringent regulations such as HIPAA for healthcare and PCI DSS for financial services. Cloud managed service providers offering compliance solutions attract businesses in these regulated industries. style="color:orange">Major ChallengesCybersecurity Threats:<\b> North America is a prime target for cyberattacks due to its large concentration of businesses and data centers. Cloud managed service providers face the challenge of continuously evolving security threats and the need to invest in robust cybersecurity measures to protect client data. • Vendor Lock-In Concerns:<\b>Many businesses in North America are wary of vendor lock-in when adopting cloud services. Cloud managed service providers must offer flexible solutions that allow clients to easily migrate between providers without significant disruptions. style="color:orange">Market TrendsFocus on Edge Computing:<\B> With the proliferation of IoT devices and the need for low-latency processing, there's a growing interest in edge computing solutions in North America. Cloud managed service providers are investing in edge infrastructure and services to support distributed computing environments. • AI and ML Integration: <\b>North American businesses are increasingly integrating artificial intelligence (AI) and machine learning (ML) capabilities into their cloud environments to drive innovation and improve business outcomes. Cloud managed service providers are offering AI and ML services to support these initiatives.

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Cloud Managed Services Segmentation

By Service Type Managed Business Services
Managed Network Services
Managed Security Services
Managed Infrastructure Services
Managed Mobility Services
By End-user SMEs
Large Enterprises
By Cloud Deployment Public
Private
By Verticals Telecom & ITES
BFSI
Retail & Consumer
Others
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Managed Network Services are leading in the Cloud Managed Services industry due to their critical role in ensuring seamless connectivity, performance optimization, and security across increasingly complex and distributed cloud environments. As organizations expand their cloud deployments, the demand for reliable, high-performance, and secure network infrastructure becomes paramount. Managed Network Services address this need by offering comprehensive solutions that ensure robust connectivity between on-premises systems, multiple cloud platforms, and remote locations. These services encompass network monitoring, management, optimization, and security, which are essential for maintaining uninterrupted access to cloud resources and applications. With the rise of hybrid and multi-cloud strategies, the complexity of network architectures has increased, necessitating specialized expertise to manage data traffic efficiently, minimize latency, and prevent bottlenecks. Additionally, Managed Network Services providers implement advanced security measures, such as firewalls, intrusion detection systems, and encryption, to protect data in transit and safeguard against cyber threats. This comprehensive approach not only enhances the performance and reliability of cloud services but also frees up internal IT resources, allowing businesses to focus on their core operations and strategic initiatives. Consequently, the critical importance of network performance and security in the overall cloud ecosystem has positioned Managed Network Services at the forefront of the Cloud Managed Services industry. Large enterprises are leading in the Cloud Managed Services industry because they have extensive and complex IT environments that require specialized expertise and continuous management to ensure operational efficiency, scalability, and security. Large enterprises typically operate vast and intricate IT infrastructures that span multiple regions, encompass a variety of applications, and integrate numerous cloud platforms. Managing such complexity internally can be resource-intensive and challenging, necessitating a high level of expertise and continuous oversight. This is where Cloud Managed Services (CMS) come into play. By partnering with CMS providers, large enterprises gain access to a pool of specialized skills and advanced technologies that ensure their cloud environments are optimized for performance, cost-efficiency, and security. These services include everything from cloud strategy and migration to ongoing infrastructure management, security monitoring, and compliance assurance. Furthermore, large enterprises often have to comply with stringent regulatory requirements and maintain high standards of data protection, which CMS providers are well-equipped to handle through robust security frameworks and regular audits. The scalability of managed services allows these enterprises to efficiently manage fluctuations in demand and seamlessly scale their operations. Additionally, by outsourcing cloud management, large enterprises can redirect their internal IT resources towards innovation and strategic projects that drive business growth. The ability to manage complex, large-scale cloud environments effectively makes large enterprises pivotal players in the Cloud Managed Services industry, as they continually seek to enhance their operational capabilities and maintain competitive advantage in an increasingly digital world. Private cloud deployment is leading in the Cloud Managed Services industry because it offers enhanced security, control, and customization, which are essential for businesses with stringent regulatory requirements and specific operational needs. Private cloud deployment has become a dominant force in the Cloud Managed Services industry due to its ability to provide a highly secure and customizable environment tailored to the unique demands of individual businesses. Unlike public clouds, which share resources among multiple tenants, private clouds are dedicated to a single organization, offering greater control over data, infrastructure, and applications. This is particularly critical for industries such as finance, healthcare, and government, where compliance with stringent regulatory standards and data protection laws is non-negotiable. Private clouds enable organizations to implement robust security measures, such as dedicated firewalls, encryption, and intrusion detection systems, thus minimizing the risk of data breaches and ensuring compliance with regulations such as GDPR, HIPAA, and others. Additionally, the customization capabilities of private clouds allow businesses to optimize their infrastructure according to their specific workload requirements, performance needs, and business objectives. Managed Service Providers (MSPs) play a crucial role in this by offering expertise in designing, deploying, and managing private cloud environments, ensuring they are optimized for efficiency, reliability, and security. This tailored approach not only enhances operational performance but also provides businesses with the flexibility to scale and adapt their IT resources in response to evolving demands. The combination of enhanced security, regulatory compliance, and customization drives the preference for private cloud deployments, making them a leading choice in the Cloud Managed Services industry. Telecom and ITES (Information Technology Enabled Services) are leading in the Cloud Managed Services industry because their core operations inherently depend on robust, scalable, and secure cloud infrastructure to manage vast amounts of data, deliver uninterrupted services, and support global operations. Telecom and ITES companies are at the forefront of the Cloud Managed Services industry due to their intrinsic need for highly reliable, scalable, and secure cloud infrastructure. These sectors handle enormous volumes of data and require seamless, uninterrupted service delivery to maintain customer satisfaction and operational efficiency. For telecom companies, cloud services are critical for managing complex networks, supporting advanced communication technologies like 5G, and delivering high-speed internet and mobile services. They rely on Cloud Managed Services to ensure their networks are always up-to-date, secure, and capable of handling increasing traffic and sophisticated services. Similarly, ITES companies, which include outsourcing services such as BPOs, KPOs, and IT support, depend on cloud infrastructure to provide scalable and flexible solutions to their clients globally. These companies often deal with sensitive customer data and require robust security measures to protect against cyber threats and ensure compliance with various regulatory standards. Managed Service Providers (MSPs) offer the expertise needed to optimize cloud performance, ensure data security, and manage compliance requirements. Additionally, the global nature of telecom and ITES operations necessitates a cloud strategy that supports multiple geographies and time zones, ensuring consistent service delivery across all regions. By leveraging Cloud Managed Services, telecom and ITES companies can focus on their core competencies, innovate faster, and adapt to changing market dynamics with greater agility, thus maintaining their leadership in the industry.

Cloud Managed Services Market Regional Insights

North America is leading in the Cloud Managed Services industry because of its advanced technological infrastructure, high adoption rates of cloud computing across various sectors, and the presence of major cloud service providers and tech companies. North America, particularly the United States and Canada, has established itself as a leader in the Cloud Managed Services industry due to several key factors that create a conducive environment for cloud adoption and innovation. One of the primary reasons is the region's advanced technological infrastructure, which includes high-speed internet connectivity, extensive data center networks, and a strong ecosystem of tech companies and startups. This robust infrastructure provides a solid foundation for the deployment and management of cloud services. Additionally, North America has high adoption rates of cloud computing across diverse sectors such as finance, healthcare, retail, and manufacturing. These industries leverage cloud technologies to drive digital transformation, enhance operational efficiency, and deliver innovative services. The regulatory environment in North America, while stringent in terms of data protection and privacy, also supports innovation by providing clear guidelines and frameworks for compliance, which encourages businesses to invest in cloud solutions. Furthermore, the presence of major cloud service providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, headquartered in the region, contributes significantly to North America's leadership. These tech giants not only offer a wide array of cloud services but also continuously invest in research and development to push the boundaries of cloud technology. The competitive landscape among these providers drives innovation and leads to the development of advanced cloud solutions that cater to the evolving needs of businesses. Moreover, North America benefits from a skilled workforce with expertise in cloud computing, cybersecurity, and IT management. This talent pool enables businesses to effectively implement and manage complex cloud environments, ensuring they can fully leverage the benefits of cloud technology. The combination of technological infrastructure, high adoption rates, presence of leading cloud providers, supportive regulatory environment, and a skilled workforce makes North America a dominant player in the Cloud Managed Services industry, driving growth and setting trends for the global market.

Key Development

• In June 2023, Samsung Electronics and NAVER Cloud collaborated to launch a 5G network for Hoban Construction. This innovative network is the first in the Korean construction sector, empowering companies to integrate diverse 5G applications to enhance efficiency and safety at construction sites. • In May 2023, Serviceaide, Inc., a US-based of IT and service management solutions provider, unveiled its AI-powered solutions and the AI-Everywhere Luma Virtual Agent. Luma 3.0, incorporating Generative AI, introduced a significant advancement in productivity, efficiency, cost reduction, and business process innovation. This enhancement aims to improve all service management functions. With Luma 3.0, users and staff enjoy highly interactive experiences that effectively address their needs, providing relevant information without manual searching. • In April 2023, Sinch, a computer software company, joined forces with Synoptek, an IT service provider and Microsoft Gold partner. This strategic partnership enables Sinch to provide professional and managed Microsoft Teams Phone System services seamlessly integrated with Operator Connect or Direct Routing. The collaboration enhances the capabilities and offerings of both companies, ensuring efficient and effective solutions for their customers. • In April 2023, VMware, Inc., a cloud computing company, launched VMware Cross-Cloud managed services. These comprehensive offerings benefit partners and customers, empowering skilled partners to expand their managed services practices. The launch of VMware Cross-Cloud managed services facilitates growth, profitability, and recurring revenue for providers, while also addressing the challenge of talent and skills gaps in multi-cloud environments. It aims to deliver faster time to value and bridge the IT expertise divide for customers.

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Companies Mentioned

  • Nokia Corporation
  • Cisco Systems Inc.
  • Huawei Technologies Co.Ltd
  • Accenture PLC
  • Fujitsu Limited
  • IBM Corporation
  • Alphabet Inc
  • Amazon.com, Inc.
  • NEC Corporation
  • Atos SE
  • Verizon Communications Inc.
  • CDW Corporation
  • NTT DATA
  • Lumen Technologies, Inc.
  • Tata Consultancy Services Limited
  • Infosys Limited
  • Hewlett Packard Enterprise Company
  • Datacom Group Limited
  • Ericsson
  • DXC Technology Company
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.3.1. XXXX
  • 2.3.2. XXXX
  • 2.3.3. XXXX
  • 2.3.4. XXXX
  • 2.3.5. XXXX
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Cloud Managed Service Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Service Type
  • 6.5. Market Size and Forecast, By End-User
  • 6.6. Market Size and Forecast, By Cloud Deployment
  • 6.7. Market Size and Forecast, By Verticals
  • 7. North America Cloud Managed Service Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Service Type
  • 7.4. Market Size and Forecast, By End-User
  • 7.5. Market Size and Forecast, By Cloud Deployment
  • 7.6. Market Size and Forecast, By Verticals
  • 7.7. United States Cloud Managed Service Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Size and Forecast By Service Type
  • 7.7.3. Market Size and Forecast By End-User
  • 7.7.4. Market Size and Forecast By Cloud Deployment
  • 7.7.5. Market Size and Forecast By Verticals
  • 7.8. Canada Cloud Managed Service Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Service Type
  • 7.8.3. Market Size and Forecast By End-User
  • 7.8.4. Market Size and Forecast By Cloud Deployment
  • 7.8.5. Market Size and Forecast By Verticals
  • 7.9. Mexico Cloud Managed Service Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Service Type
  • 7.9.3. Market Size and Forecast By End-User
  • 7.9.4. Market Size and Forecast By Cloud Deployment
  • 7.9.5. Market Size and Forecast By Verticals
  • 8. Europe Cloud Managed Service Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Service Type
  • 8.4. Market Size and Forecast, By End-User
  • 8.5. Market Size and Forecast, By Cloud Deployment
  • 8.6. Market Size and Forecast, By Verticals
  • 8.7. Germany Cloud Managed Service Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Service Type
  • 8.7.3. Market Size and Forecast By End-User
  • 8.7.4. Market Size and Forecast By Cloud Deployment
  • 8.7.5. Market Size and Forecast By Verticals
  • 8.8. United Kingdom Cloud Managed Service Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Service Type
  • 8.8.3. Market Size and Forecast By End-User
  • 8.8.4. Market Size and Forecast By Cloud Deployment
  • 8.8.5. Market Size and Forecast By Verticals
  • 8.9. France Cloud Managed Service Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Service Type
  • 8.9.3. Market Size and Forecast By End-User
  • 8.9.4. Market Size and Forecast By Cloud Deployment
  • 8.9.5. Market Size and Forecast By Verticals
  • 8.10. Italy Cloud Managed Service Market Outlook
  • 8.10.1. Market Size By Value
  • 8.10.2. Market Size and Forecast By Service Type
  • 8.10.3. Market Size and Forecast By End-User
  • 8.10.4. Market Size and Forecast By Cloud Deployment
  • 8.10.5. Market Size and Forecast By Verticals
  • 8.11. Spain Cloud Managed Service Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Size and Forecast By Service Type
  • 8.11.3. Market Size and Forecast By End-User
  • 8.11.4. Market Size and Forecast By Cloud Deployment
  • 8.11.5. Market Size and Forecast By Verticals
  • 8.12. Russia Cloud Managed Service Market Outlook
  • 8.12.1. Market Size By Value
  • 8.12.2. Market Size and Forecast By Service Type
  • 8.12.3. Market Size and Forecast By End-User
  • 8.12.4. Market Size and Forecast By Cloud Deployment
  • 8.12.5. Market Size and Forecast By Verticals
  • 9. Asia-Pacific Cloud Managed Service Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Service Type
  • 9.4. Market Size and Forecast, By End-User
  • 9.5. Market Size and Forecast, By Cloud Deployment
  • 9.6. Market Size and Forecast, By Verticals
  • 9.7. China Cloud Managed Service Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Service Type
  • 9.7.3. Market Size and Forecast By End-User
  • 9.7.4. Market Size and Forecast By Cloud Deployment
  • 9.7.5. Market Size and Forecast By Verticals
  • 9.8. Japan Cloud Managed Service Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Service Type
  • 9.8.3. Market Size and Forecast By End-User
  • 9.8.4. Market Size and Forecast By Cloud Deployment
  • 9.8.5. Market Size and Forecast By Verticals
  • 9.9. India Cloud Managed Service Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Service Type
  • 9.9.3. Market Size and Forecast By End-User
  • 9.9.4. Market Size and Forecast By Cloud Deployment
  • 9.9.5. Market Size and Forecast By Verticals
  • 9.10. Australia Cloud Managed Service Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Service Type
  • 9.10.3. Market Size and Forecast By End-User
  • 9.10.4. Market Size and Forecast By Cloud Deployment
  • 9.10.5. Market Size and Forecast By Verticals
  • 9.11. South Korea Cloud Managed Service Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Service Type
  • 9.11.3. Market Size and Forecast By End-User
  • 9.11.4. Market Size and Forecast By Cloud Deployment
  • 9.11.5. Market Size and Forecast By Verticals
  • 10. South America Cloud Managed Service Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Service Type
  • 10.4. Market Size and Forecast, By End-User
  • 10.5. Market Size and Forecast, By Cloud Deployment
  • 10.6. Market Size and Forecast, By Verticals
  • 10.7. Brazil Cloud Managed Service Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Size and Forecast By Service Type
  • 10.7.3. Market Size and Forecast By End-User
  • 10.7.4. Market Size and Forecast By Cloud Deployment
  • 10.7.5. Market Size and Forecast By Verticals
  • 10.8. Argentina Cloud Managed Service Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Service Type
  • 10.8.3. Market Size and Forecast By End-User
  • 10.8.4. Market Size and Forecast By Cloud Deployment
  • 10.8.5. Market Size and Forecast By Verticals
  • 10.9. Columbia Cloud Managed Service Market Outlook
  • 10.9.1. Market Size By Value
  • 10.9.2. Market Size and Forecast By Service Type
  • 10.9.3. Market Size and Forecast By End-User
  • 10.9.4. Market Size and Forecast By Cloud Deployment
  • 10.9.5. Market Size and Forecast By Verticals
  • 11. Middle East & Africa Cloud Managed Service Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Service Type
  • 11.4. Market Size and Forecast, By End-User
  • 11.5. Market Size and Forecast, By Cloud Deployment
  • 11.6. Market Size and Forecast, By Verticals
  • 11.7. UAE Cloud Managed Service Market Outlook
  • 11.7.1. Market Size By Value
  • 11.7.2. Market Size and Forecast By Service Type
  • 11.7.3. Market Size and Forecast By End-User
  • 11.7.4. Market Size and Forecast By Cloud Deployment
  • 11.7.5. Market Size and Forecast By Verticals
  • 11.8. Saudi Arabia Cloud Managed Service Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Service Type
  • 11.8.3. Market Size and Forecast By End-User
  • 11.8.4. Market Size and Forecast By Cloud Deployment
  • 11.8.5. Market Size and Forecast By Verticals
  • 11.9. South Africa Cloud Managed Service Market Outlook
  • 11.9.1. Market Size By Value
  • 11.9.2. Market Size and Forecast By Service Type
  • 11.9.3. Market Size and Forecast By End-User
  • 11.9.4. Market Size and Forecast By Cloud Deployment
  • 11.9.5. Market Size and Forecast By Verticals
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Amazon.com, Inc
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. Alphabet Inc.
  • 12.6.3. International Business Machines Corporation
  • 12.6.4. Cisco Systems, Inc.
  • 12.6.5. Hewlett Packard Enterprise Company
  • 12.6.6. NTT DATA Corporation
  • 12.6.7. Atos SE
  • 12.6.8. CDW Corporation
  • 12.6.9. NEC Corporation
  • 12.6.10. Accenture plc
  • 12.6.11. Huawei Technologies Co., Ltd.
  • 12.6.12. Datacom Group Limited
  • 12.6.13. Infosys Limited
  • 12.6.14. Ericsson
  • 12.6.15. Fujitsu Limited
  • 12.6.16. Lumen Technologies, Inc
  • 12.6.17. DXC Technology Company
  • 12.6.18. Verizon Communications Inc.
  • 12.6.19. Nokia Corporation
  • 12.6.20. Tata Consultancy Services Limited
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

Table 1: Global Cloud Managed Service Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Cloud Managed Service Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Cloud Managed Service Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Cloud Managed Service Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 8: Global Cloud Managed Service Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 9: Global Cloud Managed Service Market Size and Forecast, By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 10: Global Cloud Managed Service Market Size and Forecast, By Verticals (2018 to 2029F) (In USD Billion)
Table 11: North America Cloud Managed Service Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 12: North America Cloud Managed Service Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 13: North America Cloud Managed Service Market Size and Forecast, By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 14: North America Cloud Managed Service Market Size and Forecast, By Verticals (2018 to 2029F) (In USD Billion)
Table 15: United States Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 16: United States Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 17: United States Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 18: United States Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 19: Canada Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 20: Canada Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 21: Canada Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 22: Canada Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 23: Mexico Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 24: Mexico Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 25: Mexico Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 26: Mexico Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 27: Europe Cloud Managed Service Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 28: Europe Cloud Managed Service Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 29: Europe Cloud Managed Service Market Size and Forecast, By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 30: Europe Cloud Managed Service Market Size and Forecast, By Verticals (2018 to 2029F) (In USD Billion)
Table 31: Germany Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 32: Germany Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 33: Germany Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 34: Germany Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 35: United Kingdom Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 36: United Kingdom Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 37: United Kingdom Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 38: United Kingdom Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 39: France Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 40: France Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 41: France Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 42: France Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 43: Italy Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 44: Italy Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 45: Italy Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 46: Italy Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 47: Spain Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 48: Spain Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 49: Spain Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 50: Spain Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 51: Russia Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 52: Russia Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 53: Russia Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 54: Russia Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 55: Asia-Pacific Cloud Managed Service Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 56: Asia-Pacific Cloud Managed Service Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 57: Asia-Pacific Cloud Managed Service Market Size and Forecast, By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 58: Asia-Pacific Cloud Managed Service Market Size and Forecast, By Verticals (2018 to 2029F) (In USD Billion)
Table 59: China Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 60: China Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 61: China Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 62: China Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 63: Japan Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 64: Japan Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 65: Japan Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 66: Japan Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 67: India Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 68: India Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 69: India Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 70: India Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 71: Australia Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 72: Australia Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 73: Australia Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 74: Australia Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 75: South Korea Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 76: South Korea Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 77: South Korea Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 78: South Korea Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 79: South America Cloud Managed Service Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 80: South America Cloud Managed Service Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 81: South America Cloud Managed Service Market Size and Forecast, By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 82: South America Cloud Managed Service Market Size and Forecast, By Verticals (2018 to 2029F) (In USD Billion)
Table 83: Brazil Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 84: Brazil Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 85: Brazil Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 86: Brazil Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 87: Argentina Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 88: Argentina Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 89: Argentina Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 90: Argentina Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 91: Colombia Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 92: Colombia Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 93: Colombia Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 94: Colombia Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 95: Middle East & Africa Cloud Managed Service Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 96: Middle East & Africa Cloud Managed Service Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 97: Middle East & Africa Cloud Managed Service Market Size and Forecast, By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 98: Middle East & Africa Cloud Managed Service Market Size and Forecast, By Verticals (2018 to 2029F) (In USD Billion)
Table 99: United Arab Emirates Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 100: United Arab Emirates Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 101: United Arab Emirates Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 102: United Arab Emirates Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 103: Saudi Arabia Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 104: Saudi Arabia Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 105: Saudi Arabia Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 106: Saudi Arabia Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)
Table 107: South Africa Cloud Managed Service Market Size and Forecast By Service Type (2018 to 2029F) (In USD Billion)
Table 108: South Africa Cloud Managed Service Market Size and Forecast By End-User (2018 to 2029F) (In USD Billion)
Table 109: South Africa Cloud Managed Service Market Size and Forecast By Cloud Deployment (2018 to 2029F) (In USD Billion)
Table 110: South Africa Cloud Managed Service Market Size and Forecast By Verticals (2018 to 2029F) (In USD Billion)

Figure 1: Global Cloud Managed Service Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Cloud Managed Service Market Share By Region (2023)
Figure 6: North America Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Cloud Managed Service Market Share By Country (2023)
Figure 8: US Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Cloud Managed Service Market Share By Country (2023)
Figure 13: Germany Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Cloud Managed Service Market Share By Country (2023)
Figure 21: China Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America Cloud Managed Service Market Share By Country (2023)
Figure 28: Brazil Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 29: Argentina Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 30: Columbia Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 31: Middle East & Africa Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 32: Middle East & Africa Cloud Managed Service Market Share By Country (2023)
Figure 33: UAE Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 34: Saudi Arabia Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 35: South Africa Cloud Managed Service Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2023
Figure 37: Market Share insights of key players, 2023
Figure 38: Porter's Five Forces of Global Cloud Managed Service Market

Cloud Managed Services Market Research FAQs

Cloud Managed Services refer to the outsourcing of daily IT management for cloud-based services and technical support to automate and enhance business operations. These services are provided by third-party organizations known as Managed Service Providers (MSPs).

Cloud Managed Services encompass a range of IT functions and support services, including cloud strategy and consulting, cloud migration, infrastructure management, security and compliance, backup and disaster recovery, performance optimization, and continuous monitoring.

Businesses adopt Cloud Managed Services to optimize their cloud environments, reduce costs, enhance security, improve scalability and agility, access specialized expertise, and focus on core business activities.

The benefits of Cloud Managed Services include cost efficiency, expertise and support, enhanced security, scalability, focus on core business, and continuous monitoring and optimization of cloud environments.

Key trends in the Cloud Managed Services industry include the growing adoption of multi-cloud and hybrid cloud strategies, focus on security and compliance, integration of AI and automation, demand for cost optimization, expansion of edge computing, and sustainability initiatives.

Challenges facing the Cloud Managed Services industry include talent shortage, complexity of cloud environments, customer trust and security concerns, and rapid technological changes.
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Global Cloud Managed Services Market Outlook, 2029

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