The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased enterprise cloud technology usage is likely to boost innovation in cloud managed services manufacturing, propelling the market during the forecast period.

The global cloud managed services market is expected to grow from $80.03 billion in 2022 to $89.68 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The global cloud managed services market size is expected to grow to $141.03 billion in 2027 at a CAGR of 12.0%.

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Global Cloud Managed Services Market Segments Include:

• By Service Type: Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication and Collaboration Services
• By Deployment: Public cloud, Private cloud
• By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
• By End-User: Government, Retail, IT and Telecommunication, Manufacturing, BFSI, Healthcare, Energy and Utilities
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cloud managed services market in 2021.

Major Market Players in the cloud managed services market include International Business Machines Corporation, Ericsson, Amazon Web Services Inc., Cisco Systems Inc., Infosys Limited, NTT DATA Corporation, Fujitsu Limited, Accenture Plc., NEC Corporation, Wipro Limited, Atos, Huawei Technologies Co.

The primary trend that is gaining traction in the market for cloud-managed services is technological advancement. To improve their market position, major players in the cloud-managed services industry are creating cutting-edge technical solutions. For instance, the US-based software business Red Hat Software introduced three new cloud services in April 2021 under the names Red Hat OpenShift Data Science, Red Hat OpenShift Streams for Apache Kafka, and Red Hat OpenShift API Management. Delivering a fully-managed and streamlined user experience as businesses design, launch, maintain, and grow cloud-native apps across hybrid environments is one of the service’s distinctive offerings to businesses.

The Cloud Managed Services Global Market Report 2023 provides a cloud managed services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud managed services market forecast analyzes cloud managed services market size, cloud managed services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cloud managed services are outsourced services that assist businesses in effectively managing their cloud resources, resulting in effective operations and cost savings. Organisations that entrust a third party with managing their cloud platforms utilise them.

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