Global Cloud Managed Services Market is valued at approximately USD 80 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.00 % over the forecast period 2021-2027. Cloud management refers to the exercise of control over public, private or hybrid cloud infrastructure resources and services. A well-designed cloud management strategy can help IT pros control those dynamic and scalable computing environments. Rising IT infrastructure and its functionalities in telecommunication and rising demand for data maintenance have led to the adoption of Cloud Managed Services across the forecast period. For Instance: As per IBEF, Currently, India is the world's second-largest telecommunication market with a subscriber base of 1.16 billion and has registered strong growth in the last decade. Indian mobile economy is growing rapidly and will contribute substantially to India's Gross Domestic Product (GDP) according to a report prepared by GSM Association (GSMA) in collaboration with Boston Consulting Group (BCG). Also, with the growing service technologies, the adoption & demand for Cloud Managed Services is likely to increase the market growth during the forecast period. However, data security impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Cloud Managed Services market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to technological advancements. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as the presence of emerging economies like India, China, Hong Kong, and Japan would create lucrative growth prospects for the Cloud Managed Services market across Asia-Pacific region.

Major market players included in this report are:
HPE (US)
IBM (US)
Ericsson (Sweden)
AWS (US)
Cisco (US)
Infosys
NTT DATA (Japan)
Fujitsu (Japan)
Accenture (Ireland)
Sirius Computer Solutions
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
Managed Business Services
Managed Network Services
Managed Security Services
Managed Infrastructure Services
Managed Mobility Services
Managed Communication and Collaboration Services
By Size:
Large Enterprises
Small and Medium-Sized Enterprises
By Verticals:
BFSI
Telecom
Government and public sector
Healthcare and life sciences
Retail and Consumer goods
Manufacturing
Energy and Utilities
IT
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Cloud Managed Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

HPE (US)
>IBM (US)
Ericsson (Sweden)
AWS (US)
Cisco (US)
Infosys
NTT DATA (Japan)
Fujitsu (Japan)
Accenture (Ireland)
Sirius Computer Solutions