Cloud Managed Services Market Size, Share, Trends, Growth and Forecast 2032

Cloud Managed Services Market Insights

According to a report from Zion Market Research, the global Cloud Managed Services Market was valued at USD 125.27 Million in 2023 and is projected to hit USD 428.08 Million by 2032, with a compound annual growth rate (CAGR) of 14.63% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Cloud Managed Services industry over the next decade.

Request Free Sample

Key Market Driving Factors

The escalating requirements for managing critical IT procedures and business applications along with the need for easing the handling of major business applications will propel the demand for cloud managed services over the years to come.  Furthermore, cloud managed services assist the organization in enhancing its dynamism, agility, and capability to respond to the changing business scenario.

Apart from this, firms can derive better payoff through the use of cloud managed services. Moreover, cloud managed solutions help the organizations in connecting quickly with end-users along with creating business value for the firms. In addition to this, this new service proposition has the ability to reduce physical IT infrastructure costs. Apparently, the cloud managed services can impact the moment of truth, thereby not only influencing the earnings of the industry players but also the growth of the cloud managed services market.

Request Free Sample

North America To Make Notable Contributions Towards Overall Market Share By 2025

The growth of the regional market over the forecast period is owing to the huge presence of major players such as IBM Corporation, Century Link Incorporation, and Cisco Systems in the countries like the U.S. and Canada.

Cloud Managed Services Market: Report Scope

Key players influencing the cloud managed services industry include:

• Fujitsu Limited
• International Business Machines Corporation
• NTT DATA Corporation
• NEC Corporation
• Ericsson Telecommunications
• Cisco Systems
• Accenture plc
• CenturyLink, Inc.
• Civica
• DXC Technology Company.

The report segments the cloud managed services market as follows:

Global Cloud Managed Services Market: Service Type Segment Analysis

• Managed network services
• Managed infrastructure services
• Managed data center services
• Managed security services
• Others

Global Cloud Managed Services Market: Deployment Type Segment Analysis

• Private Cloud
• Public Cloud

Global Cloud Managed Services Market: Organization Size Segment Analysis

• Large Enterprises
• SMEs

Global Cloud Managed Services Market: Industry Vertical Segment Analysis

• Government
• Telecom and IT
• BFSI
• Retail
• Healthcare
• Energy
• Manufacturing
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America