Cloud Managed Services Trends and Forecast
The future of the global cloud managed services market looks promising with opportunities in theBFSI, telecom, IT, government & public sector, healthcare & life sciences, retail & consumer goods, manufacturing, and energy & utilities markets. The global cloud managed services market is expected to reach an estimated $223.7 billion by 2030 with a CAGR of 14.0% from 2024 to 2030. The major drivers for this market are increased demand for cloud applications in various fields, heightened cloud adoption during the COVID-19 pandemic, and hyper-scaling capability and lower cloud service costs.
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Cloud Managed Services by Segment
The study includes a forecast for the global cloud managed services by service type, organization size, end use industry, and region.
Cloud Managed Services Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
- Managed Security Services
- Managed Network Services
- Managed Infrastructure Services
- Managed Communication & Collaboration Services
- Managed Mobility Services
- Managed Business Services
Cloud Managed Services Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
Cloud Managed Services Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
- BFSI
- Telecom
- IT
- Government & Public Sector
- Healthcare & Life Sciences
- Retail & Consumer Goods
- Manufacturing
- Energy & Utilities
- Other Verticals
Cloud Managed Services Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Cloud Managed Services Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud managed services companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud managed services companies profiled in this report include-
- IBM
- Ericsson
- Cisco
- Fujitsu
- Accenture
- AWS
- NTT DATA
- Infosys
- HPE
- NEC
Cloud Managed Services Market Insights
Lucintel forecasts that managed communication & collaboration services is expected to witness highest growth over the forecast period.
Within this market, retail & consumer goods will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Cloud Managed Services Market
Market Size Estimates: Cloud managed services market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cloud managed services market size by service type, organization size, end use, and region in terms of value ($B).
Regional Analysis: Cloud managed services market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different service type, organization size, end use, and regions for the cloud managed services market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cloud managed services market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the cloud managed services market size?
Answer: The global cloud managed services market is expected to reach an estimated $223.7 billion by 2030.
Q.2 What is the growth forecast for cloud managed services market?
Answer: The global cloud managed services market is expected to grow with a CAGR of 14.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the cloud managed services market?
Answer: The major drivers for this market are increased demand for cloud applications in various fields, heightened cloud adoption during the COVID-19 pandemic, and hyper-scaling capability and lower cloud service costs.
Q4. What are the major segments for cloud managed services market?
Answer: The future of the cloud managed services market looks promising with opportunities in the BFSI, telecom, IT, government & public sector, healthcare & life sciences, retail & consumer goods, manufacturing, and energy & utilities markets.
Q5. Who are the key cloud managed services market companies?
Answer: Some of the key cloud managed services companies are as follows:
- IBM
- Ericsson
- Cisco
- Fujitsu
- Accenture
- AWS
- NTT DATA
- Infosys
- HPE
- NEC
Q6. Which cloud managed services market segment will be the largest in future?
Answer: Lucintel forecasts that managed communication & collaboration services is expected to witness highest growth over the forecast period.
Q7. In cloud managed services market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
- Q.1. What are some of the most promising, high-growth opportunities for the cloud managed services market by service type (managed security services, managed network services, managed infrastructure services,managed communication & collaboration services, managed mobility services, and managed business services), organization size (SEMS and large enterprises), end use industry(BFSI, telecom, IT, government & public sector, healthcare & life sciences, retail & consumer goods, manufacturing, energy & utilities, and other verticals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q.2. Which segments will grow at a faster pace and why?
- Q.3. Which region will grow at a faster pace and why?
- Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- Q.5. What are the business risks and competitive threats in this market?
- Q.6. What are the emerging trends in this market and the reasons behind them?
- Q.7. What are some of the changing demands of customers in the market?
- Q.8. What are the new developments in the market? Which companies are leading these developments?
- Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Cloud Managed Services Market : Market Dynamics
- 2.1: Introduction, Background, and Classifications
- 2.2: Supply Chain
- 2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
- 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
- 3.2. Global Cloud Managed Services Market Trends (2018-2023) and Forecast (2024-2030)
- 3.3: Global Cloud Managed Services Market by Service Type
- 3.3.1: Managed Security Services
- 3.3.2: Managed Network Services
- 3.3.3: Managed Infrastructure Services
- 3.3.4: Managed Communication & Collaboration Services
- 3.3.5: Managed Mobility Services
- 3.3.6: Managed Business Services
- 3.4: Global Cloud Managed Services Market by Organization Size
- 3.4.1: SMEs
- 3.4.2: Large Enterprises
- 3.5: Global Cloud Managed Services Market by End Use
- 3.5.1: BFSI
- 3.5.2: Telecom
- 3.5.3: IT
- 3.5.4: Government & Public Sector
- 3.5.5: Healthcare & Life Sciences
- 3.5.6: Retail & Consumer Goods
- 3.5.7: Manufacturing
- 3.5.8: Energy & Utilities
- 3.5.9: Other Verticals
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
- 4.1: Global Cloud Managed Services Market by Region
- 4.2: North American Cloud Managed Services Market
- 4.2.2: North American Cloud Managed Services Market by End Use Industry: BFSI, Telecom, IT, Government & Public Sector, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Energy & Utilities, and Other Verticals
- 4.3: European Cloud Managed Services Market
- 4.3.1: European Cloud Managed Services Market by Service Type: Managed Security Services, Managed Network Services, Managed Infrastructure Services,Managed Communication & Collaboration Services,Managed Mobility Services, and Managed Business Services
- 4.3.2: European Cloud Managed Services Market by End Use Industry: BFSI, Telecom, IT, Government & Public Sector, Healthcare & Life Sciences,Retail & Consumer Goods,Manufacturing,Energy & Utilities, and Other Verticals
- 4.4: APAC Cloud Managed Services Market
- 4.4.1: APAC Cloud Managed Services Market by Service Type: Managed Security Services, Managed Network Services, Managed Infrastructure Services,Managed Communication & Collaboration Services,Managed Mobility Services, and Managed Business Services
- 4.4.3: APAC Cloud Managed Services Market by End Use Industry: BFSI, Telecom, IT, Government & Public Sector, Healthcare & Life Sciences,Retail & Consumer Goods,Manufacturing,Energy & Utilities, and Other Verticals
- 4.5: ROW Cloud Managed Services Market
- 4.5.1: ROW Cloud Managed Services Market by Service Type: Managed Security Services, Managed Network Services, Managed Infrastructure Services,Managed Communication & Collaboration Services,Managed Mobility Services, and Managed Business Services
- 4.5.3: ROW Cloud Managed Services Market by End Use Industry: BFSI, Telecom, IT, Government & Public Sector, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Energy & Utilities, and Other Verticals
5. Competitor Analysis
- 5.1: Product Portfolio Analysis
- 5.2: Operational Integration
- 5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
- 6.1: Growth Opportunity Analysis
- 6.1.1: Growth Opportunities for the Global Cloud Managed Services Market by Service Type
- 6.1.2: Growth Opportunities for the Global Cloud Managed Services Market by Organization Size
- 6.1.3: Growth Opportunities for the Global Cloud Managed Services Market by End Use Industry
- 6.1.4: Growth Opportunities for the Global Cloud Managed Services Market by Region
- 6.2: Emerging Trends in the Global Cloud Managed Services Market
- 6.3: Strategic Analysis
- 6.3.1: New Product Development
- 6.3.2: Capacity Expansion of the Global Cloud Managed Services Market
- 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Cloud Managed Services Market
- 6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
- 7.1: IBM
- 7.2: Ericsson
- 7.3: Cisco
- 7.4: Fujitsu
- 7.5: Accenture
- 7.6: AWS
- 7.7: NTT DATA
- 7.8: Infosys
- 7.9: HPE
- 7.10: NEC