Cloud Managed Services Market

Cloud Managed Services Market Analysis by Service Type (Managed Business Services, Managed Network Services, Managed Security Services, Managed Mobility Services), by Organization Size, by Vertical, by Region - Global Forecast 2022 to 2032

Analysis of Cloud Managed Services market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cloud Managed Services Market Outlook (2022 to 2032)

Global sales of cloud managed services in 2021 was held at US$ 86.1 Bn. With 9.6%, the projected market growth during 2022 to 2032 is expected to be significantly higher than the historical growth. Managed Network Services are expected to be the highest revenue generating cloud managed services type, with a projected growth of 9.1% during 2022 to 2032.

Report Attributes Details
Forecast Period 2022 to 2032
Historical Data Available for 2015 to 2021
Market Analysis US$ Bn for Value
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania; MEA
Key Countries Covered U.S., U.K., China, Japan, South Korea, Germany, France, Italy, Spain, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Australia, India
Key Market Segments Covered Service Type, Vertical, Organization Size, Region
Key Companies Profiled IBM; Ericsson; AWS; Cisco; Infosys; NTT Data; Fujitsu; Accenture; HPE; NEC; Google; Microsoft; Intel; DigitalOcean
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Key Points Covered in cloud managed services Industry Survey:

  • Market Estimates and Forecasts (2017 to 2032)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • COVID-19 Impact on Cloud Managed Services and How to Navigate
  • Recommendation on Key Winning Strategies

Revenue of Cloud Managed Services from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the cloud managed services industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2015 to 2021, market value of the cloud managed services industry increased at around 11.2% CAGR, wherein, countries such as the Germany, U.S., China and Japan held significant share in the global market.

The continuous surge in digitization and increase in demand of IT infrastructure is propelling the demand for high speed internet which is consequently driving the need for logistics in IT systems for high-speed data transfer, big data storage and need of data centers with increasing consumers on digital platforms. Owing to this, cloud managed services market is projected to grow at a CAGR of 9.6% over the coming 10 years.

  • The cloud managed services market reached a valuation of US$ 86.1 Bn in 2021. Fact.MR estimates that cloud managed services revenue will grow 2.5X from 2022 to 2032, reaching nearly US$ 237 Bn in 2032.
  • With 34.5%, US held the largest share in the cloud managed services market. It is also expected to be the fastest growing market for cloud managed services, with a CAGR of 9.4%.
  • Managed Infrastructure Services shows the highest growth potential in the cloud managed services industry. Its market is expected to grow at a rate of about 9.1% during the next ten years.

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What Factors are leading to the Growth of Cloud Managed Services Industry?

Nowadays, computers and mobile phones have become inevitable part of our lives. Growing number of consumers on digital platforms has increased the need of continuous advancement in digitalization for high speed data transfer with large network coverage for large amount of data storage.

For instance, distance learning, multiuser gaming, videoconferencing, live streaming have escalated the growth of the consumer base in IT industry. To store large data and provide better services IT companies requires large servers, data storage units.

Managed services provides computing infrastructure, data centres, data storage which companies can rent access to anything from applications to storage from a cloud service provider on the basis of demand. Largest benefits of cloud services are avoiding the fixed cost for building large IT infrastructure and complication of having and maintaining their own IT infrastructure, and paying for what they will consume, when they use it.

During Covid several governments have implemented compulsion of work from home, which resulted in increase in demand of cloud based solutions such as SaaS based collaboration. Several companies rely on cloud computing owing to digitalization and collection of big data.

For instance, Netflix uses cloud services to run video-streaming services, which provides customer seamless experience of product. The presence of large number of companies such as IBM, Accenture, Amazon, and Nordcloud, in the sector will emerge to improve the overall growth of the market.

Several infrastructure software, business process services and system infrastructure companies are expected to shift towards cloud based services by 2025. During lockdowns in the pandemic, industries observed the importance of access to computing infrastructure, applications and data requirement.

Also, demand for high internet speed has been increasing due to increase in digital media such as YouTube and Netflix as compared to main stream media. Therefore, to suffice this demand of high speed network, data storage to enhancing mobile network performance capabilities and better customer needs, demand of cloud managed services will increase dramatically in coming years.

How Cloud Managed Services are Being Effectively used for Large Data Storage and Enhanced Services in IT Companies?

Storing the data has become important than ever before for industries, with application of data science for providing better and seamless user experience. Cloud services provides platforms to save data and files in an off-site location that one can access through the public internet or a dedicated private network connections.

Developers can easily design and test new application architecture without depending on on-site hardware limitations. Companies can add or remove capacity of require storage or IT infrastructure, and they only have to pay for storage that they actually consume.

There are three types of cloud managed services including public cloud, private cloud and hybrid cloud. Nowadays, people can view and edit documents using mobile phones, using Microsoft’s Office Web Apps, and Google Docs. This type of cloud computing service model called as ‘Software as a Service’ (SaaS).

However, SaaS have limitations of services which are restrictive to businesses and industries, which need to develop and run their own software applications. For this purpose they can use, ‘Platform as a Service’ (PaaS) and ‘Infrastructure as a Service’ (IaaS). Earlier only large companies could purchase large software but because of cloud services “pay as you use” model services have become affordable.

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How the Consumer Concerns about Cloud Security Leading a Moderate Impact on the Cloud Managed Services Market?

There are some concerns about security and privacy with cloud computing. Companies’ handing over important and critical data to their cloud vendors have created an environment of doubt. However, owing to strong security and data privacy and encrypted information transfer these problems can mitigate. Overall, cloud services provides better and optimal solutions to companies and consumers due to reduced cost, flexibility to scale up, high performance, high speed of deployment for large software’s and better productivity.

Which Region is projected to Offer the Largest Opportunity for Cloud Managed Services?

Cloud managed services market is expected to grow at a substantial rate in the forthcoming years. The market in APAC is expected to register the highest CAGR during the forecast period due to increased demand for IT infrastructure coupled with rapid expansion of digitalization in countries including Japan and China. This increase is also due to the growing innovations, investment in R & D and company partnerships among various companies.

Country-wise Analysis

Which Country Topped the Revenue Generation for Cloud Managed Services market?

The U.S. dominated the market in 2021 with a global share of over 34%. This is due to the increased R & D investment and the local presence of global players. For instance, large companies in the U.S. spent around US$ 18 Bn in the first quarter of 2021.

Over the last decade, the number of IT companies have increased significantly. In addition, due to Covid-outbreak the demand for digital platforms due to work from home model increased rapidly. Gaming industry has also been propelling the demand of live streaming which requires high-speed and large bandwidth of network. Moreover, the U.S. government have added US$ 1 Bn in Technology Modernization Fund as part of the American Rescue Plan. All these factors have been contributing to increase in demand for cloud managed services in the country.

Category-wise Insights

What Makes Managed Infrastructure Services the Largest Revenue Generator Category in Cloud Managed Services?

Managed infrastructure services segment held the largest share of sales and is expected to grow at a CAGR of 9.1% in the next ten years. Recent developments in the IT infrastructure industries are enabling growth of managed infrastructure services market.

For instance, IBM has announced separation of its Managed Infrastructure Services unit to a new company named "NewCo". It will be entirely focused on managing and updating client-owned infrastructures, which is predicted to be worth US$ 500 Bn market opportunity. Companies have relied on Managed Infrastructure Service Providers (MSP) for cost efficient services which allows enterprises to focus on their core business and be more creative and efficient while minimizing risk.

Which Industry Application Shows the Highest Demand over the Next Ten Years for Cloud Managed Services?

Cloud managed services market is expected to be propelled by demand from retail industry. As more number of businesses have started relying on e-commerce retail, the demand for cloud managed services have skyrocketed. A humongous data is being generated by the key e-commerce retail providers such as Amazon and Walmart.

Cloud enables e-retail companies to store data centres online rather than building huge IT infrastructure that involves high setup costs and maintenance. Cloud services and analytical tools can help retailers exploit predictive forecasts, which improve their sales and profit margins.

How Has COVID-19 Impacted Revenue Generation from Cloud Managed Services?

The impact of COVID-19 on cloud managed services has positively impacted due to adaptation of digital platforms by industries which lead to increase in demand of high speed network with companies adapting work from home model.

Schools have adapted to e-learning platforms, moreover escalated frequency of video calling & video conferencing services due to COVID-19 has led to increased cloud services adoption. In first quarter of 2020, cloud services spending increased by around 35%. The reason for the growth of the industry during the pandemic may be credited to the faster adaptation of digital platform by industries and customers during the pandemic.

Competitive Analysis

The key players such as IBM, Ericsson, AWS, Cisco, and Infosys adopt several organic and inorganic strategies to enhance their revenue and market standings.

Some of the recent developments of key cloud managed services providers are as follows:

  • In March, 2022, Google announced that they have launched new Tau T2D VMs, which delivers 42% better price-performance compared to leading cloud providers. It offers more flexibility to support customers’ enterprise with dual-region buckets and upcoming Turbo Replication. Google cloud is set to expand at a large scale on global network with the inclusion of 29 new regions.
  • In September 2021, DigitalOcean acquired a serverless platform provider, Nimbella. It will help companies adopt serverless computing; while, DigitalOcean provides cloud services to help businesses scale themselves.
  • In April, 2021, Microsoft acquired Nuance Communications, which is a leading provider of conversational AI in healthcare domain. Microsoft completed this acquisition with a valuation of US$ 19.7 Bn.
  • In Oct 2020, IBM Corporation to separate its managed infrastructure services unit of its Global Technology Services division into a new public company named "NewCo".

Similarly, recent developments related to companies cloud managed services have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Cloud managed services Industry Analysis

  • By Service Type :

    • Managed Business Services
    • Managed Network Services
    • Managed Security Services
    • Managed Infrastructure Services
    • Managed Mobility Services
    • Managed Communication and Collaboration Services
  • By Vertical :

    • BFSI
    • Telecom
    • Government and public sector
    • Healthcare and life sciences
    • Retail and Consumer goods
    • Manufacturing
    • Energy and Utilities
    • IT
    • Others (Transport, Education, and Travel and Hospitality)
  • By Organization Size :

    • Large Enterprises
    • Small And Medium-Sized Enterprises

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Risks and Trends Assessment
  • 4. Market Background
  • 5. Key Success Factors
  • 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
  • 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
  • 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Organization Size
    • 8.1. Large Enterprises
    • 8.2. Small And Medium-Sized Enterprises
  • 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Service Type
    • 9.1. Managed Business Services
    • 9.2. Managed Network Services
    • 9.3. Managed Security Services
    • 9.4. Managed Infrastructure Services
    • 9.5. Managed Mobility Services
    • 9.6. Managed Communication and Collaboration Services
  • 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Vertical
    • 10.1. BFSI
    • 10.2. Telecom
    • 10.3. Healthcare and Life Sciences
    • 10.4. Retail and Consumer Goods
    • 10.5. Manufacturing
    • 10.6. Energy and Utilities
    • 10.7. IT
    • 10.8. Others (Transport, Education, and Travel and Hospitality)
  • 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Europe
    • 11.4. Asia Pacific
    • 11.5. Middle East and Africa (MEA)
  • 12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 15. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 16. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 17. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 18. Market Structure Analysis
  • 19. Competition Analysis
    • 19.1. IBM
    • 19.2. Ericsson
    • 19.3. AWS
    • 19.4. Cisco
    • 19.5. Infosys
    • 19.6. NTT Data
    • 19.7. Fujitsu
    • 19.8. Accenture
    • 19.9. HPE
    • 19.10. NEC
  • 20. Assumptions and Acronyms Used
  • 21. Research Methodology

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List Of Table

Table 1: Global Market Value (US$ Mn), By Organization Size, 2015 to 2021

Table 2: Global Market Value (US$ Mn), By Organization Size, 2022 to 2032

Table 3: Global Market Value (US$ Mn), By Vertical, 2015 to 2021

Table 4: Global Market Value (US$ Mn), By Vertical, 2022 to 2032

Table 5: Global Market Value (US$ Mn), By Service Type, 2015 to 2021

Table 6: Global Market Value (US$ Mn), By Service Type, 2022 to 2032

Table 7: Global Market, By Region, 2015 to 2021

Table 8: Global Market, By Region, 2022 to 2032

Table 9: North America Market Value (US$ Mn), By Organization Size, 2015 to 2021

Table 10: North America Market Value (US$ Mn), By Organization Size, 2022 to 2032

Table 11: North America Market Value (US$ Mn), By Vertical, 2015 to 2021

Table 12: North America Market Value (US$ Mn), By Vertical, 2022 to 2032

Table 13: North America Market Value (US$ Mn), By Service Type, 2015 to 2021

Table 14: North America Market Value (US$ Mn), By Service Type, 2022 to 2032

Table 15: North America Market, By Country, 2015 to 2021

Table 16: North America Market, By Country, 2022 to 2032

Table 17: Latin America Market Value (US$ Mn), By Organization Size, 2015 to 2021

Table 18: Latin America Market Value (US$ Mn), By Organization Size, 2022 to 2032

Table 19: Latin America Market Value (US$ Mn), By Vertical, 2015 to 2021

Table 20: Latin America Market Value (US$ Mn), By Vertical, 2022 to 2032

Table 21: Latin America Market Value (US$ Mn), By Service Type, 2015 to 2021

Table 22: Latin America Market Value (US$ Mn), By Service Type, 2022 to 2032

Table 23: Latin America Market, By Country, 2015 to 2021

Table 24: Latin America Market, By Country, 2022 to 2032

Table 25: Europe Market Value (US$ Mn), By Organization Size, 2015 to 2021

Table 26: Europe Market Value (US$ Mn), By Organization Size, 2022 to 2032

Table 27: Europe Market Value (US$ Mn), By Vertical, 2015 to 2021

Table 28: Europe Market Value (US$ Mn), By Vertical, 2022 to 2032

Table 29: Europe Market Value (US$ Mn), By Service Type, 2015 to 2021

Table 30: Europe Market Value (US$ Mn), By Service Type, 2022 to 2032

Table 31: Europe Market, By Country, 2015 to 2021

Table 32: Europe Market, By Country, 2022 to 2032

Table 33: Asia Pacific Market Value (US$ Mn), By Organization Size, 2015 to 2021

Table 34: Asia Pacific Market Value (US$ Mn), By Organization Size, 2022 to 2032

Table 35: Asia Pacific Market Value (US$ Mn), By Vertical, 2015 to 2021

Table 36: Asia Pacific Market Value (US$ Mn), By Vertical, 2022 to 2032

Table 37: Asia Pacific Market Value (US$ Mn), By Service Type, 2015 to 2021

Table 38: Asia Pacific Market Value (US$ Mn), By Service Type, 2022 to 2032

Table 39: Asia Pacific Market, By Country, 2015 to 2021

Table 40: Asia Pacific Market, By Country, 2022 to 2032

Table 41: MEA Market Value (US$ Mn), By Organization Size, 2015 to 2021

Table 42: MEA Market Value (US$ Mn), By Organization Size, 2022 to 2032

Table 43: MEA Market Value (US$ Mn), By Vertical, 2015 to 2021

Table 44: MEA Market Value (US$ Mn), By Vertical, 2022 to 2032

Table 45: MEA Market Value (US$ Mn), By Service Type, 2015 to 2021

Table 46: MEA Market Value (US$ Mn), By Service Type, 2022 to 2032

Table 47: MEA Market, By Country, 2015 to 2021

Table 48: MEA Market, By Country, 2022 to 2032

Table 49: Global Market Incremental $ Opportunity, By Organization Size, 2015 to 2021

Table 50: Global Market Incremental $ Opportunity, By Vertical, 2022 to 2032

Table 51: Global Market Incremental $ Opportunity, By Service Type, 2015 to 2021

Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032

Table 53: North America Market Incremental $ Opportunity, By Organization Size, 2015 to 2021

Table 54: North America Market Incremental $ Opportunity, By Vertical, 2022 to 2032

Table 55: North America Market Incremental $ Opportunity, By Service Type, 2015 to 2021

Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 57: Latin America Market Incremental $ Opportunity, By Organization Size, 2015 to 2021

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List Of Figures

Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn

Figure 3: Global Market Share, By Organization Size, 2022 & 2032

Figure 4: Global Market Y-o-Y Growth Projections, By Organization Size – 2022 to 2032

Figure 5: Global Market Attractiveness Index, By Organization Size – 2022 to 2032

Figure 6: Global Market Share, By Vertical, 2022 & 2032

Figure 7: Global Market Y-o-Y Growth Projections, By Vertical – 2022 to 2032

Figure 8: Global Market Attractiveness Index, By Vertical – 2022 to 2032

Figure 9: Global Market Share, By Service Type, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections, By Service Type – 2022 to 2032

Figure 11: Global Market Attractiveness Index, By Service Type – 2022 to 2032

Figure 12: Global Market Share, By Region, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projections, By Region – 2022 to 2032

Figure 14: Global Market Attractiveness Index, By Region – 2022 to 2032

Figure 15: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 17: North America Market Share, By Organization Size, 2022 & 2032

Figure 18: North America Market Y-o-Y Growth Projections, By Organization Size – 2022 to 2032

Figure 19: North America Market Attractiveness Index, By Organization Size – 2022 to 2032

Figure 20: North America Market Share, By Vertical, 2022 & 2032

Figure 21: North America Market Y-o-Y Growth Projections, By Vertical – 2022 to 2032

Figure 22: North America Market Attractiveness Index, By Vertical – 2022 to 2032

Figure 23: North America Market Share, By Service Type, 2022 & 2032

Figure 24: North America Market Y-o-Y Growth Projections, By Service Type – 2022 to 2032

Figure 25: North America Market Attractiveness Index, By Service Type – 2022 to 2032

Figure 26: North America Market Share, By Country, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 28: North America Market Attractiveness Index, By Country – 2022 to 2032

Figure 29: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 30: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 31: Latin America Market Share, By Organization Size, 2022 & 2032

Figure 32: Latin America Market Y-o-Y Growth Projections, By Organization Size – 2022 to 2032

Figure 33: Latin America Market Attractiveness Index, By Organization Size – 2022 to 2032

Figure 34: Latin America Market Share, By Vertical, 2022 & 2032

Figure 35: Latin America Market Y-o-Y Growth Projections, By Vertical – 2022 to 2032

Figure 36: Latin America Market Attractiveness Index, By Vertical – 2022 to 2032

Figure 37: Latin America Market Share, By Service Type, 2022 & 2032

Figure 38: Latin America Market Y-o-Y Growth Projections, By Service Type – 2022 to 2032

Figure 39: Latin America Market Attractiveness Index, By Service Type – 2022 to 2032

Figure 40: Latin America Market Share, By Country, 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 42: Latin America Market Attractiveness Index, By Country – 2022 to 2032

Figure 43: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 45: Europe Market Share, By Organization Size, 2022 & 2032

Figure 46: Europe Market Y-o-Y Growth Projections, By Organization Size – 2022 to 2032

Figure 47: Europe Market Attractiveness Index, By Organization Size – 2022 to 2032

Figure 48: Europe Market Share, By Vertical, 2022 & 2032

Figure 49: Europe Market Y-o-Y Growth Projections, By Vertical – 2022 to 2032

Figure 50: Europe Market Attractiveness Index, By Vertical – 2022 to 2032

Figure 51: Europe Market Share, By Service Type, 2022 & 2032

Figure 52: Europe Market Y-o-Y Growth Projections, By Service Type – 2022 to 2032

Figure 53: Europe Market Attractiveness Index, By Service Type – 2022 to 2032

Figure 54: Europe Market Share, By Country, 2022 & 2032

Figure 55: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 56: Europe Market Attractiveness Index, By Country – 2022 to 2032

Figure 57: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 58: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 59: MEA Market Share, By Organization Size, 2022 & 2032

Figure 60: MEA Market Y-o-Y Growth Projections, By Organization Size – 2022 to 2032

Figure 61: MEA Market Attractiveness Index, By Organization Size – 2022 to 2032

Figure 62: MEA Market Share, By Vertical, 2022 & 2032

Figure 63: MEA Market Y-o-Y Growth Projections, By Vertical – 2022 to 2032

Figure 64: MEA Market Attractiveness Index, By Vertical – 2022 to 2032

Figure 65: MEA Market Share, By Service Type, 2022 & 2032

Figure 66: MEA Market Y-o-Y Growth Projections, By Service Type – 2022 to 2032

Figure 67: MEA Market Attractiveness Index, By Service Type – 2022 to 2032

Figure 68: MEA Market Share, By Country, 2022 & 2032

Figure 69: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 70: MEA Market Attractiveness Index, By Country – 2022 to 2032

Figure 71: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032

Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn

Figure 73: Asia Pacific Market Share, By Organization Size, 2022 & 2032

Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Organization Size – 2022 to 2032

Figure 75: Asia Pacific Market Attractiveness Index, By Organization Size – 2022 to 2032

Figure 76: Asia Pacific Market Share, By Vertical, 2022 & 2032

Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Vertical – 2022 to 2032

Figure 78: Asia Pacific Market Attractiveness Index, By Vertical – 2022 to 2032

Figure 79: Asia Pacific Market Share, By Service Type, 2022 & 2032

Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Service Type – 2022 to 2032

Figure 81: Asia Pacific Market Attractiveness Index, By Service Type – 2022 to 2032

Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032

Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 84: Asia Pacific Market Attractiveness Index, By Country – 2022 to 2032

Figure 85: US Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 86: US Market Share, By Organization Size, 2021

Figure 87: US Market Share, By Vertical, 2021

Figure 88: US Market Share, By Service Type, 2021

Figure 89: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 90: Canada Market Share, By Organization Size, 2021

Figure 91: Canada Market Share, By Vertical, 2021

Figure 92: Canada Market Share, By Service Type, 2021

Figure 93: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 94: Brazil Market Share, By Organization Size, 2021

Figure 95: Brazil Market Share, By Vertical, 2021

Figure 96: Brazil Market Share, By Service Type, 2021

Figure 97: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 98: Mexico Market Share, By Organization Size, 2021

Figure 99: Mexico Market Share, By Vertical, 2021

Figure 100: Mexico Market Share, By Service Type, 2021

Figure 101: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 102: Germany Market Share, By Organization Size, 2021

Figure 103: Germany Market Share, By Vertical, 2021

Figure 104: Germany Market Share, By Service Type, 2021

Figure 105: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 106: U.K. Market Share, By Organization Size, 2021

Figure 107: U.K. Market Share, By Vertical, 2021

Figure 108: U.K. Market Share, By Service Type, 2021

Figure 109: France Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 110: France Market Share, By Organization Size, 2021

Figure 111: France Market Share, By Vertical, 2021

Figure 112: France Market Share, By Service Type, 2021

Figure 113: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 114: Italy Market Share, By Organization Size, 2021

Figure 115: Italy Market Share, By Vertical, 2021

Figure 116: Italy Market Share, By Service Type, 2021

Figure 117: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 118: BENELUX Market Share, By Organization Size, 2021

Figure 119: BENELUX Market Share, By Vertical, 2021

Figure 120: BENELUX Market Share, By Service Type, 2021

Figure 121: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 122: Nordic Countries Market Share, By Organization Size, 2021

Figure 123: Nordic Countries Market Share, By Vertical, 2021

Figure 124: Nordic Countries Market Share, By Service Type, 2021

Figure 125: China Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 126: China Market Share, By Organization Size, 2021

Figure 127: China Market Share, By Vertical, 2021

Figure 128: China Market Share, By Service Type, 2021

Figure 129: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 130: Japan Market Share, By Organization Size, 2021

Figure 131: Japan Market Share, By Vertical, 2021

Figure 132: Japan Market Share, By Service Type, 2021

Figure 133: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 134: South Korea Market Share, By Organization Size, 2021

Figure 135: South Korea Market Share, By Vertical, 2021

Figure 136: South Korea Market Share, By Service Type, 2021

Figure 137: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 138: GCC Countries Market Share, By Organization Size, 2021

Figure 139: GCC Countries Market Share, By Vertical, 2021

Figure 140: GCC Countries Market Share, By Service Type, 2021

Figure 141: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 142: South Africa Market Share, By Organization Size, 2021

Figure 143: South Africa Market Share, By Vertical, 2021

Figure 144: South Africa Market Share, By Service Type, 2021

Figure 145: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032

Figure 146: Turkey Market Share, By Organization Size, 2021

Figure 147: Turkey Market Share, By Vertical, 2021

Figure 148: Turkey Market Share, By Service Type, 2021

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How much is the current worth of the cloud managed services market?

The global Cloud managed services market is worth more than US$ 86.1 Bn at present.

What is the sales forecast for cloud managed services?

Value of Cloud managed services is projected to increase at a CAGR of around 9.6% during 2022 – 2032.

What was the last 7 year’s market CAGR?

Value of cloud managed services increased at a CAGR of around 11.2% during 2015 – 2021.

What is driving revenue for cloud managed services?

The main factors driving the growth of the cloud managed services market include an increase in digitalization of industries, the requirements of large data storage with better and fast software solutions, and increasing demand for various sort of cloud m

Which are the top 5 countries driving demand for Cloud managed services?

Top 5 countries driving demand for Cloud managed services are U.S., U.K., China, Japan and South Korea.

What is the outlook for the market in North America?

North America accounted for over 34% of global cloud managed services demand in 2021.

At what percentage are sales of cloud managed services going to register growth in UK?

The European market for cloud managed services is projected to expand at a CAGR of around 8.9% during 2022 – 2032.

Cloud Managed Services Market

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