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Report
Cloud Managed Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 149 Pages I IMARC Group
Market Overview:
The global cloud managed services market size reached US$ 47.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 98.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
Cloud managed services refer to the task of outsourcing partial or complete management services to handle various business activities. Infrastructure, security and business are some of the common cloud managed services that provide technical support to automate and enhance business operations. These services are controlled by a managed service provider (MSP) that manages networks, storage, computing and operating systems of consumers. Cloud managed services include optimization, migration, security, configuration and maintenance. They assist in creating innovative strategies, providing transparency, automating business processes, cost-effectiveness, enabling organizations to enlarge capabilities and transforming information technology (IT) systems. As a result, cloud-managed services find extensive applications across healthcare, manufacturing, information technology (IT), telecom and banking, financial services and insurance (BFSI) industries.
Cloud Managed Services Market Trends:
Significant growth in the BFSI industry across the globe is creating a positive outlook for the market. Cloud-managed services are widely adopted for improving data security and customer experiences by providing flexible choices and improving overall functionality. In line with this, the widespread adoption of the service due to the changing consumer need for streamlining daily operations, securing payment processing solutions, reducing fraudulent risks, and improving regulatory compliances are further augmenting the market growth. Moreover, various advancements, such as the integration of artificial intelligence (AI) and machine learning (ML) technologies with cloud-managed services to enable smart monitoring, ensuring the efficiency of processes and reducing error rates, are providing a considerable boost to the market growth. Additionally, the rising employment of cloud managed services in large enterprises to efficiently manage complex and multi-cloud strategies with diverse operations is also positively impacting the market growth. Other factors, including significant expansion in the healthcare industry, rapid digitization across organizations and extensive research and development (R&D) activities, are anticipated to further drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud managed services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, deployment model, organization size and vertical.
Breakup by Service Type:
Managed Network Services
Managed Business Services
Managed Security Services
Managed Infrastructure Services
Managed Mobility Services
Managed Communication and Collaboration Services
Breakup by Deployment Model:
Private Cloud
Public Cloud
Breakup by Organization Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by Vertical:
Retail and Consumer Goods
BFSI
Telecom
Government and Public Sector
Healthcare and Lifesciences
Manufacturing
Energy and Utilities
IT
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Atos SE, Cisco Systems, Inc., DXC Technology, Fujitsu Limited, Google LLC (Alphabet Inc.), HCL Technologies, Hewlett Packard Enterprise, International Business Machines Corporation, Infosys Limited, NEC Corporation (AT&T Inc.), NTT DATA Corporation (Nippon Telegraph and Telephone Corporation) and Wipro Limited.
Key Questions Answered in This Report:
How has the global cloud managed services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cloud managed services market?
What are the key regional markets?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the deployment model?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cloud managed services market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cloud Managed Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service Type
6.1 Managed Network Services
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Managed Business Services
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Managed Security Services
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Managed Infrastructure Services
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Managed Mobility Services
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Managed Communication and Collaboration Services
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Deployment Model
7.1 Private Cloud
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public Cloud
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Vertical
9.1 Retail and Consumer Goods
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 BFSI
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Telecom
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Government and Public Sector
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare and Lifesciences
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Manufacturing
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Energy and Utilities
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 IT
9.8.1 Market Trends
9.8.2 Market Forecast
9.9 Others
9.9.1 Market Trends
9.9.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accenture plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Atos SE
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cisco Systems, Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 DXC Technology
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Fujitsu Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Google LLC (Alphabet Inc.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 HCL Technologies
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Hewlett Packard Enterprise
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 International Business Machines Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Infosys Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 NEC Corporation (AT&T Inc.)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 NTT DATA Corporation (Nippon Telegraph and Telephone Corporation)
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Wipro Limited
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
Figure 1: Global: Cloud Managed Services Market: Major Drivers and Challenges
Figure 2: Global: Cloud Managed Services Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cloud Managed Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cloud Managed Services Market: Breakup by Service Type (in %), 2022
Figure 5: Global: Cloud Managed Services Market: Breakup by Deployment Model (in %), 2022
Figure 6: Global: Cloud Managed Services Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Cloud Managed Services Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Cloud Managed Services Market: Breakup by Region (in %), 2022
Figure 9: Global: Cloud Managed Services (Managed Network Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Cloud Managed Services (Managed Network Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Cloud Managed Services (Managed Business Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Cloud Managed Services (Managed Business Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Cloud Managed Services (Managed Security Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Cloud Managed Services (Managed Security Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Cloud Managed Services (Managed Infrastructure Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Cloud Managed Services (Managed Infrastructure Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Cloud Managed Services (Managed Mobility Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Cloud Managed Services (Managed Mobility Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Cloud Managed Services (Managed Communication and Collaboration Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Cloud Managed Services (Managed Communication and Collaboration Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Cloud Managed Services (Private Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Cloud Managed Services (Private Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Cloud Managed Services (Public Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Cloud Managed Services (Public Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Cloud Managed Services (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Cloud Managed Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Cloud Managed Services (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Cloud Managed Services (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Cloud Managed Services (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Cloud Managed Services (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Cloud Managed Services (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Cloud Managed Services (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Cloud Managed Services (Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Cloud Managed Services (Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Cloud Managed Services (Government and Public Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Cloud Managed Services (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Cloud Managed Services (Healthcare and Lifesciences) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Cloud Managed Services (Healthcare and Lifesciences) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Cloud Managed Services (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Cloud Managed Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Cloud Managed Services (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Cloud Managed Services (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Cloud Managed Services (IT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Cloud Managed Services (IT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Cloud Managed Services (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Cloud Managed Services (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia-Pacific: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia-Pacific: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Cloud Managed Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Cloud Managed Services Market: Breakup by Country (in %), 2022
Figure 95: Middle East and Africa: Cloud Managed Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Cloud Managed Services Industry: SWOT Analysis
Figure 97: Global: Cloud Managed Services Industry: Value Chain Analysis
Figure 98: Global: Cloud Managed Services Industry: Porter's Five Forces Analysis
Table 1: Global: Cloud Managed Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cloud Managed Services Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
Table 3: Global: Cloud Managed Services Market Forecast: Breakup by Deployment Model (in Million US$), 2023-2028
Table 4: Global: Cloud Managed Services Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Cloud Managed Services Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Cloud Managed Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Cloud Managed Services Market: Competitive Structure
Table 8: Global: Cloud Managed Services Market: Key Players
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