LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global cloud-based managed services market is expected to grow at a CAGR of close to 20% during the forecast period.
This research report titled ‘Global Cloud-based Managed Services Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
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Based on application, the global cloud-based managed services market is classified into the following: cloud-based managed security services, cloud-based managed mobility services, cloud-based managed hosting services, cloud-based managed networking services, and others. The top three segments are:
- Cloud-based managed security services
- Cloud-based managed mobility services
- Cloud-based managed hosting services
Cloud-based managed security services
In 2015, the cloud-based managed security services segment led the market, accounting for a 24.3% share. Technavio expects the segment to maintain its growth rate over the forecast period. To secure the enterprise network, security devices need to be deployed on-premise by cloud service providers. Increased security risks and the need to meet compliance requirements have encouraged organizations to invest in different types of security solutions. Enterprises choose cloud managed security services to maintain and monitor security devices deployed to secure their networks. Most companies fail to deal with the growing complexities of cyber threats and therefore adopt cloud managed security services.
Amit Sharma, a lead analyst at Technavio for cloud computing, says, “With the rise in the use of mobile data security services, cloud-based security services have become an inseparable part of growing organizations. The market remains an attractive space for cloud service providers to expand their product offerings. For organizational data security, companies are more concerned about data encryption, which has become a new area of growth. However, data encryption is a complex process. Cloud-based email security, identity and access management, and web-based security services remain the most sought offering from leading vendors in the market.”
Cloud-based managed mobility services
The cloud-based managed mobility services segment was the fastest-growing market in 2015 and accounted for 22.6% of the market. The implementation of the bring-your-own-device (BYOD) policy has grown with the rise in the number of enterprises. Also, managing applications and mobile devices as well as ensuring security of mobile devices have become easier and more efficient with cloud-based managed mobility services. The year-over-year (YoY) growth in the market can be attributed to the shift of enterprises from on-site managed to cloud-based managed services.
Cloud-based managed mobility services consist of cloud-based sourcing and logistics management, mobile service management, device and system management, and security and content management services. Sourcing and logistics management includes portal-based catalog management services for BYOD users. Mobile service management includes services for inventory mobile network contracts and mobile devices. With the rise in workforce mobility, organizations have started adopting mobility services.
Cloud-based managed hosting services
The cloud-based managed hosting services segment accounted for 16.7% of the market in 2015. The segment consists of e-business hosting, web-based business application hosting, and enterprise application hosting. E-business hosting primarily focuses on digital marketing sites, e-commerce websites, social websites, and SaaS-based offerings. Web-based business applications consist of corporate Intranet and web-based application primarily within enterprises, while enterprise application hosting supports large commercial software majorly offered by SAP and Oracle.
“Cloud-based managed hosting services help organizations to standardize and productize hosting cloud-enabled system infrastructure that consists of compute, network, and storage hardware. In cloud management, data platform software facilitates self-service and rapid provisioning with managed services irrespective of the location of the infrastructure platform,” says Amit.
The top vendors highlighted by Technavio’s research analysts in this report are:
- NTT Data
Browse Related Reports:
- Global Hybrid Cloud Services Market 2016-2020
- Global Cloud Identity and Access Management Market 2016-2020
- Global Managed Security Services Market 2016-2020
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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