DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Cloud Managed Services Market by Service Type , Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022" report to their offering.
The cloud managed services market size is estimated to grow from USD 27.15 billion in 2017 to USD 53.78 billion by 2022, at an estimated CAGR of 14.6%.
The increasing Information and Communications Technology (ICT) spending, growing trend of big-data and analytics, and the need to focus more on core business activities are driving the cloud managed services market.
The cloud managed services market is driven by factors such as increased adoption of managed services by SMEs and the increasing trend of mobile devices and big data analytics in the organizations. Concern over cloud security and privacy is going to hinder the market during the forecast period.
The managed infrastructure services segment is expected to hold the largest market share during the forecast period. The managed infrastructure services segment consists of various services such as data center services, end-user services, and technical and communication services, which allow organizations to transfer their day-to-day activities as a strategic method to improve effectiveness and efficiency of their infrastructure.
The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the managed cloud services market during the forecast period. Small enterprises face greater resource crunch than larger enterprises and require better methods to solve the complexities for better cost optimization on their business processes. Security and compliance and reduction in downtime are some of the major benefits that the small enterprises are experiencing through the adoption of managed services. By using these managed services, SMEs are able to focus more on business operations than worrying about the IT cost.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Cloud Managed Services Market Analysis, By Service Type
8 Cloud Managed Services Market Analysis, By Deployment Type
9 Cloud Managed Services Market Analysis, By Organization Size
10 Cloud Managed Services Market Analysis, By Industry Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Accenture PLC
- Cisco Systems, Inc.
- DXC Technology
- Fujitsu Ltd.
- Huwaei Technologies
- IBM Corporation
- NEC Corporation
- NTT Data Corporation
- Nokia Corporation (Alcatel-Lucent Enterprise)
For more information about this report visit http://www.researchandmarkets.com/research/8d23lw/cloud_managed