Cloud Managed Services (CMS) Market 2019: Company Profiles, Industry Segments, Landscape, Growth and Global Trends by Forecast to 2023
Global Cloud Managed Services (CMS) Market is expected to grow at a CAGR of approximately 15% during the forecast period 2017-2023.
Pune, India – March 27, 2019 /MarketersMedia/ —
Cloud Managed Services (CMS) Market Scenario:
The demand for a hybrid cloud environment globally is gaining impetus which is spurring the cloud services market. Market reports associated with the information and communication technology industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better.
The Cloud Managed Services Market is expected to make revenues worth USD 55 billion while charting an exceptional growth trajectory with a 15 % CAGR in the forecast period.
The key gains that can be derived from the use of cloud management services market are the cost savings that reduce high network maintenance expenses. The centralized nature of network services and applications is increasing the implementation of cloud management services globally. The ease of vendor interfacing and better disaster recovery is expected to motivate the market for cloud managed services in the forecast period.
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Competitive Analysis:
The commencement of new technology is furthering the growth capability of the market. Considerable reductions in administrative finances are bringing more developments to the market. The making of a strong value chain is additionally encouraging the development of the market. The market contestants find themselves in a promising position with the capacity to handle the pace of change. The market has the elements for displaying a better comparative or differential value. The market trends indicate promising growth of the products due to the improvements in the product range and address the customer needs in a better way. The incidence of productive units is projected to generate more sales or greater margins as compared to its market adversaries.
The central competitors in the cloud managed services market globally are IBM technologies (U.S.), Cisco Systems (U.S.), Huawei Technologies (China), NTT DATA Corporation (Japan), Alcatel-Lucent (Finland), Ericsson (U.S.), Accenture PLC (Ireland), Verizon Communications (U.S.), NTT DATA Services (U.S.), Fujitsu Ltd. (Japan) among others.
Segmental Analysis:
The segmentation analysis of the cloud managed services market is carried out on the basis of type, organization size, deployment, region, and end user. The type-based segment comprises of managed network services, managed mobility services, managed security services, managed data center services, managed infrastructure services, and managed communication services. On the basis of deployment, the market for cloud managed services consists of private cloud and public cloud. Based on organization size, the cloud managed services market consists of large enterprises and small & medium enterprises. Based on vertical segment, the cloud managed services market comprises of telecommunication and IT, BFSI, government, retail, healthcare, energy & utilities, manufacturing, and others. The regions included in the cloud managed services market are Asia Pacific, Europe, North America, and Rest of the World.
Detailed Regional Analysis:
The regional analysis of the cloud managed services market globally includes regions such as Asia Pacific, North America, Europe, and Rest of the World. It has been noticed that the North American region is responsible for the principal share in the cloud managed services market. Due to technological improvement, robust infrastructure, and unified internet connectivity, the market is growing steadily. Additionally, the incidence of key players such as Verizon Communications, Cisco Systems, and NTT DATA Services (U.S.) is enhancing the market’s development. The European region controls the second position in the cloud managed service market trailed by the Asia Pacific region.
The Asia Pacific region is estimated to have the highest development rate in the forecast years due to the growing implementation of cloud-based business application and evolution of the cloud service providers service range.
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Industry Updates:
Feb 2019 Nordea Bank which is a Nordic-based financial services group has announced that it will outsource its IBM Z infrastructure facilities to IBM. As per the $540 million multi-year agreement, the bank will contract out a chunk of its IBM Z mainframe servers and software processes to IBM. The latest agreement will also help Nordea accelerate its leadership as one of the major financial services organizations in the Nordics and offer a genuine path to bringing novel efficiencies in their digital transformation.
Intended Audience:
• Technology Investors
• Research/Consultancy firms
• Original Instrument Manufacturers
• Associations, organizations, forums, and alliances
• Cloud Managed Services manufacturers
• Contact center infrastructure vendors
• Managed speech analytics service providers
• Value added resellers
Table of Content:
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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List of Tables
Table 1 Global Cloud Managed Services Market: By Region, 2017-2023
Table 2 North America Cloud Managed Services Market: By Country, 2017-2023
Table 3 Europe Cloud Managed Services Market: By Country, 2017-2023
Table 4 Asia Pacific Cloud Managed Services Market: By Country, 2017-2023
Table 5 Rest of The World Cloud Managed Services Market: By Country, 2017-2023
Continued…
List of Figures
Figure 1 Global Cloud Managed Services Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Cloud Managed Services Market
Figure 4 Value Chain of Global Cloud Managed Services Market
Figure 5 Share of Global Cloud Managed Services Market In 2017, By Country (In %)
Continued…
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Source: MarketersMedia
Release ID: 495992
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