Cloud Managed Services: Assessment of Worldwide Markets 2021-2026 with Analysis by Service Type, Organization Size, Vertical, and Region -

Cloud Managed Services: Assessment of Worldwide Markets 2021-2026 with Analysis by Service Type, Organization Size, Vertical, and Region –

DUBLIN – (BUSINESS WIRE) – Global Cloud Services Managed Market with COVID-19 Impact Analysis by Service Type (Managed Business, Managed Network, Managed Security, Managed Infrastructure, Managed Mobility), Organization Size, Vertical and Region – Report on forecasts for 2026 have been added to the offer of

The global cloud-based services market is expected to grow from $ 86.1 billion in 2021 to $ 139.4 billion by 2026, with a compound annual growth rate (CAGR) of 10.1% over the forecast period.

Cloud-managed services are rapidly being adopted worldwide by large and SMEs for a variety of benefits, including increased digitalization and the emerging workplace transformation trend, reduced costs, efficient collaboration and shortened time to market new products.

The managed communication and cooperation services segment is expected to grow at a higher rate over the forecast period

Communication and collaboration play a key role in any organization; help employees improve their efficiency and improve teamwork. It is not a single tool or product, but a collection of solutions that organizations implement to ensure that all their technologies work together, smoothly and securely, for near real-time collaboration. It consists of a variety of communication tools, such as voice, IP phone calls, instant messaging, desktop sharing, telepresence and web conferencing, audio conferencing and video conferencing, to communicate with each other in an almost seamless way.

To increase business productivity and maintain a competitive advantage in the market, SMEs are adopting cloud-managed services at a higher rate

Organizations with a range of employees from 1 to 999 are categorized under SMEs. These firms face greater resource constraints than larger firms and require better methods to address complexity to better optimize costs in their business processes. With the growing number of SMEs around the world, the need for managed services is also increasing. Cloud services have become a central part of the business process due to their flexibility and ease of use and are expected to grow in the coming years. Security and compliance and reduced downtime are some of the main benefits that SMEs experience through the adoption of managed services.

The retail and consumer goods industry verticals are expected to grow at the highest rate over the forecast period. The retail sector is one of the fastest growing verticals due to the growing purchasing power of consumers; therefore, the vertical attracts large companies around the world. Growing trends in mobile data consumption and increased use of smartphones and tablets in countries have paved the way for greater demand for mobility solutions in the retail industry. Companies engaged in the production of consumer goods, from beverages to cosmetics, are weighing their future approach to the business model.

North America will dominate the cloud-managed services market in 2021

North America has been an extremely open and competitive market in terms of adopting solutions for cloud-managed services across all verticals, such as healthcare, IT and manufacturing. It is the highest region in the adoption of cloud-managed services. It has been extremely responsive to the adoption of the latest technological advances, such as AI, cloud and mobile integration technologies within traditional cloud-based services. Greater Internet penetration is a major driver for cloud adoption. The growing adoption of a recurring revenue model. North America is expected to increase the adoption of managed services by businesses. However, service providers with a focus on customer engagement would receive more returns than a recurring revenue model.

The global cloud-based services market is segmented by service type, organization size, vertical, and region. The cloud-based services market is subsegmented by types of services that include managed business services, managed network services, managed security services, infrastructure management services, managed mobility services, managed communications, and collaboration services. Based on the size of the organization, the market is divided into small and medium enterprises and large enterprises. The verticals considered in the study include government, banking, financial services and insurance (BFSI), telecommunications, retail and consumer goods, health care and life sciences, manufacturing, IT, energy and utilities, and others (energy and utilities, IT , media, entertainment and education). By regions, the market is studied in North America, Europe, APAC, MEA and Latin America.

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