According to a new market research report "Cloud Managed Services Market by Services (Business Services, Network Services, Security Services, Mobility and Data Center), by Deployment Type (Public Cloud, Private Cloud), by Organization Size (SMBS, Enterprise), Verticals, Regions - Global Forecast to 2015 - 2020", published by MarketsandMarkets, The global Cloud Managed Services Market is expected to grow from $52.23 Billion in 2015 to $118.43 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 15.5% from 2015 to 2020.
This research report also identifies the factors driving this market, restraints, challenges, and opportunities impacting it along with the future roadmaps. The report also emphasizes on key adoption trends, evolution of managed services, future opportunities, and business cases in this innovative market.
MarketsandMarkets expects an increasing adoption of managed data center, managed mobility, managed security, and managed network services, as major vendors are aggressively investing and rigorously working toward building cost effective data center, security, and mobility solutions, in an effort to reduce the overall cost incurred by end-users.
The CMS market is broadly segmented by type of its services: managed data center, managed network, managed mobility, managed business services, managed security ,and other managed services; by type of end-user: small and medium businesses (SMB) and enterprises; by type of vertical: public sector and government, BFSI, education, retail, telecommunications & IT, healthcare, manufacturing, energy and utilities, and others; by region: North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA).
Companies such as IBM, Ericsson, Cisco, CSC, and NTT Data Corporation are some of the active key players in the market. Also, there are large numbers of pure players in managed services are trying to add their offerings on cloud, whereas the cloud computing companies can add CMS as a portfolio in their businesses to compete against such global IT players. Thus, this can increase the bargaining power of consumers of the services due to the increased availability of customized and cost effective services.
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