Cloud Managed Services Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027
                     Cloud Managed Services Market Growth Rate, Future 
Scope, Analysis, Business Development and CAGR To 2027
Market Highlights
The global cloud managed services market size is expected to cross a valuation of around USD 55 billion by 
2027, with a 15% CAGR during the forecast period of 2020 to 2027. Market Research Future (MRFR) reviewed 
the market and revealed that the global market could depend on factors like growing demand for simplified 
services across industries, need for different access points to ease the workflow, ability to curb the IT 
maintenance cost, technological inclusion, support from the end user industries, digitalization, urbanization, a 
surge in intake of the system in developed and developing countries, and others. 
 
However, the cloud managed services market may suffer a setback due to the high initial installation cost and the 
lack of experts who can deter market growth. 
 
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Market Segmentation
The global report studying various details of the cloud managed services market has a segmentation based on 
organization size, deployment, type, and end-user. MRFR’s analysts have reviewed the market on a microscopic 
level to come up with insights that can help in chalking out better plans for the coming years. 
 
By type, the study of the global market includes managed infrastructure services, managed network services & 
managed security services and managed data center services, managed mobility services & managed 
communication services. 
 
By deployment type, the global market study includes public cloud and private cloud.
 
By organization, the global study of the market includes small & medium enterprises and large 
enterprises. 
 
By vertical, the market study comprises telecommunication and IT, BFSI, healthcare, retail, 
government, energy & utilities, manufacturing, and others.
Regional Analysis:
 
Structural benefits and financial capacity are allowing the North American market to dominate the 
global market. Asia Pacific is showing ample opportunities for leaving others behind in terms of 
growth speed. The regional market would benefit from countries like China, Japan, India, South 
Korea, and others. 
 
Competitive Landscape:
 
Alcatel-Lucent (Finland), IBM technologies (U.S.), Huawei Technologies (China), Ericsson (U.S.), 
NTT DATA Corporation (Japan), Cisco Systems (U.S.), Accenture PLC (Ireland), Verizon 
Communications (U.S.), Fujitsu Ltd. (Japan), NTT DATA Services (U.S.), and others are eminent 
names involved in the global cloud managed services market. 
These companies are implementing strategic moves that cover methods like a merger, tie-up, 
acquisition, branding, launching, and others to make sure their individual stand turns stronger, and 
the market benefits from it. MRFR recorded these latest changes to understand how well the 
market would perform in the coming years and what trends are dominating the market. 
 
Industry News:
 
In August 2020, Pure Health, a UAE-based company known for its laboratory network with around 
117 laboratories in the country, announced that it has inked a deal with BIOS Middle East, a 
company known as a cloud and managed service provider for Infrastructure-as-a-Service (IaaS). This 
would be a collaboration of Pure Health’s core Laboratory Information System (LIS) on BIOS’s 
CloudHPT.
In August 2020, MSRCosmos, announced that it had received the SAP on Microsoft Azure advanced 
specialization. This validates their extensive experience, deep knowledge, and proven success at 
implementing SAP solutions on platforms like Azure. In fact, this also shows that the company has a 
comprehensive and professional SAP to cloud-managed service that they can offer to their clients.
 
COVID-19 pandemic triggered the uptaking of several developments that would help in streamlining 
the workflow and ensure minimum contact points. That is why a lot of companies are now relying 
on cloud managed services. This creates scope for the market to operate in bigger fields and it will 
help in fetching more revenues. 
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