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(Wireless-NewsWire.Com, April 05, 2018 ) According to Publisher, the Global Cloud Managed Services market is expected to grow from $25.49 billion in 2016 to reach $69.87 billion by 2023 with a CAGR of 15.5%. Increasing adoption of cloud technologies among all the end users, cost efficient services, and recent technological advancements are some of the factors propelling the market growth. In addition, raising demand from small and medium enterprises for managed services is another factor bolstering the market growth. On the other hand, privacy & security concerns, lack of experienced professionals are the restraints limiting the market growth.
Banking, Financial Services, and Insurance segment is commanded the global market with a higher market revenue during the forecast period due to growing demand for risk mitigation, cost efficiency, and to meet regulations requirement. Besides, the managed mobility services segment is anticipated to witness highest market growth. The growth is attributed to increasing focus on Bring Your Own Device (BYOD) trend in industries. North America represents as the largest market in terms of revenue. The Asia Pacific region is expected to register higher growth rate owing to increasing adoption of technologies, raising capital investments from major companies.
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Some of the key players in global cloud managed services market include Accenture PLC, AT&T Inc., Centurylink, Cisco Systems, Inc., Civica, DXC Technology, Ericsson, Fujitsu Ltd., Hewlett-Packard Enterprise Company, Huwaei Technologies, IBM Corporation, Microsoft Corporation, NEC Corporation, Nokia Corporation (Alcatel-Lucent Enterprise), NTT Data Corporation, and VMWare, Inc.
Services Covered:
-Managed Mobility Services
-Managed Network Services
-Network Monitoring and Maintenance Services
-Virtual Private Network
-Others
-Managed Data Center Services
-Storage Services
-Hosting Services
-Others
-Managed Infrastructure Services
-Managed Backup and Recovery Services
-Managed DesKTop Services
-Managed Print Services
-Others
-Managed Communication Services
-Email Communications Services
-Unified Communications Services
-Managed Security Services
-Incident Management Services
-Threat Management Services
-Vulnerability Management Services
-Others
Deployment Types Covered:
-Public Cloud
-Private Cloud
-Organization Sizes Covered:
-Small and Medium Enterprises
-Large Enterprises
End Users Covered:
-Banking, Financial Services, and Insurance
-Energy and Utilities
-Government
-Healthcare
-Manufacturing
-Retail
-Telecom and IT
-Other End Users
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Table of Contents
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Cloud Managed Services Market, By Service
5 Global Cloud Managed Services Market, By Service
7 Global Cloud Managed Services Market, By Organization Size
8 Global Cloud Managed Services Market, By End User
9 Global Cloud Managed Services Market, By Geography
10 Key Developments
11 Company Profiling
11.1 Accenture PLC
11.2 AT&T Inc.
11.3 Centurylink
11.4 Cisco Systems, Inc.
11.5 Civica
11.6 DXC Technology
11.7 Ericsson
11.8 Fujitsu Ltd.
11.9 Hewlett-Packard Enterprise Company
11.10 Huwaei Technologies
11.11 IBM Corporation
11.12 Microsoft Corporation
11.13 NEC Corporation
11.14 Nokia Corporation (Alcatel-Lucent Enterprise)
11.15 NTT Data Corporation
11.16 VMWare, Inc.
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Rajat Sahni
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Source: EmailWire.Com 
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