Pune, India, December 29, 2021 /PRNewswire/ — The Cloud Managed Services Marketplace expected to grow in size USD 86.1 billion in 2021 USD 139.4 billion By 2026, at a compound annual growth rate (CAGR) of 10.1% during the forecast period. The rise in digitization and the emerging trend of workplace transformation, cloud managed services by large enterprises and SMEs are increasingly gaining acceptance across the globe due to various advantages including lower cost, efficient collaboration and shorter time to market for new products.
The managed communications and collaboration services segment is expected to grow at a higher rate during the forecast period.
The report outlines the following key vendors:
IBM (US), Ericsson (Sweden, AWS (USA), Cisco (USA), Infosys (India), ntt data (Japan), Fujitsu (Japan), Accenture (IrelandAbout myself (USA) and not (Japan, Act (France), Alcatel-Lucent (France), TCS (India), Wipro (India), Rackspace (US), Datacom (New Zealand, Huawei (China)cloudiness (Washington), Connectria (US), DLT Solutions (US), Sirius Compture Solutions (US).
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Communication and collaboration play a vital role in any organization; They help employees to improve their efficiency and increase team collaboration. 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 real-time collaboration. It includes a variety of communication tools, such as voice, IP telephony calling, instant messaging, desktop sharing, telepresence, and web conferencing, audio conferencing and video conferencing, to interact seamlessly together.
To increase business productivity and maintain a competitive edge in the market, SMEs are adopting cloud managed services at a higher rate
Organizations having employee category of 1 and 999 are classified under SME. These enterprises face greater resource constraints than larger enterprises and require better methods for resolving complexities for better cost optimization on their business processes. With the increasing 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 reduction in downtime are some of the major benefits that SMEs are experiencing through the adoption of managed services.
The retail and consumer goods industry vertical is expected to grow at the highest rate during the forecast period
Retail sector is one of the fastest growing sectors due to increasing consumer purchasing power; Thus, the vertical is attracting major companies from all over the world. Rising trends in mobile data consumption and increasing use of smartphones and tablets across countries have paved the way for greater demand for mobility solutions in the retail industry. Consumer goods companies from beverages to cosmetics are weighing their future business model outlook.
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North America To dominate the cloud managed services market in 2021
North America Verticals such as healthcare, IT and manufacturing have been a highly open and competitive market in terms of adoption of cloud managed services solutions. It is one of the top regions in the adoption of cloud managed services. It has been extremely sensitive to the adoption of the latest technological advancements, such as AI technology, integration with cloud and mobile technologies within traditional cloud managed services. High Internet penetration is a major driver for the adoption of cloud applications. Adoption of recurring revenue model. North America The adoption of managed services by businesses is expected to increase. However, service providers with a focus on customer engagement will benefit more from the recurring revenue model.
In the process of determining and verifying the market size for several segments and subsegments collected through secondary research, extensive primary interviews with key people were conducted. The details of the profiles of the primary participants are as follows:
by type of companyTier I: 42%, Tier II: 24% and Tier III: 34%
by designation: C-Level: 28%, D-Level: 38%, and Others: 34%
by region, North America: 41%, Europe: 22%, APAC: 19%, Row: 18%
The global cloud managed services market has been segmented on the basis of service type, organization size, scope, and region. The cloud managed services market is sub-segmented by service types including managed business services, managed network services, managed security services, managed infrastructure services, managed mobility services, managed communications and collaboration services. Based on the size of the organization, the market is classified into SMEs and large enterprises. Sectors considered in the study include government, banking, financial services and insurance (BFSI), telecommunications, retail and consumer goods, healthcare and life sciences, manufacturing, IT, energy and utilities and others (energy and utilities, IT , media, entertainment and education). By region, the market is studied North America, Europe, APAC, Ministry of External Affairs, and Latin America,
Other related reports:
Cloud Managed Services Global Market Insights 2021, Analysis & Forecast to 2026 by Manufacturers, Region, Technology, Application, Product Type – This report describes the global market size of Cloud Managed Services from 2016 to 2020 and its CAGR from 2016 to 2020, and its market size by the end of 2026 and also its CAGR from 2021 to 2026. Companies covered: IBM, Cisco Systems. Inc., Ericsson, Verizon Communication Inc., Accenture Plc, NTT Data Corporation, Huawei Technologies, Fujitsu Limited, China Huaxin, CenturyLink, etc. Get a free sample copy of this research report https://www.reportsnreports.com/contacts/requestsample.aspx?name=4825150
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