This market research report presents a detailed segmentation of the global cloud-based managed services market by application (managed security services, managed mobility services, managed hosting services, managed network services, and others) and by geography (the Americas, APAC, Europe, and MEA). The leading vendors in this market are Cisco, HP, IBM, and NTT Data.
Technavio has released a new market research report on the global cloud-based manged services market, which is expected to grow at a CAGR of around 20% between 2016 and 2020. With the upsurge in cloud computing, several IT organizations are shifting towards cloud-based managed service providers due to the low associated costs. Cloud managed services help organizations to reduce labor and training costs, improve IT service performance, and lower capital burden. The Americas dominate the cloud-based managed services owing to the rising adoption of cloud-based managed mobility services to boost workforce mobility.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“High demand for cloud-based mobility services is expected to spur market growth in the coming years. Of late, many enterprises have started choosing managed services over traditional services due to their added advantages. Managed services offer benefits like risk sharing and reduced IT cost for organizations. Outsourcing these solutions allows enterprises to concentrate more on their core competencies, which in turn allows enterprises to generate more revenue and increase operational efficiencies. Moreover, its ability to reduce CAPEX for enterprises and to free up internal resources for core business functions will lead to the high adoption of cloud-based mobility services during the predicted period,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
The global cloud-based managed security services segment dominates this market and is expected to grow at a CAGR of over 19% by the end of the forecast period. With a rise in the use of mobile data security services, cloud-based security services have become an inseparable part of growing organizations. Furthermore, with the increasing utilization of a large number of SaaS applications and other cloud-based services, numerous organizations have been encouraged to adopt cloud-based managed security services.
The leading vendors in the global cloud-based manged services market include Cisco, HP, IBM, and NTT Data. This market is highly fragmented due the presence of many large and niche players. The market is also characterized by the presence of many region-specific players that have limited geographical reach. To survive in this market, some large vendors acquire regional companies as it will help them to boost their revenue generating capacity.
A more detailed analysis is available in the Technavio report, Global Cloud-based Manged Services Market 2016-2020.
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