Global Cloud Managed Services Market: Overview
The cloud managed services provide various solutions that are skilled which helps in enhancing the information technology infrastructure and the functionalities that are managed internally in assistance of the third party service provider with the help of cloud platforms. To reduce the unsuspected disruptions in the system accessibility the managed service provider provides the benefits such as third party monitoring and maintenance. The services that are provided by the cloud managed services include managed network operations, cloud management, managed security actions, IT life cycle management, and application and mobility management.
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Global Cloud Managed Services Market: Segmentation
The global cloud managed services market is segmented into its type, deployment type, organization size, and vertical. On the basis of type, the global market is segregated into managed business services, managed security services, managed mobility services, managed network services, and managed data center services. The managed business services segment is further sub-segmented into continuity & disaster recovery services, business process services, and others. The managed security services segment is further sub-segmented into incident management services, threat management services, and others. The managed mobility services segment is sub-segmented into application management services, device management services, and others. The managed network services segment is sub-segmented into monitoring & maintenance services, unified communication services, and others. The managed data center services are sub-segmented into storage services, Hosting services, and others. Based on the deployment type, the market is categorized into public and private. Depending on the organization size, the cloud managed services is divided into large enterprise and SME. On the basis of the vertical, the global market is bifurcated into BFSI, retail and consumer goods, manufacturing and high tech, energy and utilities, telecom & IT, healthcare and life sciences, government and public sector, and others.
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Global Cloud Managed Services Market: Growth Factors
The SMEs have a major demand for the cloud managed services. The other factor that triggers the cloud managed services market is the increasing demand for the cloud-based mobility services. In the recent years, the traditional services are being replaced by the cloud managed services owing to the additional benefits such as risk sharing for the organizations and the minimized IT cost. As the cloud managed services are very cost effective, hence they are widely adopted by several organizations. The factors that restrain the market growth are the time required for processing the data is maximum, high bandwidth data requirement, security, and privacy concern, and the inefficiency of the cloud managed service model.
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Global Cloud Managed Services Market: Regional Analysis
The region that dominates the cloud managed services market is the North America. To improve the existence of the large consumer group and the personnel flexibility the cloud managed services is used in the region. The countries that have boosted the North American cloud managed services market are the US and Canada. The Asia Pacific region also contributes a good share in the cloud managed services market.
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Global Cloud Managed Services Market: Competitive Players
The major market players in the cloud managed services market include Hewlett-Packard Enterprise Company, BT Global Services, Cisco Systems, Inc., Fujitsu Ltd., Accenture Plc., VMWare, Inc., Microsoft Corporation, Ericsson AB, IBM Corporation, Huawei Technologies, NEC Corporation, NTT DATA Corporation, and AT&T Inc.
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