USD 235.5 billion
Report ID: SQSG45D2016 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 151 | Figures: 78
Global Cloud Managed Networking Market size was valued at USD 235.5 billion in 2021 and is poised to grow from USD 267.3 billion in 2022 to USD 731.08 billion by 2030, growing at a CAGR of 13.6% in the forecast period (2023-2030).
With an increasing number of consumers using digital platforms, there is a greater need for continuous advancement in digitalization for high-speed data transfer with broad network coverage and large amounts of data storage. Distance learning, multiuser gaming, videoconferencing, and live streaming, for example, have accelerated the growth of the IT industry's consumer base. IT companies require large servers and data storage units to store large amounts of data and provide better services. Managed services provide computing infrastructure, data centers, and data storage through which businesses can rent on-demand access to anything from applications to storage from a cloud service provider. The most significant advantages of cloud services are avoiding the fixed costs of building large IT infrastructure and the complications of having and maintaining their own IT infrastructure, as well as paying only for what they consume when they use it.
With the application of data science to provide a better and more seamless user experience, data storage has become more important than ever before for industries. Cloud services offer platforms for storing data and files in a remote location that can be accessed via the public internet or a dedicated private network connection.
New application architecture can be easily designed and tested by developers without being constrained by the hardware available locally. Businesses only need to pay for the storage that they actually use; they can increase or decrease the capacity of their required IT infrastructure. Public, private, and hybrid clouds are the three different types of cloud managed services. These days, people can view and edit documents using their smartphones, Google Docs, and Microsoft's Office Web Apps. The term "Software as a Service" refers to this particular cloud computing service model (SaaS). SaaS, however, has service restrictions that are burdensome for companies and sectors that must create and maintain their own software applications. They can use infrastructure as a service (IaaS) and platform as a service (PaaS) for this (IaaS). Large software was previously only affordable to large businesses, but "pay as you use" cloud services have changed this.
US Cloud Managed Networking Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 235.5 billion
To get more reports on the above market click here to Buy The Report
Global cloud managed networking market is segmented based on the Service Type, Deployment, Enterprise Size, industry, and region. Based on the Service Type, the market is segmented into managed business, managed network, managed security, managed infrastructure, managed mobility, managed communication and collaboration. Based on the Deployment, the market is bifurcated into Public Cloud and Private Cloud. Based on the Enterprise Size, the market is bifurcated into Small and Medium Enterprises (SMEs) and Large Enterprises. Based on industry, the market is segmented into Telecom & IT, Retail, Media & Entertainment, Educational Institutions, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Cloud Managed Networking Market Analysis by Service Type
Based on the Service Type, the Cloud Managed Networking market is segmented into managed business, managed network, managed security, managed infrastructure, managed mobility, managed communication and collaboration. Benefits of managed business services include cost savings, technology that is future-proof, specialized, integrated services, a strong infrastructure, predictable monthly prices, centralized services and applications, and coverage across all service levels. As the use of the cloud increases, businesses are making extensive use of SaaS applications including sales platforms, office productivity suites, and Google suites as a central platform. Businesses are utilizing the cloud for data protection as they become more familiar with its inherent benefits, such as cost savings and flexibility.
Businesses are utilizing the cloud for data protection as they become more familiar with its inherent benefits, such as cost savings and flexibility. Cloud-based technologies are proliferating, including those for archiving, Disaster Recovery as a Service (DRaaS), and storing up SaaS applications. The server's minimum performance requirements and other account-level tasks such as security patching should be addressed. It assists in establishing secure servers and reducing or eliminating server slowdowns and downtime. Businesses use Managed Print Services (MPS) to manage paper and digital document workflows, increasing efficiency and profitability. MPS is a scalable and flexible solution for office and production printing environments.
To get detailed analysis on other segments, Request For Sample Report
The rise of the North American market is attributed to the existence of numerous multinational corporations in industrialised nations like the US and Canada. The significant expenditures being made in the installation of cloud services by both government-affiliated businesses and commercial organisations will also help the regional market expand. Additionally, the availability of inexpensive cloud platforms offered by both large-scale and smaller businesses in this region will benefit the market's expansion. In addition to North America, the market in Asia-Pacific will grow at a rapid rate due to the region's growing need for cloud managed networking as a result of its expanding population. The deployment of 5G networks has been uneven across the Asia-Pacific region, with developed economies like Singapore, South Korea, and Australia leading the field with consumer services and experiments including enterprise use cases like robots that make use of the technology's low-latency capabilities this is likely to have an impact on cloud managed networking market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Cloud Managed Networking Market Driver
Cloud Managed Networking Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global cloud managed networking market is somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market.
Cloud Managed Networking Market Top Player's Company Profiles
Cloud Managed Networking Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Cloud Managed Networking Market Analysis, in terms of Service type, managed business accounted for the largest share as it is specialized, integrated services, a solid infrastructure, predictable monthly centralized services and applications, and coverage across all service levels are all advantages of managed business services. Businesses are heavily utilizing SaaS applications, such as sales platforms, office productivity suites, and Google suites as a central platform, as the use of the cloud increases. The cloud is being used by businesses for data protection as they learn more about its inherent advantages, including cost savings and flexibility.
|Market size value in 2021||USD 235.5 billion|
|Market size value in 2030||USD 267.3 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Cloud Managed Networking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cloud Managed Networking Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cloud Managed Networking Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cloud Managed Networking Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.