The Cloud Managed Services Market is projected to grow at CAGR of 16.6% from 2017 to 2021 to hit $35.54 billion in 2016 and estimated to reach $76.73 billion by 2021.
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The cloud managed services market is driven by factors such as increased adoption of managed services by SMEs and the increasing trend of mobile devices and big data analytics in the organizations.
The key players Cloud Managed Services that are profiled in the report are as IBM Corporation, Cisco Systems, Ericsson, Accenture Plc., Alcatel-Lucent, Ntt Data, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies., NEC Corporation.
Browse complete report on Cloud Managed Services Market spread across 134 pages, 10 profiling companies and supported with 68 tables and 49 figures.
The managed mobility services segment is expected to grow with the highest CAGR during the forecast period.
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North America holds the largest market share in 2016 while APAC is the fastest-growing region in terms of CAGR. With the companies rapidly outsourcing IT related functions to the countries in APAC, the cloud and managed services models have become extremely important as they enable better productivity and cost effectiveness.
Therefore, the market is witnessing a high demand. Moreover, North America, being the most advanced region in cloud technology, has higher a rate of adoption of managed services than the other regions due to increased organizational and communication activities.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given here Tier 1 (18%), Tier 2 (31%) and Tier 3 (51%) companies were contacted for interviews.
The interviews were conducted with various key people such as C-Level (42%) and Director Level (33%) and others (25%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (47%), Europe (31%), APAC (14%) and RoW (8%).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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