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Cloud-based Managed Services Market: Global Industry expected to rise at a CAGR of 19.7% during the forecast 2016-2020

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Published on : May 10, 2016

ALBANY, New York, May 10, 2016: The research report offers a comprehensive overview of the overall cloud-based managed services market. The report describes cloud-based managed services as being a huge array of services that are developed and designed to meet the needs of various organizations. These services are aimed towards helping organizations and enterprises to regulate, monitor, and improve their IT infrastructure. The report has used primary and secondary research methodologies to compile this extensive document and evaluate the future of these services in a growing number of organizations. 

To authenticate the report, the analysts have included opinions and views of industry leaders. Additionally, the report also studies the historical data pertaining to this market and compares it with the current market scenario to provide a trajectory of this market for the coming years.

According to researchers, the global cloud-based managed services market is expected to rise at a CAGR of 19.7% between 2016 and 2020. This growth will be a result of high adoption rate of cloud-based managed services by various enterprises in order to gain a competitive edge in the global economy. The surging demand for cloud mobility services in a range of industry verticals will also add to the rising revenue of this market. However, this market faces a tough challenge of poor integration expertise, which will shadow the growth of this market in the near future.

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The efforts by various companies to cut down their infrastructural and operational costs incurred on business processes is also expected to lend an impetus to the burgeoning cloud-based managed services market. The increasing accumulation of Big Data and the need to analyze it helping the market to grow at an exponential pace. Out of all the end users of cloud-based managed services, the banking, financial service, and insurance sector will contribute the maximum revenue to the overall market. Furthermore, the consumer goods and retail sector are also anticipated to be generous contributors to this market.

Some of the important players operating in the global cloud-based managed services are Cisco Systems Inc., HP Co., IBM Corp., Equinix, NTT Data Corp., Aricent, Civica, Atos, CenturyLink, BT Global Services, Digital Realty, and Expedient. The research report has profiled these players to offer a comprehensive overview of the competitive landscape of the global cloud-based managed services market. Furthermore, the research report also explains the technological developments likely to change the scenario of this market in the coming years. The research report also includes an explanation of the financial outlook, research and development activities, investment overview, business and marketing strategies, and strategic mergers and acquisitions of these companies for the coming few years.  

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