The advent of cloud has made it easier for businesses to transition to the digital space with ease. Cloud managed services provide flexibility and scalability to enterprises looking to expand their operations. The pressing need to focus on core business services and reduce operational costs will lead to its implementation in small and medium enterprises. The trend of Bring Your Own Devices (BYOD) among employees in conglomerates is expected to spur corporations in embracing cloud for their business needs.
Streamlining Operations
Verticals in need for cloud managed services include retail & consumer, manufacturing & automotive, government & education, telecom & ITES, healthcare, Banking, Financial Services and Insurance (BFSI), and others. The retail & consumer segment is expected to exhibit a CAGR exceeding 17% during the forecast period (from 2018 to 2025) owing to increasing need for inventory management and warehousing. Customization in cloud models allows retail outlets the flexibility to scale their operations and generate significant bottom line margins.
The healthcare segment is projected to exhibit a robust growth rate due to integration of advanced security features to ensure data integrity. Development of mobile applications can allow patients and clinicians to access medical data on a common platform without worrying about data security. For instance, ClearData, a U.S.-based company provides a healthcare cloud model for clinics and hospitals to maintain patient data in an organized manner and offer robust managed services.
Market Outlook
The global cloud managed services market is expected to reach a valuation of USD 82.51 billion by 2025, according to a report by Grand View Research, Inc. The increasing need to focus on key business areas is anticipated to drive the market demand over the coming years. The market is anticipated to showcase a CAGR of 15.4% during the forecast period due to benefits of flexibility and scalability with the implementation of cloud. Emphasis on reducing IT costs can also bolster the market volume in the forthcoming years. Emergence of small and medium enterprises in developing economies is expected to present numerous growth opportunities for the market. Key market players include Fujitsu Limited, NTT Data Corporation, Ericsson, and IBM.
In-depth research report on cloud manged services market:
In-depth research report on cloud manged services market:
2 comments:
Creative Computer Solutions Incorporated (360) 944-5111 provides responsive, quality IT managed services and hybrid cloud services for Portland and Vancouver, WA businesses.
https://vaporvm.com/managed-services/
Post a Comment