Cloud Managed Services: A $118B Market By 2020

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A new report by MarketsandMarkets dives into the world the managed cloud services. The report goes into great detail describing how the budding cloud managed services market will reach $118.43B by year 2020.
The report is entitled “Cloud Managed Services Market by Services (Business Services, Network Services, Security Services, Mobility and Data Center), by Deployment Type (Public Cloud, Private Cloud), by Organization Size (SMBS, Enterprise), Verticals, Regions – Global Forecast to 2015 – 2020.”
As you can see, the title accurately describes the contents of the report. A press release on the report mentions that this report contains 127 pages, 69 market data tables and 53 figures for cloud managed service providers to read.
The new MarketsandMarkets report goes into great detail concerning the following verticals:

  • Managed Data Centers
  • Managed Mobility
  • Managed Security
  • Managed Network Services

MarketsandMarkets goes on to list some of the major players within the managed services market as being IBM, Ericsson and Cisco. The report goes on to the list the major customer segments within cloud managed services as being:

  • Small to Medium Sized Businesses
  • Large Enterprises
  • Governments
  • BFSI
  • Education
  • Retail
  • Telecommunications
  • IT
  • Healthcare
  • Manufacturing
  • Energy and Utilities

The report says that in 2015, the total managed cloud services market is currently worth about $52.23B. MarketsandMarkets predicts the CAGR (Compound Annual Growth Rate) of the managed cloud services market to be 15.5% up until 2020.
A press release on the report says that the report details “Key adoption trends, evolution of managed services, future opportunities, and business cases in this innovative market.”
The report also breaks down each of these opportunities by region. The report highlights managed cloud services within the North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA) regions.
If you’d like read more about the report, you may visit the official press release or visit theMarketsandMarkets website to get more details.