What is Cloud Managed Service?

The Cloud Managed Services Market involves the outsourcing of cloud-based IT management and support services to third-party providers. These services encompass cloud infrastructure management, security, monitoring, data storage, network optimization, and disaster recovery. Organizations leverage these managed services to streamline their IT operations, improve performance, reduce costs, and ensure seamless cloud deployment and management.

Cloud managed services are reshaping the IT landscape by enabling companies to focus on core competencies while leaving complex cloud operations to specialized providers. This shift opens opportunities for new business models, especially in sectors like finance, healthcare, and manufacturing, where cloud solutions are gaining rapid adoption. With cloud managed services, businesses find easy scalability, safe data handling, and enhanced big growth potential through streamlined operations and improved service delivery. The growth in IoT, AI, and big data analytics presents fresh opportunities for service providers to build tailored solutions that drive operational efficiency and innovation.

Market Size:

Cloud Managed Services Market was valued at USD 154.44 billion in 2024 and is projected to reach a market size of USD 356.48 billion by 2030 at a CAGR of 15%.

Key Players:

•    Fujitsu
•    Huawei Technologies Co., Ltd.
•    IBM Corporation
•    NTT DATA Corporation
•    Telefonaktiebolaget LM Ericsson
•    Trianz
•    Verizon
•    Accenture
•    CenturyLink
•    CHINA HUAXIN
•    Cisco Systems, Inc.

Case Study – Verizon:

Verizon's cloud managed services allowed a global healthcare provider to transition from on-premise IT infrastructure to a fully managed cloud solution, reducing costs by 30% while enhancing data security and compliance, ensuring better patient care.

Popularity & Stats:

•    Over 60% of mid-to-large enterprises are already using cloud-managed services.
•    The demand for hybrid cloud solutions is rising, with 70% of businesses considering them for flexibility and cost efficiency.
•    85% of businesses report increased efficiency in operations post-adoption of cloud-managed services.

Market Segmentation:

By Type

•    Infrastructure-as-a-Service (IaaS)
o    Virtual Machines (VMs)
o    Storage
o    Networking

•    Platform-as-a-Service (PaaS)
o    Cloud Database Services
o    Development & Testing Tools
o    Application Hosting

•    Software-as-a-Service (SaaS)
o    Enterprise Resource Planning (ERP)
o    Customer Relationship Management (CRM)
o    Office & Collaboration Tools

•    Managed Security Services
o    Firewall Management
o    Intrusion Detection & Prevention Systems (IDPS)
o    Security Information and Event Management (SIEM)

•    Managed Network Services
o    Wide Area Network (WAN) Optimization
o    Network Monitoring
o    Software-Defined Networking (SDN)

By End User

•    Small and Medium Enterprises (SMEs)
o    Retail
o    Healthcare
o    Education

•    Large Enterprises
o    Banking, Financial Services, and Insurance (BFSI)
o    IT and Telecommunications
o    Manufacturing
o    Energy & Utilities

•    Government
o    Federal
o    State/Local

•    Service Providers
o    Managed Service Providers (MSPs)
o    Cloud Service Providers (CSPs)

What’s in It for You?

•    Gain insights into the evolving demand for cloud managed services across industries
•    Evaluate the strategic positioning of leading players and emerging service providers
•    Explore growth opportunities through tailored services for niche industries like healthcare and finance
•    Understand cloud adoption trends, including multi-cloud and hybrid strategies
•    Learn about security, compliance, and data privacy requirements shaping service offerings