United States Cloud Managed Services Market Size By Enterprise Size (Large Enterprises, SMEs), By End–User (BFSI, IT & Telecommunication, Manufacturing, Retail), And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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United States Cloud Managed Services Market Size And Forecast

United States Cloud Managed Services Market size was valued at USD 23.16 Million in 2022 and is projected to reach USD 50.67 Million by 2030, at a CAGR of 11.01% from 2023 to 2030.

The growing need to manage critical business applications & IT systems is expected to boost the United States Cloud Managed Services Market. The United States report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

United States Cloud Managed Services Market Definition

Cloud Managed Services are responsibilities and tasks associated with the cloud delegated to a third-party service provider. These responsibilities might involve managing, monitoring over, and improving a company’s cloud applications and infrastructure. Managed service providers (MSPs) for the cloud handle the operational details of the cloud environment daily, allowing enterprises to concentrate on their core skills and long-term goals. This component includes managing cloud resources, including virtual computers, storage, networking, and databases.

Working with a team of technical specialists is one of the most significant advantages of cloud-managed services. These service providers possess strong knowledge of numerous cloud platforms, tools, and technologies. Through their experience, organizations can navigate complicated cloud environments and optimize their infrastructure for performance, security, and affordability. Assuring seamless operation of applications and services while minimizing risks and downtime is the goal of cloud-managed service providers, who provide continuous support, maintenance, and monitoring.

Furthermore, cloud-managed service providers play a significant part in enhancing cloud security by implementing best practices, installing strong security measures, and monitoring possible risks. They assist in adherence to compliance, ensuring the company complies with rules and standards for data protection that are particular to the industry. Cloud-managed services provide a higher level of security than many businesses can accomplish on their own to their capabilities for continuous monitoring and incident response. Additionally, Businesses may simplify their operations, increase productivity, and stay ahead in an increasingly highly competitive digital world by collaborating with a reputable cloud-managed service provider.

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United States Cloud Managed Services Market Overview

While companies and financial firms wade through the unpredictable economic and regulatory landscape of today, the pressure has been greater on the risk and compliance model. The adoption of managed services is increasing with companies seeking to improve their organization, operation, and security by providing more strategic responses.

Think of managed cloud services as a way to seriously save money! You're talking about real cost savings and a big drop in what you spend upfront on servers and other tech. By letting someone else handle the cloud, businesses don't need to sink tons of cash into physical IT stuff. Plus, if you set up your cloud right – whether it's private, public, a mix (hybrid), or a shared space (community) – you can slash those day-to-day operating expenses. The real kicker? Cloud-managed services can boost your ROI and make your company super agile almost automatically. Check this outFCW (The Business Federal Technology) said back in January 2022 that over 44% of companies thought they could see a fast return on their investment using these services. With numbers like that, it's no wonder the managed cloud market is taking off!

So, as companies figure out how to handle all their IT and network stuff, you can bet managed cloud services will be a super popular choice. We're seeing more and more organizations run important apps like accounting, finance, and CRM on cloud servers. This fast move to using the cloud to manage business stuff is really changing how companies in the U.S. are using it. Take Betabrand, that clothing company, for example. They moved their whole operation to Google Cloud infrastructure Kubernetes before Black Friday in 2017. Because of that, they handled all the crazy shopping traffic without a hitch. Basically, since everyone's moving to the cloud, expect to see a huge jump in demand for cloud-managed services!

The lack of IT and cybersecurity practitioners is a leading factor limiting the growth of this market. This shortcoming will prohibit organizations from fulfilling their IT security needs. Workforce planning may assist any business in weathering the storm of a shifting labor market and ensuring long-term success. Failure to accurately predict personnel and organizational structure demands, on the other hand, can detract from an organization’s growth ambitions and cause issues with employee productivity and engagement.

Technological advancements are the key trend gaining popularity in the cloud-managed services market. Major companies operating in the cloud-managed services market are developing innovative technological solutions to strengthen their market position.

Technologies such as Artificial Intelligence (AI), Machine Learning (ML), the Internet of Things (IoT), and Big Data are becoming pivotal for modern-day businesses. Challenges in the on-premise deployment of AI have encouraged enterprises to leverage cloud managed services. According to a January 2022 article by Nutanix, Inc. (U.S.), 70% of companies develop AI capabilities through cloud-based software, while 65% create AI apps using cloud managed services. Cloud services allow organizations to access big data cost-effectively, offering pay-per-use models and high scalability.

United States Cloud Managed Services MarketSegmentation Analysis

The United States Cloud Managed Services Market is segmented on the basis of Enterprise Size, and End–User.

United States Cloud Managed Services Market, By Enterprise Size

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Large enterprises led the pack in 2022, grabbing the biggest piece of the market, and we're expecting them to keep growing at a good clip – around 10.01% each year. When it comes to cloud-managed services, these big guys are a major player. We're talking about companies with deep pockets, operations all over the world, and seriously complicated IT setups. They were often the early adopters of cloud tech, driven by the need to handle massive amounts of data and run complex applications. Now, by using Cloud Managed Services, they can grow their operations more efficiently, boost how well things run, and fine-tune their cloud setup. And because they have so many users and such heavy workloads, constantly improving their cloud efficiency is a must. That's where cloud-managed service providers come in, keeping an eye on system performance, spotting potential problems, and making tweaks to keep everything running smoothly.

United States Cloud Managed Services Market, By End–User

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Hey, so get this – in 2022, the Banking, Financial Services, and Insurance (BFSI) sector was the biggest user of cloud-managed services, and experts predict it'll keep growing like crazy, about 11.38% each year! And it makes sense, right? BFSI is super important because it keeps the economy humming by handling money, managing risks, and generally helping things grow. Now, since everything's going digital, these BFSI companies are increasingly relying on cloud-managed services to make things easier, safer, and cheaper, plus they can easily scale up or down as needed. Think about itduring tax season or when the stock market's going wild, data in the BFSI world goes nuts. Old-school, on-site setups often can't handle those sudden spikes, leading to crashes and slowdowns. But cloud-managed services? They're all about that scalability! BFSI companies can easily adjust their computing power to keep things running smoothly, even during peak times. That means banks and other financial institutions can keep their customers happy and stay ahead of the game.

Key Players

Looking for a deep dive into the "United States Cloud Managed Services Market"? This study report gives you valuable insights, zeroing in on the market's key aspects. You'll find details on the big names, including ALE USA Inc., Cloudticity Datacom Group Ltd., Atos SE, Amazon Web Services, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, NEC Corporation, IBM Corporation, and others. Our analysis dedicates a whole section to these major players. Our analysts dig into their financial statements, benchmark their products, and run SWOT analyses. Plus, in the competitive landscape section, we break down their key development strategies, market share, and market ranking.

Key Developments

  • In June 2022, AWS Managed Services (AMS) Accelerate is a new cloud operations offer that helps customers achieve operational excellence regardless of where they are in their cloud journey.
  • In April 2021, Innovative Solutions, a top Amazon Web Services Premier Consulting Partner, launched three new AWS Managed Cloud Services. These offers are aimed at providing clients with options that meet their business requirements while utilizing cloud-based services.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

ALE USA Inc., Cloudticity Datacom Group Ltd., Atos SE, Amazon Web Services, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, & Others

SEGMENTS COVERED

Enterprise Size, and End–User 

CUSTOMIZATION SCOPE

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