North America Cloud Managed Services Market Size, Share & Industry Trends Analysis Report By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Vertical, By Service Type, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Cloud Managed Services Market would witness market growth of 9.7% CAGR during the forecast period (2021-2027).
Cloud usage is increasing across industries, giving Cloud Service Providers (CSPs) a much-needed push. Organizations' incapacity to handle all cloud-related tasks in-house is increasing their reliance on CSPs. In the United States, this eventually gave rise to the 'Cloud Managed Services' phenomenon. The 'Cloud Managed Services' provide companies with comprehensive cloud management assistance by outsourcing their cloud operations to Cloud Managed Service Providers (MSPs).
As cloud usage continues to grow in across various developed nations, effective management remains a top goal for most businesses. To solve this issue, firms based in the United States have chosen several approaches to manage their cloud infrastructure. Some manage it themselves; while others hire a Cloud MSP to help with the immediate complications, and still others hire a managed cloud service provider to tackle the larger mission with a clear strategy on how to manage hybrid environments and resources.
There has widespread adoption of cloud managed services solutions in North America across various verticals such as healthcare, IT, and manufacturing. The North American market has been ahead of the curve in embracing the latest technological advancements such as integration technologies with AI, cloud, and mobile technologies within conventional cloud managed services. One of the major reasons behind this is the extremely high internet penetration in North American countries. It is projected that the adoption of managed services by businesses is to grow even further there. It is necessary to keep in mind that service providers which give attention to customer engagement would gather more returns from the recurring revenue model. Major government agencies from the United States such as the US Army, Air Force, and the United States Department of Justice (DOJ) etc. have been the early adopters of the cloud technology in the region and have set a standard for other firms and institutions to follow.
The US market dominated the North America Cloud Managed Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $39,498.3 million by 2027. The Canada market is estimated to grow at a CAGR of 12.2% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 11.2% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Manufacturing, Government, Retail, Healthcare, Energy & Utilities, and Others. Based on Service Type, the market is segmented into Managed Infrastructure Services, Managed Network Services, Managed Security Services, Managed Communication & Collaboration Services, Managed Business Services, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Hewlett-Packard Enterprise Company, Ericsson AB, Cisco Systems, Inc., Atos Group, Accenture PLC, Fujitsu Limited, Infosys Limited, NTT Data Corporation, and Amazon Web Services, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- IT & Telecom
- Energy & Utilities
By Service Type
- Managed Infrastructure Services
- Managed Network Services
- Managed Security Services
- Managed Communication & Collaboration Services
- Managed Business Services
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Hewlett-Packard Enterprise Company
- Ericsson AB
- Cisco Systems, Inc.
- Atos Group
- Accenture PLC
- Fujitsu Limited
- Infosys Limited
- NTT Data Corporation
- Amazon Web Services, Inc.
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