The global cloud managed services market is estimated to reach at USD 82.51 billion by 2025, according to a report published by Grand View Research, Inc. Cloud managed services are business models provided by cloud service providers to corporations to digitize their data and conduct transactions seamlessly. Penetration of smartphones and rising trend of Bring Your Own Devices (BYOD) in enterprises have encouraged businesses to transition to the cloud in order to provide efficient customer services.
Growing emphasis on improving customer experience has led businesses in retail and healthcare sectors to integrate cloud in their business models. Rising usage of bots and big data has helped organizations in replying to and resolving customer queries in a better manner and at a faster pace. Recently, IBM Corporation offered a cloud-based enterprise resource planning solution to a prominent footwear company to reduce their overall operational costs. The company managed to scale its operations seamlessly while focusing on the core business activities, designing and selling quality footwear.
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Although Amazon was one of the first to offer public cloud services, other tech giants such as Google and IBM are also focusing on providing these services. Public cloud has gained prominence owing to its low cost as compared to private cloud services. Availability of Software-as-a-Service (SaaS) cloud models to handle data at a centralized location can convince consumers to subscribe to such services. The call for heightened security measures can be answered by cloud managed services due to their transparent setup in various companies.
The cloud managed services market is expected to expand at a CAGR of 15.4% from 2018 to 2025 on account of pressing need to focus on core business operations. Increasing demand to minimize IT costs can further augment the market growth. Advantages such as flexibility and scalability provided to businesses with the cloud assistance can also lead to growing implementation of these services in small and medium enterprises (SMEs), boosting the market development in the process. Some of the prominent companies operating in the global cloud managed services market include NTT Data Corporation; Verizon Communications Inc.; Cisco Systems Inc.; Fujitsu Limited; and International Business Machines Corp. (IBM).
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Growing emphasis on improving customer experience has led businesses in retail and healthcare sectors to integrate cloud in their business models. Rising usage of bots and big data has helped organizations in replying to and resolving customer queries in a better manner and at a faster pace. Recently, IBM Corporation offered a cloud-based enterprise resource planning solution to a prominent footwear company to reduce their overall operational costs. The company managed to scale its operations seamlessly while focusing on the core business activities, designing and selling quality footwear.
Click Here For Know More : https://www.grandviewresearch.com/industry-analysis/cloud-managed-services-market/request
Although Amazon was one of the first to offer public cloud services, other tech giants such as Google and IBM are also focusing on providing these services. Public cloud has gained prominence owing to its low cost as compared to private cloud services. Availability of Software-as-a-Service (SaaS) cloud models to handle data at a centralized location can convince consumers to subscribe to such services. The call for heightened security measures can be answered by cloud managed services due to their transparent setup in various companies.
The cloud managed services market is expected to expand at a CAGR of 15.4% from 2018 to 2025 on account of pressing need to focus on core business operations. Increasing demand to minimize IT costs can further augment the market growth. Advantages such as flexibility and scalability provided to businesses with the cloud assistance can also lead to growing implementation of these services in small and medium enterprises (SMEs), boosting the market development in the process. Some of the prominent companies operating in the global cloud managed services market include NTT Data Corporation; Verizon Communications Inc.; Cisco Systems Inc.; Fujitsu Limited; and International Business Machines Corp. (IBM).
Get Free Sample Report : https://www.grandviewresearch.com/industry-analysis/cloud-managed-services-market/request
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