USD 235.5 billion
Cloud Managed Networking Market Size, Share, Growth Analysis, By Service Type(Managed Business, Managed Network, Managed Security, Managed Infrastructure), By Deployment(Public Cloud, Private Cloud), By Enterprise Size(Small, Medium Enterprises (SMEs), Large Enterprises), By Industry(Telecom & IT, Retail, Media & Entertainment, Educational Institutions), By Region(North America, Europe, Asia Pacific, MEA), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45D2016 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
151
|Figures:
78
Cloud Managed Networking Market Insights
Global Cloud Managed Networking Market size was valued at USD 235.5 billion in 2019 and is poised to grow from USD 267.3 billion in 2023 to USD 731.08 billion by 2031, growing at a CAGR of 13.6% in the forecast period (2024-2031).
With an increasing number of consumers using digital platforms, there is a greater need for continuous advancement in digitalization for high-speed data transfer with broad network coverage and large amounts of data storage. Distance learning, multiuser gaming, videoconferencing, and live streaming, for example, have accelerated the growth of the IT industry's consumer base. IT companies require large servers and data storage units to store large amounts of data and provide better services. Managed services provide computing infrastructure, data centers, and data storage through which businesses can rent on-demand access to anything from applications to storage from a cloud service provider. The most significant advantages of cloud services are avoiding the fixed costs of building large IT infrastructure and the complications of having and maintaining their own IT infrastructure, as well as paying only for what they consume when they use it.
With the application of data science to provide a better and more seamless user experience, data storage has become more important than ever before for industries. Cloud services offer platforms for storing data and files in a remote location that can be accessed via the public internet or a dedicated private network connection.
New application architecture can be easily designed and tested by developers without being constrained by the hardware available locally. Businesses only need to pay for the storage that they actually use; they can increase or decrease the capacity of their required IT infrastructure. Public, private, and hybrid clouds are the three different types of cloud managed services. These days, people can view and edit documents using their smartphones, Google Docs, and Microsoft's Office Web Apps. The term "Software as a Service" refers to this particular cloud computing service model (SaaS). SaaS, however, has service restrictions that are burdensome for companies and sectors that must create and maintain their own software applications. They can use infrastructure as a service (IaaS) and platform as a service (PaaS) for this (IaaS). Large software was previously only affordable to large businesses, but "pay as you use" cloud services have changed this.
US Cloud Managed Networking Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Managed Business
Fastest Growth
Managed Business
Growth Rate
13.6% CAGR
Global Cloud Managed Networking Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Cloud Managed Networking Market Segmental Analysis
Global cloud managed networking market is segmented based on the Service Type, Deployment, Enterprise Size, industry, and region. Based on the Service Type, the market is segmented into managed business, managed network, managed security, managed infrastructure, managed mobility, managed communication and collaboration. Based on the Deployment, the market is bifurcated into Public Cloud and Private Cloud. Based on the Enterprise Size, the market is bifurcated into Small and Medium Enterprises (SMEs) and Large Enterprises. Based on industry, the market is segmented into Telecom & IT, Retail, Media & Entertainment, Educational Institutions, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Cloud Managed Networking Market Analysis by Service Type
Based on the Service Type, the Cloud Managed Networking market is segmented into managed business, managed network, managed security, managed infrastructure, managed mobility, managed communication and collaboration. Benefits of managed business services include cost savings, technology that is future-proof, specialized, integrated services, a strong infrastructure, predictable monthly prices, centralized services and applications, and coverage across all service levels. As the use of the cloud increases, businesses are making extensive use of SaaS applications including sales platforms, office productivity suites, and Google suites as a central platform. Businesses are utilizing the cloud for data protection as they become more familiar with its inherent benefits, such as cost savings and flexibility.
Businesses are utilizing the cloud for data protection as they become more familiar with its inherent benefits, such as cost savings and flexibility. Cloud-based technologies are proliferating, including those for archiving, Disaster Recovery as a Service (DRaaS), and storing up SaaS applications. The server's minimum performance requirements and other account-level tasks such as security patching should be addressed. It assists in establishing secure servers and reducing or eliminating server slowdowns and downtime. Businesses use Managed Print Services (MPS) to manage paper and digital document workflows, increasing efficiency and profitability. MPS is a scalable and flexible solution for office and production printing environments.
Global Cloud Managed Networking Market By Service Type , 2021(%)
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Cloud Managed Networking Market Regional Insights
The rise of the North American market is attributed to the existence of numerous multinational corporations in industrialised nations like the US and Canada. The significant expenditures being made in the installation of cloud services by both government-affiliated businesses and commercial organisations will also help the regional market expand. Additionally, the availability of inexpensive cloud platforms offered by both large-scale and smaller businesses in this region will benefit the market's expansion. In addition to North America, the market in Asia-Pacific will grow at a rapid rate due to the region's growing need for cloud managed networking as a result of its expanding population. The deployment of 5G networks has been uneven across the Asia-Pacific region, with developed economies like Singapore, South Korea, and Australia leading the field with consumer services and experiments including enterprise use cases like robots that make use of the technology's low-latency capabilities this is likely to have an impact on cloud managed networking market.
Global Cloud Managed Networking Market By Geography, 2021 - 2028
- Largest
- Fastest
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Cloud Managed Networking Market Dynamics
Cloud Managed Networking Market Driver
- Demand for cloud-based services and applications is rising: One of the main factors driving the market for cloud-based services and applications is the expansion of cloud-managed networking. To lower IT costs, increase operational effectiveness, and increase business agility, organizations are increasingly implementing cloud-based solutions. As a result, there is a growth in demand for managed networking solutions that can assist businesses in connecting to both public and private clouds securely.
- IoT device growth is another important factor driving the market for cloud-managed networking. A growing demand for secure connectivity solutions that can handle high volumes of data traffic between IoT devices and enterprise networks has arisen as a result of the proliferation of IoT devices. Cloud managed networking solutions can assist businesses in effectively managing this data flow and guaranteeing network security.
- Rising apprehensions over cybersecurity threats: Threats to cybersecurity are increasing, which is a serious concern for businesses all around the world. There is consequently a rising need for cybersecurity solutions that can shield business networks from these dangers. Strong security features provided by cloud managed networking solutions enable enterprises to successfully defend their networks against cyberattacks.
Cloud Managed Networking Market Restraint
- For businesses, the transmission of all data across a cloud network presents a risk of sensitive data leaks as well as security and privacy concerns. The market for cloud managed networking is then anticipated to be constrained by this. By allowing developers to construct, run, manage, and deploy applications for both on-premises and public cloud environments, a number of solution providers open up new business prospects. Businesses should use managed cloud platforms with cutting-edge technologies like elastic computing, object storage, relational databases (SQL), hosting, and artificial intelligence. These features are anticipated to usher in a new era of cloud computing.
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Cloud Managed Networking Market Competitive Landscape
Global cloud managed networking market is somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market.
Cloud Managed Networking Market Top Player's Company Profiles
- Cisco Systems, Inc.
- Juniper Networks
- Arista Networks
- Huawei Technologies
- Extreme Networks
- Nokia Networks
- Ericsson
- Dell Technologies
- Hewlett Packard Enterprise
- Fortinet
- Palo Alto Networks
- Check Point Software Technologies
- F5 Networks
- Citrix Systems
- Riverbed Technology
- Zscaler
- Akamai Technologies
- Cloudflare
- Netskope
- Okta
Cloud Managed Networking Market Recent Developments
- In Jun 2022, the Latest addition to the cloud-based Cisco Meraki console expands the company's subscription-based pricing for network monitoring and management software. Cisco added Nexus data center and Catalyst campus switches to its growing portfolio of cloud-based management options and introduced a cloud-native version of the AppDynamics application performance monitor.
- In Jul 2022, Juniper Networks fleshed out its Cloud Metro strategy, combining automation and artificial intelligence (AI) into a managed offering targeted at service providers battling increased data consumption from their 5G and edge deployments. The updates include Juniper moving its Paragon Automation software suite into a cloud-based, as-a-service product. Juniper launched Paragon Automation early last year, tapping into its Netrounds acquisition to provide vendor-agnostic software that monitors network services, automation, and resiliency testing.
Cloud Managed Networking Key Market Trends
- Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS), which support a wide range of services, are the three pillars of cloud computing. Along with cloud computing, XaaS is expanding more quickly as end users become aware of the advantages they offer. Even managed services for multiple technologies, including network-as-a-service and IoT-as-a-service, are being used by organizations. MSPs can readily deliver these because they have the necessary infrastructure and knowledge in place. On a pay-per-use basis, businesses can integrate these services into their core operations. Thus, their IT budgets are used to their fullest potential. The primary advantage is the change from capital expenditures (CAPEX) to operational expenditures (OPEX), which lowers total cost of ownership (TCO).
Cloud Managed Networking Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Cloud Managed Networking Market Analysis, in terms of Service type, managed business accounted for the largest share as it is specialized, integrated services, a solid infrastructure, predictable monthly centralized services and applications, and coverage across all service levels are all advantages of managed business services. Businesses are heavily utilizing SaaS applications, such as sales platforms, office productivity suites, and Google suites as a central platform, as the use of the cloud increases. The cloud is being used by businesses for data protection as they learn more about its inherent advantages, including cost savings and flexibility.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 235.5 billion |
| Market size value in 2031 | USD 731.08 billion |
| Growth Rate | 13.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cloud Managed Networking Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cloud Managed Networking Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cloud Managed Networking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Managed Networking Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Managed Networking Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cloud Managed Networking Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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