Global Cloud Managed Networking Market

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 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.

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FAQs

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).

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. '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'

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.

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).

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.

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Global Cloud Managed Networking Market

Report ID: SQSG45D2016

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