New market study, "Cloud Managed Services Market - Global Forecast to 2021", has been published

Cloud Managed Services Market by Managed Services (Business Service, Network Services, Security Services, Data Center Services, Mobility Services), by Deployment, by Organization Size, by Industry Application & by Region - Global Forecast to 2021

The increasing Information and Communications Technology (ICT) spending, growing trend of big-data and analytics, and the need to focus more on core business activities are driving the cloud managed services market.

The cloud managed services market size is estimated to grow from USD 35.54 billion in 2016 to USD 76.73 billion by 202, at an estimated CAGR of 16.6% from 2016 to 2021. The cloud managed services market is driven by factors such as increased adoption of managed services by SMEs and the increasing trend of mobile devices and big data analytics in the organizations.

Managed Mobility Services segment is expected to gain the maximum traction during the forecast period

The managed mobility services segment is expected to grow with the highest CAGR during the forecast period. With the increasing usage of smart phones, tablets, and other mobile devices, the prospects of managed mobility services have also increased across diverse industry verticals for enhanced productivity, data security, and privacy.

Full Report Details at
- http://www.fastmr.com/prod/1172904_cloud_managed_services_global.aspx?afid=301

"Asa-Pacific is witnessing the high growth potential during the forecast period"

North America holds the largest market share in 2016 while APAC is the fastest-growing region in terms of CAGR. With the companies rapidly outsourcing IT related functions to the countries in APAC, the cloud and managed services models have become extremely important as they enable better productivity and cost effectiveness. Therefore, the market is witnessing a high demand. Moreover, North America, being the most advanced region in cloud technology, has higher a rate of adoption of managed services than the other regions due to increased organizational and communication activities.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:

* By Company Type: Tier 1 - 18%, Tier 2 - 31%, and Tier 3 - 51%
* By Designation: C level - 42%, Director level - 33%, Others - 25%
* By Region: North America - 47%, Europe - 31%, APAC - 14%, ROW- 8%

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