Cloud Managed Services Market Size, Share, Trends & Industry Analysis Report: By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), By Service, By Vertical, and By Region

Description

List of Tables

The global cloud managed services market size is expected to reach USD 524.28 billion by 2034, according to a new study by Polaris Market Research. The report "Cloud Managed Services Market Size, Share, Trends & Industry Analysis Report: By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), By Service, By Vertical, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Cloud Managed Services Market involves outsourcing the daily IT management of cloud-based infrastructure and applications to third-party service providers. These services encompass monitoring, maintenance, security, backup, and support for public, private, or hybrid cloud environments. By utilizing managed services, businesses can harness the advantages of cloud computing-such as scalability, flexibility, and cost efficiency-without the challenge of managing complex systems internally. This enables organizations to concentrate on their core business activities while ensuring their IT infrastructure is secure and up to date.

The increasing complexity of multi-cloud and hybrid environments requires advanced skills and continuous monitoring that many organizations may not possess in-house. Additionally, the rise in cybersecurity threats is prompting businesses to seek expert-managed solutions for data protection and regulatory compliance. The need for business continuity, reduced operational costs, and enhanced system performance is further encouraging adoption. Key industries, including Banking, Financial Services and Insurance (BFSI), healthcare, and IT are at the forefront of implementation, particularly in North America, which holds the largest market share. Meanwhile, the Asia Pacific region is experiencing the fastest growth due to rapid digital transformation, heightened cloud awareness, and supportive government initiatives.

Cloud Managed Services Market Report Highlights:

By organization size, large enterprises currently hold the largest share due to their extensive and complex IT infrastructures, driving significant demand for comprehensive managed services.

By service, managed infrastructure services account for the largest share, as they form the foundational layer of cloud management, ensuring the optimal performance and scalability of core computing, storage, and networking resources.

By vertical, the BFSI sector commands the largest share, driven by its critical need for secure, compliant, and highly available cloud environments to manage vast financial data and complex transactions.

By region, North America consistently holds the largest share in the cloud managed services space. The Asia Pacific region is rapidly emerging as the fastest-growing area for cloud-managed services.

Some major key players include include Amazon Web Services (AWS), Microsoft Azure (Microsoft Corporation), Google Cloud (Alphabet Inc.), IBM Consulting (IBM), Accenture plc, Capgemini, Wipro Limited, Tata Consultancy Services (Tata Group), HCLTech, Kyndryl (an IBM spin-off), Infosys Limited, and Cognizant.

Polaris Market Research has segmented the Cloud Managed Services market report based on organization size, service, vertical, and region:

By Organization Size Outlook (Revenue - USD Billion, 2020-2034)

Large Enterprises

Small and Medium-Sized Enterprises

By Service Outlook (Revenue - USD Billion, 2020-2034)

Managed Business Services

Managed Network Services

Managed Security Services

Managed Infrastructure Services

Managed Mobility Services

Managed Communication & Collaboration Services

By Vertical Outlook (Revenue - USD Billion, 2020-2034)

BFSI

Telecom

Government & Public Sector

Healthcare & Lifesciences

Retail & Consumer Goods

Manufacturing

Energy

Utilities

Others

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America

Canada

Mexico

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

Product Code: PM2306

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Cloud Managed Services Market Insights

4.1. Cloud Managed Services Market - Market Snapshot
4.2. Cloud Managed Services Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing Complexity of Cloud Environments
  - 4.2.1.2. Escalating Cybersecurity Threats
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Dependence on third-party providers
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Cloud Managed Services Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Cloud Managed Services Market, by Organization Size

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
5.3. Large Enterprises
- 5.3.1. Global Cloud Managed Services Market, by Large Enterprises, by Region, 2020-2034 (USD Billion)
5.4. Small and Medium-Sized Enterprises
- 5.4.1. Global Cloud Managed Services Market, by Small and Medium-Sized Enterprises, by Region, 2020-2034 (USD Billion)

6. Global Cloud Managed Services Market, by Service

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
6.3. Managed Business Services
- 6.3.1. Global Cloud Managed Services Market, by Managed Business Services, by Region, 2020-2034 (USD Billion)
6.4. Managed Network Services
- 6.4.1. Global Cloud Managed Services Market, by Managed Network Services, by Region, 2020-2034 (USD Billion)
6.5. Managed Security Services
- 6.5.1. Global Cloud Managed Services Market, by Managed Security Services, by Region, 2020-2034 (USD Billion)
6.6. Managed Infrastructure Services
- 6.6.1. Global Cloud Managed Services Market, by Managed Infrastructure Services, by Region, 2020-2034 (USD Billion)
6.7. Managed Mobility Services
- 6.7.1. Global Cloud Managed Services Market, by Managed Mobility Services, by Region, 2020-2034 (USD Billion)
6.8. Managed Communication & Collaboration Services
- 6.8.1. Global Cloud Managed Services Market, by Managed Communication & Collaboration Services, by Region, 2020-2034 (USD Billion)

7. Global Cloud Managed Services Market, by Vertical

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
7.3. BFSI
- 7.3.1. Global Cloud Managed Services Market, by BFSI, by Region, 2020-2034 (USD Billion)
7.4. Telecom
- 7.4.1. Global Cloud Managed Services Market, by Telecom, by Region, 2020-2034 (USD Billion)
7.5. Government & Public Sector
- 7.5.1. Global Cloud Managed Services Market, by Government & Public Sector, by Region, 2020-2034 (USD Billion)
7.6. Healthcare & Lifesciences
- 7.6.1. Global Cloud Managed Services Market, by Healthcare & Lifesciences, by Region, 2020-2034 (USD Billion)
7.7. Retail & Consumer Goods
- 7.7.1. Global Cloud Managed Services Market, by Retail & Consumer Goods, by Region, 2020-2034 (USD Billion)
7.8. Manufacturing
- 7.8.1. Global Cloud Managed Services Market, by Manufacturing, by Region, 2020-2034 (USD Billion)
7.9. Energy
- 7.9.1. Global Cloud Managed Services Market, by Energy, by Region, 2020-2034 (USD Billion)
7.10. Utilities
- 7.10.1. Global Cloud Managed Services Market, by Utilities, by Region, 2020-2034 (USD Billion)
7.11. IT
- 7.11.1. Global Cloud Managed Services Market, by IT, by Region, 2020-2034 (USD Billion)
7.12. Others
- 7.12.1. Global Cloud Managed Services Market, by Others, by Region, 2020-2034 (USD Billion)

8. Global Cloud Managed Services Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Cloud Managed Services Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Cloud Managed Services Market - North America
- 8.3.1. North America: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
- 8.3.2. North America: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
- 8.3.3. North America: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.3.4. Cloud Managed Services Market - U.S.
  - 8.3.4.1. U.S.: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.3.4.2. U.S.: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.3.4.3. U.S.: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.3.5. Cloud Managed Services Market - Canada
  - 8.3.5.1. Canada: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
8.4. Cloud Managed Services Market - Europe
- 8.4.1. Europe: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
- 8.4.2. Europe: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
- 8.4.3. Europe: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.4. Cloud Managed Services Market - UK
  - 8.4.4.1. UK: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.5. Cloud Managed Services Market - France
  - 8.4.5.1. France: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.6. Cloud Managed Services Market - Germany
  - 8.4.6.1. Germany: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.7. Cloud Managed Services Market - Italy
  - 8.4.7.1. Italy: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.8. Cloud Managed Services Market - Spain
  - 8.4.8.1. Spain: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.9. Cloud Managed Services Market - Netherlands
  - 8.4.9.1. Netherlands: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.10. Cloud Managed Services Market - Russia
  - 8.4.10.1. Russia: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.4.11. Cloud Managed Services Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
8.5. Cloud Managed Services Market - Asia Pacific
- 8.5.1. Asia Pacific: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.4. Cloud Managed Services Market - China
  - 8.5.4.1. China: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.5. Cloud Managed Services Market - India
  - 8.5.5.1. India: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.6. Cloud Managed Services Market - Malaysia
  - 8.5.6.1. Malaysia: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.7. Cloud Managed Services Market - Japan
  - 8.5.7.1. Japan: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.8. Cloud Managed Services Market - Indonesia
  - 8.5.8.1. Indonesia: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.9. Cloud Managed Services Market - South Korea
  - 8.5.9.1. South Korea: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.10. Cloud Managed Services Market - Australia
  - 8.5.10.1. Australia: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.5.11. Cloud Managed Services Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
8.6. Cloud Managed Services Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.6.4. Cloud Managed Services Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.6.5. Cloud Managed Services Market - UAE
  - 8.6.5.1. UAE: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.6.6. Cloud Managed Services Market - Israel
  - 8.6.6.1. Israel: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.6.7. Cloud Managed Services Market - South Africa
  - 8.6.7.1. South Africa: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.6.8. Cloud Managed Services Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
8.7. Cloud Managed Services Market - Latin America
- 8.7.1. Latin America: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.7.4. Cloud Managed Services Market - Mexico
  - 8.7.4.1. Mexico: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.7.5. Cloud Managed Services Market - Brazil
  - 8.7.5.1. Brazil: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.7.6. Cloud Managed Services Market - Argentina
  - 8.7.6.1. Argentina: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)
- 8.7.7. Cloud Managed Services Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Cloud Managed Services Market, by Organization Size, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Cloud Managed Services Market, by Service, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Cloud Managed Services Market, by Vertical, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Accenture plc
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Amazon Web Services (AWS)
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Capgemini
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Cognizant
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Google Cloud (Alphabet Inc.)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. HCLTech
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. IBM Consulting (IBM)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Infosys Limited
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Kyndryl
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Microsoft Azure (Microsoft Corporation)
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Tata Consultancy Services (Tata Group)
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Wipro Limited
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development