Market Forecast: Global Cloud Managed Services to Reach $178.45 Billion by 2029 Driven by Customer Experience and Digital Transformation Initiatives

Cloud Managed Services

The cloud managed services market has been evolving robustly over recent years, the market size reached $96.12 billion in 2024 and continued to expand to $105.21 billion in 2025 at a compound annual growth rate of 9.5%. This growth in the historic period is largely influenced by the rise of cloud computing, business cost reduction initiatives, industry-specific requirements, and increasing complexities in operations, as well as security and compliance needs.

The market is predicted to witness rapid growth in the coming years, with expectations to grow to $178.45 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. Growth drivers in the forecast period include customer experience and support, digital transformation initiatives, service provider competition, and security and compliance requirements. Key trends will include specialized industry solutions, IoT infrastructure support, scalability, and flexibility demands, along with a heightened focus on security and compliance.

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What are the Contributing Factors to the Growth of the Global Cloud Managed Services Market?
The Cloud-managed services market’s growth is largely driven by the increasing adoption of cloud technology across enterprises. Cloud technology, which provides businesses the ability to store and process data over the internet, eliminates the need for physical infrastructure. This reduces capital expenditure towards establishing physical structures for data storage and promotes ease of data access. Google LLC reported that 76% of individuals used the public cloud in 2022, a rise from 56% in 2021. Thus, the adoption of cloud technology across enterprises is a key driver for the growth of the market.

What are the Key Segments within the Global Cloud Managed Services Market
* By Service Type: Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, Managed Communication And Collaboration Services
* By Deployment: Public Cloud, Private Cloud
* By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
* By End-User: Government, Retail, IT And Telecommunication, Manufacturing, BFSI, Healthcare, Energy And Utilities

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Who are the Major Players in the Global Cloud Managed Services Market?
Major companies operating in the cloud managed services market include International Business Machines Corporation, Ericsson Telecom AB, Amazon Web Services Inc., Cisco Systems Inc., Infosys Limited, NTT DATA Corporation, Fujitsu Limited, Accenture Plc., NEC Corporation, Wipro Limited, Atos SE, Huawei Technologies Co. Ltd., Rackspace Technology Inc., Cloudticity LLC, Datacom Group Limited, Connectria LLC, Microsoft Corporation, Google LLC, DigitalOcean Inc., Oracle Corporation, SAP SE, Salesforce.com inc., VMware Inc., Deloitte Touche Tohmatsu Limited, Cognizant Technology Solutions Corporation, CDW Corporation, Capgemini SE, Cloudnexa Inc., Hewlett Packard Enterprise Company, Dimension Data Holdings Plc.

What Emerging Trends Will Influence the Global Cloud Managed Services Market?
Technological advancements have become a significant trend in the cloud-managed services market. Outlook for the industry sees major companies developing and implementing cutting-edge technological solutions to strengthen their market position. A notable example is IBM’s launch of the Hybrid Cloud Mesh in May 2023, a system designed to streamline and automate the management of hybrid cloud environments for enterprises.

Which Region Holds the Highest Market Share in the Global Cloud Managed Services Market?
North America was the largest market for cloud managed services in 2024. The fastest-growing region is projected to be the Asia-Pacific. The regions covered in the cloud managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Definition: What Does The Cloud Managed Services Market Report 2025 Offer?
Cloud managed services refer to outsourced services that help organizations to run their cloud resources efficiently and therefore providing efficient operations and saving costs. It offers a solution for organizations that outsource the management of their cloud platforms to a third party. The Cloud Managed Services Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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