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The global global cloud managed services market size was valued at $83.3 billion in 2021, and is projected to reach $319.4 billion by 2031, growing at a CAGR of 14.5% from 2022 to 2031.<br>
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The global global cloud managed services market size was valued at $83.3 billion in 2021, and is projected to reach $319.4 billion by 2031, growing at a CAGR of 14.5% from 2022 to 2031. Download Sample PDF Managed cloud services offer full or partial cloud management services for public and hybrid environments. Managed cloud services are offered to address business cloud needs, such as migration, optimization, security, configuration, and optimization solutions and services. A few of the key advantages of opting for managed cloud services are increased resource efficiency, cloud integration, and flat, predictable spending.
Impact of Covid-19 The alarming increase in COVID-19 cases has compelled many businesses and their employees to adjust to remote working and work-from-home standards. Moreover, with the outbreak of COVID-19, businesses have been forced to shift their attention and increase their online presence, needing to rely on digital solutions more than ever before post the outbreak of the pandemic. 1 Cloud managed service providers’ assisted small businesses in catching up with the rising digital transformation trends while helping small businesses in maintaining their business operations as normal amidst the outbreak of the COVID-19 pandemic. Moreover, the growing demand for cloud services and the lower availability of skilled employees during the period drove the demand for cloud-managed services 2
Segmentation By Region U.S., Canada North America U.K., Germany, France, Spain, Italy, Rest of Europe Europe China, Japan, South Korea, India, Australia, Rest of Asia-Pacific Asia-Pacific LAMEA Latin America, Middle East, Africa
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