The US Cloud Managed Service market is expected to grow at over 12.7% CAGR from 2024 to 2029, driven by increasing adoption of cloud managed services across various sectors.
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The market for cloud managed services in the United States is expanding rapidly due to the growing need for digital transformation and effective IT management across a variety of industries. Numerous services are available in this industry, such as managed networks, managed mobility, managed security, and managed IT infrastructure. These services assist companies in cutting expenses, improving security, and streamlining processes. Due to their extensive IT needs and massive data volumes, major corporations are the primary consumers, but small and medium-sized businesses (SMEs) are now increasingly utilizing these services to take advantage of specialized IT assistance and cut costs. IT and telecommunications, banking and financial services (BFSI), healthcare, retail, manufacturing, and government are some of the major industries driving this market expansion. In order to handle particular issues like data security, regulatory compliance, and the requirement for scalable IT solutions, these industries rely on managed services. Prominent industry participants like Fujitsu, Cisco Systems, IBM, AT&T, HP, Microsoft, and Dell Technologies, consistently engage in innovative practices and establish strategic alliances to augment their service portfolios and sustain a competitive edge. The increasing frequency of cyber-attacks is another factor contributing to the market's robust expansion and driving demand for sophisticated managed security services. All things considered, the U.S. market for cloud managed services is expected to grow further, providing enough opportunity for providers to adapt to the changing demands of enterprises in an increasingly digital environment. However, the global market size of Cloud Managed Service Market is approximately USD 100 Billion and it is expected to reach at USD 212 Billion by 2029. The need for cyber security, cost optimisation, and digital transformation and hybrid IT are major factors driving the US market for cloud managed services. In an effort to increase operational agility and efficiency, businesses are embracing hybrid IT environments—which combine cloud services and on-premises equipment. Managed services are now necessary in order to properly optimise and maintain these systems in the increasingly complex and hybrid contexts. Furthermore, managed services provide affordable IT administration options, allowing companies to outsource regular work and concentrate on their core competencies. This is particularly helpful for SMEs, as they sometimes lack the funding necessary to keep up large IT staff. Furthermore, companies must make significant investments in managed security services, which offer cutting-edge security solutions including threat detection, response, and compliance management, due to the increasing sophistication and frequency of cyber-attacks. These are essential services. These services are essential for maintaining regulatory compliance and safeguarding sensitive data.
According to the research report "US Cloud Managed Service Market Overview, 2029," published by Bonafide Research, the US Cloud Managed Service market is anticipated to grow at more than 12.7% CAGR from 2024 to 2029. The cloud managed services industry in the US is divided into a number of service categories, each of which focuses on a distinct facet of IT operations and administration. Managed Business, Managed Network, Managed Security, Managed Infrastructure, and Managed Mobility services are the primary service categories. Every single one of these services is essential to helping businesses increase operational effectiveness, strengthen security, and optimise their IT infrastructure. A broad range of support services are included in managed business services, which let companies simplify their operations and concentrate on their main business tasks. Among these services are managed software-as-a-service (SaaS) apps, managed cloud services, and managed IT support. Organisations may save operating costs, enhance service quality, and take advantage of the newest technology without having to make large upfront expenditures by outsourcing these tasks. Retaining reliable and effective network operations depends on managed network services. These services include managed Wi-Fi, managed VPN, managed LAN/WAN, and network monitoring. Leading competitors in this market include Verizon and AT&T, who provide complete network management solutions that guarantee enterprise networks' high availability, performance, and security. The importance of managed security services (MSS) is rising as a result of the complexity and frequency of cyber-attacks. Among these services are managed threat intelligence, managed firewall, managed intrusion detection/prevention systems (IDS/IPS), and managed security information and event management (SIEM). Advanced MSS solutions from companies like IBM and Cisco enable enterprises to identify, address, and mitigate security risks while maintaining regulatory compliance and safeguarding sensitive data. The administration of an organization's IT infrastructure, which includes servers, storage, and data centres, is a component of managed infrastructure services. Server administration, storage management, and managed data centre services are among the services in this category. These services are provided by vendors like Rack space and Fujitsu to assist businesses in improving the performance, scalability, and stability of their IT operations so they can effectively manage growing workloads and sophisticated applications. In order to ensure safe and effective mobile operations, managed mobility services handle the administration of mobile devices, apps, and data. Device lifecycle management, mobile security management, and mobile application management are some of these services. The increasing prevalence of remote work and mobile workforces has made managed mobility services indispensable for preserving security and productivity in dispersed work settings. Important players include AT&T and Verizon.
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