Cloud Managed Network Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

February 28 08:15 2023
Cloud Managed Network Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027
Cisco (US), HPE(US), IBM (US), Ericsson (Sweden), Huawei (Japan), Juniper Networks (US), Fujitsu (Japan), Accenture (Ireland), NTT Data (Japan), NEC(Japan), Extreme Networks (US), CommScope (US), Zyxel Networks (Taiwan), Infoblox (US), D-Link (Taiwan), Veracloud (Malta), Accrets International (Singapore), Mindsight (US), Kalyx (India), Iricent (Ireland).
Cloud Managed Network Market by Component (Solutions, Services), Organization Size (Large Enterprises, SMEs), Deployment Mode (Public Cloud, Private Cloud), Vertical (BFSI, Transport and Logistics, Manufacturing) and Region – Global Forecast to 2027

The global cloud managed network market size is projected to grow from USD 21.6 billion in 2022 to USD 36.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. The major factors that are expected to drive the growth of the cloud managed network market include the growing need for cloud managed networks and the increasing reliance of organizations on IT assets to enhance their business productivity.

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Solutions segment to hold the  highest market share during the forecast period

Companies are rapidly adopting cloud managed network soltutions to streamline their business procedures, along with delivering better and agile services to their customers. Also, benefits, such as cost-saving, increased efficiency and flexibility, and reduced downtime, have increased the demand for cloud managed network solutions and services.

Private Cloud segment to grow at the highest CAGR during the forecast period

Private clouds are created for specific groups or organizations that require customization and control over their data. Enterprises opt for private cloud, as it provides a highly secure and centralized storage infrastructure. The need to enable companies  to have a better control of the data and can reduce the risk of data loss and issues connected to the regulatory compliance, will drive the segment growth.

Key and innovative vendors in the cloud managed network market include Cisco (US), HPE(US), IBM (US), Ericsson (Sweden),  Huawei (Japan), Juniper Networks (US), Fujitsu (Japan),  Accenture (Ireland), NTT Data (Japan), NEC(Japan), Extreme Networks (US),  CommScope (US), Zyxel Networks (Taiwan), Infoblox (US), D-Link (Taiwan), Veracloud (Malta), Accrets International (Singapore), Mindsight (US), Kalyx (India), Iricent (Ireland), Total Communications (US), Cloudscape Technologies (US), DynTek (US), Inhand Networks (US), Engenius Technologies (US).

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Cisco specializes in designing and selling a broad range of technologies that power the internet. The company offers products and technologies in the different categories such as  infrastructure platforms; applications; security; and other products. In addition to the product offerings, it provides a wide range of service offerings, including technical support and advanced services. It also offers services to businesses of all size, public institutions, governments, and service providers, including large web-scale providers. The company also provides comprehensive advisory services focused on responsive, preventive, and consultative support of technologies for specific networking needs. It also offers support and maintenance services to help the customers inoder to  operate their products  efficiently. The services offered by the company enables the  customers to  protect their network investments, manage risks, and minimize downtime for systems running mission-critical applications. Cisco’s  customers primarily operate in the following markets: enterprise, commercial, service provider, and public sector. The company  conducts its  business globally and has geographical presence across the Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC).

IBM is of the leading providers of cloud platform services and cognitive solutions, IBM works across the cloud, IT infrastructure, security, services, and research domains. The company operates in more than 175 countries and caters to various industries across the world. It functions through six main segments: Global Technology Services, Cloud and Cognitive Software, Global Business Services, Systems, Global Financing, and Other. IBM offers infrastructure, hosting, and consulting services in the areas of customer relationship management, business analytics optimization, outsourcing, software, and security. The company is focused on developing solutions and products that are powered by the latest technologies, including AI and ML, analytics, big data, and IoT. It also offers services to help clients transform their businesses. IBM cloud managed network allow organizations to utilize the agility and efficiency of cloud with a secure, scalable infrastructure designed for enterprise-grade workloads.

Ericsson is one of the leading providers of information and communication technology to service providers. It makes its customers successful in a fully connected world by innovating game-changing technology and solutions that are easy to use. It offers solutions for networks, cloud software solutions, and emerging businesses, helping customers improve their efficiency and digital experience and capture new revenue streams. Ericsson had been operated in more than 180 countries, and it had over 57,000 granted patents. Ericsson’s Network Design and Optimization portfolio include services and software enabled by the Ericsson Operations Engine. With big data, AI, and crowdsourced data analytics, the solutions deliver superior performance while limiting costs by monitoring numerous KPIs, building an end-user experience-centric model, and enabling targeted CAPEX investments.

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