Cloud Managed Services Market size was valued at US$ 52.92 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 13.81% through 2021 to 2027, reaching nearly US$ 130.88 Bn.
Cloud Managed Services Market Overview:
Managed cloud services are those that give a client partial or complete control over their cloud resources or infrastructure. Management activities include migration, configuration, optimization, security, and maintenance. These services are designed to help businesses get the most out of cloud services while saving time and money on the back end. Cloud managed services include Managed Business Services, Managed Network Services, Managed Security Services, Managed Infrastructure Services, Managed Mobility Services, and Managed Communication and Collaboration Services.