The Europe Cloud Managed Network Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
Small & medium-sized businesses have emerged as the most potential users of cloud services due to increased flexibility and the adoption of a "pay as you go" model. With the usage of cloud services continuing to rise, the market for cloud managed network is expected to experience rapid expansion.
The infrastructures for web applications, endpoints, mobility, virtualization, networks, and databases are only a few of the third parties whose talents are outsourced when using cloud managed services. Due to the possibility of important corporate information being compromised, organizations may decide to use the cloud. MSPs aid businesses uphold necessary security and privacy standards for the data they use for cloud deployment. For further security, they promise customers comprehensive network security and encryption.
The One Government Cloud Strategy (OGCS), sometimes referred to as this cloud strategy, addresses lock-in, technological, commercial, security, personnel, operations, and related concerns. It aims to aid the government by providing a practical method for reaping benefits from cloud computing and other hosting choices. This action was taken to expand prospects for small & medium-sized enterprises (SMEs). Under the "cloud first" approach to IT, the central government must buy IT services through the cloud unless proven that an alternative is more cost-effective. Due to the rising popularity of cloud computing, the cloud managed network market in Europe is anticipated to experience growth.
The Germany market dominated the Europe Cloud Managed Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,547 million by 2028. The UK market is anticipated to grow at a CAGR of 8.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Manufacturing, Retail & Ecommerce, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into Public Cloud and Private Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Cloud Managed Network Market is Projected to reach USD 39.9 Billion by 2028, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), NTT Data Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Juniper Networks, Inc., Accenture PLC, Fujitsu Limited, NEC Corporation and Extreme Networks, Inc.
By Component
By Vertical
By Organization size
By Deployment Mode
By Country
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