The North America Cloud Managed Network Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).
It is projected that demand for cloud managed network will be driven by enterprises' growing need to reduce operational and infrastructure costs associated with business processes. Organizations can concentrate on their core capabilities by outsourcing cloud services to third parties, which increases overall productivity. Demand for managed analytics and cloud storage services increased as the amount of data increased. Also, the requirement for stability and scalability drives up the demand for these services, allowing businesses to expand by offering tailored versions of the current services.
As more businesses use Software-as-a-Service (SaaS) programs and other cloud-based services, such as American Red Cross, Netflix, and Rovio, the need for cloud-based managed security services is expected to rise. Furthermore, the trend of BYOD in many enterprises and the rising use of mobile devices are also projected to fuel demand for the market, which manages these devices for usage and security requirements. In addition, adopting personal devices by a large proportion of the workforce may further fuel the expansion of the cloud managed network market.
North America's solid financial standing enables it to spend substantially on innovative solutions and technology, giving regional businesses a competitive edge in the marketplace. In addition, the region is home to several important cloud managed services providers, including CenturyLink Inc., IBM Corporation, and Cisco Systems Inc., among others. The increased implementation of big data solutions by major IT companies, such as Google and Microsoft, to improve efficiency and optimize their business processes is pushing the regional adoption of cloud managed networks. As a result of all these factors, the market for cloud managed networks would witness growth in the region.
The US market dominated the North America Cloud Managed Network Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,906.6 million by 2028. The Canada market is poised to grow at a CAGR of 11.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.6% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Vertical
- IT & ITeS
- BFSI
- Manufacturing
- Retail & Ecommerce
- Media & Entertainment
- Healthcare & Life Sciences
- Transportation & Logistics
- Energy & Utilities
- Others
By Organization size
By Deployment Mode
- Public Cloud
- Private Cloud
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Extreme Networks, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud Managed Network Market, by Component
1.4.2 North America Cloud Managed Network Market, by Vertical
1.4.3 North America Cloud Managed Network Market, by Organization size
1.4.4 North America Cloud Managed Network Market, by Deployment Mode
1.4.5 North America Cloud Managed Network Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisitions and Mergers : 2019, Aug – 2023, Feb) Leading Players
Chapter 4. North America Cloud Managed Network Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Cloud Managed Network Market by Vertical
5.1 North America IT & ITeS Market by Country
5.2 North America BFSI Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America Retail & Ecommerce Market by Country
5.5 North America Media & Entertainment Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Transportation & Logistics Market by Country
5.8 North America Energy & Utilities Market by Country
5.9 North America Other Vertical Market by Country
Chapter 6. North America Cloud Managed Network Market by Organization size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Cloud Managed Network Market by Deployment Mode
7.1 North America Public Cloud Market by Country
7.2 North America Private Cloud Market by Country
Chapter 8. North America Cloud Managed Network Market by Country
8.1 US Cloud Managed Network Market
8.1.1 US Cloud Managed Network Market by Component
8.1.2 US Cloud Managed Network Market by Vertical
8.1.3 US Cloud Managed Network Market by Organization size
8.1.4 US Cloud Managed Network Market by Deployment Mode
8.2 Canada Cloud Managed Network Market
8.2.1 Canada Cloud Managed Network Market by Component
8.2.2 Canada Cloud Managed Network Market by Vertical
8.2.3 Canada Cloud Managed Network Market by Organization size
8.2.4 Canada Cloud Managed Network Market by Deployment Mode
8.3 Mexico Cloud Managed Network Market
8.3.1 Mexico Cloud Managed Network Market by Component
8.3.2 Mexico Cloud Managed Network Market by Vertical
8.3.3 Mexico Cloud Managed Network Market by Organization size
8.3.4 Mexico Cloud Managed Network Market by Deployment Mode
8.4 Rest of North America Cloud Managed Network Market
8.4.1 Rest of North America Cloud Managed Network Market by Component
8.4.2 Rest of North America Cloud Managed Network Market by Vertical
8.4.3 Rest of North America Cloud Managed Network Market by Organization size
8.4.4 Rest of North America Cloud Managed Network Market by Deployment Mode
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 NTT Data Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Hewlett Packard Enterprise Company (HP Development Company L.P.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Accenture PLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Extreme Networks, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.7 Juniper Networks, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.8 Fujitsu Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.9 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.10. NEC Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
TABLE 1 North America Cloud Managed Network Market, 2018 - 2021, USD Million
TABLE 2 North America Cloud Managed Network Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cloud Managed Network Market
TABLE 4 Product Launches And Product Expansions– Cloud Managed Network Market
TABLE 5 Acquisition and Mergers– Cloud Managed Network Market
TABLE 6 North America Cloud Managed Network Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Cloud Managed Network Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Cloud Managed Network Market by Vertical, 2018 - 2021, USD Million
TABLE 13 North America Cloud Managed Network Market by Vertical, 2022 - 2028, USD Million
TABLE 14 North America IT & ITeS Market by Country, 2018 - 2021, USD Million
TABLE 15 North America IT & ITeS Market by Country, 2022 - 2028, USD Million
TABLE 16 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 17 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Retail & Ecommerce Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Retail & Ecommerce Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Cloud Managed Network Market by Organization size, 2018 - 2021, USD Million
TABLE 33 North America Cloud Managed Network Market by Organization size, 2022 - 2028, USD Million
TABLE 34 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 36 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 37 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Cloud Managed Network Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 39 North America Cloud Managed Network Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 40 North America Public Cloud Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Public Cloud Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Private Cloud Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Private Cloud Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Cloud Managed Network Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Cloud Managed Network Market by Country, 2022 - 2028, USD Million
TABLE 46 US Cloud Managed Network Market, 2018 - 2021, USD Million
TABLE 47 US Cloud Managed Network Market, 2022 - 2028, USD Million
TABLE 48 US Cloud Managed Network Market by Component, 2018 - 2021, USD Million
TABLE 49 US Cloud Managed Network Market by Component, 2022 - 2028, USD Million
TABLE 50 US Cloud Managed Network Market by Vertical, 2018 - 2021, USD Million
TABLE 51 US Cloud Managed Network Market by Vertical, 2022 - 2028, USD Million
TABLE 52 US Cloud Managed Network Market by Organization size, 2018 - 2021, USD Million
TABLE 53 US Cloud Managed Network Market by Organization size, 2022 - 2028, USD Million
TABLE 54 US Cloud Managed Network Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 55 US Cloud Managed Network Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 56 Canada Cloud Managed Network Market, 2018 - 2021, USD Million
TABLE 57 Canada Cloud Managed Network Market, 2022 - 2028, USD Million
TABLE 58 Canada Cloud Managed Network Market by Component, 2018 - 2021, USD Million
TABLE 59 Canada Cloud Managed Network Market by Component, 2022 - 2028, USD Million
TABLE 60 Canada Cloud Managed Network Market by Vertical, 2018 - 2021, USD Million
TABLE 61 Canada Cloud Managed Network Market by Vertical, 2022 - 2028, USD Million
TABLE 62 Canada Cloud Managed Network Market by Organization size, 2018 - 2021, USD Million
TABLE 63 Canada Cloud Managed Network Market by Organization size, 2022 - 2028, USD Million
TABLE 64 Canada Cloud Managed Network Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 65 Canada Cloud Managed Network Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 66 Mexico Cloud Managed Network Market, 2018 - 2021, USD Million
TABLE 67 Mexico Cloud Managed Network Market, 2022 - 2028, USD Million
TABLE 68 Mexico Cloud Managed Network Market by Component, 2018 - 2021, USD Million
TABLE 69 Mexico Cloud Managed Network Market by Component, 2022 - 2028, USD Million
TABLE 70 Mexico Cloud Managed Network Market by Vertical, 2018 - 2021, USD Million
TABLE 71 Mexico Cloud Managed Network Market by Vertical, 2022 - 2028, USD Million
TABLE 72 Mexico Cloud Managed Network Market by Organization size, 2018 - 2021, USD Million
TABLE 73 Mexico Cloud Managed Network Market by Organization size, 2022 - 2028, USD Million
TABLE 74 Mexico Cloud Managed Network Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 75 Mexico Cloud Managed Network Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 76 Rest of North America Cloud Managed Network Market, 2018 - 2021, USD Million
TABLE 77 Rest of North America Cloud Managed Network Market, 2022 - 2028, USD Million
TABLE 78 Rest of North America Cloud Managed Network Market by Component, 2018 - 2021, USD Million
TABLE 79 Rest of North America Cloud Managed Network Market by Component, 2022 - 2028, USD Million
TABLE 80 Rest of North America Cloud Managed Network Market by Vertical, 2018 - 2021, USD Million
TABLE 81 Rest of North America Cloud Managed Network Market by Vertical, 2022 - 2028, USD Million
TABLE 82 Rest of North America Cloud Managed Network Market by Organization size, 2018 - 2021, USD Million
TABLE 83 Rest of North America Cloud Managed Network Market by Organization size, 2022 - 2028, USD Million
TABLE 84 Rest of North America Cloud Managed Network Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 85 Rest of North America Cloud Managed Network Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 86 Key Information – Cisco Systems, Inc.
TABLE 87 Key information – IBM Corporation
TABLE 88 Key Information – NTT Data Corporation
TABLE 89 key information – Hewlett Packard Enterprise Company
TABLE 90 Key information – Accenture PLC
TABLE 91 Key Information – Extreme Networks, Inc.
TABLE 92 Key Information – Juniper Networks, Inc.
TABLE 93 Key Information – Fujitsu Limited
TABLE 94 key information – Huawei Technologies Co., Ltd.
TABLE 95 KEY INFORMATION – NEC Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisitions and Mergers : 2019, Aug – 2023, Feb) Leading Players
FIG 6 SWOT Analysis: Cisco Systems, Inc.
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT Analysis: NTT Data Corporation
FIG 9 SWOT analysis: Hewlett-Packard enterprise Company
FIG 10 Swot analysis: Accenture plC