The North America Cloud Managed Services Market would witness market growth of 9.7% CAGR during the forecast period (2021-2027).
Cloud usage is increasing across industries, giving Cloud Service Providers (CSPs) a much-needed push. Organizations' incapacity to handle all cloud-related tasks in-house is increasing their reliance on CSPs. In the United States, this eventually gave rise to the 'Cloud Managed Services' phenomenon. The 'Cloud Managed Services' provide companies with comprehensive cloud management assistance by outsourcing their cloud operations to Cloud Managed Service Providers (MSPs).
As cloud usage continues to grow in across various developed nations, effective management remains a top goal for most businesses. To solve this issue, firms based in the United States have chosen several approaches to manage their cloud infrastructure. Some manage it themselves; while others hire a Cloud MSP to help with the immediate complications, and still others hire a managed cloud service provider to tackle the larger mission with a clear strategy on how to manage hybrid environments and resources.
There has widespread adoption of cloud managed services solutions in North America across various verticals such as healthcare, IT, and manufacturing. The North American market has been ahead of the curve in embracing the latest technological advancements such as integration technologies with AI, cloud, and mobile technologies within conventional cloud managed services. One of the major reasons behind this is the extremely high internet penetration in North American countries. It is projected that the adoption of managed services by businesses is to grow even further there. It is necessary to keep in mind that service providers which give attention to customer engagement would gather more returns from the recurring revenue model. Major government agencies from the United States such as the US Army, Air Force, and the United States Department of Justice (DOJ) etc. have been the early adopters of the cloud technology in the region and have set a standard for other firms and institutions to follow.
The US market dominated the North America Cloud Managed Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $39,498.3 million by 2027. The Canada market is estimated to grow at a CAGR of 12.2% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 11.2% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Manufacturing, Government, Retail, Healthcare, Energy & Utilities, and Others. Based on Service Type, the market is segmented into Managed Infrastructure Services, Managed Network Services, Managed Security Services, Managed Communication & Collaboration Services, Managed Business Services, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cloud Managed Services Market is Estimated to reach $153.5 Billion by 2027, at a CAGR of 10.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Hewlett-Packard Enterprise Company, Ericsson AB, Cisco Systems, Inc., Atos Group, Accenture PLC, Fujitsu Limited, Infosys Limited, NTT Data Corporation, and Amazon Web Services, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical
- BFSI
- IT & Telecom
- Manufacturing
- Government
- Retail
- Healthcare
- Energy & Utilities
- Others
By Service Type
- Managed Infrastructure Services
- Managed Network Services
- Managed Security Services
- Managed Communication & Collaboration Services
- Managed Business Services
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- IBM Corporation
- Hewlett-Packard Enterprise Company
- Ericsson AB
- Cisco Systems, Inc.
- Atos Group
- Accenture PLC
- Fujitsu Limited
- Infosys Limited
- NTT Data Corporation
- Amazon Web Services, 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 Services Market, by Enterprise Size
1.4.2 North America Cloud Managed Services Market, by Vertical
1.4.3 North America Cloud Managed Services Market, by Service Type
1.4.4 North America Cloud Managed Services 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 and 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 Acquisition and Mergers
3.2.3 Product Launches and Product Expansions
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Apr – 2022, Feb) Leading Players
Chapter 4. North America Cloud Managed Services Market by Enterprise Size
4.1 North America Large Enterprises Market by Country
4.2 North America Small & Medium Enterprises (SMEs) Market by Country
Chapter 5. North America Cloud Managed Services Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America IT & Telecom Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America Government Market by Country
5.5 North America Retail Market by Country
5.6 North America Healthcare Market by Country
5.7 North America Energy & Utilities Market by Country
5.8 North America Others Market by Country
Chapter 6. North America Cloud Managed Services Market by Service Type
6.1 North America Managed Infrastructure Services Market by Country
6.2 North America Managed Network Services Market by Country
6.3 North America Managed Security Services Market by Country
6.4 North America Managed Communication & Collaboration Services Market by Country
6.5 North America Managed Business Services Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Cloud Managed Services Market by Country
7.1 US Cloud Managed Services Market
7.1.1 US Cloud Managed Services Market by Enterprise Size
7.1.2 US Cloud Managed Services Market by Vertical
7.1.3 US Cloud Managed Services Market by Service Type
7.2 Canada Cloud Managed Services Market
7.2.1 Canada Cloud Managed Services Market by Enterprise Size
7.2.2 Canada Cloud Managed Services Market by Vertical
7.2.3 Canada Cloud Managed Services Market by Service Type
7.3 Mexico Cloud Managed Services Market
7.3.1 Mexico Cloud Managed Services Market by Enterprise Size
7.3.2 Mexico Cloud Managed Services Market by Vertical
7.3.3 Mexico Cloud Managed Services Market by Service Type
7.4 Rest of North America Cloud Managed Services Market
7.4.1 Rest of North America Cloud Managed Services Market by Enterprise Size
7.4.2 Rest of North America Cloud Managed Services Market by Vertical
7.4.3 Rest of North America Cloud Managed Services Market by Service Type
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Hewlett Packard Enterprise Company
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Ericsson AB
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Geographical Expansions:
8.4 Cisco Systems, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 Atos Group
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.5.4.3 Acquisition and Mergers:
8.5.5 SWOT Analysis
8.6 Accenture PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Fujitsu Limited (Fujitsu Optical Components Limited)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Infosys Limited (EdgeVerve Systems)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 NTT Data Corporation
8.9.1 Company overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.5.4 Geographical Expansions:
8.9.6 SWOT Analysis
8.10. Amazon Web Services, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Acquisition and Mergers:
TABLE 1 North America Cloud Managed Services Market, 2017 - 2020, USD Million
TABLE 2 North America Cloud Managed Services Market, 2021 - 2027, USD Millionz
TABLE 3 Partnerships, Collaborations and Agreements – Cloud Managed Services Market
TABLE 4 Acquisition and Mergers – Cloud Managed Services Market
TABLE 5 Product Launches and Product Expansions – Cloud Managed Services Market
TABLE 6 Geographical expansions – Cloud Managed Services Market
TABLE 7 North America Cloud Managed Services Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 8 North America Cloud Managed Services Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 9 North America Large Enterprises Market by Country, 2017 - 2020, USD Million`
TABLE 10 North America Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Cloud Managed Services Market by Vertical, 2017 - 2020, USD Million
TABLE 14 North America Cloud Managed Services Market by Vertical, 2021 - 2027, USD Million
TABLE 15 North America BFSI Market by Country, 2017 - 2020, USD Million
TABLE 16 North America BFSI Market by Country, 2021 - 2027, USD Million
TABLE 17 North America IT & Telecom Market by Country, 2017 - 2020, USD Million
TABLE 18 North America IT & Telecom Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Manufacturing Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Manufacturing Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Government Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Government Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Retail Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Retail Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Energy & Utilities Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Energy & Utilities Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Cloud Managed Services Market by Service Type, 2017 - 2020, USD Million
TABLE 32 North America Cloud Managed Services Market by Service Type, 2021 - 2027, USD Million
TABLE 33 North America Managed Infrastructure Services Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Managed Infrastructure Services Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Managed Network Services Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Managed Network Services Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Managed Security Services Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Managed Security Services Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Managed Communication & Collaboration Services Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Managed Communication & Collaboration Services Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Managed Business Services Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Managed Business Services Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Cloud Managed Services Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Cloud Managed Services Market by Country, 2021 - 2027, USD Million
TABLE 47 US Cloud Managed Services Market, 2017 - 2020, USD Million
TABLE 48 US Cloud Managed Services Market, 2021 - 2027, USD Million
TABLE 49 US Cloud Managed Services Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 50 US Cloud Managed Services Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 51 US Cloud Managed Services Market by Vertical, 2017 - 2020, USD Million
TABLE 52 US Cloud Managed Services Market by Vertical, 2021 - 2027, USD Million
TABLE 53 US Cloud Managed Services Market by Service Type, 2017 - 2020, USD Million
TABLE 54 US Cloud Managed Services Market by Service Type, 2021 - 2027, USD Million
TABLE 55 Canada Cloud Managed Services Market, 2017 - 2020, USD Million
TABLE 56 Canada Cloud Managed Services Market, 2021 - 2027, USD Million
TABLE 57 Canada Cloud Managed Services Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 58 Canada Cloud Managed Services Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 59 Canada Cloud Managed Services Market by Vertical, 2017 - 2020, USD Million
TABLE 60 Canada Cloud Managed Services Market by Vertical, 2021 - 2027, USD Million
TABLE 61 Canada Cloud Managed Services Market by Service Type, 2017 - 2020, USD Million
TABLE 62 Canada Cloud Managed Services Market by Service Type, 2021 - 2027, USD Million
TABLE 63 Mexico Cloud Managed Services Market, 2017 - 2020, USD Million
TABLE 64 Mexico Cloud Managed Services Market, 2021 - 2027, USD Million
TABLE 65 Mexico Cloud Managed Services Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 66 Mexico Cloud Managed Services Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 67 Mexico Cloud Managed Services Market by Vertical, 2017 - 2020, USD Million
TABLE 68 Mexico Cloud Managed Services Market by Vertical, 2021 - 2027, USD Million
TABLE 69 Mexico Cloud Managed Services Market by Service Type, 2017 - 2020, USD Million
TABLE 70 Mexico Cloud Managed Services Market by Service Type, 2021 - 2027, USD Million
TABLE 71 Rest of North America Cloud Managed Services Market, 2017 - 2020, USD Million
TABLE 72 Rest of North America Cloud Managed Services Market, 2021 - 2027, USD Million
TABLE 73 Rest of North America Cloud Managed Services Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 74 Rest of North America Cloud Managed Services Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 75 Rest of North America Cloud Managed Services Market by Vertical, 2017 - 2020, USD Million
TABLE 76 Rest of North America Cloud Managed Services Market by Vertical, 2021 - 2027, USD Million
TABLE 77 Rest of North America Cloud Managed Services Market by Service Type, 2017 - 2020, USD Million
TABLE 78 Rest of North America Cloud Managed Services Market by Service Type, 2021 - 2027, USD Million
TABLE 79 Key information – IBM Corporation
TABLE 80 key information – Hewlett Packard Enterprise Company
TABLE 81 key information – Ericsson AB
TABLE 82 Key Information – Cisco Systems, Inc.
TABLE 83 key information – Atos Group
TABLE 84 Key information – Accenture PLC
TABLE 85 Key Information – Fujitsu Limited
TABLE 86 Key Information – Infosys Limited
TABLE 87 Key Information – NTT Data Corporation
TABLE 88 Key Information – Amazon Web Services, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Apr – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Recent strategies and developments: Hewlett-Packard Enterprise Company
FIG 8 SWOT analysis: Hewlett-Packard enterprise Company
FIG 9 Recent strategies and developments: Ericsson AB
FIG 10 Recent strategies and developments: Cisco Systems, Inc.
FIG 11 Recent strategies and developments: Atos Group
FIG 12 SWOT Analysis: Atos Group
FIG 13 Recent strategies and developments: Accenture PLC
FIG 14 Swot analysis: Accenture plc
FIG 15 SWOT Analysis: Fujitsu Limited
FIG 16 Recent strategies and developments: Infosys Limited
FIG 17 SWOT Analysis: Infosys Limited
FIG 18 Recent strategies and developments: NTT Data Corporation
FIG 19 SWOT Analysis: NTT Data Corporation
FIG 20 Recent strategies and developments: Amazon Web Services, Inc.