On the basis of deployment type, the cloud-managed service market is segmented into the public and private cloud. Among these two segments, public cloud occupies a larger share in the cloud managed service market across the globe.

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The cloud-managed service market on the basis of end user is categorized into government, retail & consumer, telecom & ITES, education, manufacturing & automotive, healthcare and others. Among all these segments, adoption of cloud managed services in the retail & consumer segment is expected to witness the highest market growth during the forecast period.

Increasing adoption of internet of things devices and increasing adoption of cloud services among various small and medium enterprises in both developed as well as developing economies are the key factors driving the growth of cloud managed service market across the globe.

Cloud managed service market in North America is anticipated to generate the largest revenue throughout the estimated period. The extensive growth of cloud managed service market in this region is attributed towards increasing deployment of data centers and the higher adoption rate for cloud computing technology in this region.

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Key players in cloud managed service market is launching new products and entering into mergers and acquisitions agreements in order to expand their product portfolio and gain competitive advantage. Some of the key players in the cloud managed service market include Accenture, Vodafone, Huawei, Alcatel-Lucent S.A., Fujitsu Ltd., Ericsson, IBM Corporation, Cisco Systems, Inc., and NEC Corporation.

Source: VynZ Research