United States (USA) Cloud Managed Services Market Overview, 2029

United States (USA) Cloud Managed Services Market Overview, 2029

The market for cloud managed services in the United States is expanding rapidly due to the growing need for digital transformation and effective IT management across a variety of industries. Numerous services are available in this industry, such as managed networks, managed mobility, managed security, and managed IT infrastructure. These services assist companies in cutting expenses, improving security, and streamlining processes. Due to their extensive IT needs and massive data volumes, major corporations are the primary consumers, but small and medium-sized businesses (SMEs) are now increasingly utilizing these services to take advantage of specialized IT assistance and cut costs. IT and telecommunications, banking and financial services (BFSI), healthcare, retail, manufacturing, and government are some of the major industries driving this market expansion. In order to handle particular issues like data security, regulatory compliance, and the requirement for scalable IT solutions, these industries rely on managed services. Prominent industry participants like Fujitsu, Cisco Systems, IBM, AT&T, HP, Microsoft, and Dell Technologies, consistently engage in innovative practices and establish strategic alliances to augment their service portfolios and sustain a competitive edge. The increasing frequency of cyber-attacks is another factor contributing to the market's robust expansion and driving demand for sophisticated managed security services. All things considered, the U.S. market for cloud managed services is expected to grow further, providing enough opportunity for providers to adapt to the changing demands of enterprises in an increasingly digital environment. However, the global market size of Cloud Managed Service Market is approximately USD 100 Billion and it is expected to reach at USD 212 Billion by 2029. The need for cyber security, cost optimisation, and digital transformation and hybrid IT are major factors driving the US market for cloud managed services. In an effort to increase operational agility and efficiency, businesses are embracing hybrid IT environments—which combine cloud services and on-premises equipment. Managed services are now necessary in order to properly optimise and maintain these systems in the increasingly complex and hybrid contexts. Furthermore, managed services provide affordable IT administration options, allowing companies to outsource regular work and concentrate on their core competencies. This is particularly helpful for SMEs, as they sometimes lack the funding necessary to keep up large IT staff. Furthermore, companies must make significant investments in managed security services, which offer cutting-edge security solutions including threat detection, response, and compliance management, due to the increasing sophistication and frequency of cyber-attacks. These are essential services. These services are essential for maintaining regulatory compliance and safeguarding sensitive data.

According to the research report ""US Cloud Managed Service Market Overview, 2029,"" published by Bonafide Research, the US Cloud Managed Service market is anticipated to grow at more than 12.7% CAGR from 2024 to 2029. The cloud managed services industry in the US is divided into a number of service categories, each of which focuses on a distinct facet of IT operations and administration. Managed Business, Managed Network, Managed Security, Managed Infrastructure, and Managed Mobility services are the primary service categories. Every single one of these services is essential to helping businesses increase operational effectiveness, strengthen security, and optimise their IT infrastructure. A broad range of support services are included in managed business services, which let companies simplify their operations and concentrate on their main business tasks. Among these services are managed software-as-a-service (SaaS) apps, managed cloud services, and managed IT support. Organisations may save operating costs, enhance service quality, and take advantage of the newest technology without having to make large upfront expenditures by outsourcing these tasks. Retaining reliable and effective network operations depends on managed network services. These services include managed Wi-Fi, managed VPN, managed LAN/WAN, and network monitoring. Leading competitors in this market include Verizon and AT&T, who provide complete network management solutions that guarantee enterprise networks' high availability, performance, and security. The importance of managed security services (MSS) is rising as a result of the complexity and frequency of cyber-attacks. Among these services are managed threat intelligence, managed firewall, managed intrusion detection/prevention systems (IDS/IPS), and managed security information and event management (SIEM). Advanced MSS solutions from companies like IBM and Cisco enable enterprises to identify, address, and mitigate security risks while maintaining regulatory compliance and safeguarding sensitive data. The administration of an organization's IT infrastructure, which includes servers, storage, and data centres, is a component of managed infrastructure services. Server administration, storage management, and managed data centre services are among the services in this category. These services are provided by vendors like Rack space and Fujitsu to assist businesses in improving the performance, scalability, and stability of their IT operations so they can effectively manage growing workloads and sophisticated applications. In order to ensure safe and effective mobile operations, managed mobility services handle the administration of mobile devices, apps, and data. Device lifecycle management, mobile security management, and mobile application management are some of these services. The increasing prevalence of remote work and mobile workforces has made managed mobility services indispensable for preserving security and productivity in dispersed work settings. Important players include AT&T and Verizon.

In the USA, cloud managed services have grown to be essential for companies of all kinds, serving mostly major corporations and small and medium-sized organisations (SMEs). To increase their total productivity, increase their scalability, and streamline their operations, these end customers rely on cloud managed services. Cloud managed services give small and medium-sized businesses the chance to access enterprise-level technology without having to hire a sizable internal IT department. These companies frequently lack the resources and knowledge necessary to handle complicated IT systems on their own. SMEs may obtain a variety of services, including as infrastructure management, data backup and recovery, security solutions, and round-the-clock technical assistance, by outsourcing their IT management to cloud service providers. However, cloud managed services are also very beneficial to huge organisations in the United States. Even though businesses might have the means to keep up a sizable IT infrastructure in-house, they can concentrate on their main business operations by outsourcing some of their IT operations to cloud service providers. Furthermore, cloud managed services give big businesses access to state-of-the-art technology, flexibility to meet changing needs, and affordable solutions that may spur innovation and competition. When it comes to cloud managed services in the United States, public and private cloud solutions are the main possibilities for implementation. These two deployment options, each with specific benefits and considerations, meet the various demands and preferences of enterprises. Using resources from outside cloud service providers, such Google Cloud Platform (GCP), Microsoft Azure, or Amazon Web Services (AWS), is required for public cloud deployment. The scalability, flexibility, and pay-as-you-go pricing structures of public cloud solutions are generally attractive to small and medium-sized businesses. Without having to make substantial upfront expenditures in hardware or infrastructure upkeep, businesses may quickly deploy apps, get access to cutting-edge technology, and take advantage of economies of scale by using the extensive infrastructure and services provided by public cloud providers. On the other hand, big businesses, especially those with strict security and compliance standards, frequently choose private cloud deployment. Dedicated infrastructure, either on-premises or hosted by a single company, is the basis of private cloud solutions, which offer more security, control, and customisation than public cloud services. Private cloud installations provide unmatched levels of data protection, regulatory compliance, and customisation choices, making them an appealing alternative for enterprises with special needs or legal limit, even if they may need a larger upfront cost and on-going maintenance.

Cloud managed services are being adopted in the USA by a number of industrial sectors, each with its own distinct goals and expectations. The following are some of the major industries where cloud managed services are essential: Cloud managed services are critical to the telecom and IT-enabled services (ITES) industry's capacity to improve network infrastructure, increase scalability, and provide clients with cutting-edge services. Telecom firms may provide new communication services, streamline their IT administration procedures, and optimize their operations with the help of cloud technologies. Cloud managed services are essential for accelerating digital transformation, increasing agility, and improving client experiences in the highly regulated BFSI industry. Cloud solutions are utilized by banks, financial institutions, and insurance businesses to ensure data privacy and security, manage risks, conduct transactions securely, and do data analytics. Cloud managed services are used by retailers and consumer-focused companies to personalize customer interactions, manage inventories effectively, and create seamless Omni channel experiences. Retailers can manage peak loads, gain insights from consumer data analysis, and implement creative marketing tactics to increase sales and foster customer loyalty with the help of cloud technologies. Cloud managed services are being used by a number of different industries, including professional services, healthcare, manufacturing, and education, in addition to these important verticals. While manufacturers use cloud services for supply chain optimization, predictive maintenance, and Internet of Things integration, healthcare organizations use cloud solutions for electronic health records (EHR), telemedicine, and medical imaging. While professional services organizations use cloud solutions for project management, document collaboration, and client engagement, educational institutions benefit from cloud-based learning management systems (LMS), collaboration tools, and student information systems.  

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Cloud Managed Services market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Service Type
• Managed Business Services
• Managed Network Services
• Managed Security Services
• Managed Infrastructure Services
• Managed Mobility Services

By End-user
• SMEs
• Large Enterprises

By Cloud Deployment
• Public
• Private

By Verticals
• Telecom & ITES
• BFSI
• Retail & Consumer
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the cloud managed services industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.