North America Cloud Managed Network Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Vertical, By Organization size (Large Enterprises and SMEs), By Deployment Mode, By Country and Growth Forecast, 2022 - 2028
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.
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
- Solution
- Services
- IT & ITeS
- BFSI
- Manufacturing
- Retail & Ecommerce
- Media & Entertainment
- Healthcare & Life Sciences
- Transportation & Logistics
- Energy & Utilities
- Others
- Large Enterprises
- SMEs
- Public Cloud
- Private Cloud
- US
- Canada
- Mexico
- Rest of North America
- 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.
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- 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
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