COVID-19 Pandemic Accelerates Growth Opportunities for Managed Cloud Service
Growth opportunities in the managed cloud services market
In the wake of the COVID-19 pandemic, as the world transitioned to remote work and remote learning, digital transformation came to the forefront of urgent enterprise priorities. Most industries across regions underwent several years of digital transformation in just a few months. Cloud technologies have been a huge beneficiary of this shift. However, as the complexity and urgency of cloud deployments and application modernization increase, resource-strapped enterprise IT are turning to third-party cloud managed services providers for help and direction.
According to the 2020 Frost & Sullivan research, nearly two-thirds of businesses worldwide have invested in some sort of managed cloud services, with another 25% planning to add or expand their use of such services in the next two years. In this report, we delve into how the market for managed cloud services market has evolved over the years, the factors that will help this market grow, key challenges for service providers in this market and growth opportunities for the future. In a separate report, we will take a closer look at the competitive landscape and key players in this space.
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