Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Service Type (Managed Security Services, Managed Network Services, Managed Infrastructure Services, Managed Communication & Collaboration Services, Managed Mobility Services, Managed Business Services), By Security Services (Managed Identity & Access Management, Managed Antivirus/Anti-Malware, Managed Firewall, Managed Risk & Compliance Management, Managed Vulnerability Management, Managed Security Information & Event Management, Managed Intrusion Detection System/Intrusion Prevention System, Managed Data Loss Prevention), By Network Services (Managed Network Provisioning, Managed Network Monitoring & Management), By Infrastructure Services (Storage Management, Server Management, Managed Print Services), By Managed Communication & Collaboration Services (Managed Voice Over Internet Protocol, Managed Unified Communication as a Service), By Managed Mobility Services (Device Management Services, Application Management Services), By Managed Business Services (Business Process Services, Continuity & Disaster Recovery Services, Other Managed Business Services), By Organization Size (SMEs, Large Enterprises) And Competitive Landscape
Product Code: ETC4610176 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Cloud Managed Services Market |
Forecast period | 2024-2030 |
CAGR | 14.2% |
Growing Sector | Managed Security Service |
Europe Cloud Managed Services Market report thoroughly covers the Market By Countries, By Service Type, By Security Services, By Network Services, By Infrastructure Services, By Managed Communication & Collaboration Services, By Managed Mobility Services, By Managed Business Services, By Organization Size. The Market outlook report provides an unbiased and detailed analysis of the ongoing market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Cloud Managed Services Market is positioned for notable growth as businesses increasingly adopt cloud technologies to enhance operational efficiency and reduce costs. Driven by the demand for scalable and flexible IT solutions, organizations across various sectors are utilizing managed services to optimize their cloud infrastructure. Key trends in the market include an increasing focus on cybersecurity, the emergence of hybrid cloud solutions, and the integration of artificial intelligence in service management. With substantial investments in digital transformation and a broadening range of service offerings, the region is set to become a leading hub for cloud managed services, attracting both established providers and new entrants to address the evolving requirements of enterprises.
According to 6Wresearch, Europe Cloud Managed Services Market size is expected to reach a CAGR of 14.2% during the forecast period of 2024-2030. Europe Cloud Managed Services Market growth is anticipated as businesses increasingly shift towards cloud-based solutions, driven by the need for improved agility, scalability, and cost-efficiency in their operations. As organizations continue to embrace digital transformation and leverage advanced technologies, such as AI and machine learning, the demand for reliable and secure cloud managed services is poised for substantial enhancement, making it a key area of focus for both existing players and new entrants in the market. The market is preparing for significant growth in the coming years, with the highest demand for Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) offerings.
However, one of the primary concerns for businesses when migrating to the cloud is maintaining data security. As more sensitive information is stored and accessed through cloud services, there has been an increased focus on cybersecurity solutions. This has led to a surge in demand for managed security services that provide round-the-clock monitoring and protection against cyber threats. Managed identity and access management, threat intelligence, and vulnerability management are some key security services that are expected to experience high adoption rates over the forecast period.
Europe Cloud Managed Services market is significantly influenced by various governmental policies and initiatives aimed at promoting digital transformation and fostering innovation. The European Union has established frameworks such as the Digital Europe Programme, which allocates funding to support the widespread adoption of cloud services, focusing on enhancing digital skills and fostering infrastructure development. Additionally, the General Data Protection Regulation (GDPR) has set stringent data protection standards that cloud service providers must adhere to, thereby ensuring the security and privacy of user data in the cloud landscape. Several member states are also introducing tax incentives and grants to encourage businesses to transition to cloud-based solutions and achieve their claim in the global market which is anticipated to drive growth. As governments continue to prioritize technological advancements, these policies will be crucial in shaping the future of cloud managed services in Europe.
The key players operating in the Europe Cloud Managed Services market include Amazon Web Services, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise (HPE), Cisco Systems, Accenture PLC, Rackspace Hosting Inc., Fujitsu Ltd., and NTT Data Corporation. These companies are continuously investing in research and development to expand their service offerings and cater to the evolving needs of businesses in the region. Strategic partnerships and collaborations with other players in the industry are also common as companies aim to enhance their market presence and gain a competitive edge.
Europe Cloud Managed Services market is undergoing transformative changes, influenced by new technologies and evolving client demands. The integration of advanced technologies such as artificial intelligence, machine learning, and edge computing is expected to enhance service offerings, providing businesses with even more robust and efficient solutions. Additionally, the growing emphasis on sustainability and green IT practices will drive providers to adopt eco-friendly solutions, aligning with the European Union's goals for carbon neutrality. As businesses continue to prioritize remote and flexible working environments, the demand for tailored cloud managed services will escalate, pushing providers to innovate consistently. Furthermore, as regulatory frameworks evolve, the focus on compliance and data sovereignty will become increasingly prominent, requiring service providers to adapt swiftly to ensure they meet the legal standards. Hence, the future of Europe Cloud Managed Services market size looks promising, brimming with opportunities for growth and innovation.
According to Ravi Bhandari, Research Head, 6Wresearch Device Management Services hold the top position as organizations seek to efficiently manage and secure a growing number of mobile devices. This is further propelled by the rise of bring-your-own-device (BYOD) policies and the need to safeguard sensitive business data.
Germany is leading in the Europe Cloud Managed Services market. This leadership is driven by its robust industrial sector and high digitalization rate. Organizations in Germany are increasingly adopting cloud solutions to enhance operational efficiency and support their transition towards Industry 4.0. The German government's initiatives to promote digital innovation further bolster market growth, creating a conducive environment for cloud service providers.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Cloud Managed Services Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Cloud Managed Services Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Cloud Managed Services Market - Industry Life Cycle |
3.4 Europe Cloud Managed Services Market - Porter's Five Forces |
3.5 Europe Cloud Managed Services Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Cloud Managed Services Market Revenues & Volume Share, By Service Type, 2020 & 2030F |
3.7 Europe Cloud Managed Services Market Revenues & Volume Share, By Security Services, 2020 & 2030F |
3.8 Europe Cloud Managed Services Market Revenues & Volume Share, By Network Services, 2020 & 2030F |
3.9 Europe Cloud Managed Services Market Revenues & Volume Share, By Infrastructure Services, 2020 & 2030F |
3.10 Europe Cloud Managed Services Market Revenues & Volume Share, By Managed Communication & Collaboration Services, 2020 & 2030F |
3.11 Europe Cloud Managed Services Market Revenues & Volume Share, By Managed Mobility Services, 2020 & 2030F |
3.12 Europe Cloud Managed Services Market Revenues & Volume Share, By Managed Business Services, 2020 & 2030F |
4 Europe Cloud Managed Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Cloud Managed Services Market Trends |
6 Europe Cloud Managed Services Market, 2020 - 2030 |
6.1 Europe Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
6.2 Europe Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
6.3 Europe Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
6.4 Europe Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
6.5 Europe Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
6.6 Europe Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
6.7 Europe Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
6.8 Europe Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
7 Germany Cloud Managed Services Market, 2020 - 2030 |
7.1 Germany Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
7.2 Germany Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
7.3 Germany Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
7.4 Germany Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
7.5 Germany Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
7.6 Germany Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
7.7 Germany Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
7.8 Germany Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
8 United Kingdom Cloud Managed Services Market, 2020 - 2030 |
8.1 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
8.2 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
8.3 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
8.4 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
8.5 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
8.6 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
8.7 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
8.8 United Kingdom Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
9 France Cloud Managed Services Market, 2020 - 2030 |
9.1 France Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
9.2 France Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
9.3 France Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
9.4 France Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
9.5 France Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
9.6 France Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
9.7 France Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
9.8 France Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
10 Italy Cloud Managed Services Market, 2020 - 2030 |
10.1 Italy Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
10.2 Italy Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
10.3 Italy Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
10.4 Italy Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
10.5 Italy Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
10.6 Italy Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
10.7 Italy Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
10.8 Italy Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
11 Russia Cloud Managed Services Market, 2020 - 2030 |
11.1 Russia Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
11.2 Russia Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
11.3 Russia Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
11.4 Russia Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
11.5 Russia Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
11.6 Russia Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
11.7 Russia Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
11.8 Russia Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
12 Spain Cloud Managed Services Market, 2020 - 2030 |
12.1 Spain Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
12.2 Spain Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
12.3 Spain Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
12.4 Spain Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
12.5 Spain Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
12.6 Spain Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
12.7 Spain Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
12.8 Spain Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
13 Rest of Europe Cloud Managed Services Market, 2020 - 2030 |
13.1 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Service Type, 2020 - 2030 |
13.2 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Security Services, 2020 - 2030 |
13.3 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Network Services, 2020 - 2030 |
13.4 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Infrastructure Services, 2020 - 2030 |
13.5 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Managed Communication & Collaboration Services, 2020 - 2030 |
13.6 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Managed Mobility Services, 2020 - 2030 |
13.7 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Managed Business Services, 2020 - 2030 |
13.8 Rest of Europe Cloud Managed Services Market, Revenues & Volume, By Organization Size, 2020 - 2030 |
14 Europe Cloud Managed Services Market Key Performance Indicators |
15 Europe Cloud Managed Services Market - Opportunity Assessment |
15.1 Europe Cloud Managed Services Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Cloud Managed Services Market Opportunity Assessment, By Service Type, 2020 & 2030F |
15.3 Europe Cloud Managed Services Market Opportunity Assessment, By Security Services, 2020 & 2030F |
15.4 Europe Cloud Managed Services Market Opportunity Assessment, By Network Services, 2020 & 2030F |
15.5 Europe Cloud Managed Services Market Opportunity Assessment, By Infrastructure Services, 2020 & 2030F |
15.6 Europe Cloud Managed Services Market Opportunity Assessment, By Managed Communication & Collaboration Services, 2020 & 2030F |
15.7 Europe Cloud Managed Services Market Opportunity Assessment, By Managed Mobility Services, 2020 & 2030F |
15.8 Europe Cloud Managed Services Market Opportunity Assessment, By Managed Business Services, 2020 & 2030F |
15.9 Europe Cloud Managed Services Market Opportunity Assessment, By Organization Size, 2020 & 2030F |
16 Europe Cloud Managed Services Market - Competitive Landscape |
16.1 Europe Cloud Managed Services Market Revenue Share, By Companies, 2023 |
16.2 Europe Cloud Managed Services Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |