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IBM Corporation and Cisco Systems another Top Market Player Catering the Cloud Managed Services Market
Cloud managed services show an increasing trend in adoption by companies across the globe in order to reduce the rising costs and to standardize the business processes across the organization. Thus, due to the increase in digitization and mobility among enterprises, the cloud managed services providers are increasing their efforts to boost their revenues. Cloud managed services include managed business, network, security, data center, and mobility services. Cisco Systems, Ericsson, Huawei Technologies, IBM Corporation, and NTT Data Corporation are some of the top key players in the cloud managed services market. Such market players are engaging in various partnerships and agreements, as they help companies to expand in new areas to increase their sales managing their auxiliary services. Strategic acquisition is another important strategy adopted by the market players providing companies with greater capital and resources, helping them invest more in research and development to develop new services and gain traction in the cloud managed services market.
Cisco Systems, with great prominence in the managed services market space around the globe, is aspiring to become the top market provider of cloud managed services specializing in business and network services. The company provides disaster recovery as a service, unified workspace services, managed services for data centre, and managed services for security as well. In March 2016, Cisco acquired Jasper enhancing its cloud-based Internet of Things (IoT) service platform enabling its customers to rapidly and cost-effectively launch, manage, and monetize IoT services. In October 2013, Cisco acquired Sourcefire, a prominent provider of intelligent cyber security solutions and services. This acquisition helped Cisco provide more comprehensive advanced threat protection solutions and services.
IBM Corporation is another top market player catering the cloud managed services market and provides workspace services, business resiliency services, network managed services, mobility services, and security services. The company has a huge focus on strategic acquisition and expansion strategies to maintain its leadership in the market. In March 2016, IBM announced its Bluemix Garage in Nice, France assisting European organizations and industries in the development and design of next-generation apps on IBM Cloud. In the same month, IBM announced its plan to acquire Bluewolf Group LLC, a prominent company in cloud consulting and implementation services.
Cloud Managed Services Market by Managed Services (Business Service, Network Services, Security Services, Data Center Services, Mobility Services), by Deployment, by Organization Size, by Industry Application & by Region - Global Forecast to 2021
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