Cloud Managed Services - Global Market Outlook (2017-2023)

NEW YORK , Aug. According to Stratistics MRC, the Global Cloud Managed Services market is expected to grow from $25.49 billionin 2016 to reach $69.87 billionby 2023 with a CAGR of 15.5%. Increasing adoption of cloud technologies among all the end users, cost efficient services, and recent technological advancements are some of the factors propelling the market growth. In addition, raising demand from small and medium enterprises for managed services is another factor bolstering the market growth