Cloud computing is an emerging technology in the IT industry for the sharing of resources in order to achieve higher utilization of IT resources. Companies are adopting new technologies, such as internet of things (IoT), artificial intelligence, and mobile app hosting, in order to streamline the development and networking process. Cloud computing offers internet services to any employee of a company with high scale computing power. Cloud networking is a term describing the centralized access of all networking resources using wide area networking. In organizations, there different applications runs on server such as network management, virtual desktop, voice over internet protocol (VoIP), and unified network. Managed cloud networking platform offers security and privacy in data transmission and it also provides the high availability of data to accessible to user all the time. Managed cloud platform allows enterprises to shift their entire network process on cloud computing in order to maintain the network performance on cloud networking. Enterprises are expected to adopt private cloud and public cloud platform to improve their data transmission and performance of communication network. Several companies are offering a managed cloud platform for development, deployment, and management of applications.
Rise in demand for cloud networking in order to improve productivity and simplify the deployment of the application is projected to drive the market. Managed cloud networking platform simplifies networking by reducing complexity and cost of distributed deployments of organization. Cloud networking creates an opportunity for companies to reduce capital expenses on IT networking resources. All data transmitted on cloud network is likely to pose a threat of confidential information leakage, security, and privacy issues for companies. This, in turn, is expected to restrain the managed cloud networking platform market. Several solution providers create opportunities by offering services to developers to create, run, manage, and deploy applications for both on-premises and public cloud environment. Companies are expected to adopt managed cloud platform with advanced features such as hosting, elastic computing, relational database (SQL), object storage, and artificial intelligence. These features are expected to set a new trend in cloud computing application.
The global managed cloud networking platforms market can be segmented based on services type, cloud deployment, enterprise size, end-user, and region. Based on services type, the managed cloud networking platforms market can be classified into business, security, mobility, network, and data center. Based on cloud deployment, the market can be segregated into public and private cloud. Based on enterprise size, the managed cloud networking platforms market can be bifurcated into small-medium enterprises and large enterprises. In terms of end-user, the managed cloud networking platforms market can be divided into telecom and ITES, banking, financial services & insurance (BFSI), healthcare, government & education, retail & consumer, manufacturing & automotive, and media & entertainment.
Based on region, the managed cloud networking platforms market can be segmented into Europe, North America, Middle East & Africa, Asia Pacific, and South America. North America is expected to account for a prominent share of the managed cloud networking platforms market, in terms of revenue, primarily due to the presence of major technology IT companies and an increase in the demand for managed cloud networking for enterprises in the region. Additionally, higher rate of adoption of technology by companies in the region is expected to create a considerable customer base for solution providers. Asia Pacific is expected to be a rapidly expanding market for managed cloud networking platforms due to the surge in adoption of managed cloud networking services in small- and medium-sized enterprises, which in turn is expected to drive the managed cloud networking platforms market in the region. Additionally, rise in investment by Google and IBM in managed cloud services is anticipated to propel the managed cloud networking platforms market in the region.
Key players operating in the managed cloud networking platforms market include Aerohive Networks, Inc., Cisco Systems, Inc., NaviSite Europe ltd, Accenture plc, Interoute Communications Limited, Alcatel-Lucent S.A., Huawei Technologies, International Business Machines (IBM) Corporation, Ericsson, Fujitsu Ltd., NEC Corporation, and NTT Data Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.