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$53.78 Billion Cloud Managed Services Market 2017 - Global Forecast to 2022 - Research and MarketsDUBLIN, June 6, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Cloud Managed Services Market by Service Type , Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022" report to their offering.  The cloud managed services market is expected to grow from USD 27.15 Billion in 2017 to USD 53.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.6%. Increasing ICT spending and growing trend of big data analytics, increasing adoption of managed services by SMEs, and need for companies to focus on their core business are the major drivers of this market. Private cloud-based deployments is gaining high traction in the market as it provides better control of the data and can reduce the risk of loss of data and issues connected to the regulatory compliance. Moreover, due its seamless benefits such as organization control, cost and energy efficiency, and improved reliability, companies prefer to deploy private cloud in their environment. Large enterprises had the highest market size, whereas, SMEs are expected to gain high traction of cloud managed service during the forecast period of 2017-2022. Unlike large enterprises, SMEs have resource crunch and need to manage their processes with limited budget. Managed services help them to outsource their less important activities and focus on their core business requirements. Furthermore, security and compliance, reduction in downtime are some of the major benefits small enterprises are experiencing through the adoption of managed services. Market Dynamics Drivers
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For more information about this report visit http://www.researchandmarkets.com/research/6qnk8g/cloud_managed Media Contact: Research and Markets 
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