Cloud Managed Services Market: Trends, Benefits, and Growth Insights
The Global Cloud Managed Services Market Size was valued at USD 47.24 Billion in 2021 and is expected to reach USD 126.45 billion by 2030, growing at a CAGR of 13.2% during 2021-2030. The practice of outsourcing IT resources and administration that are used in the cloud. One of the key factors propelling the market's growth is the rising desire from businesses to reduce operational and infrastructure costs to manage business processes.