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Broadband

Managed cloud services market to grow at 18% 5-year CAGR to USD 63 bln

Monday 27 November 2017 | 17:11 CET | News
The worldwide managed cloud services market will grow at a five-year compound annual growth rate (CAGR) of nearly 18 percent with spending reaching USD 62.8 billion in 2021, according to a study by IDC. The managed cloud services market is creating fundamental changes in the outsourcing industry involving the entrance of new providers, partnership ecosystems, investment requirements and opportunities, researchers noted. It also brings with it some critical challenges to players shifting from a world of non-cloud (legacy) outsourcing to managed cloud services.

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Categories: Fixed
Countries: World
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