Global Cloud Managed Network Market Size, Share, and COVID-19 Impact Analysis, By Cloud Deployment (Public and Private), By Enterprise Size (Large Enterprises and SMEs), By End User (Telecom & ITES, Government, BFSI, Retail & Consumer, Healthcare, Manufacturing & Automotive and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Cloud Managed Network Market Insights Forecasts To 2033

• The Global Cloud Managed Network Market Size was Estimated at USD 27.43 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 13.48% from 2023 to 2033
• The Worldwide Cloud Managed Network Market Size is Expected to Reach USD 97.14 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The global cloud managed network market size was worth around USD 27.43 Billion in 2023 and is predicted to grow to around USD 97.14 Billion by 2033 with a compound annual growth rate (CAGR) of 13.48% between 2023 and 2033. The cloud managed network market is fueled by increasing cloud adoption, remote and hybrid work culture trends, growth in demand for scalable and secure network infrastructure, growing IoT adoption, and innovation in AI-based automation that improves network performance, cuts costs, and streamlines IT administration.

Market Overview

The cloud managed network industry includes solutions and services that facilitate organizations to control their network infrastructure like routers, switches, access points, and firewalls remotely through cloud platforms. These networks provide centralized control, scalability, real-time monitoring, and greater security, which lowers the complexity and expense of conventional network administration. Government authorities are using cloud-managed networks to improve cybersecurity, simplify public services, and facilitate remote worker operations. The growing uptake of cloud networking technologies in these industries is driving market growth. The exponential expansion of IoT devices is driving the demand for intelligent, efficient network management solutions. Because IoT use cases like smart buildings, industrial automation, and asset tracking rely on secure connectivity, real-time monitoring, and robust security, cloud-managed networks are becoming crucial. These solutions provide centralized management and visibility across all devices connected, which simplifies it for organizations to handle complicated IoT environments. As more and more industries adopt IoT, demand for scalable and secure cloud-managed networks will continue to increase, driving increased market growth.

Report Coverage

This research report categorizes the cloud managed network market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the cloud managed network market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the cloud managed network market.

Driving Factors

Small and medium-sized businesses, as well as large enterprises, are now moving to the cloud for cost savings, flexibility, and agility. This transformation fuels the demand for cloud-managed networks that provide centralized management, simplified operations, and integration with cloud-hosted applications to support faster deployment and better performance of enterprise-class IT infrastructure. Moreover, with increased cyber threats and rigid compliance requirements, organizations are seeking cloud-managed networks offering comprehensive security capabilities including firewalls, intrusion detection, and data encryption. Such offerings provide regulatory compliance and breach risk reduction, combined with centralized visibility and incident-response speed.

Restraining Factor

Most organizations are reluctant to adopt cloud-managed networks because of fears of data breaches, unauthorized access to sensitive information, and control loss over sensitive data. This is particularly important in sectors such as healthcare and finance, where data confidentiality and regulatory compliance are paramount and stringently regulated by statutory instruments. Further, the increasing need for cloud-managed networks has outpaced the expert talent available for rollout, monitoring, and security. Most organizations have difficulty locating or hiring cloud architecture, cybersecurity, and network automation experts to effectively implement and continuously optimize such intricate systems.

Market Segmentation

The cloud managed network market share is classified into a cloud deployment, enterprise size, and end user.

• The public segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the cloud deployment, the cloud managed network market is divided into public and private. Among these, the public segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is driven by public cloud services generally have lower initial expenses and elastic, pay-as-you-go pricing models, which appeal to a broad array of businesses wishing to minimize capital spending on IT infrastructure. Public clouds such as AWS, Microsoft Azure, and Google Cloud enable enterprises to rapidly scale network resources up or down in step with demand, which is vital for the management of variable loads and growth.

• The large enterprises segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the enterprise size, the cloud managed network market is divided into large enterprises and SMEs. Among these, the large enterprises segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to large businesses tend to be spread across several locations and geographies, and hence they need sophisticated network infrastructure for reliable connectivity, security, and performance. Cloud-managed networks provide centralized management and scalability that is suitable for such environments. Large businesses are early adopters of new technologies such as hybrid cloud, SD-WAN, and network management through automation and hence are natural adopters of cloud-managed networking solutions.

• The telecom & ITES segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end user, the cloud managed network market is divided into telecom & ITES, government, BFSI, retail & consumer, healthcare, manufacturing & automotive, and others. Among these, the telecom & ITES segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is attributed to telecom and ITES firms needing extremely scalable and trustworthy networks to host huge data transmission, cloud services, and customer-facing applications. Cloud-managed networks provide centralized control, automation, and real-time monitoring and are thus best suited for this industry.

Regional Segment Analysis of the Cloud Managed Network Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the cloud managed network market over the predicted timeframe.

North America is anticipated to hold the largest share of the cloud managed network market over the predicted timeframe. North America, particularly the U.S., boasts a mature IT infrastructure with extensive enterprise cloud penetration. Global technology giants such as AWS, Cisco, and Microsoft have their presence here, providing high-performance managed network services that establish regional market leadership. The region houses prominent industry players, Cisco, HPE, IBM, and others who influence innovation and early adoption of advanced managed network offerings. Their well-established customer base and speedy technology deployment lead to market leadership.

Asia Pacific is expected to grow at a rapid CAGR in the cloud managed network market during the forecast period. APAC governments and businesses are speeding up digital transformation across industries. India, China, and Southeast Asia are developing their IT infrastructure, creating a high demand for scalable and affordable cloud-managed networking solutions. APAC boasts a thriving SME and startup culture, particularly in fintech, e-commerce, and edtech. These companies tend to use cloud-managed networks to escape high infrastructure expenses, fueling regional market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the cloud managed network market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Accenture
• Tata Communications Limited
• IBM
• Microsoft
• Rackspace Technology
• Infosys Limited
• NTT DATA Group Corporation
• Spark NZ
• Cisco Systems, Inc.
• Locuz
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2024, Airtel Business and Cisco launched the Airtel Software-Defined (SD) Branch, a cloud-managed network solution optimized for businesses. Based on Cisco Meraki technology, the solution provides centralized management of LAN, WAN, and security, reducing network complexity and improving application performance.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cloud managed network market based on the below-mentioned segments: 

Global Cloud Managed Network Market, By Cloud Deployment

• Public
• Private

Global Cloud Managed Network Market, By Enterprise Size

• Large Enterprises
• SMEs

Global Cloud Managed Network Market, By End User

• Telecom & ITES
• Government
• BFSI
• Retail & Consumer
• Healthcare
• Manufacturing & Automotive
• Others

Global Cloud Managed Network Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa