FRAMINGHAM, Mass.--(BUSINESS WIRE)--In a newly published study, International Data Corporation (IDC) forecasts that the worldwide managed cloud services market will grow at a five-year compound annual growth rate (CAGR) of nearly 18% with spending reaching $62.8 billion in 2021.
"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, though also bringing with it some critical challenges to players shifting from a world of non-cloud (legacy) outsourcing to managed cloud services," said David Tapper, vice president, IDC's Outsourcing and Managed Cloud Services program.
IDC's study, Worldwide Managed Cloud Services Forecast, 2017-2021: An Extraction View of Technology Outsourcing Services Markets (IDC # US41967817), provides a forecast of managed cloud services involving private, public, and hybrid markets across eight major regions. The study also includes advice to providers of IT services, an analysis of market and industry trends by key managed cloud services markets and regions, key market drivers and inhibitors, and significant market developments.
"From a market perspective, the increased buyer adoption of managed cloud services and evolution to mature users of these services will translate to a substitution effect that not only displaces traditional outsourced-managed services but requires providers to make fundamental changes to their business operations," Tapper said.
About IDC
International Data Corporation (IDC) is the
premier global provider of market intelligence, advisory services, and
events for the information technology, telecommunications, and consumer
technology markets. With more than 1,100 analysts worldwide, IDC offers
global, regional, and local expertise on technology and industry
opportunities and trends in over 110 countries. IDC's analysis and
insight helps IT professionals, business executives, and the investment
community to make fact-based technology decisions and to achieve their
key business objectives. Founded in 1964, IDC is a wholly-owned
subsidiary of International Data Group (IDG),
the world's leading media, data and marketing services company that
activates and engages the most influential technology buyers. To learn
more about IDC, please visit www.idc.com.
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