Cloud Managed Services Market worth $139.4 billion by 2026

CHICAGO, Dec. 14, 2021 /PRNewswire/ — According to a research report “Cloud Managed Services Market with COVID-19 Impact, by Service Type (Managed Business, Managed Network, Managed Security, Managed Infrastructure, and Managed Mobility), Organization Size, Vertical, and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the Cloud Managed Services Market size is expected to grow from USD 86.1 billion in 2021 to USD 139.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

Cloud managed services, such as mobility services, security services, and data services, are provided to the organizations by MSPs for handling their various business activities. Hence, cloud managed services would ensure organizations are…