Global Managed Cloud Services Market to Surpass US$164 Billion by 2030, Driven by Hybrid Cloud, AI Automation, and Regulatory Demands
TechMarket Experts, a unit of Industry Experts, Inc., has released its latest study, Managed Cloud Services (MCS) - A Global Market Overview , revealing that global revenues are projected to rise from US$73.9 billion in 2024 to US$164.5 billion by 2030, expanding at a CAGR of 14.3% during the period. Growth is being driven by escalating IT complexity, the global shortage of skilled cloud professionals, and rising adoption of AI/ML and edge computing. Organizations are increasingly outsourcing cloud management not only for cost efficiency but also to accelerate innovation, ensure regulatory compliance, and enable resilient hybrid and multi-cloud operations. According to this new report, North America remains the largest regional market, accounting for 44.8% of global revenues in 2024 and projected to reach US$69 billion by 2030, supported by mature cloud infrastructure, high enterprise cloud penetration, and the presence of key hyperscalers such as AWS, Microsoft Azure, a...