According to a new market research report, "North Africa Cloud Managed Services Market by Service Types (Business Services, Network Services, Security Services, Data Center Services, Mobility Services) - Global Forecast to 2015 - 2020", published by MarketsandMarkets, North Africa Cloud Managed Services Market to grow from USD 1,353.4 Million in 2015 to 3,248.8 Million by 2020, at a CAGR of 19.1% during the forecast period of 2015-2020.
The market report defines and segments the market into various sub-segments of services deployment, end users, verticals, and countries with in-depth analysis and forecasting of revenues. The North Africa Cloud Managed Services Market report also identifies the drivers and restraints of the regional market with insights on trends, opportunities, and challenges.
Organizations across the globe are going digital in every aspect of business operations and organization structure to be able to sustain in the competition. A company can save money while increasing productivity by keeping its IT infrastructure constantly monitored by a dedicated party while still focusing on its core productive areas. Thus, managed services would ensure organizations to be free from the operational failure, maintenance, and breakdown of infrastructure. The trends that accompanied the introduction of cloud technologies have eventually brought down the infrastructure costs of the companies in the recent years. Managed services, today, guarantee organizations a hassle-free management of business, network, security, data centre, and mobility services. The coming years will see an intensification of political, economic, and social reforms in countries such as Algeria, Egypt, and Morocco. The resultant growth fuelled in various industrial sectors is likely to allow managed service providers to cater to the increasing needs of organizations operating in the country. Various MNCs are firmly establishing themselves in Morocco, hiring the country's large talent base and using its close proximity to Europe to create an excellent environment to support work from European organizations at cost-competitive rates.
The ICT trends in in the region suggest an increased adoption of cloud technologies and services by SMBs due to heavy influence from the Eurozone. The European and North African regional SMB cloud market is expected to grow over USD 25 Billion in 2015 at a CAGR of over 25-30%. Hence, the SMB cloud market in the region could be classified as an emerging market. The foreign capital investments in North Africa increased from USD 10 Billion to USD 26 Billion in 2015. This factor could be a major indicator of the increased scope of ICT in the region and the issuing need for managed services in the North African countries.
This North Africa Cloud Managed Services Market research report analyses the regional adoption trends, future growth potential, competitive outlook, market ecosystem, and value chain of the market. The report analyses market sizes and revenue forecasts across different countries such as Morocco, Algeria, Tunisia, and Rest of North Africa (Egypt & Libya).
MarketsandMarkets expects the North Africa Cloud Managed Services Market to grow from USD 1,353.4 Million in 2015 to 3,248.8 Million by 2020, at a CAGR of 19.1% during the forecast period of 2015-2020.
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