target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Forecast - Doc Document number: # EUR150794523
European Managed Cloud Services Forecast, 2023-2027: Robust Outlook After a Slow Start
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Abstract
This IDC Market Forecast study provides IDC's forecast for the European managed cloud services market for 2023-2027 across five managed services foundations markets: application management (AM), hosted application management (HAM), IT outsourcing (ITO), hosted infrastructure services (HIS), and networking and endpoint outsourcing services (NEOS).
"There are growing opportunities in the managed cloud services space in Europe, but equally, competition and customer expectations for services delivery are incredibly high. Managed service providers must position themselves as strategic partners that enable value delivery to the customer at speed and on a continuous basis while ensuring IT standardization and performance," said Francesca Ciarletta, research manager, European Cloud Managed Services.