AWS Managed Services Market Key companies Profile, their industry Share and other important parameters

The global AWS Managed Services market was valued at US$ 559.4 Mn in 2017 and is projected to expand at a cumulative annual growth rate (CAGR) of more than 13.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “AWS Managed Services market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Rise in the number of AWS customers and the increasing importance of AWS Managed Service Provider (MSP) status are primary factors that are expected to boost the market during the forecast period. For instance, more than 2000 government agencies from various regions are using Amazon Web Services to power the cloud momentum. Moreover, in February 2018, the United States DoD (Department of Defense) signed a US$ 950 Mn cloud agreement with AWS partner REAN Cloud LLC. Additionally, AWS MSP partner status provides an assurance of standard quality service to customers and is gaining significant importance and attention from industry players, which in turn is expected to drive the market during the forecast period.
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Limited awareness among customers can hamper the AWS Managed Services market
Numerous existing and potential AWS customers are unaware about the managed services provided by Amazon Web Services or AWS MSPs. Enterprises are not sure how AWS managed services can save their CAPEx or the security benefits it provides. In December 2016, AWS launched AWS managed services for Global 2000 and Fortune 1000 companies with an aim to accelerate cloud adoption and develop single vendor competencies needed to move workloads to the AWS platform.

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