North America Leads in Cloud Network Adoption and Innovation

According to a report from P&S Intelligence, the cloud-managed network market is projected to reach USD 50.3 billion by 2030, growing at a CAGR of 12.2% by the decade’s end. Cloud-managed networks provide organizations with scalability and flexibility, eliminating the need for physical hardware. By connecting to the network, companies can easily manage and safeguard their hardware and software.

Cloud Services Lead the Way

Infrastructure as a Service (IaaS) provides on-demand computing resources, allowing organizations to buy network assets online. Services like computer networks, subnetworks, and security systems can be easily managed via the cloud. Meanwhile, Software as a Service (SaaS) is the preferred model for availing cloud services due to its secure communication. SaaS offers internet-based services that ensure the security of applications through features like encryption, key management, security monitoring, identity management, and data privacy.

Rapid Growth of Public Cloud

Public cloud services are expected to expand the fastest, driven by their flexibility. This adaptability enables businesses to scale up operations in line with industry demands. Companies of all sizes, particularly larger enterprises, value the ability to adjust resources according to fluctuating workloads. Additionally, startups benefit from cloud services, which allow them to store data and focus on business growth without the hassle of hardware management.

North America Dominates Cloud Network Use

North America's IT sector is renowned for innovation in IoT and networking, fostering widespread adoption of cloud-managed networks. The region’s technological leadership has paved the way for advancements in service management. Many top companies in the region have embraced digitization, leveraging cloud network management solutions to stay competitive. Several nations in the region are heavily investing in tech advancements, with cloud services playing a vital role in this transformation by offering scalable and flexible solutions for network management.

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