According to the research report titled ‘Global Managed Cloud Services Market - Analysis By Delivery Model , Deployment Type, End User, By Region, By Country : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global managed cloud services market had reached a valuation of USD 42.08 billion in 2019 and is expected to register substantial growth during 2020-2025.
 

Escalating investments by public and private organizations towards improvement of IT infrastructure, technological advancements in 5G spectrum and rising adoption of IoT (Internet of Things) devices are some of the major factors fueling the growth of global managed cloud services market growth.
 

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Focus towards reducing operational costs, increasing utilization of reliable as well as scalable solutions and surging investments towards digital transformation are also propelling the market expansion over the study duration.
 

As per delivery model, global managed services market is segmented into SaaS, PaaS, IaaS and others. the report states that the IaaS segment is predicted to expand considerably during the forecast period. Increasing awareness regarding the benefits of IaaS delivery models among SMEs is fueling the segmental share.
 

In terms of deployment type, the is bifurcated into community, hybrid, public and private segments. According to the report, hybrid segment of global management cloud services industry is expected to record remunerative growth in the subsequent years. Rising adoption of hybrid cloud services owing to its high reliability is favoring the overall market outlook.
 

The end-user scope of the overall market consists of SMEs and large enterprises. Worldwide managed cloud services industry share from large enterprises is slated to witness commendable growth in the ensuing years. Widespread adoption of cloud services by large enterprises along with growing demand for secured cloud computing solutions are positively impacting the market outlook.
 

From the regional point of view, global managed cloud services industry is categorized into America, Europe, and Asia-Pacific with key focus on countries such as Mexico, Brazil, Canada, United States, France, United Kingdom, Germany, India, Japan, and China.
 

The report claims that Americas accounted for a significant market share in the recent past and is anticipated to display similar expansion patterns in the upcoming years. Mounting R&D investments have resulted in robust technological advancements in cloud services across the region, which in turn is promoting the business outlook in Americas.
 

Fujitsu Ltd., Salesforce.com, Tata Consultancy Services Ltd., Infosys Limited, DXC Technology, Cisco Systems Ltd., Rackspace Technology Inc., NTT Data Corp., IBM Corp., and Accenture plc are the prominent companies operating in global managed cloud services market.