According to the recent 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 was worth USD 42.08 billion in 2019 and is expected to record a considerable growth during 2020-2025.
 

Increasing investments by private sectors and government for building IT infrastructure, technological advancements in the form of 5G connectivity standards, and growing acceptance IoT devices are the key factors stimulating global managed cloud services market growth.
 

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Additionally, emphasis on scalability and reliability, as well as the need of clients to strategically manage their digital transformation investments will drive the managed cloud services market valuation in the near future.
 

Speaking of the delivery model, global managed cloud services market is categorized into SaaS, PaaS, IaaS, and others. Among these, IaaS segment is slated to grow substantially over the coming years, creditable to its popularity and significance in small & medium enterprises (SMEs).
 

Moving on to deployment type, the industry is segmented into community, hybrid, public, and private. Of these, hybrid segment is poised to amass high profits by 2025, attributable to its dependability as both private and public cloud.
 

With respect to end user scope, global managed cloud services market is bifurcated into SMEs and large enterprise. Amongst them, large enterprise segment is projected to record a considerable growth over the forecast period, owing to increasing demand of more secured cloud services worldwide.
 

Coming to the regional front, Americas managed cloud services industry size is predicted to gain traction through 2025, creditable to increasing expenditure on research & development and technological innovations in the field.
 

Major companies impacting global managed cloud services market trends are Fujitsu Ltd., Salesforce.com Inc., Tata Consultancy Services Ltd., Infosys Limited, DXC Technology, Cisco Systems Inc., Rackspace Technology, NTT Data Corp., IBM Corporation, and Accenture plc.