According to the research report titled ‘Global Managed Cloud Services Market - Analysis By Delivery Model (IaaS, PaaS, SaaS, Others) , Deployment Type, End User, By Region, By Country (2020 Edition) : Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, Global managed cloud services market was worth USD 42.08 billion in 2019 and is anticipated to expand considerably over 2020-2025.
 

Rising adoption of IoT devices, increasing penetration of 5G connectivity, and soaring investments from both private & government sectors for IT infrastructure development are the major growth determinants for global managed cloud services market growth.
 

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Moreover, growing focus among enterprises towards reducing operational costs, improving scalability & reliability of IT networks and solutions, and focus on efficiently fulfilling the client’s requirement by managing their investments digitally will propel the industry growth.
 

Based on the delivery model, the IaaS segment is witnessing strong gains and is likely to grow significantly over the projected timeline, owing to increasing adoption of this delivery model among small & medium enterprises.
 

Considering the deployment type, the hybrid segment is poised to experience significant returns in the forthcoming years, due to the capability of hybrid cloud service to emulate public as well as private cloud features.
 

In terms of end-user terrain of worldwide managed cloud services market, large enterprises are pulling the overall market share from SMEs as they have a significantly higher requirement of cloud solutions. However, SMEs are slated to generate considerable revenues during the forecast period as the number of small and medium sized businesses are increasing at a robust pace in emerging economies like India, China, and Singapore.
 

Considering the regional landscape, Asia Pacific, Americas, and Europe are the major contributors towards market remuneration. Among these, the American market is anticipated to grow profusely during 2020-2025, largely creditable to escalating expenditure in R&D activities and innovations in cloud technologies.
 

The key players in global managed cloud services marketplace are Fujitsu Ltd., Tata Consultancy Services Ltd., Salesforce.com, Inc., Infosys Ltd., Cisco Systems, Inc., DXC Technology Co., Rackspace Technology, Inc., IBM Corp., NTT Data Corp., and Accenture plc.