Top 10 Managed Cloud Service Providers Comparison (2024 List)

Cloud computing is gaining popularity at an incredible pace in this digital era. Did you know that by 2025, According to Sphericalinsights the global market for managed cloud services is projected to reach $126.45 billion?

If you want to navigate this rapidly growing industry, our list of the top 10 managed cloud service providers is going to help you.

So if you are struggling to find the right managed cloud service provider, this blog has got you covered. Let’s dive deeper to make the best choice for your business.

What Are Managed Cloud Service Providers?

Managed cloud service providers are essentially superheroes for enterprise-level businesses with huge operations. They are independent businesses that provide thorough management and cloud infrastructure optimization to make it effortless for the business to handle the tasks effectively.

A reliable managed cloud service provider will guarantee agility for optimal performance of your cloud environment. You can rely on them for everything from security to support to monitoring.

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Top 10 Managed Cloud Service Providers

There are many types of cloud computing services. Let’s have a look at the 10 best cloud service providers of these services and what makes them stand out from the competition.

1. Amazon Web Services (AWS)

As the cloud computing arm of Amazon.com, AWS offers a whopping 200+ services from their data centers that cater to the needs of different businesses.

It is one of the finest cloud-managed service providers because it provides scalability and stability, both of which are crucial for enterprises that need to manage variable workloads.

With a market share of around 32%, AWS has a substantial footprint all over the world. No matter where your company is located, you may be guaranteed to gain from AWS’s top-notch services.

2. Microsoft Azure

With a market share of around 20%, Microsoft Azure caters to businesses of all sizes with its extensive range of services. The hybrid cloud capabilities of Microsoft Azure are commendable as they let companies execute workloads across several clouds and on-premises settings.

The AI capabilities of Microsoft Azure are also outstanding, allowing companies to improve their operations and get fresh insights. Due to its dedication to innovation, which is demonstrated in its cutting-edge solutions, Microsoft Azure stands out from AWS and other competitors.

3. Google Cloud Platform (GCP)

Google Cloud Platform (GCP) is a top managed service provider with a 9.5℅ market share offering amazing cloud services to build, test, and deploy applications.

Additionally, you can benefit from GCP’s cutting-edge abilities in security, data management, analysis, and artificial intelligence (AI). GCP is famous for its AI capabilities, which let companies use AI and machine learning to get new insights and automate existing processes.

Global businesses have access to GCP’s outstanding cloud services and may benefit from its extensive infrastructure and scalability for their digital demands.

4. Alibaba Cloud

A leader in the cloud computing sector, Alibaba Cloud offers a wide range of adaptable solutions to meet the requirements of companies worldwide with its strong presence.

Being one of the best managed cloud service providers, it earned a market share of about 6%. Alibaba Cloud is particularly well-known for its AI skills that help customers optimize their businesses and increase their income as well as its unwavering dedication to security, which ensures that the data of its clients is safeguarded with the utmost care.

5. Oracle Cloud

Oracle Cloud is one of the top cloud managed service providers with a market share of around 4.6%. Oracle Cloud Infrastructure (OCI) and Oracle Cloud Software-as-a-Service (SaaS) are two of the cloud services offered by Oracle Corporation.

The company provides infrastructure technologies as well as cloud services for apps, databases, computing, storage, and networking. Thanks to its high-performance infrastructure and unmatched customer services, enterprises depend on Oracle Cloud to help them achieve their goals.

6. IBM Cloud

The hybrid cloud features of IBM Cloud, one of the managed cloud providers, allow companies to operate their workloads across several clouds and on-premises settings.

IBM Cloud serves a variety of businesses, from healthcare and banking to retail, and has a market share of 3.4%. It provides companies with the ability to automate their processes and get fresh insights.

With its dedication to open-source software, which gives its clients more freedom and customization, IBM Cloud stands apart from the competition.

7. Tencent Cloud

A significant player in the Asian cloud computing market, Tencent Cloud offers a wide variety of cloud solutions.

Their AI capabilities are particularly impressive, and they have a market share of about 3% with their expertise in this area. Tencent Cloud’s staff are dedicated to security and work around the clock to guarantee that client data is protected at all times.

Their capacity to offer comprehensive solutions to companies in the media and gaming sectors makes it one of the best choices in cloud computing.

8. Rackspace Cloud

Rackspace Cloud is another managed cloud service provider offering cloud infrastructure, and security, among other services. It has a devoted following of clients because of Fanatical Support® service, which offers customers help around the clock.

With a 1% market share, Rackspace Cloud serves companies in a variety of sectors. One of their remarkable strengths in the cloud computing sector is their flexibility and ability to provide specialized solutions.

9. OVH Cloud

OVHcloud is a French cloud computing provider with data centers all around the world that offers global coverage for business growth.

With an emphasis on high-performance infrastructure and a wide range of cloud services, OVHcloud has a market share of about 1%.

OVHcloud is famous for its cutting-edge security features and inventive solutions, which include blockchain-based products. Since the company is committed to environmental sustainability, it makes sure that renewable energy sources are used to power its infrastructure.

10. DigitalOcean

DigitalOcean is another great addition to the list of top managed cloud service providers offering straightforward, user-friendly solutions for enterprises.

Its services include networking, storage, and computing, and it has a market share of around 1%. It has a simple pricing structure and user-friendly interface making it effortless for customers to manage their infrastructure.

With its developer community, which offers its customers a plethora of information and services, DigitalOcean is one of the best choices.

Managed Cloud Service Providers Comparison Table

Let’s have a look at the comparison table of the managed cloud service providers based on the latest stats available to gain a better understanding. The cost of each provider differs.

It is important to note that these statistics may vary depending on sources and with time. However, the information provided is in the most accurate form.

Get Customized Cloud Solutions With Folio3

Are you searching for scalable cloud solutions that are built to fit your unique requirements? Folio3 is your gateway to do so!

We collaborate with a number of managed cloud service providers to provide you with cutting-edge cloud solutions employing industry best practices. So why use one-size-fits-all cloud solutions when you can benefit from managed cloud solutions designed just for your company?

So pick Folio3 to support the growth of your company in the current digital era!

Supercharge Your Business with Expert Managed Cloud Services

Unlock business growth with our industry-leading managed cloud services. Experience scalability, security, and dedicated support tailored to your needs.

Explore

Why Folio3: Your Strategic Ally in Managed Cloud Service Providers

In the fast-paced realm of cloud solutions, Folio3 stands out as your proactive partner, not just a choice. Here’s why Folio3 should be your go-to for navigating the complexities of Managed Cloud Service Providers:

1. Tailored Solutions for You: At Folio3, we customize your cloud journey. No one-size-fits-all here. Our approach ensures that your cloud solutions align seamlessly with your unique business requirements. Why settle for generic when you can have tailored excellence?
2. Collaboration with Industry Leaders: We team up with a diverse range of Managed Cloud Service Providers, offering you the best in the industry. Leverage our partnerships for cutting-edge technologies and best practices that propel your business forward.
3. Scalability and Flexibility at Your Fingertips: In the ever-evolving digital era, scalability is non-negotiable. Folio3 ensures your cloud infrastructure is not only scalable but flexible enough to adapt to your dynamic business needs. Scale with confidence, backed by our expertise.
4. Grounded in Industry Best Practices: Our commitment to excellence is rooted in industry best practices. With Folio3, you get more than a service; you get a partner dedicated to implementing the latest and most effective practices to optimize your cloud infrastructure and applications.
5. Proven Success Stories: Trust is earned through results, and Folio3 has a track record of success. Over the years, we have empowered businesses to stay competitive, ensuring improved performance, enhanced security, and sustained success in the digital era.

Embark on your journey to cloud excellence with Folio3. Let’s redefine the possibilities, customize your cloud experience, and shape a future where your business thrives in the digital realm.

Choose more than a service; choose a strategic partnership with Folio3.

Conclusion

All these managed cloud service providers can help businesses optimize their cloud infrastructure and applications for improved performance and security.

Folio3 can help businesses to access customized cloud solutions that meet their specific needs and take advantage of the latest cloud technologies provided by these top providers.

Put your confidence in managed cloud services to keep your company competitive and support its success in the current digital era.