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Cloud has become an essential foundation for business growth. For enterprises around the world, cloud has unlocked cost efficiencies and increased speed-to-market while providing access to new technologies such as analytics, blockchain and AI. During COVID, businesses accelerated their cloud strategies to gain greater flexibility and agility in digital operations. However they quickly discovered that the complexity of hybrid and multi-cloud environments outpaced their own resources. As a result, they turned to third-party expert managed services providers for help with designing, implementing, and managing their hybrid cloud environments. In this report, we take a closer look at the competitive landscape and key players in the market for managed cloud services.