IMARC Group, a leading market research company, has recently releases report titled “Cloud Professional Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cloud professional services market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Cloud Professional Services Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 21.5 Billion |
| Market Forecast in 2028 | US$ 56.9 Billion |
| Growth rate (2023 to 2028) | CAGR of 18.34% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What are Cloud Professional Services?
Cloud professional services refer to the comprehensive range of services provided by expert consultants and professionals to help businesses effectively adopt and leverage cloud computing technologies. These services encompass planning, implementation, migration, optimization, and ongoing management of cloud infrastructure. By partnering with cloud professional service providers, organizations can navigate the complexities of cloud adoption, maximize the benefits of cloud solutions, and ensure a seamless transition to the cloud environment. The characteristics of cloud professional services revolve around their expertise in cloud architecture, security, scalability, and cost optimization. The key features of cloud professional services include cloud strategy development, cloud migration planning and execution, application modernization, infrastructure optimization, security assessment and implementation, and performance monitoring. These services enable organizations to align their IT infrastructure with business objectives, achieve operational efficiency, enhance agility, and manage cost savings by leveraging the scalable nature of cloud technologies. Consequently, cloud professional services find extensive applications across various industries, including information technology (IT), healthcare, and telecommunication.
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What are the Growth Prospects and Trends in the Cloud Professional Services Industry?
The increasing digitization across industries represents one of the key factors driving the market growth. In line with this, the widespread adoption of cloud professional services is influencing the market growth. This can be primarily attributed to the advantages of utilizing cloud professional services, such as enhanced efficiency and cost-effectiveness, which is Moreover, organizations require expertise in cloud security and compliance to ensure the confidentiality and integrity of their data, leading to an increased demand for professional services, which, in turn, is leading the market towards growth. Along with this, many organizations are adopting hybrid or multi-cloud strategies, which require professional services to design, integrate, and manage these complex environments, thereby stimulating the growth of the market. The shortage of in-house cloud expertise often compels organizations to seek external professional services to bridge the skill gap and ensure successful cloud adoption, which is contributing to the market growth. The continuous evolution of cloud technologies necessitates professional services to keep up with the latest trends and best practices within the industry, which is fueling the market growth. Apart from this, cloud services facilitate remote work and collaboration, leading to an extensive demand for professional services to enable seamless connectivity and productivity, which is driving the market growth. The rapid outbreak of COVID-19 is acting as another major growth-inducing factor. With mandatory lockdowns across the world, the working culture metamorphosized into the virtual environment from the brick-and-mortar establishments, which, in turn, is facilitating the widespread adoption of cloud professional services. This is influencing the market growth significantly. In addition to this, cloud professional services assist organizations in designing and implementing robust disaster recovery and business continuity solutions, ensuring data resilience, thereby pushing the market forward. Other factors, such as increasing integration with machine learning (ML), development and operations (DevOps), and artificial intelligence (AI), are creating a positive outlook for the market across the globe.
Who are the Key Players Operating in the Cloud Professional Services Market?
The report has also analysed the competitive landscape of the market with some of the key players.
- Accenture PLC
- Amazon Web Services Inc. (Amazon.com, Inc.)
- Atos SE
- Capgemini SE
- Cisco Systems Inc.
- Dell Technologies Inc.
- Fujitsu Limited
- HCL Technologies Limited
- Hewlett Packard Enterprise Company
- Infosys Limited
- Microsoft Corporation
- NTT DATA Corporation (Nippon Telegraph and Telephone)
- Oracle Corporation
- SAP SE.
What is Included in Market Segmentation?
The report has categorized the market based on service, organization size, deployment model, end use industry and region.
Breakup by Service:
- Platform as a Service (Paas)
- Software as a Service (SaaS)
- Infrastructure as a Service (IaaS)
Based on Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Analysed by Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Market by End Use Industry:
- BFSI
- Government
- Education
- IT and Telecom
- Healthcare
- Energy and Utilities
- Manufacturing
- Others
Regional Anaysis:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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