Cloud Professional Services Market Industry Trends, Size, Demand, Statistics and Forecast 2023-2028
Posted on 24 April, 2023 by Joseph Finch
Cloud Professional Services Market Outlook
Cloud professional services offer targeted guidance and technical expertise to help organizations in managing their cloud-based infrastructures flexibly and cost-effectively. These services are usually delivered via several tools, practices, and frameworks, which aid enterprises in focusing and simplifying their everyday business activities and improving productivity. Presently, service providers are providing automated cloud environment solutions to minimize overall operating costs, speed up the product development cycle, prevent human errors in manufacturing facilities, etc.
The global cloud professional services market size reached US$ 21.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.9 Billion by 2028, exhibiting a growth rate (CAGR) of 18.34% during 2023-2028.
Cloud Professional Services Market Trends:
The inflating need for digitizing business processes is propelling the utilization of cloud computing across numerous industries to enhance business agility and protect sensitive data and workloads, which is primarily driving the cloud professional services market. Additionally, the growing adoption of robotics, on account of the emerging trend of automation in manufacturing processes, is further bolstering the demand for cloud professional services to deploy robotic applications, thereby catalyzing the market growth. Besides this, the rising need for remote working models, owing to the sudden outbreak of the COVID-19 pandemic and the implementation of stringent lockdown regulations by government bodies across countries, and the increasing popularity of cloud computing solutions to maintain business continuity are acting as significant growth-inducing factors. Moreover, the elevating integration of cloud platforms with analytics tools, Artificial Intelligence (AI), Machine Learning (ML), and Development and Operations (DevOps) by service providers to run a hybrid cloud environment is also positively influencing the global market. Apart from this, key market players are focusing on creating agile information technology (IT) infrastructures to stay competitive in changing market conditions, which is anticipated to fuel the cloud professional services market over the forecasted period.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Cloud Professional Services Market Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
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.
Key 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)
Breakup by Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Breakup by Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Breakup by End Use Industry:
- BFSI
- Government
- Education
- IT and Telecom
- Healthcare
- Energy and Utilities
- Manufacturing
- Others
Breakup by Region:
- 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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