Cloud Professional Services Market
Cloud Professional Services Market Forecasts to 2028 – Global Analysis By Deployment Model, Service Type, Organization Size, Service Model, End User and By Geography
According to Stratistics MRC, the Global Cloud Professional Services Market is accounted for $14.20 billion in 2020 and is expected to reach $58.27 billion by 2028 growing at a CAGR of 19.3% during the forecast period. Increasing offerings from cloud providers and the growing need for digitalization are the major factors propelling the market growth. However, regulatory compliance issues are hampering market growth.
Cloud professional services provide targeted guidance and technical expertise to help organizations manage their cloud-based infrastructure flexibly and cost-effectively. These services are delivered through various tools, practices, and frameworks, which assist enterprises in simplifying and focusing on their everyday business activities and improving productivity.
Based on the deployment model, the private cloud segment is estimated to have lucrative growth during the forecast period. The private cloud deployment model enables a company to have better control over its data and reduce risks, such as data loss and issues related to regulatory compliance. The private cloud is used in banking and financial institutions, large enterprises, and government organizations, where only authorized users can access the system.
By geography, the Asia Pacific is going to have a huge demand during the forecast period. Countries such as China, Japan, and India are leading this technology adoption, which includes embracing new-age technologies such as IoT, AI, edge, and cloud. The growing adoption of cloud technologies acts as a major factor pouring the adoption of cloud professional services among enterprises in this region.
Some of the key players profiled in the Cloud Professional Services Market include Accenture, Amazon Web Services, Atos, Capgemini, Cognizant, Deloitte, Hitachi Vantara, IBM, Infosys, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, PricewaterhouseCoopers, Tata Consultancy Services, T-Systems, Wipro, DXC Technology, HCL, EY, Tata Group, KPMG International, Dell Inc., Tech Mahindra Limited, Hewlett Packard Enterprise, Cisco Systems, Inc., and CGI Group Inc.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 14.20 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
19.3% |
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Predicted 2028 Value: |
USD 58.27billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
239 |
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Chapters Covered: |
Deployment Model, Service Type, Organization Size, Service Model, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Deployment Models Covered:
• Public Cloud
• Private Cloud
• Hybrid Cloud
• Community Cloud
Service Types Covered:
• Consulting Services
• System and Network Integration
• Deployment and Support
• Cloud Managed Services
Organization Sizes Covered:
• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises
Service Models Covered:
• Platform as a Service (Paas)
• Software as a Service (SaaS)
• Infrastructure as a Service (IaaS)
End Users Covered:
• Banking Financial Services and Insurance (BFSI)
• Energy and Utilities
• Government
• Healthcare and Lifesciences
• Information Technology (IT) and Information Technology Enabled Services (ITES)
• Manufacturing
• Retail and Consumer Goods
• Telecommunications
• Research & Consulting Services
• Media & Entertainment
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Cloud Professional Services Market is majorly driven by growing offerings from cloud providers, increasing need for digitalization, and adopting the complex cloud environment.
The public cloud segment is growing at the highest CAGR due to it helps organizations meet their demands for scalability, provides a pay-per-usage pricing strategy, and ease of deployment.
North America dominated with a significant market share owing to the presence of a large number of end-users who are technology aware and early adopters of solutions that are enriched with new capabilities.
Asia Pacific market is growing at the highest CAGR owing to the rising adoption of cloud technologies.
Key players in Cloud Professional Services Market include Accenture, Amazon Web Services, Atos, Capgemini, Cognizant, Deloitte, Hitachi Vantara, IBM, Infosys, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, PricewaterhouseCoopers, Tata Consultancy Services, T-Systems, Wipro, DXC Technology, HCL, EY, Tata Group, KPMG International, Dell Inc., Tech Mahindra Limited, Hewlett Packard Enterprise, Cisco Systems, Inc., and CGI Group Inc.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cloud Professional Services Market, By Deployment Model
5.1 Introduction
5.2 Public Cloud
5.3 Private Cloud
5.4 Hybrid Cloud
5.5 Community Cloud
6 Global Cloud Professional Services Market, By Service Type
6.1 Introduction
6.2 Consulting Services
6.2.1 Training and Education
6.2.2 Assessment and Advisory
6.2.3 Risk Evaluation
6.3 System and Network Integration
6.3.1 Implementation
6.3.2 Integration and Migration
6.3.3 Upgradation
6.3.4 Application Load and Test
6.4 Deployment and Support
6.4.1 Data Back-Up and Recovery
6.4.2 Application Management, Monitoring, and Optimization
6.4.3 Application Development and Maintenance
6.5 Cloud Managed Services
7 Global Cloud Professional Services Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises (SMEs)
7.3 Large Enterprises
8 Global Cloud Professional Services Market, By Service Model
8.1 Introduction
8.2 Platform as a Service (Paas)
8.3 Software as a Service (SaaS)
8.4 Infrastructure as a Service (IaaS)
9 Global Cloud Professional Services Market, By End User
9.1 Introduction
9.2 Banking Financial Services and Insurance (BFSI)
9.3 Energy and Utilities
9.4 Government
9.5 Healthcare and Lifesciences
9.6 Information Technology (IT) and Information Technology Enabled Services (ITES)
9.7 Manufacturing
9.8 Retail and Consumer Goods
9.9 Telecommunications
9.10 Research & Consulting Services
9.11 Media & Entertainment
10 Global Cloud Professional Services Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Accenture
12.2 Amazon Web Services
12.3 Atos
12.4 Capgemini
12.5 Cognizant
12.6 Deloitte
12.7 Hitachi Vantara
12.8 IBM
12.9 Infosys
12.10 Microsoft Corporation
12.11 Nippon Telegraph and Telephone Corporation
12.12 PricewaterhouseCoopers
12.13 Tata Consultancy Services
12.14 T-Systems
12.15 Wipro
12.16 DXC Technology
12.17 HCL
12.18 EY
12.19 Tata Group
12.20 KPMG International
12.21 Dell Inc.
12.22 Tech Mahindra Limited
12.23 Hewlett Packard Enterprise
12.24 Cisco Systems, Inc.
12.25 CGI Group Inc.
List of Tables
1 Global Cloud Professional Services Market Outlook, By Region (2019-2028) ($MN)
2 Global Cloud Professional Services Market Outlook, By Deployment Model (2019-2028) ($MN)
3 Global Cloud Professional Services Market Outlook, By Public Cloud (2019-2028) ($MN)
4 Global Cloud Professional Services Market Outlook, By Private Cloud (2019-2028) ($MN)
5 Global Cloud Professional Services Market Outlook, By Hybrid Cloud (2019-2028) ($MN)
6 Global Cloud Professional Services Market Outlook, By Community Cloud (2019-2028) ($MN)
7 Global Cloud Professional Services Market Outlook, By Service Type (2019-2028) ($MN)
8 Global Cloud Professional Services Market Outlook, By Consulting Services (2019-2028) ($MN)
9 Global Cloud Professional Services Market Outlook, By Training and Education (2019-2028) ($MN)
10 Global Cloud Professional Services Market Outlook, By Assessment and Advisory (2019-2028) ($MN)
11 Global Cloud Professional Services Market Outlook, By Risk Evaluation (2019-2028) ($MN)
12 Global Cloud Professional Services Market Outlook, By System and Network Integration (2019-2028) ($MN)
13 Global Cloud Professional Services Market Outlook, By Implementation (2019-2028) ($MN)
14 Global Cloud Professional Services Market Outlook, By Integration and Migration (2019-2028) ($MN)
15 Global Cloud Professional Services Market Outlook, By Upgradation (2019-2028) ($MN)
16 Global Cloud Professional Services Market Outlook, By Application Load and Test (2019-2028) ($MN)
17 Global Cloud Professional Services Market Outlook, By Deployment and Support (2019-2028) ($MN)
18 Global Cloud Professional Services Market Outlook, By Data Back-Up and Recovery (2019-2028) ($MN)
19 Global Cloud Professional Services Market Outlook, By Application Management, Monitoring, and Optimization (2019-2028) ($MN)
20 Global Cloud Professional Services Market Outlook, By Application Development and Maintenance (2019-2028) ($MN)
21 Global Cloud Professional Services Market Outlook, By Cloud Managed Services (2019-2028) ($MN)
22 Global Cloud Professional Services Market Outlook, By Organization Size (2019-2028) ($MN)
23 Global Cloud Professional Services Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2019-2028) ($MN)
24 Global Cloud Professional Services Market Outlook, By Large Enterprises (2019-2028) ($MN)
25 Global Cloud Professional Services Market Outlook, By Service Model (2019-2028) ($MN)
26 Global Cloud Professional Services Market Outlook, By Platform as a Service (Paas) (2019-2028) ($MN)
27 Global Cloud Professional Services Market Outlook, By Software as a Service (SaaS) (2019-2028) ($MN)
28 Global Cloud Professional Services Market Outlook, By Infrastructure as a Service (IaaS) (2019-2028) ($MN)
29 Global Cloud Professional Services Market Outlook, By End User (2019-2028) ($MN)
30 Global Cloud Professional Services Market Outlook, By Banking Financial Services and Insurance (BFSI) (2019-2028) ($MN)
31 Global Cloud Professional Services Market Outlook, By Energy and Utilities (2019-2028) ($MN)
32 Global Cloud Professional Services Market Outlook, By Government (2019-2028) ($MN)
33 Global Cloud Professional Services Market Outlook, By Healthcare and Lifesciences (2019-2028) ($MN)
34 Global Cloud Professional Services Market Outlook, By Information Technology (IT) and Information Technology Enabled Services (ITES) (2019-2028) ($MN)
35 Global Cloud Professional Services Market Outlook, By Manufacturing (2019-2028) ($MN)
36 Global Cloud Professional Services Market Outlook, By Retail and Consumer Goods (2019-2028) ($MN)
37 Global Cloud Professional Services Market Outlook, By Telecommunications (2019-2028) ($MN)
38 Global Cloud Professional Services Market Outlook, By Research & Consulting Services (2019-2028) ($MN)
39 Global Cloud Professional Services Market Outlook, By Media & Entertainment (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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