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.
Estimated Market Size in 2020:
USD 14.20 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Deployment Model, Service Type, Organization Size, Service Model, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
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
• Healthcare and Lifesciences
• Information Technology (IT) and Information Technology Enabled Services (ITES)
• Retail and Consumer Goods
• Research & Consulting Services
• Media & Entertainment
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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.
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