Cloud professional services Market

Cloud professional services provide consulting services to customers about how to upgrade their existing business infrastructure, and their implementation services ensure a successful and safe deployment on any infrastructure, including private cloud, public cloud, and hybrid cloud. The increasing number of internet users, increasing demand for better time complexity, agility, and portability during software development, growing need for digitization, government support and services has led to the adoption of Cloud professional services across the forecast period. For instance, in October 2021, IBM announced the ‘IBM Cloud Satellite,’ which will allow Indian government agencies at the federal level, state level and public sector organizations, to deploy cloud services securely through public and private clouds. Also in December 2020, under the Atmanirbhar Bharat initiative, NITI Aayog has launched DigiBoxx, India’s first indigenously developed cloud storage, sharing, and collaboration platform which offers storage up to 5TB(Terabytes). However, high maintenance costs and a lack of understanding may impede the growth of the market over the forecast period of 2020-2027. Also, with the increasing use of clouds in healthcare sectors and other industries’ shift towards cloud because of the COVID19 pandemic, the adoption & demand for cloud professional services is likely to increase the market growth during the forecast period.

Global Cloud Professional Services Market is valued at approximately USD 46.99 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 19.6 % over the forecast period 2020-2027.

The geographic analysis of the global Cloud Professional Services market includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading region across the world in terms of market share owing to the growing internet user population and promptness & affordability of Internet services coupled with the well-established digital infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2020-2027. Factors such as rising disposable income, rising pay-per-view methods, increasing COVID19 cases, and improving digital infrastructure would create lucrative growth prospects for the Global Cloud Professional Service market across the Asia-Pacific region.

Major market player included in this report are: Accenture, IBM, EY, Deloitte, PwC, Wipro, HCL, TCS, Capgemini, Atos, DXC Technology

The detailed segments and sub-segment of the market are explained below:
By Service Type: Consulting, Application Development and Modernization, Implementation and Migration, Integration and Optimization

By Deployment Model: Public Cloud, Private Cloud

By organization size: Small and Medium-sized Enterprises (SMEs), Large Enterprises

By verticals: BFSI, Manufacturing, Healthcare and Lifesciences, IT and ITES, Government, Telecommunications,
Retail and Consumer Goods, Energy and utilities, Others

By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Cloud Professional Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers