Cloud Professional Services Market Research Report

 

Cloud Professional Services Market:

Growth opportunities in the cloud professional services market look promising over the next six years. This is mainly due to the increase in services offered by manufacturers, raising awareness about the advantages, which includes risk mitigation and the acceptance of complex cloud environment.

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Cloud Professional Services Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the factors responsible for the growth of the global cloud professional services market includes the accelerating number of cloud service accompanied by the augmenting stipulation of digitalization and the acquisition of complicated cloud environment. The surging cloud adoption has supported manufacturers to proffer several cloud services. The vendors are progressively choosing modern technologies, including Machine Learning (MI) and Artificial Intelligence (AI), with the cloud platforms to generate an ecosystem with a target audience. Also, the expanding consciousness towards several advantages proffered by the professional cloud services such as reducing cost, raising efficiency, intensifying competition are strengthening the cloud professional services market size.

The growing endorsement of these services, primarily in the healthcare sector, has paved the way for market growth. The sector needs an enormous amount of data to be handled for the benefit of patients and 24*7 services. The data can be shared easily by implementing cloud services across medical service providers, thus enhancing the effectiveness and reducing the time of a particular task. Microsoft Corporation and Walgreens Boots Alliance Inc., in 2019, invaded cooperation to launch a new healthcare delivery model with a motive to enhance the future of the healthcare system. The company focus on connecting the WBA stores and health information systems to the individuals through their digital devices. However, the intensifying cyber-attacks and the inadequately skilled professionals are hampering the market growth.

Regional Drivers

Based on the regional coverage, Asia-Pacific is projected to expand at a faster CAGR during the forecast period. This is owing to the prevalence of two leading economies, including China and India. As per the Asia Cloud computing, the international connectivity has escalated by 63% yearly, which was 62% in 2016. Moreover, economies including China, Australia, Indonesia, India, and Singapore are progressively choosing advanced technologies like IoT, analytics, and AI. These drivers together will bolster the market size.

Cloud Professional Services Market’s leading Manufacturers:

·        Cisco

·        Capgemini

·        HCL

·        PwC

·        IBM

·        Atos SE

·        Tata Consulting Services Limited

·        Wipro

·        Deloitte

·        Accenture

Cloud Professional Services Market Segmentation:

Segmentation by Service Type

·        Consulting

·        Implementation and Migration

·        Application Development and Modernization

Segmentation by Deployment Model

·        Public Cloud

·        Private Cloud

Segmentation by Organization Size

·        Large Enterprises

·        Small and Medium-sized Enterprises

·        Segmentation by Vertical

·        BFSI

·        Retail and Consumer Goods

·        IT and ITES

·        Telecommunications

·        Healthcare and Life Sciences

·        Manufacturing

·        Energy and Utilities

·        Government

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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