Cloud professional services market refers a combination of capabilities including consulting/technical skills and functional knowledge.
An increased number of cloud solutions from various vendors have created a complex cloud environment. Cloud customers are struggling with integrating and managing applications, workloads, cloud stacks, and other facets of the shift to cloud. They are spending heavily on consultants and system integrators to educate, plan, and implement their cloud environments.
Accelerated demand for cloud-based solutions from various industry verticals including BFSI, government, education, and healthcare among others will continue to create significant opportunities for cloud professional services vendors, and leaders. This is also contributing towards the expansion of IT services portfolio by the cloud service providers to boost their revenue generating opportunities while catering to different segments of end customers.
The rapid adoption of cloud-based services by companies of all sizes will drive its demand due to its cost-effectiveness and ease of use. However, data security concerns associated with critical data storage in the cloud and technological constraints will impede the growing demand for cloud security solutions.
According to this study, over the next five years the Cloud Professional Services market will register a 20.5% CAGR in terms of revenue, the global market size will reach US$ 9303.7 million by 2024, from US$ 3662.3 million in 2019. In particular, this report presents the global revenue market share of key companies in Cloud Professional Services business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Cloud Professional Services market by product type, application, key companies and key regions.
This study considers the Cloud Professional Services value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Cloud Consulting
Cloud Systems Integration
Cloud Managed Services
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Banking, Financial Services & Insurance (BFSI)
IT and Telecommunications
Healthcare
Media and Entertainment
Government
Education
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Deloitte
Wipro Limited
Tech Mahindra Limited
Accenture plc
Hewlett Packard Enterprise
Dell Inc. (EMC)
KPMG International
Capgemini S.A.
HCL
IBM
Tata Group
PricewaterhouseCoopers LLP
Cisco Systems, Inc.
Nippon Telegraph and Telephone Corporation
Microsoft Corporation
CGI Group Inc.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Cloud Professional Services market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cloud Professional Services market by identifying its various subsegments.
Focuses on the key global Cloud Professional Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cloud Professional Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Cloud Professional Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
