Global Cloud Professional Services Market 2024-2028
The cloud professional services market is forecasted to grow by USD 35.4 bn during 2023-2028, accelerating at a CAGR of 19.64% during the forecast period. The report on the cloud professional services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital transformation of end-user industries, increased adoption of cloud professional services by retail and e-commerce, and rising investment on technology by end-users.
Technavio's cloud professional services market is segmented as below:
- By Deployment
- Public cloud
- Private cloud
- By End-user
- Large enterprises
- Small and medium-sized enterprises (SMEs)
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing popularity of private cloud services as one of the prime reasons driving the cloud professional services market growth during the next few years. Also, shift toward server virtualization and strategic partnerships and collaborations among market participants will lead to sizable demand in the market.
The report on the cloud professional services market covers the following areas:
- Cloud professional services market sizing
- Cloud professional services market forecast
- Cloud professional services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud professional services market vendors that include Accenture Plc, AT and T Inc., Capgemini Service SAS, Cisco Systems Inc., Cloud Software Group Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Deutsche Telekom AG, Furukawa Electric Co. Ltd., Informatica Inc., Infosys Ltd., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., SAP SE, Tata Consultancy Services Ltd., Unisys Corp., Verizon, and Wipro Ltd.. Also, the cloud professional services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.