Cloud Professional Services Market Size - By Type (Public, Private, Hybrid), By Application (Consulting, Integration & Optimization, Application & Development, Modernization, Implementation & Migration), Service, Organization Size, End Use, Forecast 2023

Cloud Professional Services Market Size - By Type (Public, Private, Hybrid), By Application (Consulting, Integration & Optimization, Application & Development, Modernization, Implementation & Migration), Service, Organization Size, End Use, Forecast 2023 - 2032

Global Cloud Professional Services Market size will expand at over 15% CAGR from 2023-2032.

The rising interest in plant-based diets driven by the surging concerns related to the environmental impacts of meat production will push the industry growth. As per FAO (Food and Agriculture Organization) data, around 14.5% of all human-caused greenhouse gas emissions can be attributed to livestock farming. Moreover, the shifting inclination by brands on using ingredients, such as meat alternatives and vegan cheese will also influence the product demand.

The cloud professional services industry is bifurcated based on service, organization size, application, end-use and region.

Based on size, the industry value from large segment will register 6.9% CAGR from 2023-2032. Large pizzas provide better value for money in comparison to smaller sizes. They are also largely preferred for social gatherings, parties, and family dinners as they encourage sharing. Access to multiple topping combinations along with several meal deals and discounts offered on larger pizzas are other factors contributing to the segment growth.

With respect to toppings, the vegetable frozen pizza industry is poised to depict 8.1% growth rate from 2032-2032. The robust expansion of health-conscious consumers worldwide has compelled them to seek various options to incorporate more vegetables into diets. Moreover, vegetable pizzas are healthier alternatives to traditional meat-heavy pizzas, as they provide essential nutrients, fiber, and fewer calories.

The market share from the online retailer distribution channel segment will record 6.8% CAGR through the forecast period. This is mainly due to the ease of convenience and ordering offered by online platforms in selling and delivering pizzas to customers. The retailers employ user-friendly websites and mobile applications to allows customers to select pizza options by browsing the menu, customize their order with preferred toppings and place an order.

Regionally, the Asia Pacific frozen pizza industry is expected to witness 8.6% CAGR through 2032 due to the growing preference for convenient meal options on account of the changing lifestyles and urbanization. The surge in investments in local production facilities, the booming e-commerce sector along with the burgeoning demand for plant-based as well as vegetarian frozen pizzas will also influence the regional market growth trajectory.