Cloud Professional Services Market - Trends Forecast Till 2028

Cloud Professional Services Market, by Service Type (Consulting, Integration and Optimization, Implementation and Migration, Application Development and Modernization), Organization Size, Deployment Model, Vertical and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-IT-CPSM-520

Format:  

Number of Pages: 382

Domain: IT & Telecom

Cloud Professional Services Market – Trends Forecast Till 2028

The global Cloud Professional Services market size is projected to reach USD 38 billion by 2026 at a CAGR of 17.5% from USD 14.6 billion in 2021 during the forecast period 2021-2028.

Cloud profession services deals with creation of a cloud-based technology infrastructure which adapts to and evolves along the evolvement of the business. Cloud is used to store and access any application whenever needed. Cloud is nothing but an application-based software that runs on internet instead of locally on a computer.

With the growing digitalization along with the adoption of complex cloud environment and increasing offering from the cloud providers are some of the factors that have supported long-term expansion for Cloud Professional Services Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Due to the prevalent conditions of lockdown businesses were forced to shift to online mode this has worked into the favour of the cloud market and thus market has witnessed expansion during the time period.

Cloud Professional Services Market Research Report

Asia Pacific is expected to be the largest market during the forecast period. With the surge in demand for digitalization along with the favourable governmental policies in the region have led to the expansion of market.

Cloud Professional Services Market is segmented into Service Type, Deployment Model, Organization Size, Verticals and geography.

On the basis of Service Type

  • Consulting
  • Application Development and Modernization
  • Implementation and Migration
  • Integration and Optimization

On the basis of Deployment Model

  • Public Cloud
  • Private Cloud

On the basis of Organisation Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

On the basis of Verticals

  • BFSI
  • Manufacturing
  • Healthcare and Lifesciences
  • IT and ITES
  • Government
  • Telecommunications
  • Retail and Consumer Goods
  • Energy and utilities
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Cloud Professional Services Market Primary Respondent

 

Key Players

  • Accenture
  • IBM
  • Deloitte
  • EY
  • PwC
  • HPE
  • Wipro
  • HCL
  • TCS
  • Capgemini
  • Atos
  • Cisco
  • Cognizant
  • DXC
  • Hitachi Vantara
  • Infosys
  • LTI
  • NTT Data
  • Rackspace
  • T-Systems
  • AWS
  • Google
  • Microsoft
  • Fujitsu
  • Alibaba Cloud

Recent Developments

  • In February 2021, Accenture launched a New Business Group with VMware in order to help the organizations access to the cloud faster.
  • In February 2021, IBM, Siemens, and Red Hat together launched a hybrid cloud initiative so as to increase the real time value of industrial IoT data.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Cloud Professional Services market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 14.6 billion

Growth Rate

CAGR of 17.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Service Type, Deployment Model, Organization Size, Verticals and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Accenture, IBM, Deloitte, EY, PwC, HPE, Wipr, HCL, TCS, Capgemini, Atos, Cisco, Cognizant, DXC, Hitachi Vantara, Infosys, LTI, NTT Data, Rackspace, T-Systems, AWS, Google, Microsoft, Fujitsu, and Alibaba Cloud

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