Cloud Professional Services Market - Trends Forecast Till 2028

Market Overview

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.

Regional Analysis

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.

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

Competitive Landscape

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