The Global Cloud Professional Services Market 2020-2025
Global Cloud Professional Services Market is segmented based on Service type (Consulting, Application Development, Implementation, Integration, and Optimization), Deployment Model (Public cloud and private cloud), Organization Size (Small & medium-sized enterprises and large enterprises ), Vertical outlook (IT, manufacturing, Healthcare & Lifesciences, government, retail and consumer goods, others) and based on Geography (North America, Latin America, APAC, Europe, and the Middle East & Africa ).
Introduction
The cloud professional service providers offer consulting services to users that have minimal awareness related to the up-gradation of current enterprise infrastructure. Users who wish to upgrade their infrastructure can harness the expertise of cloud professional service providers specializing in the deployment of cloud-based systems across industry-specific use cases, which helps in implementing the right mix of services.
COVID-19 has forced many organizations to change their regulations and policies. The inability to travel and cross borders and social distancing norms have forced businesses to change their traditional ways of functioning and reconsider operational choices. The launch of the COVID-19 High-Performance Computing Consortium to provide researchers worldwide with access to the world's most powerful high-performance computing resources.
Despite the crisis many firms are adopting digital transformation which is smart, cost-effective as well as improved security and performance.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Rapid adoption of cloud computing
10.2 emergence of 5G networks and rapid investments
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Deloitte
15.2 IBM, Accenture
15.3 TCS
15.4 HCL
15.5 Cisco
15.6 Cognizant
15.7 Infosys
15.8 Hitachi Vantara
15.9 Google
15.10 Microsoft
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global cloud professional service market is expected to grow to 34.50 billion by 2025 at a CAGR of 16.9 %
The market is expected to show appreciable growth over the forecast period, as more organizations are adopting the cloud as it would give them a competitive edge.
The rising number of new data centers globally will play a key role in the market growth.
Advancement in technologies, such as flash storage, virtualization, and advanced management may open new avenues for market growth.
Key Trends
Core industry sectors are keen on automating and digitizing their business processes to streamline business operations.
Massive data center adoption by cloud service providers is expected to drive the market. Moreover, the demand for rack-optimized servers is rapidly increasing, which is compelling the industry players to invest in this technology.
Key Market Players
The cloud professional services market is competitive, owing to many players in the market, both domestic and international. The market is consolidated as some of the players currently occupy most of the market. These players have a large customer base and solid geographic footprint along with organized distribution channels.
The market is dominated by global vendors like Deloitte, IBM, Accenture, TCS, HCL, Cisco, Cognizant, Infosys, Hitachi Vantara, LTI, Google, Microsoft, and others.
Growth Drivers and Challenges
The rapid adoption of cloud computing has been attributed to massive offerings by cloud providers.
Cloud professional services vendors are also increasing their offerings by implementing new technologies such as Artificial Intelligence and Machine Learning with the integration of cloud platforms hence creating an ecosystem for their clients.
The emergence of 5G networks and rapid investments in setting up massive data centers by cloud providers favored the growth in the Asia Pacific Region.