Article Trunk



Cloud Professional Services Market Research Report

06.01.2022 · Posted in Writing and Speaking

Cloud Professional Services Market

Cloud Professional Services Market is expected to grow at a CAGR of 17.9% during forecast period (2021-2028) and projected to reach USD 51 billion by 2028.

Request a FREE sample of this report

The factors driving the growth of cloud professional services market includes increasing adoption of remote working models, growing consciousness about the benefits such as reduced cost for purchasing and maintaining the equipment, data security, unlimited storage capacity, mobility to access corporate data. It helps in facilitating technologies that are used in the healthcare services such as big data analytics, mobile apps, devices with IoT etc.  The growing use of robotic applications along with integration of cloud platforms with Artificial Intelligence and Machine Learning is increasing the growth of Cloud Professionals Service Market size.

However, the growth of cloud professional service market is hindered by unfavorable industry–specific laws, compliance cost and growing number of cyberattacks. As per Computer Emergency Response Team, India observed data three times increase in cybersecurity incidents in 2020 as compared to 2019, registering almost 1.16 million breaches.

Prominent players operating in the market are PwC, Wipro, Capgemini, Atos SE, Tata Consulting Services Limited, Accenture, IBM, Cisco, Deloitte, among others.

Service Type – Segment Analysis

Based on the service type, the consulting segment is expected to grow at a faster CAGR during the forecast period because it provides users the information about upgradation of existing infrastructure as these professionals possess specialized knowledge in deployment of cloud-based systems. The major reason for its demand in the migration services includes improved productivity, reduced costs, scalability and enhanced application security.

Deployment Model – Segment Analysis

Based on the deployment model, the public cloud segment is anticipated to grow at a faster CAGR during the forecast period because it helps the companies to meet the demand of scalability through free or subscription-based services.

Verticals – Segment Analysis

Based on the verticals, the BFSI segment is expected to witness a higher CAGR during the forecast period owing to its ability to reduce the cost involved in IT Structures. The increasing number of banks and financial institutions are using these services because it helps in risk management, running multiple programs in all machines.

Regional- Segment Analysis

Based on the region, Asia-Pacific is Projected to grow at a faster CAGR during the forecast period due to increasing Government to Government initiatives such as the Indo-US Science and Technology Forum (IUSSTF), was launched on 18th March 2021, to encourage the development of AI innovation by sharing ideas and experiences.

Market Segmentation

Global Cloud Professional Services Market by Service Type

  • Consulting
    • Implementation and Migration
    • Application Development and Modernization

Global Cloud Professional Services Market by Deployment Model

  • Public Cloud
    • Private Cloud

Global Cloud Professional Services Market by Organization Size

  • Large Enterprises
    • Small and Medium-sized Enterprises

Global Cloud Professional Services Market by Vertical

  • BFSI
    • Retail and Consumer Goods
    • IT and ITES
    • Telecommunications
    • Healthcare and Life Sciences
    • Manufacturing
    • Energy and Utilities
    • Government
    • Others

Global Cloud Professional Services Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments are closed