Cloud Professional Services Market Size, Share, Growth Analysis, By Service Type(Consulting, Integration & Optimization, Implementation & Migration and Application Development & Modernization), By Service Model(Platform as a Service (PaaS), Software as a Service (SaaS) and Infrastructure as a Service (IaaS)), By Deployment Model(Public Cloud and Private Cloud), By Region - Industry Forecast 2024-2031

Drivers

• Usage of Public Cloud Services Has Accelerated

The cloud is essential to an organization's ability to survive lockdown situations and inconsistent IT infrastructure as it allows for speedier innovation, which improves agility, responsiveness, and speed to market. In addition, greater readiness to embrace public and hybrid clouds exists; as 68% of small companies appreciate the public cloud’s cost cutting method.

• Combining Cloud Platforms with AI and ML Technologies

Around the world, more and more businesses are implementing machine learning and artificial intelligence technologies. During the pandemic, while most organizations supported digital infrastructure in order to help remote workers and ensure smooth operations, they began to think that AI-ML-based cloud applications could support data analysis, insights and automation of menial tasks on a massive scale.

Restraints

• Challenges in Integrating Cloud Technologies with Legacy Systems

Integrating cloud technologies with old systems at enterprises can take a long time and cost a lot of money as it is not easy to do so. There may also be problems of compatibility that can arise, leading to issues in migrating data along with increased costs for IT.

• Tackling the Shortage of Cloud Expertise in Professional Services

The lack of qualified experts with knowledge of cloud technologies is a major barrier to the growth of the global market for professional cloud services. Finding and keeping individuals with the knowledge needed to efficiently manage, optimize, and secure cloud environments is a common challenge for organizations.