Global Cloud Professional Services Market

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

Report ID: SQMIG45E2250 | Region: Global | Published Date: August, 2024
Pages: 196 | Tables: 87 | Figures: 70

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Global Cloud Professional Services Market size was valued at USD 20.26 Billion in 2022 poised to grow from USD 25.6 Billion in 2023 to USD 80.08 Billion by 2031, growing at a CAGR of 16.5% in the forecast period (2024-2031).

The competitive atmosphere of the global cloud professional services market is characterized by fast-paced new developments and an extensive variety of services. Key actors in this space include big international companies that provide all-encompassing cloud solutions such as Google Cloud, Microsoft Azure, IBM and Amazon Web Services (AWS). As these companies seek to expand their presence internationally to meet the ever-growing demand for cloud solutions in various sectors, they also use their technical capabilities to enhance service provision and nurture partnerships that are strategically aligned. 'Accenture PLC (Ireland) ', 'Amazon Web Services Inc. (US)', 'Atos SE (France)', 'Capgemini SE (France)', 'Cisco Systems Inc. (US)', 'Dell Technologies Inc. (US)', 'Fujitsu Limited (Japan)', 'HCL Technologies Limited (India)', 'Hewlett Packard Enterprise Company (US)', 'Infosys Limited (India)', 'Microsoft Corporation (US)', 'NTT DATA Corporation (Japan)', 'Oracle Corporation (US)', 'SAP SE (Germany)'

Usage of Public Cloud Services Has Accelerated

Increased Adoption of Hybrid Cloud Solutions: In order to bring together the benefits of both public and private clouds, companies increasingly rely on hybrid cloud models. In line with this, demand for expert cloud services has been increasing as they help organizations integrate and maintain different systems by enabling them to benefit from the scalability and cost-savings offered by public clouds while still having a handle on their own confidential information within private environments.

Asia-Pacific's rapid digital transformation, strong economic growth, and rising cloud use across industries have made the region the leader in the global market for professional cloud services. Major motivators include leading technology companies, significant spending on IT infrastructure and cloud computing facilitating Indian Government programs. China, India and Japan are among the leading countries that have taken advantage of advanced modern cloud technologies to become more competitive and efficient in their operations. Another factor driving market growth is the large, heterogeneous customer base in the region demanding flexible and scalable cloud services. With an increase in talent pools as well as strategic partnerships, Asia Pacific is at the forefront of this industry with respect to skills in cloud computing.

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Global Cloud Professional Services Market

Report ID: SQMIG45E2250

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