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

Cloud Professional Services Market Insights

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).

On-demand by cloud service providers and other hired experts for "cloud professional services" are targeted advice-giving and participative activities to help companies in adopting, implementing, and maximizing the use of cloud-based solutions. Thus, those types of services provide support to organizations that intend to take full advantage of the merits attributed to cloud computing while grappling with its challenges such as architectural design, security measures, regulations, data transfer and overall improvement in performance. The undertakings embraced include a cloud strategy, workloads evaluation, migrations arrangement, applications reworking, infrastructure deployment, and ongoing management. The services are tailored to the unique demands of every business hence facilitating efficient utilization of cloud resources in improving scalability, flexibility and reducing costs.

The global market is being driven by the growing emphasis on digitizing business processes. Furthermore, the burgeoning automation tendencies are largely responsible for the increasing popularity of robotics in the manufacturing sector. Consequently, this is significantly boosting the demand for cloud professional services that specialize in robotics-related application deployment onto cloud systems. To develop a hybrid cloud environment that is completely dynamic, service providers are merging cloud systems with machine learning (ML), advanced analytics tools, artificial intelligence (AI), and development and operations (DevOps) techniques. Apart from integrating all these factors together, this combination has contributed to an increased growth rate of the market as there is an urgent need for adaptable IT ecosystems in order to remain competitive amidst the ever-changing dynamics of the marketplace.

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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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