Market Overview:
The global cloud professional services market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for cloud-based solutions and services across different industries. Cloud consulting is expected to hold the largest share of the global cloud professional services market in 2018. Cloud systems integration is projected to be the fastest-growing type of service during the forecast period. Banking, financial services & insurance (BFSI) is expected to account for the largest share of applications in 2018, followed by IT and telecommunications. North America is estimated to account for the largest share ofthe global cloud professional services market in2018, while Asia Pacificis projectedto bethe fastest-growing region duringthe forecastperiod.
Product Definition:
Cloud Professional Services is a term used for professional services that are delivered through the cloud. The importance of Cloud Professional Services is that they can help organizations to take advantage of the cloud and to get more value from their investment in the cloud.
Cloud Consulting:
Cloud consulting is a service that provides expertise and advice to enterprise clients on how to utilize the cloud technology such as SaaS, PaaS, IaaS or XaaS in their business. It helps them understand the technicalities of running applications on these technologies. Cloud consultants are experts in handling complex IT infrastructure and application development processes which include testing & deployment of software applications on various platforms such as private, public or hybrid clouds.
Cloud Systems Integration:
Cloud Systems Integration (CSI) is a set of tools and processes that help integrate business applications, data, and technologies across cloud platforms. It helps in reducing the complexity associated with moving enterprise applications to cloud while improving security and reliability. The primary objective of using these services is to allow enterprises to move their on-premise application infrastructure over to the public or private cloud without disrupting their existing IT infrastructure or operations.
Application Insights:
The banking, financial services and insurance (BFSI) segment accounted for the largest market share in 2017. The BFSI sector is one of the leading adopters of cloud computing owing to its critical nature and need for efficiency. The rapid growth of this industry has led to an increased demand for skilled professionals who can offer value-added solutions while managing complexity and changing requirements quickly.
The IT & telecommunication segment is anticipated to register a significant CAGR over the forecast period as providers are leveraging cloud computing platforms to enhance their offerings by offering flexible infrastructure, scalability, high availability, global reach capability with reduced costs and improved customer experience. Furthermore, regulatory bodies have issued numerous regulations regarding data security which has driven businesses towards adopting professional services in order to understand complex technicalities related to information security before they implement any new system or upgrade existing systems across their organizations globally.
Regional Analysis:
North America dominated the global market in 2017. North America is home to some of the largest technology companies such as IBM, Google, Microsoft Corporation; therefore it has a large pool of skilled professionals available for outsourcing. The region also happens to be one of the early adopters of cloud technologies and this is expected to bode well for its growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments by leading IT companies in developing countries such as India and China. For instance, Infosys Ltd.
The Middle East & Africa (MEA) region offers tremendous potential.
Growth Factors:
- Increased demand for cloud-based services and solutions due to the growing trend of cloud adoption by businesses of all sizes.
- Rapid proliferation of new technologies and services, such as big data, IoT, AI/ML, etc., that are being delivered as cloud-based offerings.
- The increasing need for agility and flexibility in order to quickly respond to changing business needs has driven organizations towards adopting cloud professional services model4. Growing demand from SMBs for affordable yet reliable managed IT services that can help them compete with larger businesses 5 Rising concerns around data security and privacy among businesses have led them towards adopting more secure and compliant cloud solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Professional Services Market Research Report
By Type
Cloud Consulting, Cloud Systems Integration, Cloud ADM (Application Development and Maintenance), Cloud Managed Services
By Application
Banking, Financial Services & Insurance (BFSI), IT and Telecommunications, Healthcare, Media and Entertainment, Government, Education,
By Companies
Deloitte, Wipro Limited, Tech Mahindra Limited, Accenture plc, Hewlett Packard Enterprise, Dell Inc. (EMC), KPMG International, Capgemini S.A., HCL, IBM, Tata Group, PricewaterhouseCoopers LLP, Cisco Systems, Inc., Nippon Telegraph and Telephone Corporation, Microsoft Corporation, CGI Group Inc.,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Professional Services Market Report Segments:
The global Cloud Professional Services market is segmented on the basis of:
Types
Cloud Consulting, Cloud Systems Integration, Cloud ADM (Application Development and Maintenance), Cloud Managed Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services & Insurance (BFSI), IT and Telecommunications, Healthcare, Media and Entertainment, Government, Education,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Deloitte
- Wipro Limited
- Tech Mahindra Limited
- Accenture plc
- Hewlett Packard Enterprise
- Dell Inc. (EMC)
- KPMG International
- Capgemini S.A.
- HCL
- IBM
- Tata Group
- PricewaterhouseCoopers LLP
- Cisco Systems, Inc.
- Nippon Telegraph and Telephone Corporation
- Microsoft Corporation
- CGI Group Inc.
Highlights of The Cloud Professional Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Consulting
- Cloud Systems Integration
- Cloud ADM (Application Development and Maintenance)
- Cloud Managed Services
- By Application:
- Banking, Financial Services & Insurance (BFSI)
- IT and Telecommunications
- Healthcare
- Media and Entertainment
- Government
- Education
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Professional Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Professional Services is a suite of services that helps organizations manage their cloud deployments. The services include:nnn- Cloud management platform (CMP)n- Cloud security and compliance platform (CSCP) n- Cloud orchestration and management toolkit (COAMTK) n- Data governance platform for the cloud (DGP4C)
Some of the key players operating in the cloud professional services market are Deloitte, Wipro Limited, Tech Mahindra Limited, Accenture plc, Hewlett Packard Enterprise, Dell Inc. (EMC), KPMG International, Capgemini S.A., HCL, IBM, Tata Group, PricewaterhouseCoopers LLP, Cisco Systems, Inc., Nippon Telegraph and Telephone Corporation, Microsoft Corporation, CGI Group Inc..
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud Professional Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cloud Professional Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cloud Professional Services Market - Supply Chain
4.5. Global Cloud Professional Services Market Forecast
4.5.1. Cloud Professional Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cloud Professional Services Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cloud Professional Services Market Absolute $ Opportunity
5. Global Cloud Professional Services Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cloud Professional Services Market Size and Volume Forecast by Type
5.3.1. Cloud Consulting
5.3.2. Cloud Systems Integration
5.3.3. Cloud ADM (Application Development and Maintenance)
5.3.4. Cloud Managed Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cloud Professional Services Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cloud Professional Services Market Size and Volume Forecast by Application
6.3.1. Banking, Financial Services & Insurance (BFSI)
6.3.2. IT and Telecommunications
6.3.3. Healthcare
6.3.4. Media and Entertainment
6.3.5. Government
6.3.6. Education
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cloud Professional Services Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cloud Professional Services Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cloud Professional Services Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cloud Professional Services Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cloud Professional Services Demand Share Forecast, 2019-2026
9. North America Cloud Professional Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cloud Professional Services Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cloud Professional Services Market Size and Volume Forecast by Application
9.4.1. Banking, Financial Services & Insurance (BFSI)
9.4.2. IT and Telecommunications
9.4.3. Healthcare
9.4.4. Media and Entertainment
9.4.5. Government
9.4.6. Education
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cloud Professional Services Market Size and Volume Forecast by Type
9.7.1. Cloud Consulting
9.7.2. Cloud Systems Integration
9.7.3. Cloud ADM (Application Development and Maintenance)
9.7.4. Cloud Managed Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cloud Professional Services Demand Share Forecast, 2019-2026
10. Latin America Cloud Professional Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cloud Professional Services Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cloud Professional Services Market Size and Volume Forecast by Application
10.4.1. Banking, Financial Services & Insurance (BFSI)
10.4.2. IT and Telecommunications
10.4.3. Healthcare
10.4.4. Media and Entertainment
10.4.5. Government
10.4.6. Education
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cloud Professional Services Market Size and Volume Forecast by Type
10.7.1. Cloud Consulting
10.7.2. Cloud Systems Integration
10.7.3. Cloud ADM (Application Development and Maintenance)
10.7.4. Cloud Managed Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cloud Professional Services Demand Share Forecast, 2019-2026
11. Europe Cloud Professional Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cloud Professional Services Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cloud Professional Services Market Size and Volume Forecast by Application
11.4.1. Banking, Financial Services & Insurance (BFSI)
11.4.2. IT and Telecommunications
11.4.3. Healthcare
11.4.4. Media and Entertainment
11.4.5. Government
11.4.6. Education
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cloud Professional Services Market Size and Volume Forecast by Type
11.7.1. Cloud Consulting
11.7.2. Cloud Systems Integration
11.7.3. Cloud ADM (Application Development and Maintenance)
11.7.4. Cloud Managed Services
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cloud Professional Services Demand Share, 2019-2026
12. Asia Pacific Cloud Professional Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cloud Professional Services Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cloud Professional Services Market Size and Volume Forecast by Application
12.4.1. Banking, Financial Services & Insurance (BFSI)
12.4.2. IT and Telecommunications
12.4.3. Healthcare
12.4.4. Media and Entertainment
12.4.5. Government
12.4.6. Education
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cloud Professional Services Market Size and Volume Forecast by Type
12.7.1. Cloud Consulting
12.7.2. Cloud Systems Integration
12.7.3. Cloud ADM (Application Development and Maintenance)
12.7.4. Cloud Managed Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cloud Professional Services Demand Share, 2019-2026
13. Middle East & Africa Cloud Professional Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cloud Professional Services Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cloud Professional Services Market Size and Volume Forecast by Application
13.4.1. Banking, Financial Services & Insurance (BFSI)
13.4.2. IT and Telecommunications
13.4.3. Healthcare
13.4.4. Media and Entertainment
13.4.5. Government
13.4.6. Education
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cloud Professional Services Market Size and Volume Forecast by Type
13.7.1. Cloud Consulting
13.7.2. Cloud Systems Integration
13.7.3. Cloud ADM (Application Development and Maintenance)
13.7.4. Cloud Managed Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cloud Professional Services Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cloud Professional Services Market: Market Share Analysis
14.2. Cloud Professional Services Distributors and Customers
14.3. Cloud Professional Services Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deloitte
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wipro Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tech Mahindra Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Accenture plc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hewlett Packard Enterprise
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dell Inc. (EMC)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KPMG International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Capgemini S.A.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HCL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. IBM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tata Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PricewaterhouseCoopers LLP
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cisco Systems, Inc.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nippon Telegraph and Telephone Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Microsoft Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CGI Group Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
