04-Aug-2021 | Zion Market Research
Major companies in Cloud Professional Services market are Capgemini SE, Accenture PLC, Cisco Systems Inc., Amazon Web Services Inc. (Amazon.com, Inc.), Hewlett Packard Enterprise Company, Atos SE, Microsoft Corporation, Dell Technologies Inc., Fujitsu Limited, HCL Technologies Limited, Infosys Limited, NTT DATA Corporation (Nippon Telegraph and Telephone), Oracle Corporation and SAP SE among others.
These players are set to bolster the development of global Cloud Professional Services market.
According to analysts at Zion Market Research, the global Cloud Professional Services market accounted for more than USD 14.18 Billion in 2020 and is expected to reach USD 48.13 Billion by 2028, growing at a CAGR of 16.5 from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Cloud Professional Services Market By Service Type (Integration and Optimization, Consulting, Implementation and Migration, Application Development and others), By Industry Vertical (BFSI, Healthcare, Retail and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.”
The variety of services offered by cloud providers to Spur Growth
The increasing adoption of the cloud is due to the variety of services offered by the cloud providers. The CPS vendors have also increased their offerings by using new technologies such as AI and ML with integrating the cloud platforms, thus creating an eco-system for the clients. The factors such as increased efficiency, risk mitigation, reduced cost and increased competition have been encouraging the organizations to opt for cloud professional services. Also, the cloud service providers and vendors have been making strategic partnerships to make cloud adoption a seamless experience for the customers.
The rising adoption of robotics on account of emerging automation trends in the manufacturing processes has further influenced the demand for the cloud professional services to deploy the robotic applications on cloud. The increasing focus on digitizing the business processes is further paving the way for these cloud services. The usage of AI and ML by the service providers is making the overall environment of Information Technology agile, thus propelling the growth of this market.
Global Cloud Professional Services-Market
With the presence of a large pool of participants, the global Cloud Professional Services is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Capgemini SE, Accenture PLC and Cisco Systems Inc. are some of the key vendors of Cloud Professional Services market across the world. These players across Cloud Professional Services market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the Cloud Professional Services market study.
High expenditure on the business operations In The Region Support North American Dominance
Regionally, North America has been leading the worldwide Cloud Professional Services market and is anticipated to continue on the dominant position in the years to come, states the Cloud Professional Services market study. This high growth is due to the fact US markets have adopted the cloud-based markets very early. The scarcity of the resources to create in-house facilities and increasing demand of using own devices are the factors helping this region to have a greater demand. The IT management complexity combined with the ability to deploy new applications faster are the primary drivers for this market.
Browse the full “Cloud Professional Services Market By Service Type (Integration and Optimization, Consulting, Implementation and Migration, Application Development and others), By Industry Vertical (BFSI, Healthcare, Retail and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/cloud-professional-services-market
The global Cloud Professional Services Market is segmented as follows:
By Service Type
By Industry Vertical
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