Cloud Professional Services Market Size, Share, Growth Report 2030

Market Overview

The Global Cloud Professional Services Market accounted for 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.

Cloud Professional Services provides cloud based infrastructure that adapts and evolves with the business. These services help the customers access business and technology requirements and manage IT operations for maximum efficiency and scalable growth. These services help analyze, build and deploy the IT strategy that supports and scales the organization. The market is primarily driven by variety of services offered by cloud providers. Organization around the globe have been coming up with new innovative cloud services which have integrated set of tools for commercial enterprises who need up-to-date cost data and efficient solutions. These services are intended to provide increased visibility and efficiency in the operations of the organizations, thus facilitating smooth function of overall processes.

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COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted the entire eco-system of all industries globally. To maintain safety during the pandemic, many organizations have changed their policies and regulations. Due to the restricted lockdowns, businesses had to change their functioning and reconsider operational choices. There has been increased demand for the cloud services as many organizations are preferring in this pandemic. Governments are also working closely with the cloud providers to fight the pandemic. White House had recently announced COVID-19 High Performance Computing Consortium in order to provide the COVID-19 researchers globally with the access to the most powerful high-performance computing resources.

Growth Factors

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.

Report Scope :

Service Type Analysis Preview

The Cloud Professional Services vendors offer the consulting services to the customers who have limited knowledge and awareness regarding the current enterprise infrastructure. The customers who intend to upgrade its infrastructure can harness the expertise of cloud professional service providers and thus benefit to the maximum from these services. These consulting services also include the function of spreading the information to those who want to expand their storages and want to upgrade the existing features.

Cloud integration is the system of tools and technologies that connect various applications, repositories and systems for real time exchange of data. These integration services have opened a world of new opportunities for the organizations wanting to connect disparate systems. Employing these services gives the organizations a comprehensive access and visibility into their data thus improving functional connectivity.

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Industry Vertical Analysis Preview

This is due to the fact that usage of cloud services increases the efficiency of the industry, thus decreasing the overall costs. The cloud computing makes the medical records sharing much easier and safer, facilitates the creation of telehealth applications and automated backend operations. The Cloud platform is useful in the medical sector in scheduling, registration, medical records storing and billings. These services also helps in streamlining manual processes and drag out important data out of its silos, thus enhancing the patient’s experience.

Regional Analysis Preview

North America held a share of 35% in 2020. It is supposed to be one of the highest revenue-generating regions for this market during the forecasted period. 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.

Asia-Pacific is expected to have the CAGR of 19.2% from 2021 to 2028. This is due to the fact that there has been increasing demand for digitization driven by various initiatives by the government in the region. Countries have been readily adopting new age technologies such as AI, IoT, Analytics and cloud. This rising adoption of cloud is paving the higher demand for the cloud based services. Also, the affordability and ease of deployment of cloud services are the major factors for the demand.

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Key Market Players & Competitive Landscape

Some of the key players in the Cloud Professional Services Market include 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.

In February 2021, Accenture launched New Business Group with VMware in order to help organizations move to the cloud at a faster rate. The new business group will launch a specialized VMware cloud migration factory to migrate computing workloads to cloud efficiently, rapidly and more securely.

The Global Cloud Professional Services Market is segmented as follows:

By Service Type

• Integration and Optimization
• Consulting
• Implementation and Migration
• Application Development

By Industry Vertical

• BFSI
• Healthcare
• Retail

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa