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Cloud Professional Services Market By Service Type (Consulting, Application Development and Modernization, Implementation and Migration, Integration and Optimization), By Deployment Mode (Public Cloud, Private Cloud), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Verticals (BFSI, Manufacturing, Healthcare and Lifesciences, IT and ITES, Government, Telecommunications, Retail and Consumer Goods, Energy and utilities, Others), and By Region - Global Industry Overview, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2022–2028

Covid-19

Global Cloud Professional Services Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[203+ Pages Report] According to Facts and Factors, the global cloud professional services market was valued at USD 14.7 billion in 2021 and is predicted to increase at a CAGR of 16.80% to USD 37.3 billion by 2029. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

logoMarket Overview

Cloud professional services offer targeted guidance and technical expertise to assist organizations in managing their cloud-based infrastructure in a flexible and cost-effective manner. These services are provided through a variety of tools, practices, and frameworks that assist enterprises in simplifying and focusing on their day-to-day business operations while increasing productivity. Service providers are now offering automated cloud environment solutions to shorten the product development cycle, reduce overall operating costs, and eliminate human errors in manufacturing facilities. The increased emphasis on digitizing business processes is encouraging the use of cloud computing across multiple industry verticals to improve business agility and protect sensitive data and workloads.

The increasing offerings from cloud service providers, the growing need for digitalization, the adoption of the complex cloud environment, and the paradigm shift to the cloud as a result of the COVID- 19 pandemic are expected to drive the growth of the cloud professional services industry. The cloud's rapid adoption can also be attributed to the plethora of offerings provided by cloud providers. CPS vendors are also expanding their offerings by incorporating new technologies such as AI and ML with cloud platform integration, thereby creating an ecosystem for their clients. Benefits such as increased efficiency, lower costs, risk mitigation, and increased competition are enticing businesses to choose cloud professional services. Cloud service providers and CPS vendors are forming strategic alliances to make cloud adoption easier for their customers.

logo COVID-19 Impact Analysis

Many corporations have changed their regulations and policies in order to ensure the safety of their employees during COVID-19. The inability to move the workforce and coordinate HR as previously was the primary cause of the business disruption. Inability to travel and cross borders, as well as social distancing, have forced businesses to change their current operating models and reconsider operational decisions. Governments are collaborating closely with cloud providers to combat the COVID-19 pandemic; for example, the White House has announced the formation of the COVID-19 High-Performance Computing Consortium to provide global COVID-19 researchers with access to the world's most powerful high-performance computing resources, which can significantly accelerate the pace of scientific discovery in order to stop the virus.

The complete research study looks at both the qualitative and quantitative aspects of the cloud professional services market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

logoSegmentation Analysis

The global cloud professional services market is segregated based on service type, deployment model, organization size, and verticals.

By the service type, the consulting segment will remain stable during the forecast period. Cloud professional services vendors provide consulting services to users who have limited knowledge about upgrading current enterprise infrastructure. Users who want to upgrade their infrastructure can take advantage of the expertise of cloud professional service providers who specialize in the deployment of cloud-based systems across industry-specific use cases, which aids in the implementation of the right mix of services. Implementation services help clients achieve their business goals faster by planning, accessing current systems, performing quality validation and verification, and providing support.

By the deployment model, the public cloud segment will have a larger market share during the forecast period. The services provided through the public deployment model are either free or available through a subscription model. It assists organizations in meeting their scalability requirements, as well as providing a pay-per-usage pricing strategy and ease of deployment. To prevent data loss, the public cloud is typically designed with built-in redundancies. A private cloud deployment model allows a company to gain better control over its data and reduce risks such as data loss and regulatory compliance issues. Only authorized users can access the system in the private cloud, which is used in banking and financial institutions, large enterprises, and government organizations.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 14.7 Billion

Projected Market Size in 2028

USD 37.3 Billion

CAGR Growth Rate

16.80% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Accenture (Ireland), IBM (US), Deloitte (UK), EY (UK), PwC (UK), HPE (US), Wipro (India), HCL (India), TCS (India), Capgemini (France), Atos (France), Cisco (US), Cognizant (India), DXC (US), Hitachi Vantara (US), Infosys (India), LTI (India), NTT Data (Japan), Rackspace (US), T-Systems (Germany), AWS (US), Google (US), Microsoft (US), Fujitsu (Japan), Alibaba Cloud (China), and Others

Key Segment

By Service Type, Deployment Mode, Organization Size, Verticals, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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logo Regional Landscape

APAC is one of the fastest-growing regions in terms of technology adoption, with various initiatives carried out by various governments and large enterprises in the region driving the demand for digitlization. Countries such as China, Japan, Australia, Singapore, India, and Indonesia are at the forefront of technology adoption, embracing cutting-edge technologies such as AI, edge computing, IoT, analytics, and cloud computing.

The increasing adoption of cloud technologies is a major driver of cloud professional services adoption among enterprises in this region. The affordability and ease of deployment of cloud services would be major factors in enterprise adoption of cloud technologies.

logoCompetitive Landscape

List of Key Players in the Global Cloud Professional Services Market:

  • Accenture (Ireland)
  • IBM (US)
  • Deloitte (UK)
  • EY (UK)
  • PwC (UK)
  • HPE (US)
  • Wipro (India)
  • HCL (India)
  • TCS (India)
  • Capgemini (France)
  • Atos (France)
  • Cisco (US)
  • Cognizant (India)
  • DXC (US)
  • Hitachi Vantara (US)
  • Infosys (India)
  • LTI (India)
  • NTT Data (Japan)
  • Rackspace (US)
  • T-Systems (Germany)
  • AWS (US)
  • Google (US)
  • Microsoft (US)
  • Fujitsu (Japan)
  • Alibaba Cloud (China)

The global Cloud Professional Services market is segmented as follows:

logoBy Service Type Segment Analysis

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

logoBy Deployment Mode Segment Analysis

  • Public Cloud
  • Private Cloud

logoBy Organization Size Segment Analysis

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

logoBy Verticals Segment Analysis

  • BFSI
  • Manufacturing
  • Healthcare and Lifesciences
  • IT and ITES
  • Government
  • Telecommunications
  • Retail and Consumer Goods
  • Energy and Utilities
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Cloud Professional Services Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Accenture (Ireland)
  • IBM (US)
  • Deloitte (UK)
  • EY (UK)
  • PwC (UK)
  • HPE (US)
  • Wipro (India)
  • HCL (India)
  • TCS (India)
  • Capgemini (France)
  • Atos (France)
  • Cisco (US)
  • Cognizant (India)
  • DXC (US)
  • Hitachi Vantara (US)
  • Infosys (India)
  • LTI (India)
  • NTT Data (Japan)
  • Rackspace (US)
  • T-Systems (Germany)
  • AWS (US)
  • Google (US)
  • Microsoft (US)
  • Fujitsu (Japan)
  • Alibaba Cloud (China)

Frequently Asked Questions

The global cloud professional market was valued at USD 14.7 billion in 2021.
The global cloud professional market is expected to reach USD 37.3 billion by 2028, growing at a CAGR of 16.80% during forecast period.
Some of the key factors driving the global cloud professional market growth includes the increasing offerings from cloud service providers, the growing need for digitalization, the adoption of the complex cloud environment, and the paradigm shift to the cloud as a result of the COVID- 19 pandemic are expected to drive the growth of the cloud professional services market.
Asia Pacific region held a substantial share of the cloud professional market in 2021.
Some of the major companies operating in the cloud professional market are Accenture (Ireland), IBM (US), Deloitte (UK), EY (UK), PwC (UK), HPE (US), Wipro (India), HCL (India), TCS (India), Capgemini (France), and other.
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