Lewes, DE -- (SBWIRE) -- 06/18/2019 -- Cloud professional services market refers a combination of capabilities including consulting/technical skills and functional knowledge.
An increased number of cloud solutions from various vendors have created a complex cloud environment. Cloud customers are struggling with integrating and managing applications, workloads, cloud stacks, and other facets of the shift to cloud. They are spending heavily on consultants and system integrators to educate, plan, and implement their cloud environments.
Accelerated demand for cloud-based solutions from various industry verticals including BFSI, government, education, and healthcare among others will continue to create significant opportunities for cloud professional services vendors, and leaders. This is also contributing towards the expansion of IT services portfolio by the cloud service providers to boost their revenue generating opportunities while catering to different segments of end customers.
The rapid adoption of cloud-based services by companies of all sizes will drive its demand due to its cost-effectiveness and ease of use. However, data security concerns associated with critical data storage in the cloud and technological constraints will impede the growing demand for cloud security solutions.
In 2018, the global Cloud Professional Services market size was 3743.7 million US$ and it is expected to reach 13230 million US$ by the end of 2025, with a CAGR of 19.8% during 2019-2025.
This report focuses on the global Cloud Professional Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cloud Professional Services development in United States, Europe and China.
The key players covered in this study
Tech Mahindra Limited
Hewlett Packard Enterprise
Dell Inc. (EMC)
Cisco Systems, Inc.
Nippon Telegraph and Telephone Corporation
CGI Group Inc.
Market segment by Type, the product can be split into
Cloud Systems Integration
Cloud ADM (Application Development and Maintenance)
Cloud Managed Services
Market segment by Application, split into
Banking, Financial Services & Insurance (BFSI)
IT and Telecommunications
Media and Entertainment
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Cloud Professional Services status, future forecast, growth opportunity, key market and key players.
To present the Cloud Professional Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Cloud Professional Services are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Spanning over 105 pages "Global Cloud Professional Services Market Size, Status and Forecast 2019-2025" report covers Report Overview, Global Growth Trends, Market Share by Key Players, Breakdown Data by Type and Application, International Players Profiles, Market Forecast 2019-2025, Analyst's Viewpoints/Conclusions, Appendix.
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