The Business Research Company’s Professional Cloud Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Professional Cloud Services Global Market Report 2023 evaluates professional cloud services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global professional cloud services market is poised for substantial growth, with projections indicating a robust trajectory. In 2022, the market was valued at $24.95 billion, and by 2023, it is anticipated to surge to $29.71 billion, reflecting a remarkable compound annual growth rate (CAGR) of 19.1%. However, the specter of the Russia-Ukraine conflict casts a shadow on the global economic recovery journey, particularly in the short term. The ongoing war has triggered a cascade of consequences, including widespread economic sanctions, escalating commodity prices, and disruptions in supply chains. These repercussions have ushered in inflationary pressures across the spectrum of goods and services, exerting a substantial impact on markets worldwide.
Looking ahead, the global professional cloud services market is set to expand even further, reaching an estimated value of $59.48 billion in 2027, boasting a CAGR of 19.0%. The impetus behind this expansion is the growing emphasis on digital transformation initiatives, which promise to be a driving force in the sector. Digital transformation involves harnessing cutting-edge digital technologies to revamp existing business processes or introduce innovative ones. In this context, professional cloud service providers emerge as pivotal partners, offering strategic insights, technology planning, and advisory services that enable organizations to realize their digital transformation objectives.
A telling example of this paradigm shift can be gleaned from a 2020 survey conducted by Software AG, a prominent Germany-based software company. The survey, encompassing IT leaders worldwide, revealed that a staggering 97% of respondents affirmed their organizations' investments in digital transformation initiatives. Furthermore, these IT directors expressed their intention to sustain and even augment these investments in 2021. This resounding endorsement underscores the palpable resonance of digital transformation efforts in the corporate landscape, illuminating their instrumental role in propelling the growth of the professional cloud services market. As businesses increasingly pivot towards digital transformation, the professional cloud services sector stands poised to be a vital enabler of this transformative journey.
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The professional cloud services market segments in the report are:
1) By Service Type: Consulting, Application Development And Modernization, Implementation And Migration, Integration And Optimization
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Service Model: Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS)
4) By Deployment Type: Public, Private, or Hybrid
5) By End-User Industry: Manufacturing, Healthcare, Retail, IT And Telecommunications, Government, Media And Entertainment, BFSI, Other End-User Industries
The table of contents in TBRC’s professional cloud services market report includes:
1. Executive Summary
2. Professional Cloud Services Market Characteristics
3. Professional Cloud Services Market Trends And Strategies
4. Professional Cloud Services Market - Macro Economic Scenario
5. Professional Cloud Services Market Size And Growth
......
26. Africa Professional Cloud Services Market
27. Professional Cloud Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Professional Cloud Services Market
29. Professional Cloud Services Market Future Outlook and Potential Analysis
30. Appendix
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Global Cloud Professional Services MarketThe GMI Research forecasts that the Cloud Professional Services Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to their advantages like better efficiency, less cost and risk mitigation, swift digitalization, rising offerings from cloud service providers, and the mounting endorsement of a complex cloud environment.Request a FREE Sample of Cloud Professional Services Market.Introduction of the Cloud Professional Services MarketThe cloud service catalyzes the IT transformation, thus providing the adaptability to collect preferred clouds and existent on-premises infrastructure in the proportion required according to the workforce.
The market majorly includes two deployment models: public cloud and private cloud.Key Players of the Global Cloud Professional Services Market:AccentureDeloitteTata Consulting Services LimitedPwCHCLAtos SECiscoIBMWiproCapgeminiCloud Professional Services Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)Rapid digitalization and the accelerating number of cloud service providers are the prominent drivers responsible for the growth of the global Cloud Professional Services market.
In addition, the augmenting consciousness concerned with the several benefits offered by these services, which include cost optimization, enhanced effectiveness, and increasing competition accompanied by the aggravating acquisition of complex cloud environments, are further strengthening the Cloud Professional Services market size.
Microsoft Corporation and Walgreens Boots Alliance Inc., in 2019, collaborated to launch a new healthcare delivery model with an objective to enhance the future of the healthcare system.
The companies are increasingly focussing on connecting the WBA stores and health information systems to the individuals through their digital devices.Furthermore, the increasing endorsement of these services by the healthcare sector owing to the requirement of 24*7 services and s a large amount of data to be handled for the benefit of the patients.
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