Market Research Report
Cloud Professional Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||976013|
|Published||Content info||141 Pages
Delivery time: 2-3 business days
|Cloud Professional Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: December 5, 2020||Content info: 141 Pages||
The global cloud professional services market grew at a CAGR of around 20% during 2014-2019. Cloud professional services provide targeted guidance and technical expertise to help organizations manage their cloud-based infrastructure flexibly and cost-effectively. These services are delivered through various tools, practices and frameworks, which assist enterprises in simplifying and focusing on their everyday business activities and improving productivity. Nowadays, service providers are offering automated cloud environment solutions to speed up the product development cycle, minimize overall operating costs and prevent human errors in manufacturing facilities.
The rising focus on digitizing business processes is encouraging the utilization of cloud computing across various industry verticals to improve business agility and protect sensitive data and workloads. This represents one of the key factors spurring the global cloud professional services market growth. The widespread adoption of robotics on account of the emerging automation trends in manufacturing processes is further positively influencing the demand for cloud professional services to deploy robotic applications on the cloud. Apart from this, service providers are integrating cloud platforms with analytics tools, artificial intelligence (AI), machine learning (ML) and development and operations (DevOps) to run a hybrid cloud environment. This, along with the rising emphasis on creating an agile information technology (IT) environment to stay competitive in changing market conditions, is propelling the market growth. Furthermore, the increasing adoption of remote working models due to the coronavirus disease (COVID-19) outbreak is escalating the demand for cloud computing solutions to maintain business continuity. This, in turn, is anticipated to stimulate the market growth. Looking forward, IMARC Group expects the global cloud professional services market to continue its strong growth during the next five years.