Professional Cloud Services Global Market Report 2023

“Professional Cloud Services Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on professional cloud services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for professional cloud services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The professional cloud services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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); Infrastructure as a Service (IaaS)

• 4) By Deployment Type: Public; Private; Hybrid

• 5) By End-User Industry: Manufacturing; Healthcare; Retail; IT And Telecommunications; Government; Media And Entertainment; BFSI; Other End-User Industries

• Companies Mentioned: Amazon Web Services; Cisco Systems Inc.; Oracle Corporation; Microsoft Corporation; Accenture plc

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the professional cloud services market are: Amazon Web Services, Cisco Systems Inc., Oracle Corporation, Microsoft Corporation, Accenture PLC., IBM, Fujitsu Limited, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Capgemini SE, Wipro Limited, Atos, Infosys Limited, Cognizant, HCL Technologies, Tata Consultancy Services, Rackspace Technology, and Google LLC.

The global professional cloud services market is expected to grow from $24.95 billion in 2022 to $29.71 billion in 2023 at a compound annual growth rate (CAGR) of 19.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The professional cloud services market is expected to grow to $59.48 billion in 2027 at a CAGR of 19.0%.

The professional cloud services market includes revenues earned by entities by production IaaS, test and development IaaS, disaster recovery IaaS, customer relationship management (CRM) software, enterprise resource planning (ERP) software, and accounting software . The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Professional cloud services refer to companies providing expert assistance to aid businesses in designing, implementing, and managing cloud systems.

North America was the largest region in the professional cloud services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of professional cloud services are consulting, application development and modernization, implementation and migration, integration, and optimization. Consulting refers to the business giving expert advice or support about a particular profession or technology. The organizations including small and medium-sized enterprises (SMEs), and large enterprises install services such as platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS) used to deploy high-end cloud solutions in three major models such as public, private, and hybrid. These services are used by various end-user industries such as manufacturing, healthcare, retail, IT and telecommunications, government, media and entertainment, BFSI, other end-user industries.

A growing focus on digital transformation initiatives is expected to propel the growth of the professional cloud services market going forward. The act of employing digital technologies to develop new business processes or change current ones is known as digital transformation. Professional cloud service providers assist businesses by offering strategy and technology planning and advisory services for digital transformation to achieve organizational goals. As a result, the focus of businesses on digital transformation is in turn, driving the professional cloud services market. For instance, in 2020, as per Situation Report, a global poll of IT Leaders and their digital transformation investment strategies by Software AG, a Germany-based software company, 97% of IT directors polled stated their organization invested in digital transformation initiatives and also expect that expenditure to continue in 2021. Therefore, the growing focus on digital transformation initiatives is driving the growth of the professional cloud services market.

Innovations in professional cloud services are a key trend gaining popularity in the professional cloud services market. Major companies operating in the professional cloud services market are focused on offering innovative services such as new leads and proposals solutions, an integrated cloud service. For instance, in September 2021, Infosys, an India-based information technology company, and SAP, a Germany-based software company, jointly developed and launched the leads and proposals solution, part of SAP's cloud professional services portfolio for the professional services industry. This innovative service uses predictive analytics and the built SAP Business Technology Platform (SAP BTP) to offer its clients an industry-specific service that offers various benefits including a reduction in their costs with improved lead conversion, and accelerated revenue growth.

In February 2022, IBM, a a US-based technology company, acquired Neudesic for an undisclosed amount. Through this acquisition, IBM aims to expand its portfolio of hybrid multi-cloud services and further advance its hybrid cloud and artificial intelligence strategy. Neudesic is a a US-based software company operating in the professional cloud services market.

The countries covered in the Professional Cloud Services market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The professional cloud services market research report is one of a series of new reports from The Business Research Company that provides professional cloud services market statistics, including professional cloud services industry global market size, regional shares, competitors with a professional cloud services market share, detailed professional cloud services market segments, market trends and opportunities, and any further data you may need to thrive in the professional cloud services industry. This professional cloud services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.