Professional Cloud Services Global Market Report 2024

Description

Professional Cloud Services Global Market Report 2024 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.

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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.

Scope

Markets Covered:

1) By Service Type: Consulting; Application Development And Modernization; Implementation And Migration; Integration And Optimization
2) By Service Model: Platform as a Service (PaaS); Software as a Service (SaaS); Infrastructure as a Service (IaaS)
3) By Deployment Type: Public; Private; Hybrid
4) By Organization Size: Small And Medium-Sized Enterprises (SMEs); Large Enterprises
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 Inc.; Cisco Systems Inc.; Oracle Corporation; Microsoft Corporation; Accenture PLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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

Professional cloud services encompass companies offering specialized support to assist businesses in the creation, implementation, and management of cloud systems.

The primary categories of professional cloud services include consulting, application development and modernization, implementation and migration, integration, and optimization. Consulting involves offering expert guidance or support in specific professional or technological domains. These services cater to organizations, encompassing small and medium-sized enterprises (SMEs) and large enterprises, deploying platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS) models to establish robust cloud solutions across public, private, and hybrid frameworks. Various industries such as manufacturing, healthcare, retail, IT and telecommunications, government, media and entertainment, BFSI, and other sectors utilize these services.

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.

The professional cloud services market size has grown rapidly in recent years. It will grow from $29.41 billion in 2023 to $34.56 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth observed during the historical period can be attributed to several factors, including digital transformation initiatives, cost-efficiency measures, the globalization of businesses, the surge in data volumes, a heightened focus on business continuity, and the increase in remote work practices.

The professional cloud services market size is expected to see rapid growth in the next few years. It will grow to $68.07 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The projected growth in the upcoming period is expected to stem from several factors, including the expansion of edge computing, the development of industry-specific solutions, a concentrated effort on sustainability, improved data governance and privacy practices, and the increased adoption of containers and microservices. Noteworthy trends anticipated for this period encompass hybrid and multi-cloud deployments, cloud migration and modernization strategies, the rise of managed cloud services, a heightened focus on cloud security measures, the emergence of edge computing and fog computing solutions, the integration of serverless computing models, the orchestration of containers and Kubernetes, and exploration into the realm of quantum computing.

The professional cloud services market anticipates substantial growth due to heightened emphasis on digital transformation initiatives. This strategic shift involves employing digital technologies to revamp or develop new business processes. Service providers in professional cloud services assist businesses by offering strategic planning and technology advisory services to achieve organizational objectives through digital transformation. A global poll by Software AG in January 2021 revealed that 97% of polled IT directors invested in digital transformation initiatives, with continued expenditure anticipated for the year, indicating a significant driving force for the professional cloud services market.

The surge in demand for cloud computing is anticipated to drive the professional cloud services market. Cloud computing, facilitating the delivery of various computing services over the internet, is integral for organizations and individuals managing hardware and software infrastructure. Professional cloud services leverage cloud computing to safeguard sensitive data, mitigate cyber threats, and offer diverse business solutions. According to Google LLC's report in January 2023, there was a notable increase of 56% in public cloud usage from 2021 to 2022, with 76% of individuals using the public cloud in 2022, signifying the significant demand propelling the professional cloud services market.

Innovations within professional cloud services represent a prevailing trend in this market segment. Key industry players are dedicated to introducing innovative services such as new leads and proposals, integrated cloud services, and tailored solutions. For instance, Infosys and SAP collaborated to develop the leads and proposals solution, utilizing predictive analytics and SAP's Business Technology Platform to provide industry-specific services to clients, leading to cost reductions, improved lead conversions, and accelerated revenue growth.

Major companies within the professional cloud services arena are unveiling novel services to gain a competitive edge. Tech Mahindra's launch of Cloud BlazeTech in December 2022 exemplifies this pursuit, offering an integrated platform to drive business value for cloud-powered enterprises worldwide. Cloud BlazeTech streamlines cloud transformation journeys by integrating migration, operational models, and governance structures, supporting infrastructural transformation and facilitating a move towards a cloud-native environment.

In February 2022, IBM's acquisition of Neudesic underscores the company's strategic move to expand its hybrid multi-cloud services portfolio and advance hybrid cloud and artificial intelligence strategies. Neudesic, a software company in the professional cloud services sector, becomes a part of IBM's expansion initiative in this domain.

Major companies operating in the professional cloud services market report are Amazon Web Services Inc., Cisco Systems Inc., Oracle Corporation, Microsoft Corporation, Accenture PLC, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, PricewaterhouseCoopers International Limited, Hewlett Packard Enterprise Company, Wipro Limited, Tata Consultancy Services Limited, Capgemini SE, Fujitsu Limited, Nippon Telegraph and Telephone Data Corporation (NTT Data Corporation), Societas Europaea, SAP SE, Infosys Limited, Hindustan Computers Pvt., Cognizant Technology Solutions Corporation, DXC Technology Company, Romexsoft, SourceFuse Technologies Inc., ELEKS Software Engineering and Development Inc., Prakash Software Solutions Pvt. Ltd., Cloudreach Ltd., Cloud Technology Partners Inc., Cloud Sherpas LLC, Cloudnexa Inc., Datapipe Inc.

North America was the largest region in the professional cloud services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the professional cloud services market report during the forecast period. The regions covered in the professional cloud services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the professional cloud services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The professional cloud services market includes revenues earned by entities through 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.

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.

Product Code: r12982

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

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Professional Cloud Services Market Size and Growth

5.1. Global Professional Cloud Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Professional Cloud Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Professional Cloud Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Professional Cloud Services Market Segmentation

6.1. Global Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consulting
Application Development And Modernization
Implementation And Migration
Integration And Optimization
6.2. Global Professional Cloud Services Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Public
Private
Hybrid
6.3. Global Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small And Medium-Sized Enterprises (SMEs)
Large Enterprises
6.4. Global Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Manufacturing
Healthcare
Retail
IT And Telecommunications
Government
Media And Entertainment
BFSI
Other End-User Industries

7. Professional Cloud Services Market Regional And Country Analysis

7.1. Global Professional Cloud Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Professional Cloud Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Professional Cloud Services Market

8.1. Asia-Pacific Professional Cloud Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Professional Cloud Services Market

9.1. China Professional Cloud Services Market Overview
9.2. China Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Professional Cloud Services Market

10.1. India Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Professional Cloud Services Market

11.1. Japan Professional Cloud Services Market Overview
11.2. Japan Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Professional Cloud Services Market

12.1. Australia Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Professional Cloud Services Market

13.1. Indonesia Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Professional Cloud Services Market

14.1. South Korea Professional Cloud Services Market Overview
14.2. South Korea Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Professional Cloud Services Market

15.1. Western Europe Professional Cloud Services Market Overview
15.2. Western Europe Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Professional Cloud Services Market

16.1. UK Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Professional Cloud Services Market

17.1. Germany Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Professional Cloud Services Market

18.1. France Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Professional Cloud Services Market

19.1. Italy Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Professional Cloud Services Market

20.1. Spain Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Professional Cloud Services Market

21.1. Eastern Europe Professional Cloud Services Market Overview
21.2. Eastern Europe Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Professional Cloud Services Market

22.1. Russia Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Professional Cloud Services Market

23.1. North America Professional Cloud Services Market Overview
23.2. North America Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Professional Cloud Services Market

24.1. USA Professional Cloud Services Market Overview
24.2. USA Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Professional Cloud Services Market

25.1. Canada Professional Cloud Services Market Overview
25.2. Canada Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Professional Cloud Services Market

26.1. South America Professional Cloud Services Market Overview
26.2. South America Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Professional Cloud Services Market

27.1. Brazil Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Professional Cloud Services Market

28.1. Middle East Professional Cloud Services Market Overview
28.2. Middle East Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Professional Cloud Services Market

29.1. Africa Professional Cloud Services Market Overview
29.2. Africa Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Professional Cloud Services Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Professional Cloud Services Market Competitive Landscape And Company Profiles

30.1. Professional Cloud Services Market Competitive Landscape
30.2. Professional Cloud Services Market Company Profiles
- 30.2.1. Amazon Web Services Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Cisco Systems Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Oracle Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Microsoft Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Accenture plc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Professional Cloud Services Market Competitive Benchmarking

32. Global Professional Cloud Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Professional Cloud Services Market

34. Professional Cloud Services Market Future Outlook and Potential Analysis

34.1 Professional Cloud Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Professional Cloud Services Market In 2028 - Segments Offering Most New Opportunities
34.3 Professional Cloud Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer