Global Cloud Professional Services Market
The 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.
Introduction of the Cloud Professional Services Market
The 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:
- Tata Consulting Services Limited
- Atos SE
Cloud 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. Moreover, these services allow easy sharing of data across medical service providers, enhancing efficiency and reducing the time taken to complete a particular task. 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. The manufacturers are increasingly opting for sophisticated technologies such as Artificial Intelligence (AI) ad Machine Learning (ML) combined with the cloud platforms to create an ecosystem with their target audience, which will further add to the Cloud Professional Services market growth.
However, the inadequacy of skilled professionals and the soaring number of cyberattacks are hindering market growth.
Cloud Professional Services Market Segmentation:
Segmentation by Service Type
- Implementation and Migration
- Application Development and Modernization
Segmentation by Deployment Model
- Public Cloud
- Private Cloud
Segmentation by Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises
Segmentation by Vertical
- Retail and Consumer Goods
- IT and ITES
- Healthcare and Life Sciences
- Energy and Utilities
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.