The Global Cloud Professional Services market is expected to grow from USD 14.5 billion in 2020 to USD 50.2 billion by 2028, at a CAGR of 16.8% during the forecast period 2021-2028.
The cloud professional services market refers to a set of competencies that includes consulting/technical expertise and functional knowledge. Cloud professional services allow enterprises to use cloud technology to improve company operations and productivity. Furthermore, these services enable organizations to develop, deploy, and manage cloud systems to increase efficiency, flexibility, and infrastructure scalability. Vendors help end customers move from hardware or on-premise architecture to a cloud-based solution. These services also aid in optimizing pre-existing cloud systems, and vendors include consultation and advising, integration, application modernization, customized application development, implementation, migration, optimization, product installation, and maintenance and support. Cloud professional services are much more than simply a cloud delivery model that reduces the cost of deploying systems; it provides end-to-end delivery solutions that add value to customers throughout the enterprise's business and technical operations. Operating a business on behalf of a customer offers service providers more significant insights into implementing services resulting from new business requirements, technological changes, or newly enforced legislation. Cloud professional capabilities offer businesses to establish high-end cloud solutions in three primary models: private cloud, public cloud, and hybrid cloud, to drive business operations, enhance efficiency, flexibility, and infrastructure scalability.
The factors driving the market are the increasing cloud provider capabilities, rapid cloud adoption, and increased demand for cloud-based solutions throughout various sectors, including BFSI, education, healthcare, and government, among others. Also, several benefits associated with professional cloud services, including lower costs, greater flexibility, increased productivity, and less risk, contribute to market growth. The factors restraining the market growth are problems with regulatory compliance and complexity in establishing cloud services. Raising the level of awareness is expected to provide market growth opportunities.
This study delivers a comprehensive analysis of Enterprise Size, Service Type, Deployment Model, Vertical, and region. The Enterprise Size segment includes Large Enterprises and Small and Medium-Sized Enterprises. The Large Enterprises segment held a significant market share due to the increasing numbers of organizations and high adoption rate in the industry. The Service Type segment includes Implementation and Migration, Application Development and Modernization, Consulting, and Integration and Optimization. The Implementation and Migration segment held the largest market share, owing to the flexibility, scalability, adaptability to changing workloads, increased productivity, agility, improved application security, and cost savings. The Deployment Model segment includes Private Cloud, Public Cloud, and Hybrid Cloud. The Public Cloud segment holds a significant market share, owing to the scalability offered in services, a pay-per-usage pricing model, and ease of setup. The Vertical segment includes IT & Telecom, BFSI, Healthcare, Government & Defense, Retail & eCommerce, Manufacturing, Media & Entertainment, Others. The Healthcare segment holds the largest market share, owing to the increasing usage of Cloud Professional Services in the healthcare sector, easy data transfer amongst medical service providers, and medical support using gadgets to improve medication adherence and minimize emergency department visits.
The market has been divided into Asia-Pacific, North America, Middle East & Africa, Europe, and South America. North America held the largest market share in the U.S., owing to a diverse set of end-users who are well-versed in technology and early adopters of solutions that include new capabilities. The Asia-Pacific region is anticipated to grow and holds the largest share because of the growing digitalization demand, expanding cloud technology usage, and the accessibility of cloud services in the region.
Some of the prominent players in the market are Google, Microsoft, HCL, Deloitte, Wipro, Accenture, IBM, Cognizant, EY, PwC, HPE, Capgemini, Atos, Infosys, Cisco, DXC, Hitachi Vantara, LTI, NTT Data, Rackspace, T-Systems, and AWS. In February 2021, Accenture and VMware have formed a New Business Group to assist companies in moving to the cloud more quickly. The new business group intends to bring together devoted specialists with extensive knowledge of hybrid cloud and cloud migrations, cloud-native and application modernization, and security across significant sectors.
Global Cloud Professional Services Market Analysis and Forecast, Enterprise Size
Global Cloud Professional Services Market Analysis and Forecast, Service Type
Global Cloud Professional Services Market Analysis and Forecast, Deployment Model
Global Cloud Professional Services Market Analysis and Forecast, Verticals
Global Cloud Professional Services Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Enterprise Size
4.3.2. Market Attractiveness Analysis By Service Type
4.3.3. Market Attractiveness Analysis By Deployment Model
4.3.4. Market Attractiveness Analysis By Vertical
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increased demand for cloud-based solutions
5.3. Restrains
5.3.1. Regulatory compliance
5.4. Opportunities
5.4.1. Raising the level of awareness
6. Global Cloud Professional Services Market Analysis and Forecast, By Enterprise Size
6.1. Segment Overview
6.2. Large Enterprises
6.3. Small and Medium-Sized Enterprises
7. Global Cloud Professional Services Market Analysis and Forecast, By Service Type
7.1. Segment Overview
7.2. Implementation and Migration
7.3. Application Development and Modernization
7.4. Consulting
7.5. Integration and Optimization
8. Global Cloud Professional Services Market Analysis and Forecast, By Deployment Model
8.1. Segment Overview
8.2. Public Cloud
8.3. Private Cloud
8.4. Hybrid Cloud
9. Global Cloud Professional Services Market Analysis and Forecast, By Vertical
9.1. Segment Overview
9.2. IT & Telecom
9.3. BFSI
9.4. Healthcare
9.5. Government & Defense
9.6. Retail & eCommerce
9.7. Manufacturing
9.8. Media & Entertainment
9.9. Others
10. Global Cloud Professional Services Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Cloud Professional Services Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Cloud Professional Services Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Google
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Microsoft
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. HCL
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Deloitte
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Wipro
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Accenture
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. IBM
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Cognizant
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. EY
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. PwC
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. HPE
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Capgemini
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. Atos
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
12.14. Infosys
12.14.1. Business Overview
12.14.2. Company Snapshot
12.14.3. Company Market Share Analysis
12.14.4. Company Product Portfolio
12.14.5. Recent Developments
12.14.6. SWOT Analysis
12.15. Cisco
12.15.1. Business Overview
12.15.2. Company Snapshot
12.15.3. Company Market Share Analysis
12.15.4. Company Product Portfolio
12.15.5. Recent Developments
12.15.6. SWOT Analysis
12.16. DXC
12.16.1. Business Overview
12.16.2. Company Snapshot
12.16.3. Company Market Share Analysis
12.16.4. Company Product Portfolio
12.16.5. Recent Developments
12.16.6. SWOT Analysis
12.17. Hitachi Vantara
12.17.1. Business Overview
12.17.2. Company Snapshot
12.17.3. Company Market Share Analysis
12.17.4. Company Product Portfolio
12.17.5. Recent Developments
12.17.6. SWOT Analysis
12.18. LTI
12.18.1. Business Overview
12.18.2. Company Snapshot
12.18.3. Company Market Share Analysis
12.18.4. Company Product Portfolio
12.18.5. Recent Developments
12.18.6. SWOT Analysis
12.19. NTT Data
12.19.1. Business Overview
12.19.2. Company Snapshot
12.19.3. Company Market Share Analysis
12.19.4. Company Product Portfolio
12.19.5. Recent Developments
12.19.6. SWOT Analysis
12.20. Rackspace
12.20.1. Business Overview
12.20.2. Company Snapshot
12.20.3. Company Market Share Analysis
12.20.4. Company Product Portfolio
12.20.5. Recent Developments
12.20.6. SWOT Analysis
12.21. T-Systems
12.21.1. Business Overview
12.21.2. Company Snapshot
12.21.3. Company Market Share Analysis
12.21.4. Company Product Portfolio
12.21.5. Recent Developments
12.21.6. SWOT Analysis
12.22. AWS
12.22.1. Business Overview
12.22.2. Company Snapshot
12.22.3. Company Market Share Analysis
12.22.4. Company Product Portfolio
12.22.5. Recent Developments
12.22.6. SWOT Analysis
List of Table
1. Global Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
2. Global Large Enterprises, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
3. Global Small and Medium-Sized Enterprises, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
4. Global Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
5. Global Implementation and Migration, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
6. Global Application Development and Modernization, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
7. Global Consulting, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
8. Global Integration and Optimization, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
9. Global Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
10. Global Public Cloud, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
11. Global Private Cloud, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
12. Global Hybrid Cloud, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
13. Global Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
14. Global IT & Telecom, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
15. Global BFSI, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
16. Global Healthcare, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
17. Global Government & Defense, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
18. Global Retail & eCommerce, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
19. Global Manufacturing, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
20. Global Media & Entertainment, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
21. Global Others, Cloud Professional Services Market, By Region, 2018-2028 (USD Billion)
22. North America Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
23. North America Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
24. North America Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
25. North America Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
26. U.S. Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
27. U.S. Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
28. U.S. Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
29. U.S. Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
30. Canada Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
31. Canada Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
32. Canada Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
33. Canada Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
34. Mexico Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
35. Mexico Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
36. Mexico Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
37. Mexico Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
38. Europe Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
39. Europe Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
40. Europe Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
41. Europe Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
42. Germany Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
43. Germany Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
44. Germany Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
45. Germany Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
46. France Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
47. France Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
48. France Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
49. France Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
50. U.K. Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
51. U.K. Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
52. U.K. Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
53. U.K. Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
54. Italy Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
55. Italy Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
56. Italy Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
57. Italy Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
58. Spain Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
59. Spain Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
60. Spain Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
61. Spain Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
62. Asia Pacific Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
63. Asia Pacific Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
64. Asia Pacific Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
65. Asia Pacific Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
66. Japan Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
67. Japan Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
68. Japan Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
69. Japan Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
70. China Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
71. China Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
72. China Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
73. China Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
74. India Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
75. India Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
76. India Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
77. India Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
78. South America Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
79. South America Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
80. South America Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
81. South America Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
82. Brazil Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
83. Brazil Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
84. Brazil Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
85. Brazil Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
86. Middle East and Africa Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
87. Middle East and Africa Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
88. Middle East and Africa Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
89. Middle East and Africa Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
90. UAE Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
91. UAE Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
92. UAE Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
93. UAE Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
94. South Africa Cloud Professional Services Market, By Enterprise Size, 2018-2028 (USD Billion)
95. South Africa Cloud Professional Services Market, By Service Type, 2018-2028 (USD Billion)
96. South Africa Cloud Professional Services Market, By Deployment Model, 2018-2028 (USD Billion)
97. South Africa Cloud Professional Services Market, By Vertical, 2018-2028 (USD Billion)
List of Figures
1. Global Cloud Professional Services Market Segmentation
2. Global Cloud Professional Services Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Cloud Professional Services Market Attractiveness Analysis By Enterprise Size
9. Global Cloud Professional Services Market Attractiveness Analysis By Service Type
10. Global Cloud Professional Services Market Attractiveness Analysis By Deployment Model
11. Global Cloud Professional Services Market Attractiveness Analysis By Vertical
12. Global Cloud Professional Services Market Attractiveness Analysis By Region
13. Global Cloud Professional Services Market: Dynamics
14. Global Cloud Professional Services Market Share by Enterprise Size (2021 & 2028)
15. Global Cloud Professional Services Market Share by Service Type (2021 & 2028)
16. Global Cloud Professional Services Market Share by Deployment Model (2021 & 2028)
17. Global Cloud Professional Services Market Share by Vertical (2021 & 2028)
18. Global Cloud Professional Services Market Share by Regions (2021 & 2028)
19. Global Cloud Professional Services Market Share by Company (2020)
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