The market report “Cloud Professional Services Market” by Deployment Models (Public Cloud, Private Cloud, Hybrid Cloud, and Community Cloud), Service Types (Consulting Services, System and Network Integration, Deployment and Support, and Cloud Managed Services), Organization Sizes (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), Service Models (Platform as a Service (Paas), Software as a Service (SaaS), and Infrastructure as a Service (IaaS)), End Users (Banking Financial Services and Insurance (BFSI), Energy and Utilities, Government, Healthcare and Lifesciences, Information Technology (IT) and Information Technology Enabled Services (ITES), Manufacturing, Retail and Consumer Goods, Telecommunications, Research & Consulting Services, and Media & Entertainment) and Region – Forecast to 2028”. The cloud professional services market is growing at a CAGR of 19.3% by 2028, owing to the increasing need for digitalization.
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Based on service model, the platform as a service (Paas) segment is anticipated to grow faster during the forecast period.On the basis of service model, the market is categorised into platform as a service (Paas), software as a service (SaaS), and infrastructure as a service (IaaS). Platform as a service (Paas) is estimated to be the fastest-growing market segment strongly driven by the rapid growth of the communication and technology industry across the globe.
Based on end user, the banking financial services and insurance (BFSI) segment is anticipated to grow faster during the forecast period.On the basis of end user, the market is segmented into banking financial services and insurance (BFSI), energy and utilities, government, healthcare and life sciences, information technology (IT) and information technology enabled services (ITES), manufacturing, retail and consumer goods, telecommunications, research & consulting services, and media & entertainment. The banking financial services and insurance (BFSI) segment is projected to grow faster during the forecast period due to the increasing adoption of cloud professional services. Because of huge demand on banks and financial enterprises owing to lackluster presentation and poor profits on equity, many banks are changing their workloads to the cloud.
By geography, North America is expected to dominate the market.On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is projected to dominate the market during the forecast period owing to the presence of a large number of end-users who are technology aware and early adopters of solutions that are enriched with new capabilities.
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The key players in this market are Accenture, Amazon Web Services, Atos, Capgemini, Cognizant, Deloitte, Hitachi Vantara, IBM, Infosys, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, PricewaterhouseCoopers, Tata Consultancy Services, T-Systems, Wipro, DXC Technology, HCL, EY, Tata Group, KPMG International, Dell Inc., Tech Mahindra Limited, Hewlett Packard Enterprise, Cisco Systems, Inc., and CGI Group Inc.
The research provides in-depth analysis of the global Cloud Professional Services Market numerous growth opportunities and segmentation by types, applications, end-users, and geography. In terms of drivers, restraints, opportunities, trends, and the competitive landscape, the research provides a solid platform for users who want to enter the global market. The study also goes into great detail about the supply and demand analyses, as well as main industry players’ participation and market share growth data. The sales margin, pricing, revenue share, and gross margin are all calculated in detail. The report contains an accurate simulation of industry insight, smart solutions, practical solutions, and the latest technology to provide a better user experience. The global Cloud Professional Services market research includes a complete breakdown of regional break-up, status, leading growth rate, country market shares, and future technologies.
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