Professional Cloud Services Market Is Thriving Worldwide | Cisco, HP, Cognizant, Accenture PLC, Microsoft, Capgemini, Infosys Limited, Nippon, HCL Technologies
The global professional cloud services market was valued at USD 15.36 billion in 2017, and is expected to reach a value of USD 41.59 billion by 2023, at a CAGR of 17.72 %, during the forecast period (2018 - 2023). The scope of the report is limited to deployment type offered by major players, which include, as on premise and cloud. While the regions considered in the scope of the report include, United States, Canada, United Kingdom, Germany, France, Russia, South Africa, China, India, Japan, Mexico, Saudi Arabia, and Brazil.Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/15784
The firms (of all categories) offering cloud professional services have been advising their clients for years to focus on core competency and let certain tasks be handled by external specialists to get the best output. This is the major driving force promoting the growth of the cloud professional services market. Modern, multi-tenant cloud platform services allow thousands of customers to use similar resources. This resulted in saving a lot of manpower and the expenses involved in it. Cloud professional services adapt easily to the changing landscape and in meeting the new requirements. Cloud service providers made sure that the applications can be easily configured and build entirely new ones, in a very short time. All these factors help the client organization to focus on their core competency, which in turn, results in their overall growth. All the above factors have been major growth aspects for the cloud professional services market, on a global arena.
Growth in Adoption of Cloud Services has led to the Growth of Professional Cloud Services
According to NASDAQ, the revenues for cloud services grew by 60% in 2015. Furthermore, cloud computing is estimated to grow at a rapid rate over the next five years. The increased adoption of cloud based software has provided a number of benefits for companies from various industries, including the ability to use software from any device, either through a native app or through a browser. It is estimated that more than USD 70 billion revenue was generated from the SaaS segment in 2015. By 2016, an 11% shift of IT budget away from traditional on-premise IT delivery toward various versions of cloud computing as a new delivery model is expected. By 2020, more than 65% of enterprises are expected to have, at least, half of their infrastructure on cloud-based platforms
Major Players:
Cisco, HP Inc., Cognizant, Accenture PLC, EMC, Microsoft Corporation, Fujitsu Limited, Capgemini, Infosys Limited, Nippon, HCL Technologies Limited, Oracle, NTT DATA, Atos and SAP SE, amongst others.
Request Discount on this repots @ https://marketprognosis.com/discount-request/15784
Key Developments in the Market
March 2018 - Avaya has continued its growth in Australian market through the launch of unified communications and contact center in cloud form. This deployment of services is with the mid-level market and Avaya has been aiming at delivering more customized and flexible solutions
February 2018 - TeraGo had announced its addition of managed services to the AWS cloud services. This has enabled the TeraGo consumers to leverage the cloud and also ensures in the seamless migration and management of company assets
July 2017 - Google had started the deployment of cloud services in India. As a part of this service Google will be training the work force of major companies. Google had invested about USD 30 billion on its cloud platform
Hybrid Cloud is expected to have High Growth in the Market Owing to Various Advantages
Over many years, cloud has been the preference and focus of the IT decision makers and corporate, however, the extremely security-conscious companies have been hesitant to move their data and workloads into cloud. With technological innovations and advancements behind professional cloud services being available for deployment inside organizations, a new model of cloud is gaining a foothold in business, i.e., hybrid cloud.
Hybrid cloud is a combination of a public cloud provider, such as Google cloud, Amazon web services with a private cloud, i.e. designed to be used by a single organization. By allowing workloads to move between public and private clouds, as computing needs and costs change, hybrid cloud has led businesses to achieve greater flexibility, and more data deployment options. This deployment model helps businesses to take advantage of secured applications and data hosting on a private cloud, while, still enjoying the cost benefits by keeping shared data and applications on the public cloud. Hence, the cloud migrates workloads between public and private hosting, without creating any inconvenience to the users.
North America has the Highest Share of Cloud Services Owing to Various Investments
Latest technological breakthroughs have assisted the advancement of professional cloud services that can make the overall processes more efficient, and can significantly improve accuracy in various applications. There have been a series of collaborations, mergers, and acquisitions in North America to take the advantage of this opportunity. The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, communications, retail, healthcare, and manufacturing applications in North America are set to boom during the next five years
North America accounts for the highest share of the global cloud professional services market. This is due to the early adoption of cloud-based networks, by the United States markets. The crunch in resources to create in-house facilities, and increasing incidence of BYOD are helping the North American market generate the highest revenue. Although the inclination of growth toward cloud computing has been increasing, owing to factors, such as low capital expenditures. However, benefits, such as improved agility and flexibility, as well as, being able to deploy new applications more quickly hold significance. Additionally, in the United States, the companies, where employees are more than 100 in number, are adopting cloud based applications, and nearly 35% of SMBs in the country have already deployed cloud solutions.
Enquiry Before Buying @ https://marketprognosis.com/enquiry/15784
About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Professional Cloud Services Market Is Thriving Worldwide | Cisco, HP, Cognizant, Accenture PLC, Microsoft, Capgemini, Infosys Limited, Nippon, HCL Technologies here
News-ID: 1484135 • Views: …
More Releases from Market Prognosis
Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innov …
The report covers a forecast and an analysis of the Third-Party Logistics (3PL) Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Third-Party Logistics (3PL) Market:
The report spread across 90 pages is an overview of the Global Third-Party Logistics (3PL) Market. These report study based on the Third-Party…
Ride-Hailing Market: An Insight on the Important Factors and Trends Influencing …
The report covers a forecast and an analysis of the Ride-Hailing Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Ride-Hailing Market:
The report spread across 90 pages is an overview of the Global Ride-Hailing Market. These report study based on the Ride-Hailing Market. It is a complete overview…
COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry I …
The report covers a forecast and an analysis of the Professional Indemnity Insurance Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Professional Indemnity Insurance Market:
The report spread across 90 pages is an overview of the Global Professional Indemnity Insurance Market. These report study based on the Professional…
Modular Construction Market Future Growth Explored in Latest Research Report by …
The report covers a forecast and an analysis of the Modular Construction Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Modular Construction Market:
The report spread across 90 pages is an overview of the Global Modular Construction Market. These report study based on the Modular Construction Market. It…
More Releases for Cloud
Customized Cloud Service Market Analysis by Company - Google Cloud Platform, Rut …
DeepResearchReports has uploaded a latest report on Customized Cloud Service Industry from its research database. Customized Cloud Service Market is segmented by Regions/Countries. All the key market aspects that influence the Customized Cloud Service Market currently and will have an impact on it have been assessed and propounded in the Customized Cloud Service Market research status and development trends reviewed in the new report.
The new tactics of Customized…
Public Cloud Market (Cloud Billing, Cloud Access Security, Cloud Communication P …
Overview
The report on the global Public Cloud market is a product of extensive research conducted by a team of industry professionals. The report discusses briefly various products or services in the market and their applications. The report provides information on the latest technologies that are used in production, manufacturing, etc in order to improve efficiency and effectiveness. The report segments the market into various categories, in order to simplify the…
Cloud Service Consultants, Cloud Consulting Service, Enterprise Cloud Management …
Overview
Ken Research is dedicated towards unraveling multipart encounters within each stage of Data Center Lifespan such as Volume Planning, Scalability Issues, Uptime, Performance Conservation and Cost. Whether you are considering improving, forming, buying, leasing or revolutionizing your prevalent data center, Ken Research can maintenance you on every aspect by smoothing you partner with Vendors who have enormous understanding in the comparable Service Offering.
However, the data centers are an influential component…
Cloud Computing for Business Operations Market 2019 By Amazon Web Services, Micr …
Cloud computing is a internet-based computing where central remote servers maintain all the data and applications. Cloud computing allow business operators to rent physical infrastructure from a third party provider(cloud service provider).
Cloud Computing for Business Operations Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as…
Global Cloud Computing for Business Operations Market, Top key players are Amazo …
Global Cloud Computing for Business Operations Market Size, Status and Forecast 2019-2025
Cloud computing is a internet-based computing where central remote servers maintain all the data and applications. Cloud computing allow business operators to rent physical infrastructure from a third party provider (cloud service provider).
In 2018, the global Cloud Computing for Business Operations market size was xx million US$ and it is expected to reach xx million US$ by the…
Top 10 Cloud Technology Market (Hybrid Cloud, Cloud Storage, Cloud Migration, Cl …
“Top 10 Cloud Technology Market (Hybrid Cloud, Cloud Storage, Cloud Migration, Cloud Orchestration, Integration Platform As-A-Service, Disaster Recovery As-A-Service, Multi Cloud Management, Video-As-A Service, Cloud Analytics, and Wi-Fi-As-A-Service)”, Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
“Rising demand for business agility and the need for lower CAPEX and OPEX driving the growth of the cloud migration services market”
The migration to cloud enables the organizations and businesses to move their computing assets…