Professional Cloud Services Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2027

The Professional Cloud Services Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Professional Cloud Services market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Professional Cloud Services market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Professional Cloud Services market.

The professional cloud services market was valued at USD 21.51billion in 2020 and is expected to reach a value of USD 57.54 billion by 2026, at a CAGR of 17.76 %, during the forecast period, 2021 - 2026. 

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Top Leading Companies of Professional Cloud Services Market are - Cisco Systems Inc., Hewlett-Packard Company, Cognizant, Acc-enture PLC, Dell EMC, Microsoft Corporation, Fujitsu Limited, Capgemini SE, Infosys Limited, HCL Technologies Limited, Oracle Corporation, NTT DATA, Atos, Amazon Web Services, SAP SE and others.

Industry News and Updates:

- September 2018 - Microsoft announced the general availability of Azure Data Box, a physical box which organizations can order, fill up, and then return to Redmond for it to be uploaded to an Azure environment. As more and more enterprise data is being transferred to the cloud, sometimes this process can break the network's back - which calls for less virtual and more physical solutions. This is reduced by Azure Data Box.

Key Market Trends:

Hybrid Cloud is Expected to Have High Growth in the Market

- 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.
- Currently, many organizations of any size, be it small or large are transforming from traditional to digital mode of business. This transformation is creating a market for hybrid cloud because of the benefits provided like reduced total cost of ownership (TCO), high security, flexibility, and agility. IBM stated that 89% of IT leaders expect to move business-critical workloads to Cloud and all are driven by the growth in digitization.

Asia-Pacific to Witness the Fastest Growth Rate Over the Forecast Period

- Asia-Pacific is going to witness the highest growth in the professional cloud services market, owing to the presence of the two largest economies of the world i.e., India and China. The economies of both nations are growing and China has experienced an explosive growth in its industrial sector, whereas India's growth has been fueled by the expansion of service-producing industries.
- According to Asia cloud computing, international connectivity has increased by 63% year-on-year, close to 2016's 62%. Emerging markets took the lead in terms of growth. India, China, Indonesia, and Vietnam all saw per-user speeds grow above 100%. APAC economies also have a slight advantage in terms of cloud regulation. This is the outcome of recent steps to strengthen privacy and intellectual property frameworks.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Professional Cloud Services Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Professional Cloud Services Market (%),2016 - 2026
- Professional Cloud Services Market Share, By Brand
- Professional Cloud Services Market Share, By Company
- Professional Cloud Services Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Professional Cloud Services Market Value Analysis & Forecast
- Promising Professional Cloud Services Development by Major Companies
- Detailed Professional Cloud Services Portfolio of the Major Companies
- Major Deals in the Professional Cloud Services Market
- Major Companies Analysis

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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