Cloud Professional Services Market is Estimated to Reach USD 85.14 Billion by 2030: Cognitive Market Research

Cloud Professional Services Market Overview:
What are Cloud Professional Services?
Cloud professional services refer to a range of services provided by cloud computing experts to help organizations plan, implement, and manage their cloud computing environments. These services can be provided by cloud service providers, IT consulting firms, or specialized cloud professional services companies.

Summary:
• As per the study of CMR, The Global Cloud Professional Services Market size was valued at USD 25.23 Billion in 2022 and will grow at a CAGR of 16.6% during the forecast period, reaching USD 85.14 Billion by 2030.
• Based on service type, the consulting segment has the largest revenue share in the cloud professional services market.
• Based on service model, Infrastructure as a Service (laaS) have the leading segment in the cloud professional services market.
• Based on deployment model, public loud have the leading segment in the cloud professional services market.
• Asia Pacific has the largest revenue share in the cloud professional services market.

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Market Dynamics:
Cloud Professional Services Market Drivers:
Increasing adoption of cloud computing by organizations of all sizes and across all industries is driving the demand for cloud professional services. As more organizations move their workloads to the cloud, they require the expertise of cloud professionals to help them plan, design, deploy, and manage their cloud environments which significantly drives the market growth. In addition, cloud environments can be complex and challenging to manage, especially for organizations that lack the internal expertise and resources to manage them. This complexity is driving the demand for cloud professional services, as organizations seek the assistance of experts to help them manage their cloud environments effectively.

Cloud Professional Services Market Opportunities:
As organizations continue to adopt cloud technologies, there is a growing demand for managed services that can help them manage their cloud environments effectively. Managed services providers can offer a range of services, such as monitoring, maintenance, and support, allowing organizations to focus on their core business activities will further create lucrative opportunities for the market.

Cloud Professional Services Market Restraints:
Security is a major concern for organizations that are moving to the cloud, and any security breaches or data leaks can erode trust in cloud service providers. Cloud professional services providers need to address these concerns by implementing robust security measures and offering comprehensive security services to their clients these factors may hamper the market growth.

Market Segmentation:
Service Type:
• Consulting
• Integration & Optimization
• Implementation & Migration
• Application Development & Modernization
Based on service type, the consulting segment has the largest revenue share in the cloud professional services market. Users with little knowledge of upgrading the current corporate infrastructure can access consultation services from cloud professional services retailers. Implementation services guarantee a successful and secure deployment on any infrastructure, including the hybrid cloud or the private cloud. Scalability, flexibility for changing workloads, increased productivity, agility, higher application security, and lower costs are the main drivers of the high demand for cloud migration services.

Service Model:
• Infrastructure as a Service (laaS)
• Software as a Service (SaaS)
• Platform as a Service (PaaS)
Based on service model, Infrastructure as a Service (laaS) have the leading segment in the cloud professional services market. The laaS segment is anticipated to experience faster CAGR growth by service model throughout the projection period. The infrastructure-as-a-service concept replaces conventional on-premises servers with cloud services that include computing, memory storage, networking, and other relevant software and hardware. It offers the end user options when it comes to hosting standard software or custom apps and also offers a generic data center for storage.

Deployment Model:
• Public Cloud
• Private Cloud
Based on deployment model, public loud have the leading segment in the cloud professional services market. The highest market share among services is anticipated to belong to the public cloud sector. The term "public cloud" refers to computer services made available to anybody who wishes to use or buy them via the open internet by third-party providers. Many resources, including apps, storage, virtual servers, and hardware, are made available to clients' businesses via the internet in the public cloud deployment paradigm. It offers a pay-per-usage pricing model, ease of deployment, and aids in helping enterprises achieve their demands for scalability.

Competitive Analysis of Cloud Professional Services Market: ATOS SE, Capgemini S.A., CISCO Systems Inc., Fujitsu, Hewlett Packard Company, IBM, NTT Data Corporation (NTT Group), Oracle Corporation, SAP Ag

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Regional Analysis:
Asia Pacific accounted for the largest share of the cloud professional services market
Asia Pacific has the largest revenue share in the cloud professional services market. The increased adoption of cloud and mobility trends in countries such as China, India, and Japan are fueling the market expansion in this region. Strong economies, well-developed ICT infrastructure, significant IT spending by businesses, and strong regulatory frameworks all contribute to the region's adoption of cloud professional services apps. Via various efforts, numerous governments in the Asia Pacific region are likewise promoting the use of the cloud professional services.

Cloud Professional Services Market News:
IBM declared the ownership of NS1
In February 2023, to increase agility in hybrid cloud environments, IBM announced the acquisition of NS1, a provider of network automation SaaS solutions.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Cloud Professional Services Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Cloud Professional Services Market Segmentation
1.5.1 Cloud Professional Services Market Regional Fragmentation
1.5.1 Cloud Professional Services Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Cloud Professional Services Market
• 3.1 Global Cloud Professional Services Market Size 2018 - 2030, (USD Million)
• 3.2 Global Cloud Professional Services Value, Absolute & Opportunity Analysis
• 3.3 Global Cloud Professional Services Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Cloud Professional Services Market Statistics 2022: Snapshot
Chapter 4 Global Cloud Professional Services Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Cloud Professional Services Market by Service Type Segmentation Analysis (2018-2030)
Chapter 10 Global Cloud Professional Services Market by Service Model Segmentation Analysis (2018-2030)
Chapter 11 Global Cloud Professional Services Market by Deployment Model Segmentation Analysis (2018-2030)
Chapter 12 Global Cloud Professional Services Market Regional Analysis
Chapter 13 North America Cloud Professional Services Market Outlook (2018 - 2030)
Chapter 14 Europe Cloud Professional Services Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Cloud Professional Services Market Outlook (2018 - 2030)
Chapter 16 Latin America Cloud Professional Services Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Cloud Professional Services Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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