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Global Professional Cloud Services Market Comprehensive Insights, Technological Advancements And Key Drivers Report To 2032
Professional Cloud Services Global Market
The Business Research Company's Professional Cloud Services Global Market Report 2023 identifies digital transformation initiatives as the major driver for the Professional Cloud Services market's growth in the forecast period. A growing focus on digital transformation initiatives is expected to propel the growth of the professional cloud services market going forward. The act of employing digital technologies to develop new business processes or change current ones is known as digital transformation. Professional cloud service providers assist businesses by offering strategy and technology planning and advisory services for digital transformation to achieve organizational goals. As a result, the focus of businesses on digital transformation is in turn driving the professional cloud services market.
The global professional cloud services market size is expected to grow from $24.95 billion in 2022 to $29.71 billion in 2023 at a compound annual growth rate (CAGR) of 19.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The professional cloud services market size is expected to grow to $59.48 billion in 2027 at a CAGR of 19.0%.
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Major competitors in the Professional Cloud Services market are Amazon Web Services, Cisco Systems Inc., Oracle Corporation, Microsoft Corporation, IBM, Fujitsu Limited, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Capgemini SE, Wipro Limited, Atos, Infosys Limited, Cognizant, HCL Technologies, Tata Consultancy Services, Rackspace Technology, and Google LLC.
A key trend in the Professional Cloud Services market includes Innovations in professional cloud services. Major companies operating in the professional cloud services market are focused on offering innovative services such as new leads and proposals, solutions, and an integrated cloud service. For instance, in September 2021, Infosys, an India-based information technology company, and SAP, a Germany-based software company, jointly developed and launched the leads and proposals solution, part of SAP's cloud professional services portfolio for the professional services industry. This innovative service uses predictive analytics and the built-in SAP Business Technology Platform (SAP BTP) to offer its clients an industry-specific service that offers various benefits, including a reduction in their costs, improved lead conversion, and accelerated revenue growth.
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The Professional Cloud Services market is segmented -
• By Service Type: Consulting, Application Development And Modernization, Implementation And Migration, Integration And Optimization
• By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
• By Service Model: Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS)
• By Deployment Type: Public, Private, or Hybrid
• By End-User Industry: Manufacturing, Healthcare, Retail, IT And Telecommunications, Government, Media And Entertainment, BFSI, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Professional Cloud Services market.
The Business Research Company's "Global Professional Cloud Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Professional Cloud Services Market Include:
1. Executive Summary
2. Professional Cloud Services Market Characteristics
3. Professional Cloud Services Market Trends And Strategies
4. Professional Cloud Services Market - Macro Economic Scenario
5. Professional Cloud Services Market Size And Growth
……
27. Professional Cloud Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Professional Cloud Services Market
29. Professional Cloud Services Market Future Outlook and Potential Analysis
30. Appendix
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