Revolutionize Your Business: Embrace Digital Transformation and Skyrocket The Cloud Professional Services Market Growth || HCL Technologies, Cognizant, Capgemini SE, Cisco Systems Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Cloud Professional Services Global Market Report 2023 the rising focus on digitizing business processes is the major driver for the cloud professional services market's growth in the forecast period. Digitalization of business processes refers to a process of using digital tools to manage data and other information digitally and to convert production and other business functions into more efficient, productive, and revenue-generating. These processes involve the use of cloud professional services. This helps in increasing expenditure towards digitalization, collection, and storage of data and sensitive information in a cloud environment to reduce risk and optimize business outcomes as well, and also helps in the smooth running of work from home. For instance, according to Software AG, a Germany-based Software Company, in 2020, 97% of IT directors stated their organization invested in digital transformation initiatives and also expect that expenditure to continue in 2021.

The global cloud professional services market size is expected to grow from $25.2 billion in 2022 to $29.84 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. 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 cloud professional services market size is expected to grow to $58.57 billion in 2027 at a CAGR of 18.4%.

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Major competitors in the cloud professional services market are HCL Technologies, Cognizant, Capgemini SE, Cisco Systems Inc., DXC Technology, Hitachi Vantara Corporation, Infosys Limited, NTT Data Corporation, Amazon.com Inc., Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Fujitsu Limited.

A key trend in the cloud professional services market includes technological innovations. Major companies operating in the market are introducing new technologies to sustain their position in the market. For instance, in July 2022, Sygitech Cloud Solutions, an India-based IT service company, launched 2 new technology platforms SygiOps and SygiCloudSync, that help in reducing the human elements and errors from a task. This software's aim is to lighten the workload of IT staff members and increase productivity by automating their first routine duties. With the help of automated cloud-based technology, it helps to store the data automatically without any human intervention.

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The cloud professional services market is segmented -

• By Service Type: Consulting, Application Development and Modernization, Implementation and Migration, Integration and Optimization

• By Deployment Model: Public Cloud, Private Cloud

• By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises

• By Verticals: BFSI, Manufacturing, Healthcare and Life Sciences, IT and ITES, Government, Telecommunications, Retail and Consumer Goods, Energy and utilities, Other Verticals

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cloud Professional Services market.

The Business Research Company's "Global Cloud Professional 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 Cloud Professional Services Market Include:
1. Executive Summary
2. Cloud Professional Services Market Characteristics
3. Cloud Professional Services Market Trends And Strategies
4. Cloud Professional Services Market - Macro Economic Scenario
5. Cloud Professional Services Market Size And Growth
……………
27. Cloud Professional Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cloud Professional Services Market
29. Cloud Professional Services Market Future Outlook And Potential Analysis
30. Appendix

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