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Cloud professional services market refers a combination of capabilities including consulting/technical skills and functional knowledge.
An increased number of cloud solutions from various vendors have created a complex cloud environment. Cloud customers are struggling with integrating and managing applications, workloads, cloud stacks, and other facets of the shift to cloud. They are spending heavily on consultants and system integrators to educate, plan, and implement their cloud environments.
LPI (LP Information)' newest research report, the "Cloud Professional Services Industry Forecast" looks at past sales and reviews total world Cloud Professional Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud Professional Services sales for 2023 through 2029. With Cloud Professional Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud Professional Services industry.
This Insight Report provides a comprehensive analysis of the global Cloud Professional Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cloud Professional Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cloud Professional Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud Professional Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cloud Professional Services.
The global Cloud Professional Services market size is projected to grow from US$ 3446.4 million in 2022 to US$ 12740 million in 2029; it is expected to grow at a CAGR of 20.5% from 2023 to 2029.
Global Cloud Professional Services key players include Deloitte, Accenture plc, Capgemini S.A., IBM, Cisco Systems, Inc., etc. Global top five manufacturers hold a share about 40%.
North America is the largest market, with a share over 40%, followed by Europe and China, both have a share over 40 percent.
In terms of product, Public Cloud is the largest segment, with a share about 70%. And in terms of application, the largest application is Banking, Financial Services & Insurance (BFSI), followed by IT and Telecommunications.
This report presents a comprehensive overview, market shares, and growth opportunities of Cloud Professional Services market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Cloud Consulting
- Cloud Systems Integration
- Cloud ADM (Application Development and Maintenance)
- Cloud Managed Services
Segmentation by application
- Banking, Financial Services & Insurance (BFSI)
- IT and Telecommunications
- Healthcare
- Media and Entertainment
- Government
- Education
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Deloitte
- Wipro Limited
- Tech Mahindra Limited
- Accenture plc
- Hewlett Packard Enterprise
- Dell Inc. (EMC)
- KPMG International
- Capgemini S.A.
- HCL
- IBM
- Tata Group
- PricewaterhouseCoopers LLP
- Cisco Systems, Inc.
- Nippon Telegraph and Telephone Corporation
- Microsoft Corporation
- CGI Group Inc.