Cloud Professional Services Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Services (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS)), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Enterprise Size (Small, Medium, Large), By Industry Vertical (BFSI, Telecommunications, Healthcare, Government, Media And Entertainment, Manufacturing, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Jan 2022 Report Code: KSI061610324 Pages: 145

The cloud professional services market is projected to witness a compound annual growth rate of 17.59% to grow to US$69.887 billion by 2026, from US$22.487 billion in 2019. The cloud service providers have been offering a diverse range of services, which is not only limited to the large enterprises but in line with the needs of small and medium enterprises as well, which is boosting the cloud professional services adoption and is anticipated to propel the cloud professional services demand during the forecast period. In September 2021, Infosys announced the launch of the Leads and Proposals Solution as part of SAP's industry cloud portfolio for the professional services industry. Furthermore, the rising digitalization around the world supported by governments of the respective countries is leading to rapid digitization of business processes by a large number of companies and is projected to surge the demand for cloud professional services in the coming years. In addition, the growth of the service sector in various economies has further augmented the demand for cloud professional services. The growing trend in the service sector is expected to continue in the coming years as well and is anticipated to have a positive impact on the cloud professional services market growth.

Rising digitization of business processes

As the world is becoming connected, an increasing number of companies are now digitizing their business processes to match up with their needs and goals, which is anticipated to propel the demand for cloud professional services during the forecast period. As per a survey by Google India, in June 2020, 79% of small and medium-sized businesses in India expressed interest in learning about digital solutions in regional languages. It also stated that six out of 10 businesses are willing to adopt at least one digital solution such as the increase in digital marketing spending, adopting social media, and starting online sales. Furthermore, governments of various countries have been supporting the digitization of businesses in their respective countries, which is helping a large number of businesses to adopt digitization. This is leading to widespread adoption of cloud computing among companies and is consequently leading to rising demand for cloud professional services. For instance, in September 2020, the Australian government announced that it will invest Australian $800 million (US$ 566 million) for the advancement of digital technologies in businesses. It also announced schemes with a focus on investments into cybersecurity and the national broadband network (NBN), to boost Australia's 5G network for the efficacy of the online-based services and firms. Such measure by various governments around the world is projected to have a positive impact on cloud professional services as well.

COVID-19 Insights

The outbreak of the SARS-COVID-19 virus had a positive impact on the market growth. With the government imposing COVID-19 pandemic measures, such as lockdown, travel ban, and others, there has been a rise in remote working, worldwide. During the pandemic, cloud-based services had become an imperative tool for enterprises, as it has reduced the dependency on hardware-based solutions, thus reducing the stress to work from offices or premises. There have been several corporations that had been witnessing a significant surge in the adoption of cloud-based or other related digital services. For instance, Microsoft had stated at the end of 2020 that the company had witnessed a digital transformation of two years, in just two months, during the pandemic, due to the exponential growth in the demand for cloud-based services. Various sectors, such as healthcare, financial, retail, and other sectors had been witnessing a significant surge in the adoption of cloud-based professional services and solutions. Other factors, such as lower cost for backup, flexible computing, and business continuity had a positive impact on the adoption of cloud-based services, worldwide.

Cloud Professional Services Market Scope:

Report Metric Details
 Market size value in 2019  US$22.487 billion
 Market size value in 2026  US$69.887 billion
 Growth Rate  CAGR of 17.59% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Services, Deployment Model, Enterprise Size, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Cisco Systems, Inc., Accenture, Amazon Web Services, Inc., Atos SE, Microsoft,   Dell Inc., Infosys Limited, VMware, Inc., Rackspace US, Inc., Oracle
 Customization scope  Free report customization with purchase

Market Segmentation:

  • BY SERVICES
    • Software-as-a-Service (SaaS)
    • Platform-as-a-Service (PaaS)
    • Infrastructure-as-a-Service (IaaS)
  • BY DEPLOYMENT MODEL
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • BY ENTERPRISE SIZE
    • Small
    • Medium
    • Large
  • BY INDUSTRY VERTICAL
    • BFSI
    • Telecommunications
    • Healthcare
    • Government
    • Media and Entertainment
    • Manufacturing
    • Others
  • BY GEOGRAPHY
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Africa
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the cloud professional service market size by 2026?
A1. The cloud professional service market is projected to reach a market size of US$69.887 billion by 2026.


Q2. What is the size of the global cloud professional service market?
A2. Cloud Professional Services Market was valued at US$22.487 billion in 2019.


Q3. What are the growth prospects for the cloud professional service market?
A3. The global cloud professional service market is projected to grow at a CAGR of 17.59% during the forecast period.


Q4. How is the global cloud professional service market segmented?
A4. The cloud professional service market has been segmented by services, deployment model, enterprise size, industry vertical, and geography.


Q5. What factors are anticipated to drive the cloud professional service market growth?
A5. As the world is becoming connected, an increasing number of companies are now digitizing their business processes to match up with their needs and goals, which is anticipated to propel the cloud professional service market growth.

1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. CLOUD PROFESSIONAL SERVICES MARKET BY SERVICES
5.1. Introduction
5.2. Software-as-a-Service (SaaS)
5.3. Platform-as-a-Service (PaaS)
5.4. Infrastructure-as-a-Service (IaaS)

6. CLOUD PROFESSIONAL SERVICES MARKET BY DEPLOYMENT MODEL
6.1. Introduction
6.2. Public Cloud
6.3. Private Cloud
6.4. Hybrid Cloud

7. CLOUD PROFESSIONAL SERVICES MARKET BY ENTERPRISE SIZE
7.1. Introduction
7.2. Small
7.3. Medium
7.4. Large

8. CLOUD PROFESSIONAL SERVICES MARKET BY INDUSTRY VERTICAL
8.1. Introduction
8.2. BFSI
8.3. Telecommunications
8.4. Healthcare
8.5. Government
8.6. Media and Entertainment
8.7. Manufacturing
8.8. Others

9. CLOUD PROFESSIONAL SERVICES MARKET BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. North America Cloud Professional Services Market, By Services
9.2.2. North America Cloud Professional Services Market, By Deployment Model
9.2.3. North America Cloud Professional Services Market, By Enterprise Size
9.2.4. North America Cloud Professional Services Market, By Industry Vertical
9.2.5. By Country
9.2.5.1. USA
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America Cloud Professional Services Market, By Services
9.3.2. South America Cloud Professional Services Market, By Deployment Model
9.3.3. South America Cloud Professional Services Market, By Enterprise Size
9.3.4. South America Cloud Professional Services Market, By Industry Vertical
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Cloud Professional Services Market, By Services
9.4.2. Europe Cloud Professional Services Market, By Deployment Model
9.4.3. Europe Cloud Professional Services Market, By Enterprise Size
9.4.4. Europe Cloud Professional Services Market, By Industry Vertical
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. France
9.4.5.3. United Kingdom
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa Cloud Professional Services Market, By Services
9.5.2. Middle East and Africa Cloud Professional Services Market, By Deployment Model
9.5.3. Middle East and Africa Cloud Professional Services Market, By Enterprise Size
9.5.4. Middle East and Africa Cloud Professional Services Market, By Industry Vertical
9.5.5. By Country
9.5.5.1. Israel
9.5.5.2. Saudi Arabia
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Cloud Professional Services Market, By Services
9.6.2. Asia Pacific Cloud Professional Services Market, By Deployment Model
9.6.3. Asia Pacific Cloud Professional Services Market, By Enterprise Size
9.6.4. Asia Pacific Cloud Professional Services Market, By Industry Vertical
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. South Korea
9.6.5.4. India
9.6.5.5. Thailand
9.6.5.6. Indonesia
9.6.5.7. Taiwan 
9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES
11.1. Cisco Systems, Inc.
11.2. Accenture
11.3. Amazon Web Services, Inc.
11.4. Atos SE
11.5. Microsoft
11.6. Dell Inc.
11.7. Infosys Limited
11.8. VMware, Inc.
11.9. Rackspace US, Inc.
11.10. Oracle

Cisco Systems, Inc.

Accenture

Amazon Web Services, Inc.

Atos SE

Microsoft

Dell Inc.

Infosys Limited

VMware, Inc.

Rackspace US, Inc.

Oracle

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us