The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cloud professional services market has witnessed rapid growth, expanding from $29.52 billion in 2023 to $34.45 billion in 2024, with a CAGR of 16.7%. This growth is attributed to factors such as cost efficiency focus, security concerns, and scalability demands. Looking ahead, the market is expected to continue its rapid expansion, reaching $66.93 billion by 2028, with a CAGR of 18.1%.

Cloud Computing Driving Growth
The increased adoption of cloud computing is a significant driver propelling the cloud professional services market. Cloud computing provides the infrastructure and platforms necessary for service delivery, management, and scalability, enhancing efficiency and flexibility in meeting clients’ IT needs. For instance, in 2021, 41% of EU enterprises used cloud computing primarily for hosting e-mail systems and storing files, with large enterprises leading the adoption at 72%.

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Technological Advancements Shaping the Market
Technological advancements play a crucial role in shaping the cloud professional services market. Major companies are focusing on developing innovative solutions to streamline operations, enhance scalability, and meet the evolving demands of a digitally transformed business landscape. For instance, Sygitech Cloud Solutions launched two new technology platforms aimed at automating routine tasks and increasing productivity.

Key Players and Recent Acquisitions
Major players in the cloud professional services market include Accenture PLC, Cognizant Technology Solutions, Capgemini SE, and Cisco Systems Inc. These companies are at the forefront of developing advanced solutions and technologies to cater to the evolving needs of the market. Accenture’s acquisition of Linkbynet in 2021 aimed to expand its cloud optimization, managed services, and cloud security portfolio in Europe and the Asia-Pacific region.

Market Segmentation and Regional Insights
The market is segmented by service type, deployment model, organization size, and verticals. Services include consulting, application development and modernization, implementation and migration, and integration and optimization. Deployment models comprise public and private clouds, while organization sizes include small and medium-sized enterprises (SMEs) and large enterprises. The market caters to various verticals such as BFSI, manufacturing, healthcare, IT and ITES, government, telecommunications, retail and consumer goods, and energy and utilities. North America leads the market, with Asia-Pacific expected to be the fastest-growing region.

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The Cloud Professional Services Global Market Report 2024  provides an overview of the cloud professional services market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud professional services market forecast analyzes cloud professional services market size, cloud professional services market share, leading competitor and their market positions.

The Table Of Content For The Cloud Professional Services Market Include:
1. Cloud Professional Services Market Executive Summary
2. Cloud Professional Services Market Segments
3. Cloud Professional Services Market Size And Cloud Professional Services Market Growth Rate
4. Key Cloud Professional Services Market Trends
5. Major Cloud Professional Services Market Drivers
……
25. Key Mergers And Acquisitions In The Cloud Professional Services Market
26. Top Cloud Professional Services Companies
27. Cloud Professional Services Market Opportunities And Strategies
28. Cloud Professional Services Market, Conclusions And Recommendations
29. Appendix

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