DUBLIN, Sept. 13, 2018 /PRNewswire/ --
The "Cloud Professional Services Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The cloud professional services market is expected to reach US$50.679 billion by the end of 2023, increasing from US$16.849 billion in 2017, growing at a CAGR of 20.15% during the forecast period.
Accelerated demand for cloud-based solutions from various industry verticals including BFSI, government, education, and healthcare among others will continue to create significant opportunities for cloud professional services vendors, and leaders. This is also contributing towards the expansion of IT services portfolio by the cloud service providers to boost their revenue generating opportunities while catering to different segments of end customers.
The rapid adoption of cloud-based services by companies of all sizes will drive its demand due to its cost-effectiveness and ease of use. However, data security concerns associated with critical data storage in the cloud and technological constraints will impede the growing demand for cloud security solutions.
North America and Europe enjoyed a significant market share in 2017 owing to rapid technological advancement and early adoption of technology in the region. The Asia Pacific region will witness considerable growth due to rising disposable income and emerging demand from SMBs over the forecast period.
Major industry players profiled as part of the report Accenture, Amazon.com, Inc., ATOS SE, Capgemini, Microsoft Corporation, and IBM Corporation among others.
- 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 Organization Size
By Industry Vertical
- Consumer Electronics
- Media and Entertainment
- Energy and Power
- Communication and Technology
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Cloud Professional Services Market By Services
6. Cloud Professional Services Market By Deployment Model
7. Cloud Professional Services Market By Organization Size
8. Cloud Professional Services Market By Industry Vertical
9. Cloud Professional Services Market By Geography
10. Competitive Intelligence
11. Company Profiles
- Amazon.com, Inc.
- ATOS SE
- Microsoft Corporation
- IBM Corporation
- Alphabet, Inc.
- SAP SE
- VMware, Inc.
- Rackspace, Inc.
For more information about this report visit
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SOURCE Research and Markets