Cloud Professional Services Market Set to Reach USD 15936.96 Million by 2026
The global cloud professional services market in 2019 was approximately USD 4486.82 Million. The market is expected to grow at a CAGR of 19.8% and is anticipated to reach around USD 15936.96 Million by 2026.
Cloud-based professional services include cloud assessment & implementation services, data center designing, implementation and migration services, and infra health audit/assessment services amongst other services. It assists in enhancing efficiency, accelerates cloud automation, and reduces risks. Nowadays, every industry has opted for software solutions for making their business operation easy. In businesses, mostly the cloud-deployed solutions are being preferred as it is easy to access and cost-effective.
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The cloud professional services market research report delivers an acute valuation and taxonomy of the cloud professional services industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Key Industry Segments: Cloud Professional Services Market
The cloud professional services market is segmented based on service type, service model, deployment model, and application. On the basis of service type segmentation, the market is classified into consulting, integration, and deployment & support. On the basis of service model segmentation, the market is classified into SaaS, PaaS, and IaaS. In terms of the deployment model, the market is bifurcated into public, private, and others. Furthermore, the application is fragmented into banking, financial services & insurance (BFSI), consumer goods & retail, IT and telecom, healthcare, media and entertainment, government, education, energy, manufacturing, and others.
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Top Market Players
Some of the essential players operating in the cloud professional services market, but not restricted to include Accenture, Alphabet, Inc., Amazon.com, Inc., ATOS SE, Capgemini, Cisco Systems, Inc., HP, IBM Corporation, Microsoft Corporation, Oracle, Rackspace, Inc., SAP AG, and VMware, Inc. among others.