The Business Research Company’s Professional Cloud Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Professional Cloud Services Global Market Report 2023 evaluates professional cloud services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global professional cloud services market is poised for significant expansion, with projected growth from $24.95 billion in 2022 to an estimated $29.71 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 19.1%. However, the landscape has been marred by the disruptive impact of the Russia-Ukraine conflict, which has hindered the global economic recovery following the COVID-19 pandemic, particularly in the short term. This geopolitical strife has triggered a domino effect, resulting in economic sanctions imposed on multiple nations, surging commodity prices, and supply chain disruptions. These repercussions have led to inflationary pressures on both goods and services, affecting various global markets.
Projections indicate that the global professional cloud services market is poised to ascend to $59.48 billion by 2027, maintaining a robust CAGR of 19.0%. This upward trajectory is underpinned by a growing emphasis on digital transformation initiatives, a strategic maneuver that entails leveraging digital technologies to create or refine business processes. Notably, professional cloud service providers play a pivotal role in guiding businesses by providing expert strategy, technology planning, and advisory services to facilitate their digital transformation journey and meet organizational objectives.
The impact of this trend is vividly illustrated in a 2020 global survey conducted by Software AG, a renowned German software company, which polled IT leaders on their digital transformation investment strategies. An astounding 97% of IT directors participating in the survey affirmed their organization’s commitment to investing in digital transformation initiatives, with expectations of continued expenditure in 2021. This overwhelming focus on digital transformation initiatives is, in turn, a driving force behind the burgeoning growth of the professional cloud services market. As businesses increasingly embrace digital transformation as a strategic imperative, the demand for professional cloud services continues to soar, marking a pivotal shift in the contemporary business landscape.
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The professional cloud services market segments in the report are:
1) By Service Type: Consulting, Application Development And Modernization, Implementation And Migration, Integration And Optimization
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Service Model: Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS)
4) By Deployment Type: Public, Private, or Hybrid
5) By End-User Industry: Manufacturing, Healthcare, Retail, IT And Telecommunications, Government, Media And Entertainment, BFSI, Other End-User Industries
Top 5 Major Players:
Table of contents :
1. Executive Summary
2. Professional Cloud Services Market Characteristics
3. Professional Cloud Services Market Trends And Strategies
4. Professional Cloud Services Market – Macro Economic Scenario
5. Professional Cloud Services Market Size And Growth
……
26. Africa Professional Cloud Services Market
27. Professional Cloud Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Professional Cloud Services Market
29. Professional Cloud Services Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Professional Cloud Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Professional Cloud Services Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Professional Cloud Services Market, Segmentation By Service Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…..
Table 48: Amazon Web Services Financial Performance
Table 49: Cisco Systems Inc. Financial Performance
Table 50: Oracle Corporation Financial Performance
Table 51: Microsoft Corporation Financial Performance
Table 52: Accenture PLC. Financial Performance
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