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Global Professional Cloud Services Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Professional Cloud Services

Professional Cloud Services Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Professional Cloud Services market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Hybrid Cloud is Expected to Have High Growth in the Market

– Hybrid cloud is a combination of a public cloud provider, such as Google cloud, Amazon web services with a private cloud, i.e. designed to be used by a single organization. By allowing workloads to move between public and private clouds, as computing needs and costs change, hybrid cloud has led businesses to achieve greater flexibility and more data deployment options.
– Currently, many organizations of any size, be it small or large are transforming from traditional to digital mode of business. This transformation is creating a market for hybrid cloud because of the benefits provided like reduced Total Cost of Ownership (TCO), high security, flexibility, and agility. IBM stated that 89% of IT leaders expect to move business-critical workloads to Cloud and all are driven by the growth in digitization.
– Moreover, Cisco forecasted that by 2021, 73% of the cloud workloads and compute instances will be in public cloud data centers, up from 58% in 2016 (CAGR of 27.5 percent from 2016 to 2021). This huge growth is going to be a catalyst for hybrid cloud services market.

Asia-Pacific to Witness the Fastest Growth Rate Over the Forecast Period

– Asia-Pacific is going to witness the highest growth in professional cloud services market owing to the presence of the two largest economies of the world i.e. and China. The economies of both nations are growing and China has experienced explosive growth in its industrial sector, whereas India’s growth has been fueled by the expansion of service-producing industries.
– According to Asia cloud computing, International connectivity has increased by 63% year-on-year, close to 2016’s 62%. Emerging markets took the lead in terms of growth. India, China, Indonesia, and all saw per-user speeds grow above 100%. APAC economies also have a slight advantage in terms of cloud regulation. This is the outcome of recent steps to strengthen privacy and intellectual property frameworks.
– For instance, Japan is hosting Olympics 2020, and they have pledged to provide 5G coverage with a range of interconnected devices. This movement is creating opportunities for cloud services market.

Market Overview:

  • The professional cloud services market was valued at USD18.27 billion in 2018 and is expected to reach a value of USD 48.86 billion by 2024, at a CAGR of 17.76 %, during the forecast period 2019-2024. The increase in the use of Artificial Intelligence (AI) with a growing focus on digital transformation initiatives are expected to provide growth opportunities for cloud services market
  • – Moreover, the increase in the service-oriented economy is one of the major factors for the growth of professional cloud services market. This was supported by cloud computing which helps in database management with reduced cost and those data can be accessed from anywhere.
  • – Further, in healthcare, the need is 24*7 and this industry provides lots of data which needs to handled for benefits for the patients. With cloud services, data can be shared among the medical service providers without ease which will provide healthcare solutions to patients. This is supported by AI and machine learning coming with cloud service because they reduce the time taken by a healthcare professional to analyze the data and give an optimum solution to patients.
  • – For instance, in January 2019, Walgreens Boots Alliance Inc. and Microsoft Corp. joined hands to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will focus on connecting WBA stores and health information systems to people wherever they are through their digital devices. This will further work with patients’ health care providers and the companies which will proactively engage their patients to improve medication adherence, reduce emergency room visits and decrease hospital readmissions
  • – However, the lack of skilled professionals and an increase in the number of cyber attacks year on year is acting as hurdles for the growth of the cloud market.

    Key Manufacturers Like 

  • Cisco Systems, Inc
  • Hewlett
  • Packard Company
  • Cognizant
  • Accenture PLC
  • Dell EMC
  • Microsoft Corporation
  • Fujitsu Limited
  • Capgemini SE
  • Infosys Limited
  • HCL Technologies Limited
  • Oracle Corporation
  • NTT DATA
  • Atos
  • Amazon Web Services
  • SAP SE.

    Scope of the Report:

  • Professional cloud services enable customers to deploy various types of cloud services. Cloud acts as a catalyst for IT transformation, providing the flexibility to combine the preferred clouds and existing on-premises infrastructure in the ratio best suited for the workload. Moreover, cloud professional services adapt easily to the changing landscape and meet new requirements. This allows the client organizations to focus on their core competency, which in turn, results in their overall growth. Furthermore, the rising focus on cost optimization and business agility have led to rising of cloud data centers.

    Professional Cloud Services market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Professional Cloud Services market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Professional Cloud Services market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Professional Cloud Services market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Professional Cloud Services market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Professional Cloud Services ?
    • Who are Opportunities, Risk and Driving Force of Professional Cloud Services market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Professional Cloud Services space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Professional Cloud Services market opportunities, market risk and market overview of the Market?

    Lastly, the Global Professional Cloud Services Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Professional Cloud Services Market Report:

    • To provide a detailed analysis of the market structure along with the Professional Cloud Services market forecast of various segments and sub-segments of the Professional Cloud Services market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Professional Cloud Services market trends that influence the global Professional Cloud Services market

    Detailed TOC of Professional Cloud Services Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Need for Delivering Strengthen Buyer Experiences
    4.3.2 Focus on Business Productivity
    4.4 Market Restraints
    4.4.1 Increasing Incidents of Cyber-attacks
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 TECHNICAL SNAPSHOT

    6 MARKET SEGMENTATION
    6.1 By Type of Deployment
    6.1.1 Public
    6.1.2 Private
    6.1.3 Hybrid
    6.2 By Type of Service Model
    6.2.1 Platform as a Service (PaaS)
    6.2.2 Software as a Service (SaaS)
    6.2.3 Infrastructure as a Service (IaaS)
    6.3 By End-user Industry
    6.3.1 Manufacturing
    6.3.2 Healthcare
    6.3.3 Retail
    6.3.4 IT and Telecommunications
    6.3.5 Government
    6.3.6 Media and Entertainment
    6.3.7 BFSI
    6.3.8 Other End-user Industries
    6.4 Geography
    6.4.1 North America
    6.4.2 Europe
    6.4.3 Asia-Pacific
    6.4.4 Latin America
    6.4.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Cisco Systems, Inc
    7.1.2 Hewlett-Packard Company
    7.1.3 Cognizant
    7.1.4 Accenture PLC
    7.1.5 Dell EMC
    7.1.6 Microsoft Corporation
    7.1.7 Fujitsu Limited
    7.1.8 Capgemini SE
    7.1.9 Infosys Limited
    7.1.10 HCL Technologies Limited
    7.1.11 Oracle Corporation
    7.1.12 NTT DATA
    7.1.13 Atos
    7.1.14 Amazon Web Services
    7.1.15 SAP SE

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    9 INVESTMENT ANALYSIS

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