Global Cloud Professional Services market will reach 13,227.6 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/9/4

The cloud professional services market is expected to reach US$ 13,227.6 million by the end of 2025, increasing from US$ 3,743.7 million in 2018, growing at a CAGR of 19.76% 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 2018 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, Capgemini, Microsoft Corporation, and IBM Corporation among others.

Click to view the full report: https://www.qyresearch.com/index/detail/1126703/global-cloud-professional-services-market

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