PUBLISHER: The Business Research Company | PRODUCT CODE: 1658892
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658892
Cloud professional services involve the selection, deployment, and ongoing management of various cloud-based resources over the internet. These services are utilized by companies for planning and managing their cloud infrastructure according to their specific needs.
The main categories of services within cloud professional services include consulting, application development and modernization, implementation and migration, integration, and optimization. Consulting focuses on upgrading existing enterprise infrastructure, assessing the current system, and performing quality validation and verification. It provides recommendations for the right architecture that aligns with clients' business needs. Deployment models encompass public cloud and private cloud, while organization sizes range from small and medium-sized enterprises (SMEs) to large enterprises. The services cater to various industry verticals, including BFSI, manufacturing, healthcare and life sciences, IT and ITES, government, telecommunications, retail and consumer goods, energy and utilities, among others.
The cloud professional services market research report is one of a series of new reports from The Business Research Company that provides cloud professional services market statistics, including cloud professional services industry global market size, regional shares, competitors with an cloud professional services market share, detailed cloud professional services market segments, market trends and opportunities, and any further data you may need to thrive in the cloud professional services industry. This cloud professional services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cloud professional services market size has grown rapidly in recent years. It will grow from $33.72 billion in 2024 to $38.96 billion in 2025 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to cost efficiency focus, security concerns, scalability demands, compliance requirements, data management challenges, business continuity planning.
The cloud professional services market size is expected to see exponential growth in the next few years. It will grow to $81.35 billion in 2029 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to multi-cloud strategies, containerization and microservices, serverless computing, focus on cloud-native development, data governance and privacy, customer experience optimization. Major trends in the forecast period include increased cloud adoption, focus on cloud security and compliance, application modernization and migration services, focus on data management and analytics in the cloud, containerization and kubernetes adoption, quantum computing exploration.
The growing emphasis on digitizing business processes is anticipated to drive the expansion of the cloud professional services market in the future. Digitalization of business processes entails utilizing digital tools to manage data and information electronically, transforming production and other business functions into more efficient, productive, and revenue-generating operations. These processes rely on cloud professional services, which enhance investments in digitalization, as well as the collection and storage of data and sensitive information within a cloud environment to minimize risks and optimize business outcomes. Additionally, these services facilitate the effective management of remote work. For example, in October 2023, Whatfix, an Indian SaaS-based digital adoption platform, projected that global IT spending will reach $5 trillion in 2024, reflecting an 8.6% increase from 2023. This growth underscores the increasing importance that businesses are placing on digital technologies to enhance operations and adapt to changing market demands. Consequently, digitalization is a key driver of growth in the cloud professional services market.
The growing adoption of cloud computing is projected to drive the expansion of the cloud professional services market in the future. The cloud refers to a network of remote servers hosted on the internet that store, manage, and deliver data, applications, and services to users and organizations. Cloud computing serves as the essential technology that supports cloud professional services, offering the infrastructure and platforms required for service delivery, management, and scalability. This enhances efficiency and flexibility in addressing clients' IT needs. For example, in January 2023, Google LLC, a U.S.-based information technology company, reported that 76% of individuals utilized the public cloud in 2022, marking a 56% increase from 2021. Thus, cloud computing is a key driver of growth in the cloud professional services market.
Technological innovations emerge as a prominent trend shaping the landscape of the cloud professional services market. Major industry players are actively introducing new technologies to fortify their market position. An illustrative example is Sygitech Cloud Solutions, which launched SygiOps and SygiCloudSync in July 2022. These technologies aim to automate routine tasks, reducing human errors, and enhancing the efficiency of IT staff. The adoption of such cloud-based automation technologies signifies a strategic move toward minimizing manual intervention and optimizing operational workflows.
Leading companies in the cloud professional services market are focusing on innovative solutions, such as cloud migration and management services, to assist businesses in optimizing their cloud infrastructure, improving operational efficiency, and driving digital transformation. New ThinkAgile hyperconverged solutions simplify IT infrastructure by merging computing, storage, and networking into a single, scalable platform, resulting in enhanced performance and efficiency. For example, in December 2023, Lenovo, a technology company based in China, announced the expansion of its hybrid cloud platform for AI with new ThinkAgile hyperconverged solutions and ThinkSystem servers. These advancements improve cloud deployment, hybrid connectivity, and AI capabilities, leveraging the next generation of Intel Xeon Scalable Processors. The new AI-ready platform enhances performance and integrates the latest accelerators, representing a crucial step toward delivering a dynamic hybrid AI approach across public, private, and foundational models to enable AI for all.
In November 2023, Syntax Systems Ltd., a Canada-based system software company, acquired Solutions Beyond Technologies for an undisclosed amount. This acquisition is part of Syntax Systems' strategy to bolster its global presence, expand its industry expertise, and enhance its SAP-based cloud services. The aim is to better support business transformations and provide specialized cloud and technology solutions to mid-market and large enterprises. Beyond Technologies, also based in Canada, is a cloud professional services firm that specializes in SAP solution integration and business process optimization.
Major companies operating in the cloud professional services market are Accenture PLC, HCL Technologies Ltd., Cognizant Technology Solutions India Pvt Ltd., Capgemini SE, Cisco Systems Inc., DXC Technology Company, Hitachi Vantara Corporation, Infosys Limited, NTT Data Corporation, Amazon.com Inc., Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Fujitsu Limited, Wipro Limited, PricewaterhouseCoopers International Limited, Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, T-Systems International GmbH, Rackspace Technology Inc., SAP SE, StackOverdrive.io LLC, Renova Cloud Company Limited, Advascale SIA, Gorilla Logic LLC, BlueSoft Sp. Z.o.o, Turing Enterprises Inc., Cubex Systems Pty Ltd., Debuide Technologies (OPC) Pvt. Ltd., Exodata LLC, Tata Consultancy Services Ltd., Coastal Cloud LLC, OpenText Corp., CompuData Inc., Spaulding Ridge Enterprises London Llimited, Navisite LLC, Assured Technology Pvt. Ltd., Tech Mahindra Ltd., Atos Information Technology Incorporated, Cloudreach Europe Ltd.
North America was the largest region in the cloud professional services market in 2024. Asia-Pacific is expected to be fastest growing region in the cloud professional services market report forecast period. The regions covered in the cloud professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cloud professional services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cloud professional services market includes revenues earned by entities by providing cloud migration services, cloud native application development services, cloud migration, deployment, customization, private and public cloud integration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cloud Professional Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud professional services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud professional services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cloud professional services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.