Professional Cloud Services Market Growth Factors with Key Drivers Forecast from 2019-2024 | Industry Analysis by Key Players, and Upcoming Trends

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This “Professional Cloud Services Market” report 2019 delivers an in-depth impression, describing the Product/Industry Scope and expands market insights and forecasts to 2024. It shows market data by industry drivers, restraints and opportunities, also analyzes the market status, industry share, size, future trends and growth rate of the market. Professional Cloud Services market report is categorized based on application, end-user, technology, the types of product/service, and others, as well as regions. Additionally, the report comprehends the calculated expected CAGR of the Professional Cloud Services market derivative from previous records about the Professional Cloud Services market and current market trends organized with future developments.

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.

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    Professional Cloud Services market research report provides a definite industry standpoint, upcoming trends, and dynamics for market growth rate, market size, and key players of the industry with a forecast period of 2024.

    Major Key Players of Professional Cloud Services Market:

  • 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

    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. India 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 Vietnam 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.

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    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.

    Key Questions Answered in This Report:

    • What will be the market size?
    • What are the new opportunities?
    • What is the market share?
    • What is the targeted audience?
    • Which are the top players in the market?
    • How the competition goes in the market?
    • Which are the leading countries?
    • What are the challenges in the future?

    What Professional Cloud Services Market Research Report Offers:

    • Professional Cloud Services Market size, share assessments for the regional and country-level segments.
    • market Trends, Drivers, Constraints, Growth Opportunities, Threats, Challenges, Investment Opportunities, and recommendations.
    • Professional Cloud Services Market forecasts for 5 years along with historical data of all the mentioned segments, sub-segments, and the regional markets.
    • Competitive landscaping mapping the key trends.
    • Major company profiling with their detailed strategies, financials, and recent developments.
    • Strategic recommendations for the new companies and start-ups.
    • Supply chain trends mapping the latest technological advancements.
    • Strategic recommendations in business segments based on market estimations.

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    Detailed TOC of Professional Cloud Services Market 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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