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Cloud Professional Services Market Trends

  • Report ID: GMI5582
  • Published Date: Jul 2024
  • Report Format: PDF

Cloud Professional Services Market Trends

Businesses are adopting multi-cloud environments to benefit from the strengths of different cloud providers and reduce dependency on a single vendor. This growth has fueled the demand for cloud professional services specialized in integrating and managing multiple cloud platforms. These services ensure smooth interoperability, data portability, and centralized management across various clouds.
 

For instance, in April 2024, Best Buy, Google Cloud, and Accenture announced a strategic partnership to enhance customer support with generative AI which further highlights multi-cloud adoption. By integrating solutions from different providers, the collaboration showcases the importance of leveraging multiple cloud services in optimizing customer interactions. It further demonstrates the growing need for professional services managing complex, multi-cloud environments.
 

Moreover, cloud services are gradually incorporating AI and ML technologies. Cloud professional service providers are helping businesses use AI/ML for data analytics, predictive modeling, Natural Language Processing (NLP), and computer vision. They assist in developing and deploying AI/ML models on cloud platforms, optimizing infrastructure for AI workloads, and creating data pipelines for AI-driven insights.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud professional services reached USD 22 billion in 2023 and is set to register 16% CAGR from 2024 to 2032, owing to the growth in the number of organizations adopting specialized cloud solutions worldwide.

Cloud professional services industry from the SaaS segment held 39% share in 2023, due to businesses turning to SaaS solutions to streamline their operations.

North America market accounted for 44% share in 2023, due to increasing adoption of advanced technologies, boosting the demand for professional cloud services in the region

Amazon Web Services (AWS), Microsoft, Oracle Corporation, Google LLC, Cisco, Accenture, and IBM Corporation, are some of the major cloud professional services companies worldwide.

Cloud Professional Services Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 301
  • Countries covered: 21
  • Pages: 250
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