Cloud Professional Services Market : Market Research By Knowledge Sourcing Intelligence

The cloud professional services market is expected to reach US$50.679 billion by the end of 2023, increasing from US$16.849 billion in 2017, growing at a CAGR of 20.15% during the forecast period. Cloud professional services support the selection, deployment and ongoing management of cloud-based services to customers via the internet. The market is expected to propel during the forecast period owing to the wide adoption of cloud-based services across a wide range of end-user industry vertical. 
Also, growing digitalization and a growing number of data centers are further fueling the growth of the cloud professional services market during the forecast period. However, concerns regarding data security may impede market growth. Furthermore, with the advent of artificial intelligence and machine learning, the tech giants like IBM, Google, and Microsoft are focused towards utilizing these technologies to deliver cloud-based services providing an opportunity to drive the market growth in the coming years and beyond. We are providing market research for cloud professional services market with complete information.
Sample view of cloud professional services market share 

Cloud Professional Services Market by Geography
Geographically, the cloud professional services market has been segmented as North America, South America, Europe, Middle East and Africa and the Asia Pacific. North America and Europe held a substantial market share owing to the early adoption of cloud solutions and increasing investment by firms to implement industrial automation solutions. Increasing competition along with the declining rate of survival in the North American region is promoting the adoption of cloud solutions amongst SMEs in an effort to stay competitive in the long run by cutting down operational costs, which in turn will add to the growing demand for cloud professional services. The Asia Pacific region will grow at a substantial rate owing to the trend towards big data and high adoption of automation solutions across industry verticals. A growing number of data centers along with favourable government policies favouring the establishment of new firms will augment the demand for cloud professional service in the region throughout the forecast period. 
cloud professional services market
Sample view of cloud professional services market​ share by geography
The North America cloud professional services market is projected to grow at a CAGR of XX.XX%, rising from US$XX.XX billion in 2017 to reach a total market size of US$XX.XX billion in 2023. This market has been further segmented as USA, Canada, Mexico and others. The USA dominated the North America cloud professional services market owing to the rising number of SMEs and increasing investment by vendors into setting up data centers. Furthermore, growing competition is motivating established companies to adopt cloud solutions as a cost-effective measure to stay competitive in the market. 
The USA cloud professional services market is projected to grow at a CAGR of XX.XX%, rising from US$XX.XX billion in 2017 to US$XX.XX billion in 2023. The USA dominated the cloud professional services market in the North American region and is one of the major domestic markets globally. As per the statistics released by the U.S. Bureau of Labor Statistics, the total number of firms less than 1-year-old in the country increased from 560,588 in 2010 to 679,072 in 2015. A booming number of new businesses in the country along with high adoption of cloud services will drive the demand for cloud professional services. 
Moreover, there is an increasing trend towards the setting up and adoption of edge data centers in the United States due to its cost-effectiveness and to tackle the latency issues. Budding edge data centers coupled with rising awareness regarding its advantages amongst the SMEs in the Tier II cities will augment the growing demand for cloud professional services in order to devise an effective roadmap for cloud adoption services. However, rising security concerns owing to a number of security breaches reported over the past few years will restrict the growing demand for cloud professional services in the USA over the forecast period. 
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