Asia Pacific Cloud Professional Services Market By Organization Size (Large Enterprises and Small & Medium Enterprises), By Type (Public Cloud, Private Cloud and Hybrid Cloud), By Service Type (Consulting, Application Development & Modernization, Implementation & Migration and Integration & Optimization), By Industry Vertical (BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing, and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Cloud Professional Services Market would witness market growth of 18.3% CAGR during the forecast period (2021-2027). Using cloud professional services, the companies become empowered to install cloud technologies with an aim to drive operations and enhance efficiency. With the help of these services, businesses become capable of designing, installing, and managing cloud systems in order to enhance efficiency, flexibility, and infrastructure scalability.
There is a paradigm shift among the end-users from hardware or on-premises infrastructure to a cloud-based system and vendors help end-users in this transition. Using these services, currently available cloud systems can be optimized, and vendors give services like integration, customized application development, application modernization, consulting and advisory, implementation, migration, optimization, product implementation, and support and maintenance.
Cloud professional services are not only a cloud delivery model which cuts down the cost of installing the system, but it also develops end-to-end delivery solutions that offer extra value to the customers across business and technical operations of the enterprise. Service vendors find beneficial insights on the installation of services when they operate a business of their clients and these insights appear with the emerging business needs, technical updates, or new mandates imposed.
As compared to the conventionally utilized methods, the cloud provides several benefits to enterprises. It provides flexibility, lowers down the cost, enhances productivity, and decreases risk attached with conventionally adopted methods. Along with this, companies are receiving new services on a regular basis from cloud vendors which appear due to the recent advancements so that they can survive in an extremely competitive landscape. However, transition to the cloud could be difficult as the complication is increased in the cloud ecosystem and if the deployment would not provide the required results, it would hamper the growth of a company and bring monetary & non-monetary damages. Therefore, companies are looking for cloud professional services providers who can finish this task for them with their expertise and skillsets. Thus, one of the major catalysts for the growth of the cloud professional services market is the complicated nature of the cloud.
The China market dominated the Asia Pacific Cloud Professional Services Private Cloud Market by Country 2020, thereby, achieving a market value of $1,356.7 million by 2027. The Japan market is showcasing a CAGR of 18.4% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 19.8% during (2021 - 2027).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Service Type, the market is segmented into Consulting, Application Development & Modernization, Implementation & Migration and Integration & Optimization. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, HCL Technologies Ltd. (HCL Enterprises), Hewlett Packard Enterprise Company, IBM Corporation, DXC Technology Company, Cognizant Technology Solutions Corporation, Wipro Limited, Hitachi, Ltd., Cisco Systems, Inc., and Capgemini SE.
Scope of the Study
Market Segments Covered in the Report:
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Service Type
- Application Development & Modernization
- Implementation & Migration
- Integration & Optimization
By Industry Vertical
- IT & Telecom
- Retail & eCommerce
- Government & Defense
- Media & Entertainment
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- HCL Technologies Ltd. (HCL Enterprises)
- Hewlett Packard Enterprise Company
- IBM Corporation
- DXC Technology Company
- Cognizant Technology Solutions Corporation
- Wipro Limited
- Hitachi, Ltd.
- Cisco Systems, Inc.
- Capgemini SE
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