The Europe Cloud Professional Services Market would witness market growth of 15.5% CAGR during the forecast period (2021-2027). Cloud computing is considered as the model of a network where a program or applications run, wherein many devices can access these applications simultaneously. Cloud computing technology refers to a switch in the domain of computing, which has brought the latest and rapid ways to give computing solutions, infrastructure solutions, and application layers.
Professional cloud services help customers in implementing different kinds of cloud services. Cloud plays a crucial role in IT transformation, offering the flexibility to integrate the desired clouds and current on-premises framework in the proportion which can perfectly balance the workload. In addition, cloud professional services are capable enough to adapt to the shifting environment and fulfill new needs. As a result of this, client companies can focus on their primary competency, which drives the overall development. Moreover, the constant increment in the number of cloud data centers is supported by the growing focus on cloud optimization and business agility.
The shift in adoption is mainly due to the technological advancement of cloud computing because the worldwide deployment of cloud would result in the improvement in the technology and influence cost correction substantially. Sure, in the acceptance of cloud computing services in SMEs and the financial restraint of the new companies gives an opportunity for Cloud computing technology to prove its cost-effective capabilities. These aspects act as the catalyst for the growth of the cloud services market.
The Germany market dominated the Europe Retail & eCommerce Cloud Professional Services Market by Country 2020, thereby, achieving a market value of $407.9 million by 2027. The UK market is exhibiting a CAGR of 15.1% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 16.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Professional Services Market Size will Hit $42.1 Billion by 2027, at a CAGR of 16.4%
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.
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