The Latin America, Middle East and Africa Cloud Professional Services Market would witness market growth of 20.1% CAGR during the forecast period (2021-2027).
Private cloud services provide a simple way to the system, server, and storage space for all kinds of users together with big and small & medium enterprises. Due to the spike in ICT expenditure by the government of various developed and emerging regions, the cloud professional services market is set to witness a massive growth in the next few years.
Factors like the demand for safe IT operations and low cost would supplement the growth of the overall market. Companies around the world aim to create a portable workforce, wherein employees can have the access to information and other resources using the internet. Thus, different IT components, like systems, servers, storage space, and others, are expected to witness massive demand in the forthcoming years. The growth of the private cloud services market is expected to be fueled by the rise in preference towards the private cloud for enhanced data security parameters, secured information networks, the spike in application development, and platform-based cloud services.
Hybrid cloud refers to the blend of a public cloud provider, like Google Cloud, Amazon web services with a private cloud which is made to be utilized by a single company. Hybrid cloud has helped companies to attain higher flexibility and more data deployment options by enabling work burden to divide between public and private clouds with the changing computing requirements and prices. Presently, various companies of any size, from small to large are switching from conventional to digital mode of business. Due to this switch, the hybrid cloud market is appearing owing to the advantages offered such as better security, flexibility, agility, and decreased total cost of ownership.
The Brazil market dominated the LAMEA Implementation & Migration Cloud Professional Services Market by Country 2020, thereby, achieving a market value of $197.6 million by 2027. The Argentina market would witness a CAGR of 21.6% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 20.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Professional Services Market is Predict to reach $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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