North America 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 North America Cloud Professional Services Market would witness market growth of 14.9% CAGR during the forecast period (2021-2027). Advantages such as better efficiency, lower risk & cost, and accelerated cloud automation are offered by cloud professional service. The growing demand for cloud-based solutions across different industries such as healthcare, BFSI, education, and the government is fuelling the demand & growth of cloud professional services.
Companies are forced to adopt different kinds of cloud services due to the increasing prominence of cloud computing. The leading players operating in the market are providing cloud-based services for enterprises of different ranges, from small and medium to large enterprises, across a broad range of industries, hence creating more growth opportunities for the cloud professional services market.
Service vendors are successful in developing various opportunities for cloud professionals owing to the cost-efficiency and simple usage of different kinds of cloud services. The demand for professional cloud services is further fuelled by the quickly rising service sector in various countries. It is quite easy for cloud professional service to adapt to the ever-changing landscape and allows customers to adopt different solutions smoothly. It plays the role of IT catalyst for IT information, offering the capacity to integrate the required clouds with current on-premises infrastructure as per the working requirements of the company. There are a high number of players operating in the market which makes it extremely competitive.
The US market dominated the North America Cloud Professional Services Small & Medium Enterprises Market by Country 2020, growing at a CAGR of 16.8 % during the forecast period. The Canada market is experiencing a CAGR of 20.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 19.4% during (2021 - 2027).
The BFSI market dominated the Canada Cloud Professional Services Market by Industry Vertical 2020, thereby, achieving a market value of $534.8 million by 2027. The IT & Telecom market is estimated to grow at a CAGR of 16.3% during (2021 - 2027). Additionally, The Healthcare market is expected to witness highest CAGR of 18.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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