Global Cloud Professional Services Market 2015-2019
About Global Cloud Professional Services
An increased number of cloud solutions from various vendors have created a complex cloud environment. Cloud customers are struggling with integrating and managing applications, workloads, cloud stacks, and other facets of the shift to cloud. They are spending heavily on consultants and system integrators to educate, plan, and implement their cloud environments. Vendors such as IBM and HCL are providing cloud as well as cloud professional services. However, they often face challenges such as country-specific laws and vertical-specific niche requirements.
Technavio's analysts forecast the global cloud professional services market to grow at a CAGR of 23.38% over the period 2014-2019.
Covered in this Report
The global cloud professional services market is segmented on the basis of services such as ADM, consulting, and SI.
Technavio's report, Global Cloud Professional Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Cloud Professional Services Market 2015-2019
Technavio recognizes the following companies as the key players in the global cloud professional services market: Accenture, HCL Technologies, Hewlett- Packard, IBM and PricewaterhouseCoopers
Other Prominent Vendors in the market are: AT&T, Capgemini, Cisco, Citrix, Cognizant, CSC, Dell, Deloitte, EMC, Fujitsu, Informatica, Infosys, Microsoft, NTT Data, Oracle, TCS, T-systems, Unisys, Verizon and Wipro
Commenting on the report, an analyst from Technavio’s team said: In the 1990s, cloud applications were designed for enterprises as a whole. Now, companies are moving away from that model and require cloud services that cater to specific industry needs. While there is still a need for general services such as scalable storage and computing capabilities among enterprises, vendors are witnessing the trend of personalized and customized services for different verticals. There is also huge demand for customized and personalized services for the insurance, telecom, banking, utilities, and HR verticals.
According to the report, the adoption of a cloud platform for business solutions benefits an enterprise in many ways. Companies can reduce their cost of operations significantly by moving their infrastructure needs to the cloud. As businesses are transforming to take advantage of cloud economies, the complexities around cloud technology and integrating workloads with legacy systems are still perceived as cumbersome.
Further, the report states that a lack of data security and compliance standards makes chief information officers hesitant to adopt a cloud-based system.
Accenture, HCL Technologies, Hewlett- Packard, IBM, PricewaterhouseCoopers, AT&T, Capgemini, Cisco, Citrix, Cognizant, CSC, Dell, Deloitte, EMC, Fujitsu, Informatica, Infosys, Microsoft, NTT Data, Oracle, TCS, T-systems, Unisys, Verizon, Wipro