What is the current Professional Cloud Services Market size?

The Professional Cloud Services Market is projected to register a CAGR of 17.76% during the forecast period (2024-2029) Read More

Who are the key players in Professional Cloud Services Market?

Cisco Systems, Inc., Microsoft Corporation, Oracle Corporation, Fujitsu Limited and Accenture PLC are the major companies operating in the Professional Cloud Services Market. Read More

Which is the fastest growing region in Professional Cloud Services Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Professional Cloud Services Market?

In 2024, the North America accounts for the largest market share in Professional Cloud Services Market. Read More

What years does this Professional Cloud Services Market cover?

The report covers the Professional Cloud Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Professional Cloud Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Professional Cloud Services Market Size & Share Analysis - Industry Research Report

Professional Cloud Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Type of Deployment (Public, Private, Hybrid), Type of Service Model (Platform as a Service (PaaS), Software as a Service (SaaS), Infrastructure as a Service (IaaS)), End User (Government and Public Sector, Healthcare, Banking, Finance, Services, and Insurance (BFSI), Retail, IT and Telecommunications, Media and Entertainment), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Professional Cloud Services Industry Overview

The professional cloud services market is very competitive because of the presence of many major players like Cisco Systems Inc., Hewlett-Packard Company, Microsoft Corporation, Dell EMC, and Fujitsu Limited, among others. The main growth strategies used by these businesses to survive the fierce market competition are product launches, high expenditures on research and development, partnerships, and acquisitions.

In September 2022, GTC-NVIDIA announced its first infrastructure- and software-as-a-service offering, NVIDIA Omniverse Cloud. It is mainly a comprehensive suite of cloud services, especially for artists, developers, and enterprise teams to publish, design, operate, and experience metaverse applications anywhere.

In February 2022, Deloitte, KeyBank, and Google Cloud declared an expanded, multi-year strategic relationship to assist KeyBank in achieving its goal of being a cloud-first bank. KeyBank would be one of the largest regional banks in the U.S. to run its main platforms and applications on Google Cloud infrastructure. This would allow the financial institution to change how it runs, develops, and delivers digital experiences to its partners, clients, and teammates, all while keeping security.