Cloud Engineering Market by Service Type (Consulting and Design, Cloud Storage, Integration and Migration), Service Model, Organization Size, Deployment Model, Vertical, and Region - Global Forecast to 2022
[130 Pages Report] The cloud engineering market size is expected to grow from USD 4.20 Billion in 2016 to USD 13.43 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period. The demand for cloud computing is driven by many factors, such as lower costs, flexibility, agility, and security. Engineering combines the know-hows of research and innovation with the lifecycle of cloud-ready products to offer state-of-the-art Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service SaaS service, and reduce the Time-to-Market (TTM). With the increasing penetration of cloud computing and related technologies, such as Internet of Things (IoT), and edge computing and serverless architecture, the demand for cloud engineering services among enterprises is gaining huge traction. The base year considered for this study is 2016 and the forecast period is 20172022.
Objectives of the Cloud Engineering Market Study
- To describe and forecast the global cloud engineering market on the basis of service types, service models, organization sizes, deployment models, verticals, and regions
- To forecast the market size of the 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To analyze the subsegments with respect to individual growth trends, prospects, and contribution to the cloud engineering market
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze the opportunities in the market for stakeholders and provide details of competitive landscape for major players
- To profile key players and comprehensively analyze their core competencies and positioning
- To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships, agreements, and collaborations in the market
The research methodology used to estimate and forecast the market began with capturing data on key vendor revenues through secondary research, such as Cloud Computing Association, Associations of Financial Professional, and Information System Security Association. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global cloud engineering market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of primary profiles is depicted in the below figure:
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The cloud engineering market ecosystem comprises service providers, such as Sogeti (France, Europe), Aricent Inc. (California, US), Trianz (California, US), GFT Technologies SE (Germany, Europe), Engineering Ingegneria Informatica SpA (Rome, Europe), Rapidvalue Solutions Inc. (California, US), ITC Infotech India Ltd. (Karnataka, India), Nitor Infotech (Maharashtra, India), Softcrylic LLC (Minnesota, US), Calsoft Inc. (California, US), Searce Inc. (Texas, US), and VVDN Technologies (Haryana, India). These players have adopted various strategies, such as new product developments, mergers and acquisitions, collaborations, and partnerships, to expand their presence in the global cloud engineering market. The other stakeholders of the market include systems integrators, application designers and development service providers, and network service providers. These Cloud Engineering Services Vendors are rated and listed by us on the basis of product quality, reliability, and their business strategy. Please visit 360Quadrants to see the vendor listing of Cloud Engineering Services.
Key Target Audience For The Cloud Engineering Market
- Training and consulting service providers
- Cloud engineering vendors
- Cloud service providers
- Telecom service providers
- System integrators
- Cloud service providers
- Government agencies
- Managed service providers
"The research study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments."
Scope of the Market
The research report categorizes the market to forecast the revenues and analyzes the trends in each of the following submarkets:
Cloud Engineering Market By Service Type
- Consulting and Design
- Cloud storage
- Training and education
- DevOps
- Integration and migration
- Cloud security
Cloud Engineering Market By Service Models
- Infrastructure-as-a-service
- Platform-as-a-service
- Software-as-a-service
Cloud Engineering Market By Organization Size
- Large enterprises
- Small and Medium-Sized Enterprises (SMEs)
Cloud Engineering Market By Deployment Model
- Public cloud
- Private cloud
- Hybrid cloud
Cloud Engineering Market By Vertical
- Telecommunication and IT Enabled Services (ITES)
- Government and defense
- Banking, Financial Services, and Insurance (BFSI)
- Manufacturing
- Healthcare and life sciences
- Manufacturing
- Retail and consumer goods
- Energy and utilities
Cloud Engineering Market By Region
- North America
- Europe
- Asia Pacific (APAC)
- Latin America
- Middle East and Africa (MEA)
The cloud engineering market has been segmented on the basis of service types, service models, organization sizes, deployment models, verticals, and regions. The cloud storage service type is expected to grow at the highest CAGR during the forecast period, and the consulting and design service segment is estimated to have the largest market size in 2017 in the market. Engineering in the cloud uses an approach that addresses the entire lifecycle of application programs, design, development, testing, and development operation phases. Adoption of cloud services among the Small and Medium-Sized Enterprises (SMEs) segment have become a central part of the business processes, due to the ease of use and the flexibility they offer, and is expected to grow in the coming years.
The public cloud deployment model is estimated to hold the largest market share in 2017. By using cloud engineering, enterprises are developing new and better ways to enhance operational benefits, while reducing costs. Lower costs and greater efficiency than on-premises and growing adoption of serverless computing are driving the demand for the cloud engineering market services. The enterprises, which are adopting cloud engineering, are increasingly inclined toward deploying cloud-based services to run their critical business functions.
North America is estimated to have the largest market share in 2017, whereas the Asia Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the cloud engineering market. An increasing need for efficient computing framework and shifting of workload to cloud environment are driving the demand for the market, globally.
Adoption of cloud engineering market is increasing in the market, owing to the growing adoption of cloud-based services and the emergence of Internet of Things (IoT). However, enterprises face some obstacles while adopting cloud engineering, such as the fear to lose control of data and protection of Intellectual Property Rights (IPR), and rising concerns for regulatory compliances.
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on the company-specific needs.
Company Information
Detailed analysis and profiling of additional cloud engineering market players (up to 5).
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.3.2 Currency
1.4 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Attractive Market Opportunities in the Cloud Engineering Market
4.2 Market Share of Deployment Models, 20172022
4.3 Market Investment Scenario
4.4 Market Service Types, 20172022
5 Market Overview and Industry Trends (Page No. - 30)
5.1 Introduction
5.2 Regulatory Implications
5.2.1 Payment Card Industry Data Security Standard (PCI DSS)
5.2.2 Federal Information Security Management Act (FISMA)
5.2.3 International Organization for Standardization/International Electrotechnical Commission 27018 ((ISO/IEC 27018)
5.3 Innovation Spotlight
5.4 Cloud Engineering Services: Life Cycle
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Increasing Demand for Tailored Services
5.5.1.2 Rising Demand to Accelerate the Product Release Cycle Time
5.5.1.3 Concept Testing Before Making Huge Investments
5.5.2 Restraints
5.5.2.1 Fear of Losing Control Over the Data and the Protection of IPR
5.5.2.2 Concern of Regulatory Compliance
5.5.3 Opportunities
5.5.3.1 Growing Adoption of Cloud
5.5.3.2 Emergence of IoT
5.5.4 Challenges
5.5.4.1 Developing Cloud-Aware Software Development Environment
5.5.4.2 Issues With Third-Party Services
6 Cloud Engineering Market Analysis By Service Type (Page No. - 37)
6.1 Introduction
6.2 Consulting and Design
6.3 Cloud Storage
6.4 Training and Education
6.5 DevOps
6.6 Integration and Migration
6.7 Cloud Security
6.8 Others
7 Cloud Engineering Market Analysis, By Service Model (Page No. - 44)
7.1 Introduction
7.2 Infrastructure-As-A-Service
7.3 Platform-As-A-Service
7.4 Software-As-A-Service
8 Cloud Engineering Market Analysis By Organization Size (Page No. - 48)
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9 Cloud Engineering Market Analysis, By Deployment Model (Page No. - 52)
9.1 Introduction
9.2 Public Cloud
9.3 Hybrid Cloud
9.4 Private Cloud
10 Cloud Engineering Market Analysis By Vertical (Page No. - 57)
10.1 Introduction
10.2 Telecommunication and ITES
10.3 Government and Defense
10.4 Banking, Financial Services, and Insurance
10.5 Manufacturing
10.6 Healthcare and Life Sciences
10.7 Retail and Consumer Goods
10.8 Energy and Utilities
10.9 Others
11 Geographic Analysis (Page No. - 65)
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.2 Canada
11.3 Europe
11.3.1 United Kingdom
11.3.2 Germany
11.3.3 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 Rest of Asia-Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 Middle East and Africa
11.6.1 Kingdom of Saudi Arabia
11.6.2 Africa
11.6.3 Rest of Middle East
12 Competitive Landscape (Page No. - 86)
12.1 Micro-quadrant Overview
12.1.1 Visionary Leaders
12.1.2 Innovators
12.1.3 Dynamic Differentiators
12.1.4 Emerging Companies
12.2 Competitive Benchmarking
12.2.1 Strength of Product Portfolio in the Cloud Engineering Market
12.2.2 Business Strategy Excellence Adopted in the Market
13 Company Profiles (Page No. - 90)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
13.1 Sogeti
13.2 Aricent
13.3 Engineering Ingegneria
13.4 Trianz
13.5 ITC Infotech
13.6 GFT
13.7 Infosys
13.8 Nitor
13.9 Calsoft
13.10 Rapidvalue
13.11 VVDN
13.12 Searce
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 120)
14.1 Industry Excerpts
14.2 Discussion Guide
14.3 Knowledge Store: MarketsandMarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (62 Tables)
Table 1 United States Dollar Exchange Rate, 20142016
Table 2 Cloud Engineering Market Size, By Service Type, 20152022 (USD Million)
Table 3 Consulting and Design: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 4 Cloud Storage: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 5 Training and Education: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 6 DevOps: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 7 Integration and Migration: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 8 Cloud Security: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 9 Others: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 10 Cloud Engineering Market Size, By Service Model, 20152022 (USD Million)
Table 11 Infrastructure-As-A-Service: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 12 Platform-As-A-Service: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 13 Software-As-A-Service: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 14 Cloud Engineering Market Size, By Organization Size, 20152022 (USD Million)
Table 15 Small and Medium-Sized Enterprises: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 16 Large Enterprises: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 17 Cloud Engineering Market Size, By Deployment Model, 20152022 (USD Million)
Table 18 Public Cloud: Market Size, By Region, 20152022 (USD Million)
Table 19 Hybrid Cloud: Market Size, By Region, 20152022 (USD Million)
Table 20 Private Cloud: Market Size, By Region, 20152022 (USD Million)
Table 21 Cloud Engineering Market Size, By Vertical, 20152022 (USD Million)
Table 22 Telecommunication and ITES: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 23 Government and Defense: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 24 Banking, Financial Services, and Insurance: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 25 Manufacturing: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 26 Healthcare and Life Sciences: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 27 Retail and Consumer Goods: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 28 Energy and Utilities: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 29 Others: Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 30 Cloud Engineering Market Size, By Region, 20152022 (USD Million)
Table 31 North America: Cloud Engineering Market Size, By Country, 20152022 (USD Million)
Table 32 North America: Market Size, By Service Type, 20152022 (USD Million)
Table 33 North America: Market Size, By Service Model, 20152022 (USD Million)
Table 34 North America: Market Size, By Organization Size, 20152022 (USD Million)
Table 35 North America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 36 North America: Market Size, By Vertical, 20152022 (USD Million)
Table 37 Europe: Cloud Engineering Market Size, By Country, 20152022 (USD Million)
Table 38 Europe: Market Size, By Service Type, 20152022 (USD Million)
Table 39 Europe: Market Size, By Service Model, 20152022 (USD Million)
Table 40 Europe: Market Size, By Organization Size, 20152022 (USD Million)
Table 41 Europe: Market Size, By Deployment Model, 20152022 (USD Million)
Table 42 Europe: Market Size, By Vertical, 20152022 (USD Million)
Table 43 Asia-Pacific: Cloud Engineering Market Size, By Country, 20152022 (USD Million)
Table 44 Asia Pacific: Market Size, By Service Type, 20152022 (USD Million)
Table 45 Asia Pacific: Market Size, By Service Model, 20152022 (USD Million)
Table 46 Asia Pacific: Market Size, By Organization Size, 20152022 (USD Million)
Table 47 Asia Pacific: Market Size, By Deployment Model, 20152022 (USD Million)
Table 48 Asia Pacific: Market Size, By Vertical, 20152022 (USD Million)
Table 49 Latin America: Cloud Engineering Market Size, By Country, 20152022 (USD Million)
Table 50 Latin America: Market Size, By Service Type, 20152022 (USD Million)
Table 51 Latin America: Market Size, By Service Model, 20152022 (USD Million)
Table 52 Latin America: Market Size, By Organization Size, 20152022 (USD Million)
Table 53 Latin America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 54 Latin America: Market Size, By Vertical, 20152022 (USD Million)
Table 55 Middle East and Africa: Cloud Engineering Market Size, By Sub-Region, 20152022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Country, 20152022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Service Type, 20152022 (USD Million)
Table 58 Middle East and Africa: Market Size, By Service Model, 20152022 (USD Million)
Table 59 Middle East and Africa: Market Size, By Organization Size, 20152022 (USD Million)
Table 60 Middle East and Africa: Market Size, By Deployment Model, 20152022 (USD Million)
Table 61 Middle East and Africa: Cloud Engineering Market Size, By Vertical, 20152022 (USD Million)
Table 62 Market Ranking for the Market, 2017
List of Figures (27 Figures)
Figure 1 Cloud Engineering Market: Market Segmentation
Figure 2 Cloud Engineering Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Cloud Engineering Market: Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Cloud Engineering Market is Expected to Witness A High Growth During the Forecast Period
Figure 8 North America is Expected to Hold the Largest Market Share in 2017
Figure 9 Top 3 Segments With the Largest Market Shares of the Market
Figure 10 Increasing Demand for Tailored Services is Expected to Contribute to the Growth of the Cloud Engineering Market
Figure 11 Public Cloud and Hybrid Cloud are Expected to Have the Largest Market Shares in 2017
Figure 12 Asia Pacific is Expected to Emerge as the Best Market for Investment in the Next 5 Years
Figure 13 Consulting and Design is Expected to Have the Largest Market Size in 2017
Figure 14 Cloud Engineering Services: Life Cycle
Figure 15 Cloud Engineering Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Consulting and Design Service Type is Expected to Have the Largest Market Size During the Forecast Period
Figure 17 Infrastructure-As-A-Service Model is Expected to Hold the Largest Market Size During the Forecast Period
Figure 18 Small and Medium-Sized Enterprises Segment is Expected to Hold the Largest Market Size During the Forecast Period
Figure 19 Public Cloud Model is Expected to Hold the Largest Market Size During the Forecast Period
Figure 20 Telecommunication and ITES Vertical is Expected to Hold the Largest Market Size During the Forecast Period
Figure 21 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 22 North America Market Snapshot
Figure 23 Asia Pacific Market Snapshot
Figure 24 Cloud Engineering Market (Global), Competitive Leadership Mapping, 2017
Figure 25 Sogeti: Company Snapshot
Figure 26 GFT: Company Snapshot
Figure 27 Infosys: Company Snapshot
Growth opportunities and latent adjacency in Cloud Engineering Market