Cloud Professional Services Market

The study involves four major activities in estimating the current size of the Cloud Professional Services market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the Cloud Professional Services market.

Secondary Research

The market size of companies offering Cloud Professional Services solutions and services was arrived at based on the secondary data available through paid and unpaid sources, by analyzing the product portfolios of major companies in the ecosystem, and by rating the companies based on their product capabilities and business strategies.

In the secondary research process, various sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, investor presentations of companies, and product data sheets, white papers, journals, certified publications, and articles from recognized authors, government websites, directories, and databases.

Secondary research was used to obtain key information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Cloud Professional Services market.

Primary interviews were conducted to gather insights, such as market statistics, the latest trends disrupting the market, new use cases implemented, data of revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped in understanding various trends related to technologies, segmentation types, industry trends, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs); the installation teams of governments/end users using Cloud Professional Services solutions and services; and digital initiatives project teams, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current use of solutions solutions affecting the overall Cloud Professional Services market.

Breakup of primary interviews

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the Cloud Professional Services market and various other dependent subsegments. The research methodology used to estimate the market size included the following details:

• The key players in the market were identified through secondary research, and their revenue contributions in the respective countries were determined through primary and secondary research.
• This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives.
• All percentage splits and breakups were determined using secondary sources and verified through primary sources.

In the bottom-up approach, the adoption trend of Cloud Professional Services solutions and services among industry verticals in key countries with respect to regions that contribute to most of the market share was identified. For cross-validation, the adoption trend of Cloud Professional Services solution and services, along with different use cases with respect to their business segments, was identified and extrapolated. Weightage was given to the use cases identified in different solution areas for the calculation. An exhaustive list of all vendors offering solutions and services in the Cloud Professional Services market was prepared. The revenue contribution of all vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Vendors with Cloud Professional Services solution and service offerings were considered to evaluate the market size. Each vendor was evaluated based on its solutions and service offerings across verticals. The aggregate of all companies’ revenue was extrapolated to reach the overall market size. Each subsegment was studied and analyzed for its market size and regional penetration. Based on these numbers, the region split was determined by primary and secondary sources.

In the top-down approach, an exhaustive list of all vendors in the Cloud Professional Services market was prepared. The revenue contribution of all vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. The market size was estimated from revenues generated by vendors from different Cloud Professional Services solutions and service offerings. Revenue generated from each component (solutions and services) from different vendors was identified with the help of secondary and primary sources and combined to arrive at market size. Further, the procedure included an analysis of the market’s regional penetration. With the data triangulation procedure and data validation through primaries, the exact values of the overall Cloud Professional Services market size and its segments’ market size were determined and confirmed using the study. The primary procedure included extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. These market numbers were further triangulated with the existing MarketsandMarkets’ repository for validation.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Defination

Considering the sources and associations’ views, MarketsandMarkets defines cloud professional services as “a set of practices offered to organizations that plan to implement cloud technologies to drive business operations and improve efficiency. Cloud professional service providers enable businesses to design, implement, and manage cloud systems to improve efficiency, flexibility, and infrastructure scalability. Vendors aid end users in the transition from hardware or on-premises infrastructure to a cloud-based system and help in the optimization of pre-existing cloud systems.”

Key Stakeholders

• Technology service providers
• Cloud service providers (CSPs)
• Colocation providers
• Government organizations
• Networking companies
• Consultants/consultancies/advisory firms
• Support and maintenance service providers
• Telecom service providers
• Information technology (IT) infrastructure providers
• System integrators (SIs)
• Regional associations
• Independent software vendors (ISVs)
• Value-added resellers and distributors.

Report Objectives

• To define, describe, and forecast the global Cloud Professional Services market on the basis of Service Type (Consulting, Integration & Optimization, Implementation & Migration, and Application Development & Modernization), Service Model (PaaS, SaaS, and IaaS), Deployment Model, Organization Size, Vertical, and Region.
• To forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
• To strategically analyze the market subsegments with respect to individual growth trends, prospects, and contributions to the total market
• To provide detailed information related to the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze macro and micromarkets1 with respect to growth trends, prospects, and their contributions to the overall market
• To analyze industry trends, patents and innovations, and pricing data related to the Cloud Professional Services market.
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.
• To profile key players in the market and comprehensively analyze their market share/ranking and core-competencies2.
• To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships and collaborations in the market.

1. Micromarkets are defined as the further segments and subsegments of the market included in the report.
2. Core-competencies of the companies are captured in terms of their key developments and key strategies adopted by them to sustain their position in the market.

Customization Options

Along with the market data, MarketsandMarkets offers customizations as per the company-specific needs. The following customization options are available for the report:

Geographic Analysis

• Further breakup of the North American market into countries contributing 75% to the regional market size
• Further breakup of the European market into countries contributing 75% to the regional market size
• Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
• Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size
• Further breakup of the Latin American market into countries contributing 75% to the regional market size

Company Information

• Detailed analysis and profiling of additional market players (up to 5)