Cloud Professional Services Market Analysis

Cloud Professional Service Market Analysis

The cloud professional services market from SaaS segment held over USD 9 million revenue in 2022. Businesses are increasingly adopting SaaS solutions as a way to streamline operations, cut costs associated with IT infrastructure, and gain access to the newest features & updates. When integrated with SaaS, technologies including AI, ML, and advanced analytics offer improved functionalities, personalized user experiences, and better business insights.
 

The cloud professional services market size from public cloud professional service segment was reached USD 9.5 billion in 2022. A public cloud offers infrastructure and services to multiple organizations or individuals over a shared network. It is managed & operated by third-party cloud service providers that are responsible for maintenance, security, and scalability. Users can access resources, such as virtual machines, storage, and applications, on a pay-as-you-go basis. Organizations are adopting multi-cloud approaches, leveraging multiple public cloud service providers to optimize cost, performance, and resilience.
 

The North America cloud professional service market accounted for 30% of revenue share in 2022, due to the rising adoption of cutting-edge technologies. Businesses in North America are using cloud computing, AI, ML, and IoT to boost scalability, drive innovation, and gain a competitive advantage. The growing digitalization initiatives, expanding IT infrastructure, and the rising demand for cloud-native solutions across various industries are propelling the regional demand for cloud professional services.