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Cloud Professional Services Market Growing at 23% CAGR to 2019

DALLAS, May 29, 2015 /PRNewswire/ --

Global Cloud Professional Services Market 2015-2019 research report says companies are moving towards a model that requires cloud services that cater to specific industry needs, while vendors are witnessing the trend of personalized and customized services for different verticals.

Complete report on cloud professional services market spread across 72 pages, providing analysis of 5 major companies and supported with 26 exhibits is now available at .

According to this new research, cloud professional services market has seen huge demand for customized and personalized services for the insurance, telecom, banking, utilities, and HR verticals. Mobile devices add to the market trends of the industry. This report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types of cloud professional services, including system integration, and application development management and consulting. Additionally, analysts have segmented cloud professional services market projections by key geographies including the Americas, EMEA and the APAC region.

Complexities associated with cloud environment and need for enhancing business productivity are the major cloud professional services market growth drivers discussed in this research. The major market challenges mentioned in this report cover security issues and lack of coherence among stakeholders. 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.

Companies mentioned in this research include 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 and Wipro. Order a copy of Global Cloud Professional Services Market 2015-2019 report at .

This cloud services market report helps answer questions like what will the market size be in 2018 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the cloud professional services market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

On the same topic, another research titled Cloud Professional Services Market  by Service Type (Consulting, Integration, Deployment & Support), by Service Model (SaaS, PaaS, IaaS), and by Deployment Model (Public, Private, Others (Hybrid & Community)) - Global Forecast to 2019 says cloud professional services currently offered by numerous vendors such as IBM, HP, Cisco, SAP, Accenture and others envelop the whole private, public and hybrid cloud spectrum. These vendors deliver high end services spanning through the strategic planning and assessment of storage and management of the consumer's data in the cloud to the cloud based application designing, development services as well as the cloud based implementation, migration, system integration, and data management and optimization services.

Today the prime concern in the cloud solutions and services market is regarding the security of data and customer privacy. Catering to this major concern of the customers, cloud based solution vendors as well as the service providers assist them with superior quality network and storage security services. The cloud services vendors also deliver high end data backup, data recovery and restoration services in case of an inevitable technical disaster. Companies profiled in this cloud professional services market research include Accenture, Atos SE, Capgemini S.A., Cisco Systems, Inc., Fujitsu, Hewlett-Packard Company, IBM, NTT Data Corporation (NTT Group), Oracle Corporation and SAP AG. Order a copy of this report at .

On the overall cloud services market, also offers Kable's Market Opportunity Forecasts to 2018: Cloud Services report that provides revenue opportunity forecasts in the Cloud Services market from 2014 to 2018, spanning three services segments, 37 geographical markets, 6 regions, 14 verticals and two size bands. This research forecasts the global Cloud Services market to grow at a CAGR of 31.3% from 2014 to 2018. The Communications and IT industry is expected to witness the fastest growth in Cloud Services spending, with this market growing at a CAGR of 39.3% from 2014 to 2018. SaaS which currently constitutes the largest proportion (70%) of the overall Cloud Services market is forecasted to reach $56.3 billion by 2018. Large Enterprises' spend on Cloud Services is forecasted to reach $49.7 billion by 2018. The extended scope of the report covers cloud services such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS); major regions covering North America, Central and Latin America, Western Europe, Central and Eastern Europe, Middle East and Africa, and Asia Pacific; vertical markets covering Communications and IT, Education, Energy, Financial Markets, Government, Healthcare, Insurance, Manufacturing, Media, Pharmaceuticals, Retail, Retail Banking, Utilities, and Other as well as size bands covering Small and Medium Sized and Large enterprises. Read more at .

Explore more reports on the IT & Telecommunications market at .

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