The $17 Billion Cloud Professional Services Market is Poised for Continued Double-digit Growth

Grazed from ITBusinessNet. Author: PR Announcement.

Technology Business Research Inc.s (TBR) Cloud Professional Services Customer Report shows demand for cloud professional services continues to escalate, with more than 74% of enterprise clients, compared to 59% in 2011, purchasing or considering purchasing cloud computing services engaged with a cloud professional services vendor for assistance. Recently, clients professional services demands shifted, with a need for assistance in system integration and implementation taking the lead. TBR surveyed 900 end users of cloud professional services across North America, Europe and Asia to map vendor opportunity and customer and competitor landscapes for the report, which is one of three customer-facing research initiatives in TBRs cloud customer portfolio.

As the only study in the cloud computing market looking specifically at professional services, the Cloud Professional Services Customer Report provides an array of insights for professional services firms in addressing the changing needs of current and prospective customers, said Senior Analyst Ramunas Svarcas…

With a growing number of customers investing in cloud services, the demand for cloud professional services is on the rise. TBR estimates cloud professional services revenue increased 50.4% to $17 billion in 2013 from $5 billion in 2010, and expects it will grow at a compound annual growth rate of 12% to $30 billion by 2018. Markets outside the U.S., such as APAC, are finding need for cloud professional services to make use of cloud technologies. Emerging markets require the assistance of cloud professional services to maximize the benefits of cloud technologies due to their inability to maintain cloud services on their own. The report indicates budgets for cloud professional services are highest in APAC, said Analyst Cassandra Mooshian.

TBRs Cloud Professional Services Customer Report offers vendors a critical view into the opportunities in the cloud professional services market by looking at the field through a business-centric lens and offering the view of the customer. The report provides a unique look into the market of cloud professional services, analyzing the growing cloud landscape for customers and vendors.

Additional reports on cloud services include Private Cloud Customer Report and Hybrid Cloud Customer Report.

For more information about the Cloud Professional Services Customer Report or to purchase the report, please contact Alison Crawford, senior marketing manager, at 603.758.1838 or alison.crawford(at)tbri(dot)com. Or contact James McIlroy, vice president of sales, at 603.758.1813 or mcilroy(at)tbri(dot)com.

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