The $17 Billion Cloud Professional Services Market is Poised for Continued Double-digit Growth
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.
Hampton, NH (PRWEB) February 25, 2014
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 TBR’s 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.
TBR’s 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.
Technology Business Research, Inc. is a leading independent technology market research and consulting firm specializing in the business and financial analyses of hardware, software, professional services, telecom and enterprise network vendors, and operators. Serving a global clientele, TBR provides timely and accurate market research and business intelligence in a format that is uniquely tailored to clients’ needs. TBR analysts are available to further address client-specific issues or information needs on an inquiry or proprietary consulting basis.
TBR has been empowering corporate decision makers since 1996. For more information please visit http://www.tbri.com.
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