Cloud Professional Services Market To Reach Usd 34.41 Bln By 2019, States Marketsandmarkets In Its Report Available At Marketpublishers.com

TD The Market Publishers Ltd

http://marketpublishers.com/ London, UK (PRWEB) December 02, 2014 To date, consumers are becoming increasingly aware of the advantages of utilising cloud-based solutions and professional services. Numerous SMBs and also the large-scale enterprises across a wide spectrum of verticals like IT and telecommunication, health care, public and others are prone to adopting cloud services. The major concern in the cloud solutions and services market pertains to the security of customer privacy and data protection. Conforming to the customers major concern, cloud-based solution vendors and service providers assist them by providing finest quality network and storage security services.Worldwide, the cloud professional services market is forecast to grow from USD 10.33 billion in 2014 to a value of USD 34.41 billion by 2019, recording a CAGR of just over 27%. Geography-wise, the North American region will likely be the largest market in terms of revenue contribution, whilst the MEA region, Latin America and APAC will likely demonstrate high CAGRs over the forecast period. The most prominent vendors offer a wide range of related services catering to manifold verticals like banking and financial services, public sector and utilities, insurance, transportation, health care, IT and telecom, education, retailing, and manufacturing, among others. SAP AG, Cisco Systems, Inc., Oracle, IBM Corporation, and HP are some of the leading players in the worldwide market for cloud professional services.
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