In a recent published report, Kenneth Research has updated the market report for Cloud Professional Services Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Professional Services Market products.
Kenneth Research, in its repository of market research reports, have recently added a report on Latin America Cloud Professional Services Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2025. The Latin America Cloud Professional Services Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
Kenneth Research has published a detailed report on Latin America Cloud Professional Services Market which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Latin America Cloud Professional Services Market was valued at USD 1155.96 million in 2017 and is projected to reach USD 7652.3 million by 2025, growing at a CAGR of 27.8% from 2018 to 2025
Cloud professional services are services based on data analytics and cloud computing platforms offered by the IT organizations to help cloud customers manage specific part of their cloud operations.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The cloud is rapidly evolving and organizations are in search of a partner who can facilitate them take the advantages of these advancements.
Overall professional services market is attracting high spending and the market is driven primarily by the industry’s continued migration to the cloud and subscription based models. Cloud software helps customers to utilize best-in-class functions and features with ease of use and access. Customers can also expect easier, faster, and less expensive implementation along with a steady stream of low cost (or no cost), and high value upgrades.
Expanding Cloud Computing Market and growing complexity in Cloud Environment is greatly impacting Cloud Professional Services Market in Latin America. Due to its developing statistics and ongoing cybersecurity management services these characteristics can act as potential drivers for the Latin America market whereas Data Security concerns and Low awareness among the population and high number of digital risks, the growth of local businesses in Latin America can be at a greater risk and behave as potent restraints for the overall Latin America Cloud Professional Services Market.
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The â€œLatin America Cloud Professional Services Marketâ€ study report will provide a valuable insight with an emphasis on the global market including some of the major players such Accenture, Deloitte, HCL Technologies Ltd., IBM, Cisco Systems, Inc, Hewlett Packard Company, Capgemini S.A, NTT Data Corporation, Wipro Ltd and Microsoft. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the â€œLatin America Cloud Professional Services Marketâ€ which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, and industry application.
On the basis of type, the Latin America Cloud Professional Services Market can be categorized into six primary sections; service type, service model, component, deployment mode, type and application. This market study analyses the Latin America Cloud Professional Services industry based on these divisions. The Latin America Cloud Professional Services type are divided into consulting, integration, deployment and support. The industry is then sectioned by application which involves education, government, banking, financial services and insurance, media and entertainment, IT and Telecom, consumer goods and retail, healthcare, energy and manufacturing. The industry is also divided into deployment mode which includes private and public as well as Hybrid, Community.
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