Europe Market for Professional Cloud Services - By Type of Service Model, Deployment, End User Industry and Vendors - Forecasts and Trends (2020 - 2025)

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Western Europe is on par with North America in terms of the implementation of Technology and utilizing cloud based platforms in their operations. The adoption is a slower in the rest of the regions, especially Southern and Eastern Europe. The rate of adoption is set to increase drastically due to the strategy of unleashing the potential of cloud computing being adopted by the EU. The strategy outlines actions to deliver a net gain of 2.5 million new European jobs, and an annual boost of ‚¬160 billion to the European Union GDP (around 1%), by 2020.   Professional cloud based services can adapt easily to the changing landscapes and provide solutions according to new requirements. The ability to easily configure applications to changing environments and build new ones at short notices make cloud based services very lucrative. These factors help the client organization to focus on their core competency which in turn reflects in their revenue growth. All the above factors have been major growth aspects for the Cloud professional services market on a global arena.   However, security concern of the client data is one of the major challenges faced by the Cloud Services market. The other challenge being the network and performance related issues faced by the client organizations has been a major bump in their business productivity and this has been a major challenge which needs to be rectified.The high cost of wide area networks as international lines cost significantly more than data links within a country caused by the original European structure of national carriers holding monopolies on the last mile is proving to be a barrier to cloud adoption as compared to the North American region. The complexity is further enhanced by the set of data privacy rules and legislation followed by each individual European country. Regulatory compliance however is starting to be more and more aligned, especially in the European Union making adoption easier.    The European Cloud professional services market is segmented into four major categories. The first being the type of service offered, which includes mainly consulting services, system and network integration, deployment and support services. The second segment constitutes the type of service model which includes Software as a Service (SaaS), Platform as a service (PaaS) and Infrastructure as a service (IaaS).The third segment comprises the type of delivery model being used which is public cloud or private cloud. The fourth segment comprises of the potential clients who mainly include BFSI, Healthcare, Entertainment, Gaming, Telecommunications, Government, Education, Energy, Retail and Consulting. The major players offering cloud professional services are Accenture, Capgemini, Cisco, Fujitsu, HP, IBM, NTT Data Corporation and SAP. Recent developments and their impact on the market are analysed.   What the report offers:   1) Market definition for Cloud Professional Services with information on drivers and restraints. 2) Market Analysis involving major markets, and usage of Cloud Professional Services in the industry. 3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale. 4) Extensively researched competitive landscape with profiles of major companies along with their market share. 5) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.   Reasons for buying this report:   1)We provide you the most comprehensive market segmentation. 2)Would be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade. 3)Wide-ranging information provided about the leading market players, major strategies adopted by them and new products launched by them.

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