Market Research Future (MRFR)’s assessment report highlights that the global cloud engineering market is set to expand at a CAGR of 21% during the forecast period 2017 to 2023. According to the report, the global market’s valuation is expected to reach USD 13 Bn mark by the end of the review period. Cloud computing is penetrating across major industry verticals which are anticipated to dominate the growth pattern of the market in the years to come. The intensified demand for cloud computing has paved the way for the adoption of engineering applications in cloud technology for addressing issues of standardization, commercialization, etc.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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By Service Type, the global cloud engineering market has been segmented into training and education, cloud security, consulting, design, integration, migration, cloud storage, and others.
By deployment, the cloud engineering market has been segmented into private, and hybrid.
By end-users, the global cloud engineering market has been segmented into IT & telecommunications, BFSI, healthcare, energy & utilities, retail, government, and others.
By organization size, Covid 19 Cloud Engineering Market has been segmented into small, medium, and large.
By region, the global cloud engineering market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is anticipated to exhibit robust growth over the assessment period. The growth can primarily be ascribed to the developed IT infrastructure of the region that facilitates early implementation of the technologies. Also, the region is flocked by the global leaders of the cloud engineering market such as Rapidvalue Solutions Inc., Trianz, and Softcrylic LLC among others. The consolidation of these major market participants is expected to provide a competitive edge to the regional market. The report suggests that the market is forecasted to witness an influx of new participants and inflow of investments. This, again, has been prognosticated to lead the growth of the cloud engineering market across the projection period.
Some of the noted players of the global cloud engineering market profiled in this MRFR report are Trianz (US), GFT Technologies SE (Europe), Sogeti (Europe), Aricent Inc. (US), Rapidvalue Solutions Inc. (US), ITC Infotech India Ltd. (India), Engineering Ingegneria Informatica SpA (Europe), Calsoft Inc. (US), VVDN Technologies (India), Softcrylic LLC (US), Nitor Infotech (India), and Searce Inc. (US).
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