Cloud professional services revenue grows by double digits as pandemic increases demand for cloud migration

Cloud professional services market summary Market overview In the most recent iteration of TBR’s Cloud Professional Services Market Forecast, we projected the market would grow at an 11.7% CAGR between 2019 and 2024 as vendors balance the effects of COVID-19 with rapid growth in digital transformation. Opportunity for benchmarked vendors comes from the large number […]

Rising cloud adoption and associated complexities present opportunities across service lines

Changes in general purchasing habits brought on by the COVID-19 pandemic have proved disruptive for many professional services vendors; however, the market is expected to rebound quickly as customers replace legacy IT systems with cloud solutions. As a result, managed cloud services is expected to be the fastest-growing subsegment of the cloud professional services market, […]

Cloud vendors go deep with industry solutions

Google Cloud and SAP are flagship examples of vendors building vertically oriented strategies with the introduction of industry cloud solutions Over the last year, as more organizations accelerated the migration to the cloud, it has become evident that a horizontal cloud does not always meet the specific needs of certain industries, especially highly regulated ones […]

Enterprise edge compute opportunity expands in COVID-19 economy as use cases emerge in areas such as societal health and safety

While the overall IT infrastructure market is challenged by shifting spending habits due to COVID-19, the lifestyle changes necessitated by the virus have shifted workloads and customers closer to the edge, creating significant opportunity in the enterprise edge compute market. However, because this is a lone bright spot in an otherwise uncertain landscape, competition is […]

Niche enterprise edge vendors disrupt the enterprise edge compute market

New and reformatted use cases have emerged at the edge that help companies meet safety requirements and allow employees to return to the physical workplace. Longer-term solutions that will help dictate how we live in the new normal will rely more heavily on edge technology, further increasing desire for the already high-demand enterprise edge compute […]

As COVID-19 inspires greater cloud usage, customers seek security and customization benefits in hosted private cloud options

Market overview Infrastructure services hosted as single-tenancy offerings remain desirable to customers that are looking to bridge the gap between utilizing public clouds and building their own private clouds on premises. The global COVID-19 outbreak weighed heavily on many IT vendors’ business models during the quarter; however, the hosted private cloud space was less susceptible […]