Cloud managed private and professional services revenue projected to grow to $66 billion by 2018

SOURCE: TBR

HAMPTON, N.H. (Oct. 21, 2013) — Technology Business Research Inc.’s latest cloud portfolio report, the Managed Private and Professional Services Cloud Benchmark, provides a detailed analysis of both growth and revenue leaders and scenario analysis of cloud vendors providing managed private cloud services (dynamic applications, Platform as a Service, Infrastructure as a Service and Business Platform as a Service) and cloud professional services (cloud consulting, cloud systems integration and cloud ADM). This cutting-edge report delivers a comprehensive, granular view of the vendors competing in the cloud services space and provides insight into the dynamics of a market that grew 38% year-to-year in the first quarter of 2013.

“The market for cloud services and cloud professional services is still in its infancy, but is expected to double by 2018, and the vendors providing cloud professional services are moving fast to develop resources, products and services to serve the growing demand,” said Ramunas Svarcas, a senior analyst and lead researcher on the Managed Private and Professional Services Cloud Benchmark. “This benchmark examines the current front-runners in the market, how well are they doing and what they are focusing on. Our research shows that while the overall services market has seen marginal growth over the last year, the bright spot for services is cloud professional services, which grew more than 30% year-to-year.”

This report identifies the trends driving growth, such as consulting, the evolution of industry-specific, vertical-focused solutions and application development services, and delves into the growth generated from and the strategy behind vendors forging additional alliances and partnerships and leveraging unique cloud IP and assets to expand addressable markets.

The content in the 1Q13 Managed Private and Professional Services Cloud Benchmark will be discussed during two upcoming webinars. Svarcas will host the first, Managed Cloud Services Are the New Normal — How the Transition of Applications and Services to the Cloud Is Shaping IT Services, on Oct. 24, 2013 at 2 p.m. EST, focusing on high-level managed cloud services findings in the report. The second webinar, Why Are Large IT Services Vendors Taking Two Steps Forward and One Back? How Cloud-related Services Are Taking Over, will occur on Nov. 7, 2013, at 2 p.m. EST and focus on the professional cloud services content in the report. Register now for either of these events.

For more information about the Managed Private and Professional Services Cloud Benchmark or to purchase the report, please contact Alison Crawford, senior marketing manager, at 603.758.1838 or alison.crawford@tbri.com, or James McIlroy, vice president of sales, at 603.758.1813 or mciloy@tbri.com.

ABOUT TBR

Technology Business Research, Inc. is a leading independent technology market research and consulting firm specializing in the business and financial analyses of hardware, software, professional services, telecom and enterprise network vendors, and operators. Serving a global clientele, TBR provides timely and accurate market research and business intelligence in a format that is uniquely tailored to clients’ needs. TBR analysts are available to further address client-specific issues or information needs on an inquiry or proprietary consulting basis.

TBR has been empowering corporate decision makers since 1996. For more information please visit www.tbri.com.