Cloud Engineering Market Synopsis

Cloud Engineering Market Size is Valued at USD 371.17 Billion in 2023, and is Projected to Reach USD 1216.58 Billion by 2032, Growing at a CAGR of 14.10% From 2024-2032.

The Cloud Engineering Market means a market segment that deals with tasks on creating, implementing, and supporting cloud-based systems and solutions. This includes consulting, design, integration, migration and support services for different deployment models that may include public, private and even hybrid models of cloud. The customers of this market are organizations of all sizes from various industries who need solutions to enhance the effectiveness of clouds for improving the scalability, flexibility, and cost of IT infrastructures.

• Cloud engineering market has a great demand because of the constant growth of cloud services usage in the industries. This is because through cloud computing, firms are able to save on their operating costs, enhance scalability and flexibility, and also increase their efficiency. This is also driven by the pull for faster innovation and digitalization since the cloud puts organizations in a position to be able to create and launch new applications and services to the market swiftly.
• Also, the increase of distributed work and the demand for operating and sharing data from any location have also boosted the use of cloud services. A number of firms are spending on cloud engineering to facilitate effortless business continuity, protect information, and implement work from home. Furthermore, the increasing popularity of hybrid and multi-cloud solutions will also catalyze the development of the cloud engineering market, as organizations strive to achieve efficient cloud resource utilization and gain access to the benefits of multiple cloud solutions.

Cloud Engineering Market Trend Analysis

Innovative Trends Propelling Cloud Engineering Advancements

• The Cloud Engineering market is in its growth stage which is being propelled by the rising use of cloud technologies. A significant trend is the increasing requirement for cloud-native, which are solutions built for cloud infrastructure from the ground up. The reason behind this trend is the fact that the majority of companies need to update their IT solutions and applications to fit the modern world.
• Another trend is multi-cloud and hybrid cloud solutions that also seem to be gaining popularity among organizations. It is imperative for firms to adopt the multi-cloud strategy to reduce dependence on single cloud provider, enhance business continuity, and manage costs effectively. This trend is pushing organisations to seek engineering of cloud environments that they can control and interconnect efficiently. In summary, the Cloud Engineering market will likely sustain its growth trend as companies expand their adoption of cloud technology to achieve various business objectives.

Mastering the Cloud, Strategies for Success in Cloud Engineering

• There remains great potential in Cloud Engineering market generated by the rising trend in cloud services in businesses. Companies are seeking ways to improve productivity, flexibility, and affordability of their business processes through cloud solutions. As more firms adopt new-age digital solutions, their computational requirements are also shifting to the cloud, thereby propelling the growth of cloud engineering solutions. Furthermore, the increasing trend of hybrid and multi-cloud as the new normal instead of a single cloud platform is presenting opportunities for the cloud engineering providers to develop and provide solutions for interconnection and orchestration of multiple clouds.
• Another emerging opportunity is the need for innovation through cloud-native development and DevOps culture. While organizations are evolving their application and support structures, there is an increasing trend to develop and manage cloud-first applications. Thus, cloud engineering providers may increase their revenues through services like containerization, microservices architecture, and automation tools. Also, the increased use of IoT devices and data-intensive applications leads to the necessity to have a reliable cloud infrastructure, and, therefore, cloud engineering services are becoming more popular.

Cloud Engineering Market Segment Analysis:

Cloud Engineering Market Segmented on the basis of service type, Deployment, and vertical.

By Service Type, Consulting and Design segment is expected to dominate the market during the forecast period

• Cloud Engineering services for the market is wide and it caters for various needs of the business. Some of the most common services provided by cloud computing firms include consulting services so that firms may be advised on how to adopt cloud computing strategies, designing services to enable firms to design how best to adopt cloud computing, storage services for efficient management of data and security services to ensure that sensitive data is well secured. There is also training and education to improve the workforce skills, integration and migration to help organizations transition to cloud solutions conveniently, and support and maintenance services for the well-functioning of cloud computing environments. The above services in unison give the companies the opportunity to harness the cloud technology for increased effectiveness, elasticity, and creativity.

By Deployment Model, Private Cloud segment held the largest share in 2024

• The market for Cloud Engineering is available for different deployment models, such as public cloud, private cloud, and hybrid cloud. The public cloud suits businesses that experience fluctuations in their needs as it is cheap and can be easily scaled up or down. Private cloud, however, offers better security and flexibility for the organization’s needs, especially for organizations with high regulatory compliance standards.
• The characteristics of hybrid cloud are the combination of both private and public clouds, where businesses can gain the flexibility of the public cloud while storing their core data internally. There are distinct benefits related to each of the deployment models, and both cloud engineering services are designed to meet the needs of organizations that operate in these environments.

Cloud Engineering Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North American cloud engineering market can be defined as a competitive and actively growing market that is influenced by the technological development of the region and its high level of cloud services implementation. The region is also exhibiting great uptake of cloud engineering solutions due to the presence of important market players and an established market of CSPs. especially the USA due to the demands from the enterprises who have incorporated many technologies in their operations and have been early adopters of cloud technologies.
• The market in North America for cloud engineering comprises of a wide variety of services which include consulting and designing services, cloud storage, cloud security services, integration services and others. It is definitely a very competitive one and the leading players continue to strive to develop new strategies and products. These aspects include the growing market demand for digital transformation, the high numbers of IoT connections, and the necessity for elastic, flexible IT infrastructures that are propelling cloud engineering solutions in the region. Given the developments of cloud engineering as organizations aim to improve their performance and get more value from the digital world, the North American market has more potential for further growth and development.

Active Key Players in the Cloud Engineering Market

• GFT Technologies SE (Europe)
• Engineering Ingegneria Informatica SpA (Europe)
• ITC Infotech India Ltd. (India)
• Calsoft Inc. (US)
• Aricent Inc. (US)
• Rapidvalue Solutions Inc. (US)
• Nitor Infotech (India)
• VVDN Technologies (India)
• Softcrylic LLC (US)
• Searce Inc. (US)
• Trianz (US)
• Sogeti (Europe)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Cloud Engineering Market by Service Type
 4.1 Cloud Engineering Market Snapshot and Growth Engine
 4.2 Cloud Engineering Market Overview
 4.3 Consulting and Design
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Consulting and Design: Geographic Segmentation Analysis
 4.4 Cloud Storage
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Cloud Storage: Geographic Segmentation Analysis
 4.5 Cloud Security
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Cloud Security: Geographic Segmentation Analysis
 4.6 Training and Education
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Training and Education: Geographic Segmentation Analysis
 4.7 Integration and Migration
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Integration and Migration: Geographic Segmentation Analysis
 4.8 Support and Maintenance
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Support and Maintenance: Geographic Segmentation Analysis

Chapter 5: Cloud Engineering Market by Deployment mode
 5.1 Cloud Engineering Market Snapshot and Growth Engine
 5.2 Cloud Engineering Market Overview
 5.3 Public Cloud
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Public Cloud: Geographic Segmentation Analysis
 5.4 Private Cloud
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Private Cloud: Geographic Segmentation Analysis
 5.5 Hybrid Cloud
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Hybrid Cloud: Geographic Segmentation Analysis

Chapter 6: Cloud Engineering Market by Vertical
 6.1 Cloud Engineering Market Snapshot and Growth Engine
 6.2 Cloud Engineering Market Overview
 6.3 Banking
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Banking: Geographic Segmentation Analysis
 6.4 Financial Services
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Financial Services: Geographic Segmentation Analysis
 6.5 and Insurance (BFSI)
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 and Insurance (BFSI): Geographic Segmentation Analysis
 6.6 IT and Telecommunications
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 IT and Telecommunications: Geographic Segmentation Analysis
 6.7 Government and Public Sector
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Government and Public Sector: Geographic Segmentation Analysis
 6.8 Healthcare and Life Sciences
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Healthcare and Life Sciences: Geographic Segmentation Analysis
 6.9 Retail and Consumer Goods
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Retail and Consumer Goods: Geographic Segmentation Analysis
 6.10 Manufacturing
  6.10.1 Introduction and Market Overview
  6.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.10.3 Key Market Trends, Growth Factors and Opportunities
  6.10.4 Manufacturing: Geographic Segmentation Analysis
 6.11 Others
  6.11.1 Introduction and Market Overview
  6.11.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.11.3 Key Market Trends, Growth Factors and Opportunities
  6.11.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Cloud Engineering Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 GFT TECHNOLOGIES SE (EUROPE)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 ENGINEERING INGEGNERIA INFORMATICA SPA (EUROPE)
 7.4 ITC INFOTECH INDIA LTD. (INDIA)
 7.5 CALSOFT INC. (US)
 7.6 ARICENT INC. (US)
 7.7 RAPIDVALUE SOLUTIONS INC. (US)
 7.8 NITOR INFOTECH (INDIA)
 7.9 VVDN TECHNOLOGIES (INDIA)
 7.10 SOFTCRYLIC LLC (US)
 7.11 SEARCE INC. (US)
 7.12 TRIANZ (US)
 7.13 SOGETI (EUROPE)
 7.14 OTHER MAJOR PLAYERS

Chapter 8: Global Cloud Engineering Market By Region
 8.1 Overview
 8.2. North America Cloud Engineering Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Service Type
   8.2.4.1 Consulting and Design
   8.2.4.2 Cloud Storage
   8.2.4.3 Cloud Security
   8.2.4.4 Training and Education
   8.2.4.5 Integration and Migration
   8.2.4.6 Support and Maintenance
  8.2.5 Historic and Forecasted Market Size By Deployment mode
   8.2.5.1 Public Cloud
   8.2.5.2 Private Cloud
   8.2.5.3 Hybrid Cloud
  8.2.6 Historic and Forecasted Market Size By Vertical
   8.2.6.1 Banking
   8.2.6.2 Financial Services
   8.2.6.3 and Insurance (BFSI)
   8.2.6.4 IT and Telecommunications
   8.2.6.5 Government and Public Sector
   8.2.6.6 Healthcare and Life Sciences
   8.2.6.7 Retail and Consumer Goods
   8.2.6.8 Manufacturing
   8.2.6.9 Others
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Cloud Engineering Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Service Type
   8.3.4.1 Consulting and Design
   8.3.4.2 Cloud Storage
   8.3.4.3 Cloud Security
   8.3.4.4 Training and Education
   8.3.4.5 Integration and Migration
   8.3.4.6 Support and Maintenance
  8.3.5 Historic and Forecasted Market Size By Deployment mode
   8.3.5.1 Public Cloud
   8.3.5.2 Private Cloud
   8.3.5.3 Hybrid Cloud
  8.3.6 Historic and Forecasted Market Size By Vertical
   8.3.6.1 Banking
   8.3.6.2 Financial Services
   8.3.6.3 and Insurance (BFSI)
   8.3.6.4 IT and Telecommunications
   8.3.6.5 Government and Public Sector
   8.3.6.6 Healthcare and Life Sciences
   8.3.6.7 Retail and Consumer Goods
   8.3.6.8 Manufacturing
   8.3.6.9 Others
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Cloud Engineering Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Service Type
   8.4.4.1 Consulting and Design
   8.4.4.2 Cloud Storage
   8.4.4.3 Cloud Security
   8.4.4.4 Training and Education
   8.4.4.5 Integration and Migration
   8.4.4.6 Support and Maintenance
  8.4.5 Historic and Forecasted Market Size By Deployment mode
   8.4.5.1 Public Cloud
   8.4.5.2 Private Cloud
   8.4.5.3 Hybrid Cloud
  8.4.6 Historic and Forecasted Market Size By Vertical
   8.4.6.1 Banking
   8.4.6.2 Financial Services
   8.4.6.3 and Insurance (BFSI)
   8.4.6.4 IT and Telecommunications
   8.4.6.5 Government and Public Sector
   8.4.6.6 Healthcare and Life Sciences
   8.4.6.7 Retail and Consumer Goods
   8.4.6.8 Manufacturing
   8.4.6.9 Others
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Cloud Engineering Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Service Type
   8.5.4.1 Consulting and Design
   8.5.4.2 Cloud Storage
   8.5.4.3 Cloud Security
   8.5.4.4 Training and Education
   8.5.4.5 Integration and Migration
   8.5.4.6 Support and Maintenance
  8.5.5 Historic and Forecasted Market Size By Deployment mode
   8.5.5.1 Public Cloud
   8.5.5.2 Private Cloud
   8.5.5.3 Hybrid Cloud
  8.5.6 Historic and Forecasted Market Size By Vertical
   8.5.6.1 Banking
   8.5.6.2 Financial Services
   8.5.6.3 and Insurance (BFSI)
   8.5.6.4 IT and Telecommunications
   8.5.6.5 Government and Public Sector
   8.5.6.6 Healthcare and Life Sciences
   8.5.6.7 Retail and Consumer Goods
   8.5.6.8 Manufacturing
   8.5.6.9 Others
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Cloud Engineering Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Service Type
   8.6.4.1 Consulting and Design
   8.6.4.2 Cloud Storage
   8.6.4.3 Cloud Security
   8.6.4.4 Training and Education
   8.6.4.5 Integration and Migration
   8.6.4.6 Support and Maintenance
  8.6.5 Historic and Forecasted Market Size By Deployment mode
   8.6.5.1 Public Cloud
   8.6.5.2 Private Cloud
   8.6.5.3 Hybrid Cloud
  8.6.6 Historic and Forecasted Market Size By Vertical
   8.6.6.1 Banking
   8.6.6.2 Financial Services
   8.6.6.3 and Insurance (BFSI)
   8.6.6.4 IT and Telecommunications
   8.6.6.5 Government and Public Sector
   8.6.6.6 Healthcare and Life Sciences
   8.6.6.7 Retail and Consumer Goods
   8.6.6.8 Manufacturing
   8.6.6.9 Others
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Cloud Engineering Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Service Type
   8.7.4.1 Consulting and Design
   8.7.4.2 Cloud Storage
   8.7.4.3 Cloud Security
   8.7.4.4 Training and Education
   8.7.4.5 Integration and Migration
   8.7.4.6 Support and Maintenance
  8.7.5 Historic and Forecasted Market Size By Deployment mode
   8.7.5.1 Public Cloud
   8.7.5.2 Private Cloud
   8.7.5.3 Hybrid Cloud
  8.7.6 Historic and Forecasted Market Size By Vertical
   8.7.6.1 Banking
   8.7.6.2 Financial Services
   8.7.6.3 and Insurance (BFSI)
   8.7.6.4 IT and Telecommunications
   8.7.6.5 Government and Public Sector
   8.7.6.6 Healthcare and Life Sciences
   8.7.6.7 Retail and Consumer Goods
   8.7.6.8 Manufacturing
   8.7.6.9 Others
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research