The current situation has led organizations to accelerate their digital transformation processes. This has had a positive impact on the cloud services market. According to IDC's latest report on "Multicloud Solutions for Digital Transformation", in 2022 40% of core IT spending will be cloud-related, a figure that is expected to rise to 80% by 2028. In Spain, it is estimated that the Cloud market will grow by around 20% per year over the next few years.
Tackling a successful application or infrastructure migration process to the cloud can be confusing and complicated and companies often underestimate the complexity of the tasks ahead. The cloud services market is in a golden moment of growth and expansion with the continuous release of new services and functionality. While this growing offering presents exciting and almost limitless opportunities for customers to gain agility, flexibility and innovation for their businesses, it also presents an effervescent landscape that is sometimes difficult to digest and can be easy to get lost in. In this sense, professional cloud services emerge as a way to support organizations to initiate, develop and complete their migration to the cloud in the fastest and most reliable way. Cloud professional services companies address each customer's cloud journey through an effective three-phase services approach:
Organizations using professional cloud services ensure that they are taking full advantage of the cloud, such as paying only for the resources they use, rather than buying, scheduling and maintaining additional resources and equipment that remain idle for long periods of time, which translates into cost savings. This is an advantage for small and medium-sized companies, which are increasingly turning to cloud services. Oracle predicts that 80% of enterprise business functions will move to the Cloud by 2025.
In this way, the Cloud professional services market is positioning itself as one of the major players in the digital landscape. We are not only talking about companies that provide an analysis of the Cloud solutions needed by companies, but we are also talking about professionals who accompany organizations throughout their journey to the Cloud, so their role in the digital transformation of the Spanish business fabric will be vital.
We are facing a new business framework of digital innovation, with a new consultant profile, in this case, in Cloud professional services, who will work as part of the organization's team and throughout the entire life cycle of the Cloud solution.
It should not be forgotten that there are many strategic approaches and deployment types when it comes to approaching the cloud. In fact, it could be said that one cloud model does not fit all. Professional services consultants work hand in hand with customers to create the cloud architecture best suited and optimized to their situation and needs. Based on each client's strategic objectives, consultants develop dedicated plans aligned with those objectives and including future-proof DNA, ensuring flexibility to grow. For all these reasons, the demand for Cloud professional services is forecast to grow by 17.2% during the 2020-2025 period.
Guiding employees and end users on the journey is critical, but more importantly, making them feel part of the process and ultimately part of the benefits offered by new cloud tools and platforms.