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Jun 2017 - IDC MarketScape - Doc # US41907917

IDC MarketScape: Worldwide Industry Collaborative Cloud Professional Services 2017 Vendor Assessment

Authors: Eric Newmark, Erik Berggren
Abstract

This IDC study provides an assessment of where the industry collaborative cloud market is headed, how the major professional services firms servicing the space compare with each other, and what criteria are most important for companies to consider when selecting a service provider.

Eric Newmark, program vice president of IDC's Industry Cloud research, noted, "The industry collaborative cloud market is young, yet growing fast, with dozens of new industry collaborative clouds emerging each year across many industries, including financial services, healthcare, life sciences, manufacturing, retail, energy, and even government. Within these industries, more than 150 industry clouds have already been created, generating over $1 billion in revenue. While the market's tipping point is likely still a couple years away, IDC is expecting significant growth — predicting that, by 2020, revenue in this space will exceed $20 billion. IDC believes the industry cloud market represents one of the largest vertical growth opportunities for technology vendors and professional services firms through 2025, and the industry collaborative cloud segment will be an important piece of this quickly growing strategic market."

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