Press release content from Business Wire. The AP news staff was not involved in its creation. The Worldwide Professional Services Industry is Expected to Reach $37 Billion by 2026 at a CAGR of 17.2% from 2020 - ResearchAndMarkets.com April 9, 2021 GMT DUBLIN--(BUSINESS WIRE)--Apr 9, 2021-- ADVERTISEMENT The global cloud professional services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period, to reach USD 37.0 billion by 2026 from USD 14.2 billion in 2020. Most organizations are increasingly adopting cloud-based models by distributing their computing resources across several environments. Cloud adoption gaining popularity as it provides flexibility, scalability, and low-cost benefits. It also helps organizations centrally analyze data generated from various locations and collect data from different assets, making it easy to gather and analyze data. Due to the transition to cloud, cloud providers are aggressively adding new products and services in their portfolio to have competitive advantage.