Cloud Migration Services Market Research Report

Cloud Migration Services Market

Cloud Migration Services Market is predicted to witness a faster CAGR over the forecast period (2020-2027), owing to the accelerating penetration of advanced technologies such as IoT and artificial intelligence.

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The growing need for business automation and agility has raised the adoption of cloud migration services by BFSI, IT and telecom, healthcare, retail, and manufacturing, which is one of the major factors fueling the cloud migration services market growth. Also, other factors such as advent of latest technologies, growing volume and data complexities, and the rising use of mobile devices will bolster the cloud migration services market size.

However, with the sudden outburst of COVID-19 crisis, the strict lockdown norms encouraged the adoption of work from home and bring your own device by businesses. Organizations have migrated their workload to cloud environment which enhances resource usage, decrease IT expenses, and offer remote access to the on-premise data. However, the growing concerns pertaining data privacy and security will restrain the global cloud migration services market growth.

By deployment type, the public cloud segment is anticipated to witness a faster CAGR over the forecast period. Growing adoption of public cloud computing environment attributed to its easy setup, flexible pricing structure, remote deployment, and maintenance offered by the cloud provider.

By enterprise size, small and medium enterprises segment is expected to expand at a higher CAGR over the forecast period owing to the accelerating number of SMEs and the adoption of pay-as-you-go model in cloud computing market.

By region, North America is likely to lead the market over the forecast period, due to the presence of several enterprises with sophisticated IT infrastructure, and expansion across BFSI and healthcare sectors in the region.

Key players operating in the market include Amazon Com, Inc., Cisco Systems, Inc., Accenture Plc, Microsoft Corporation, International Business Machines Corporation, Alphabet, Inc., RiverMeadow Software, Inc., Rackspace Technology, Inc., Vmware, Inc., and NTT Data Corporation, among others.

Key Developments:

In 2020, Cisco Systems, Inc. partnered with Google Cloud around network connectivity to cloud-based applications. This partnership helped Cisco incorporate its software-defined wide area network (SD-WAN) with Google Cloud’s global network and Anthos. This will provide full WAN application integration with cloud workloads.

Cloud Migration Services Market Segmentation:

Cloud Migration Services Market by Deployment Type

·        Public Cloud

·        Private Cloud

·        Hybrid Cloud

Cloud Migration Services Market by Enterprise Size

·        Small and Medium Enterprises (SMEs)

·        Large Enterprises

Cloud Migration Market by Service Type

·        PaaS

·        IaaS

·        SaaS

Cloud Migration Market by End-User

·        BFSI

·        Healthcare

·        Retail

·        Government

·        IT and Telecommunication

·        Manufacturing

·        Others

Cloud Migration Services Market by Region:

·        Asia Pacific

o  China

o  Japan

o  India

o  Rest of APAC

·        North America

o  United States of America

o  Canada

·        Europe

o  United Kingdom

o  Germany

o  France

o  Spain

o  Rest of Europe

·        RoW

o  Brazil

o  South Africa

o  Saudi Arabia

o  UAE

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