Market Scope —
Online activities are growing, which is rising the need for adoption of cloud migration services to achieve better data security and overcome the limitation of lack of physical space. Market Research Future (MRFR) asserts that the advantages offered by cloud migration services are making them desirable across different industries, which is expected to be the major driver for its global market to expand. As per MRFR, in its fresh report on the global cloud migration services market, states that between 2017 and 2023, the market is anticipated to strike a CAGR of approximately 22% and is likely to value at about USD 8 billion by 2023. Cloud migration services aids in setting up a framework that helps to achieve higher proficiency in work in minimal time and help attain greater scalability of data. These are major factors that are expected to impel its global market. Disaster recovery and greater feasibility in accessing data using cloud technology are other merits that are likely to propel the market growth. Digitalization encouraging SMEs to access cloud-based software and applications is noted to be the key trend of the market.
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The cloud migration services market is segmented based on type of service, application, organization size, deployment, and end-use industry.
By type of service, the cloud migration services market has been divided into professional services and managed services. The professional services segment is sub-segmented into support & maintenance, automation & integration, training & consulting, disaster recovery, and others.
By deployment type, the cloud migration services market has been segmented into private, public, and hybrid.
By organization size, the cloud migration services market has been segmented into SMEs and large enterprises. SMEs are observed to extensively deploy cloud migration services. As a result of fourth industrial revolution, an increase in the number of SMEs have been noted, which, in turn, is expected to surge the global market.
By application, the cloud migration services market has been segmented into security and compliance management, infrastructure management, project management, workforce management, and others.
By end-use industries, the cloud migration services market has been segmented into government sector, manufacturing, IT & telecommunication, and others.
Europe, North America, Asia Pacific, and the Rest of the World (RoW) are areas where the global Cloud Migration Service Market has been studied under the regional analysis.
North America is likely to secure the leading position in the global cloud migration service market. Numerous tech-giants that are residing in the region and their willingness to integrate deep learning, artificial intelligence, and machine learning in their infrastructure is making cloud migration services desirable. In addition, the existence of highly advanced IT & telecom sector is likely to boost the regional market growth. After North America, the Europe market is likely to gain a strong foothold globally. The presence of robust cloud-based networking in Europe is identified as the main factor that can boost the regional market growth. The growing corporate space in the Asia Pacific region is demanding for effective technical solutions to streamline their process and elevate their performance. This is expected to assist the APAC cloud migration services market to gain momentum over the coming years.
Amazon Web Services Inc. (U.S.), Tech Mahindra (India), Microsoft Corporation (U.S.), Dell (U.S.), HCL Technologies (India), IBM Corporation (U.S.), Wipro Ltd. (India), Accenture PLC (Republic of Ireland), Vmware, Inc. (U.S.), NTT DATA, Inc. (Japan), and others.
Oracle, an America-based computer software developer, and Deloitte, an international professional service provider, joined to launch ‘Elevate’, a cloud migration partnership. This enables customers to upgrade their data on Oracle’s cloud.
LIST OF TABLES
Table 1 Global Cloud Migration Services Market: By Region, 2017-2023
Table 2 North America Cloud Migration Services Market: By Country, 2017-2023
Table 3 Europe Cloud Migration Services Market: By Country, 2017-2023
Table 4 Asia Pacific Cloud Migration Services Market: By Country, 2017-2023
Table 5 Middle East & Africa Cloud Migration Services Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Cloud Migration Services Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Cloud Migration Services Market
FIGURE 4 Value Chain Of Global Cloud Migration Services Market
FIGURE 5 Share Of Global Cloud Migration Services Market In 2017, By Country (In %)
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