- Report ID: BMRC 1134 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Technology And Media | Delivery Timeline:
Cloud Migration Services Market is valued at USD 3.71 Billion in 2018 and expected to reach USD 16.71 Billion by 2025 with the CAGR of 23.96% over the forecast period.
Increasing investment in infrastructure migration to increase business process agility and automation, and rise in awareness about business continuity & ROI realization by cloud migration are some major factors drive the growth of the market.
Cloud migration service is a process of transitioning an enterprise data, infrastructure, applications, and many other business processes to the cloud. This is primarily done to bridge the gap between business demand and IT capacity. These services can also be used to migrate from one cloud platform or service to another. Cloud migration process identifies the areas of risk and mitigates them, also identifies opportunities to maximize performance and availability of critical business functions to lead future business growth of an organization. These services are widely adopted to ensure the ease and speed of cloud migration process and to increases availability of third-party tools and pre-defined templates designed for organization specific workloads. Migration from on-premise workloads to cloud infrastructure provide benefits such as cost reduction, optimized performance, scalability, and regulatory compliance. These services generally follow phased approach for cloud migration, which includes cloud assessment phase, proof of concept phase, data migration phase, application migration phase, leverage the cloud phase, and optimization phase. Hence, the global cloud migration services market is expected to show at a significant growth in the coming few years.
Global Cloud Migration Services market report is segmented on the basis of service type, deployment, enterprise size, application, industry vertical and by regional & country level. Based upon service type, cloud migration services market is classified into DevOps, disaster recovery, managed services, training and consulting, support and maintenance, automation and integration, application hosting and monitoring. Based upon deployment, the market is classified into public cloud, private cloud and hybrid cloud. Based upon enterprise size, the market is classified into large enterprises and small & medium enterprises (SMEs). Based upon application, cloud migration services market is classified into project management, infrastructure management, compliance and security management and others. Based upon industry vertical, the market is classified into manufacturing, energy & utilities, media & entertainment, retail, IT & telecommunications, healthcare & life sciences, banking, financial services & insurance (BFSI) and others.
The regions covered in this cloud migration services market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of cloud migration services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Cloud Migration Services market report covers prominent players like,
Global Cloud Migration Services Market Dynamics–
Over the past decade, cloud computing adoption has shown a tremendous growth owing to increasing investments from small and medium enterprises. Globally, many organizations already tapped into the power of the cloud to take advantage of the benefits. According to a study published by Century Link, a telecommunications company, globally, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020. Cloud migration is also gaining popularity for its real-time experience, business elements, and accessibility to the on-premise data. This technology also aids to set up and work on the basis of several units in minimal time. Furthermore, the migration of data is easy to store and access at a low cost, and it enhances its productivity or efficiency. According to Contegix LLC, in 2018, the average enterprise used a surprising 1,427 diverse cloud services, a threefold increase from that in 2013. However, legacy application compatibility issues and vendor lock-in are the major barriers for cloud computing adoption, which may hamper the market growth within the forecast period.
Global Cloud Migration Services Market Regional Analysis–
North America is dominating the cloud migration services market with the potential rate in terms of revenue for this market due to strong foothold of cloud migration vendors, which adds to the growth of the market. Some of them include IBM Corporation, Microsoft Corporation, SAS Institute Inc., Amazon Web Services Inc., Cisco Systems Inc., Cognizant Technology Solutions Corporation, and Google Inc., among others. For instance; in November 2018, IBM Corporation launched new services to help organizations accelerate the complex process of modernizing and migrating applications to cloud, and adopt the hybrid, multi-cloud strategy to speed up the business transformation.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to an increased demand for cloud computing among small and medium-sized enterprises (SMEs). The city-state boasts a prime position among its neighbors’ when it comes to cloud computing adoption. In India, at present, it does not have a mature ecosystem that supports cloud IaaS services. A few players from the service provider segment such as Tata Communications, Wipro and NetMagic have services that are likely to evolve into more stable cloud offerings.
Key Benefits for Global Cloud Migration Services Market Report–
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
By Service Type: DevOps, Disaster Recovery, Managed Services, Training and Consulting, Support and Maintenance, Automation and Integration, Application Hosting and Monitoring
By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
By Enterprise Size: Large Enterprises, Small & Medium Enterprises (SMEs)
By Application: Project Management, Infrastructure Management, Compliance and Security Management, Others
By Industry Vertical: Manufacturing, Energy & Utilities, Media & Entertainment, Retail, IT & Telecommunications, Healthcare & Life Sciences, Banking, Financial Services & Insurance (BFSI), Other
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Cloud Migration Services Market 2020 By Service Type: (DevOps, Disaster Recovery, Managed Services, Training and Consulting, Support and Maintenance, Automation and Integration, Application Hosting and Monitoring), By Deployment: (Public Cloud, Private Cloud, Hybrid Cloud), By Enterprise Size: (Large Enterprises , Small & Medium Enterprises (SMEs)), By Application: (Project Management , Infrastructure Management , Compliance and Security Management , Others), By Industry Vertical: (Manufacturing, Energy & Utilities, Media & Entertainment, Retail, IT & Telecommunications, Healthcare & Life Sciences, Banking, Financial Services & Insurance (BFSI), Other) Forecast to 2025