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Global Cloud Migration Services Market – Segmentation Insights Research trend, Growth Business Competitive Research and Precise Outlook
Global Cloud Migration Services Market – Segmentation Insights Research trend, Growth Business Competitive Research and Precise Outlook
Market Scenario: The global Global Cloud Migration Services Market will touch USD 8 billion at a 22% CAGR in the forecast period 2017- 2023, as per the new Market Research Future (MRFR) analysis. The cloud migration service is a movement of applications, business processes, and infrastructure to the cloud. Various

Global Cloud Migration Services Market – Segmentation Insights Research trend, Growth Business Competitive Research and Precise Outlook

Market Scenario:

The global Global Cloud Migration Services Market will touch USD 8 billion at a 22% CAGR in the forecast period 2017- 2023, as per the new Market Research Future (MRFR) analysis. The cloud migration service is a movement of applications, business processes, and infrastructure to the cloud.

Various factors are fuelling the global cloud migration services market growth. As per the recent MRFR market estimates, such factors include the growing need for cloud services among IT and telecommunication industries, increasing penetration of machine learning and artificial intelligence, increasing use during COVID-19 pandemic, security, agility, flexibility, and lower costs, growing need for automation and business agility, and growing demand for cloud migration in business continuity. The additional factors adding market growth include ease in deployment of applications with pay-as-you-go model, need for lower OPEX and

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Segmentation:

The MRFR report throws light on an inclusive segmental analysis of the global cloud migration services market based on industries, applications, organization size, deployment, and services.

By services, the cloud migration services market is segmented into professional service & managed services. The professional services is again bifurcated into training and consulting, disaster recovery, support and maintenance, automation and integration, and others. Of these, automation and integration will lead the market over the forecast period.

By deployment, the cloud migration services market is segmented into hybrid, private, and public.

By organization size, the global cloud migration services market is segmented into large enterprises and SMEs.

By applications, the global cloud migration services market is segmented into project management, workforce management, security and compliance management, infrastructure management, and others. Of these, security and compliance will dominate the market over the forecast period.

By industries, the global cloud migration services market is segmented into manufacturing, IT and telecommunication, government, and others.

Competitive Outlook:

The notable players profiled in the cloud migration services market report include Amazon Web Services Inc. (U.S.), Vmware, Inc. (U.S.), NTT DATA, Inc. (Japan), Wipro Ltd. (India), Accenture PLC (Republic of Ireland), HCL Technologies (India), IBM Corporation (U.S.), Dell (U.S.), Tech Mahindra (India), and Microsoft Corporation (U.S.), among others.

The global cloud migration services market is highly fragmented and competitive in nature with the presence of several well-established domestic and international players. These industry players have used several strategies to stay ahead such as mergers and acquisitions, partnerships, collaborations, geographic expansions, and others. Further, they are also investing in research and development activities to cater to the burgeoning needs of the customers.

Regional Analysis:

By region, the cloud migration services market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Increasing adoption of AI, huge demand and penetration for cloud services including hybrid cloud, private, and public, reduction in operation costs, enhanced security to data when stored in the cloud, and increasing dependence on the cloud are adding to the global cloud migration services market growth in the region.

In Europe the global cloud migration services market is predicted to hold the second-largest share over the forecast period. Technological upgrades in cloud computing, advent of fifth-generation wireless technology, and high adoption of hybrid laaS, private laaS, and public laaS are adding to the global cloud migration services market growth in the region.

In the APAC region, the global cloud migration services market is predicted to grow at a fast pace over the forecast period. Increasing penetration of IT services, increased demand for cloud computing among SMEs, growing penetration of the internet, and rapid adoption of advanced technologies such as ML and AI are adding to the global cloud migration services market growth in the region.

In RoW, the global cloud migration services market is predicted to have sound growth over the forecast period.

Industry Updates

March 2021- Microsoft has launched programs for Azure for simplifying cloud migration in India.

Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

Continued….

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List of Tables

Table 1 Global Cloud Migration Services Market: By Region, 2020-2027

Table 2 North America Cloud Migration Services Market: By Country, 2020-2027

Table 3 Europe Cloud Migration Services Market: By Country, 2020-2027

Continued…

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

Continued…

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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