Overview
The global cloud migration services market is booming with the increasing adoption of hybrid cloud services among large enterprises. The factors that are boosting the growth of the cloud migration services market are increasing demand for cloud management and consulting solutions among small-medium organizations. On September 18, 2019, International Business Machines Corporation had launched two new services for providing cloud migration services to the companies. International Business Machines Corporation is offering cloud migration services at a very low cost to the small medium enterprises.
By region, the global cloud migration services market is gaining momentum across the various geographical region including North America, Europe, Asia Pacific, among others. In the North American region, the cloud migration services are gaining traction due to increasing demand for data security which is boosting the market growth in the forthcoming years.
According to Market Research Future Analysis, the global cloud migration services market is estimated to reach USD ~ 8 billion by the end of the forecast period of 2023, at a CAGR of ~22%.
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Segments
The global cloud migration services market is segmented into services, deployment, organization size, applications, industries, and region. The services segment is further sub-segmented asmanaged services and professional service. The deployment is sub-segmented into public, private, hybrid. The organization size segment is sub-segmented into SMEs and large enterprises. The applications segment is sub-segmented into infrastructure management, security and compliance management, workforce management, project management and others. The industries segment is sub-segmented into government, IT & telecommunication, manufacturing, and others. The market is spanned across regions namely North America, Europe, Asia Pacific, and Rest of the World.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Players
Market Research Future (MRFR) recognizes the following companies as the key players in the global Cloud Migration Services Market: Microsoft Corporation (U.S.), Tech Mahindra (India), Dell (U.S.), International Business Machines Corporation (U.S.), HCL Technologies (India), Accenture PLC (Republic of Ireland), Wipro Ltd. (India), NTT DATA, Inc. (Japan), Vmware, Inc. (U.S.), Amazon Web Services Inc. (U.S.), and among others.
Regional Analysis
The regional analysis of cloud migration services market is studied for regions such as Asia Pacific, North America, Europe, and Rest of the World. North America is dominating region as it has a huge demand for cloud services due to the increasing adoption of artificial intelligence, which is boosting the market growth to a large extent. In Europe, the market growth for cloud migration services is growing with a huge growth due to technological upgrades in cloud computing which is propelling the market growth. Whereas, Asia Pacific is the emerging markets for cloud migration services, in countries, including China, Japan, and India, and it is expected to gain momentum with the increasing penetration of IT services and grow with the highest CAGR in the coming years.
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Industry News:
On Mar 23, 2019, Microsoft Corporation has launched cloud computing education initiative with Azure cloud services to educate Australian public service workers. With this initiative, the company has conducted a program for the government’s Cloud Migration Services with a secure cloud strategy.
On Mar 20, 2019, VMware, Inc. has expanded their cloud services portfolio with the increasing adoption of multi-cloud services. With this expansion, the company is fulfilling the customer requirement by improving the risk management and complexity of the cloud.
On October 17, 2019, International Business Machines Corporation had launched new cloud migration and deployment services which help the organizations in shifting their data and applications to the cloud.
Intended Audience
- Cloud migration services companies
- Cloud migration services providers
- Computer graphics developers
- System integrators and third-party vendors
- Government bodies
- Technology investors
- Research institutes and organizations
- Market research and consulting firms
- End-users/enterprise-users
LIST OF TABLES
Table 1 Global Cloud Migration Services Market: By Region, 2019-2023
Table 2 North America Cloud Migration Services Market: By Country, 2019-2023
Table 3 Europe Cloud Migration Services Market: By Country, 2019-2023
Table 4 Asia Pacific Cloud Migration Services Market: By Country, 2019-2023
Table 5 Middle East & Africa Cloud Migration Services Market: By Country, 2019-2023
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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 2019, By Country (In %)
Continued……
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