Cloud Migration Services Market Affect Industry Growth Over The Projected Period MRFR Present Scenario On Growth Analysis Along With Key Industry Players, And Forecast To 2030
Market Analysis
Market
Research Future (MRFR) presumes the global Cloud
Migration Services Market to reach USD 8 billion
at a CAGR of 22% from 2018 to 2023 (forecast period)
Increased
Demand for Cloud Migration for Business Continuity
Cloud
migration services are concerned with both the platform and the software
services. This category of the value chain includes platforms and software
providers. Application design, application development, team collaboration,
database integration, and security are all part of the PaaS offering. The major
cloud migration services market trends offered by these services are known as
PaaS service providers. There are various sorts of PaaS vendors on the market;
nonetheless, they all provide services or applications. This service is hosted
by vendors who are licensed on a subscription basis. SaaS is used by the
subscriber using a web browser. With the maturation of mobile applications and
other software such as CAD and ERP, SaaS has grown in popularity. Due to the
increased demand for both services, SaaS and PaaS providers play an important
role in the value chain of the cloud computing services market. As a result,
the aforementioned reasons are projected to boost the market for cloud
migration services throughout the forecast period.
The
Global Market to Benefit from COVID-19 Pandemic
In
the COVID-19 pandemic, where businesses are dealing with operational issues,
many CXOs are being compelled to accelerate digital technologies and
strategies, cloud migration being one of them. Many large enterprises and small
and medium-sized enterprises (SMEs) have shifted to cloud-savvy managed service
providers (MSPs), who have accelerated migration processes, scaled existing
services, modernized legacy applications, enabled and orchestrated multi-cloud
environments, and leveraged various cloud-native capabilities. Furthermore,
several cloud service providers have created many appealing cloud migration
strategies that specifically assist SME's in adopting these services with
simplicity and with less financial stress, generating countless chances for the
market.
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Segmentation:
The
global cloud migration services industry has been segmented into services,
deployment, organization size, applications, and industries.
On
the basis of services, the global cloud migration services market has been
segmented into managed services and professional services. The professional
services have been further sub-segmented into automation & integration,
support & maintenance, disaster recovery, training & consulting, and
others.
On
the basis of deployment, the global cloud migration services market has been
segmented into public, private, and hybrid.
On
the basis of organization size, the global cloud migration services market has
been segmented into SMEs and large enterprises.
On
the basis of applications, the global cloud migration services market has been
segmented into infrastructure management, security and compliance management,
workforce management, project management, and others.
On
the basis of industries, the global cloud migration services market has been
segmented into government, IT & telecommunication, manufacturing, and
others.
Competitive Outlook:
Some
of the prominent participants in the global cloud migration services market
Microsoft Corporation (U.S.), Tech Mahindra (India), Dell (U.S.), IBM
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.
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:
North America to Lead the
Global Market
During
the projection period, North America is likely to hold the largest market share
and dominate the cloud migration services market. Due to the presence of major
organizations, higher technical expertise, and the application of cutting-edge
technologies, North America has the largest usage of cloud migration services.
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…
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