Global Cloud Migration Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Cloud Migration Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cloud migration market report has been segmented as per deployment model, organization size, vertical, application, and region.
Global Cloud Migration Market: Overview
The process of moving data, business elements, and applications from data center to cloud is known as cloud migration. The data or application is transferred to cloud network using various types of networks such as public internet, private internet, and physical transfer, etc. This service is available to move data, application, and business process to the cloud. Cloud migration process is used to merge huge volume of data in the effective IT environment to provide better performance and security with lower cost. Steps that are used to perform cloud migration and selecting a method to perform cloud migration is based on factors such as which resources it wants to move and the type of migration it required.
Global Cloud Migration Market: Dynamics
Growing awareness about cloud migration, benefits of using cloud migration, and arability of lower cost services provided for migration by cloud solutions are some factors which is expected to drive growth of global cloud migration market. High adoption by various infrastructure due to its ability to aid in moving data, business elements, and on premise data from data center to cloud or from one cloud to another cloud and ensure security and easy access of data as well as increasing usage of artificial intelligence and machine learning are major factors fueling the growth of target market.
Moreover, as more companies getting familiar with the benefits of cloud migration and various leading key players are trying to enhance existing system by offering various updates and inventions to make cloud migration more easy. The flexibility in accessing data and advanced technology which help companies to improve working polices and to accomplish targets within a limited period of time is provided by cloud migration process which is another factor expected to drive growth of global cloud migration market. Faster implementation, disaster recovery, mobility, scalability and increased effectiveness are additional factors expected to drive the target market growth.
However, the risk associated with data lose, data confidentiality, and unawareness about benefits of cloud migration are factors expected to hamper growth of the global cloud migration market.
Global Cloud Migration Market: Segment Analysis
Among the organization size segments, the small & medium-sized enterprises segment is expected to account largest revenue share in the global cloud migration market. High adoption of cloud migration by various organizations is a major factor expected to drive revenue growth of this segment.
Among the deployment type segments, the public cloud segment is expected to be largest segment in global cloud migration market. Technological advancement in the field of pubic cloud network is a major factor expected to drive revenue growth of this segment.
Global Cloud Migration Market: Region Analysis
North America market is projected to account for highest revenue share in the global market. Furthermore, major key players have strong presence in countries in North America as well as increasing IT and telecommunication infrastructure development activities, and adoption of cloud migrations to enhance existing migration system are some factors expected to drive growth of the North America market.
Global Cloud Migration Segmentation:
Segmentation by Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Segmentation by Organization Size:
- Large Enterprises
- Small & Medium-Sized Enterprises
Segmentation by Vertical:
- Healthcare & Life Sciences
- Government & Public Sector
- Telecommunications & ITs
- Consumer Goods & Retail
Segmentation by Application:
- Project Management
- Infrastructure Management
- Compliance & Security Management
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- IBM Corporation
- Google LLC
- Microsoft Corporation
- Informatica LLC
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- NTT Data Corporation
- VMware, Inc.
- Rackspace US, Inc.
- DXC Technology Company
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