Global Private Cloud Migration Market – Industry Trends and Forecast to 2029

Private Cloud Migration Market Analysis and Size

When compared to other cloud services, migration to the private cloud has seen significant overall growth in recent years. Using a private cloud enables businesses to scale computing resources and eliminates the need for large amounts of capital to handle short-term spikes in demand. Many cloud providers provide the ability to rapidly scale infrastructure in various global locations, allowing a company to quickly expand into new markets.

Data Bridge Market Research analyses that the private cloud migration market was valued at USD 65.48 billion in 2021 and is expected to reach the value of USD 392.80 billion by 2029, at a CAGR of 25.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Private Cloud Migration Market Scope and Segmentation

Market Definition

The process of transferring software, data, and other business elements to a cloud computing environment is known as cloud migration. An enterprise can carry out various types of cloud migrations. One fundamental model is the migration of data and software from a local on-premises data centre to the public cloud.

Global Private Cloud Migration Market Dynamics

Drivers

• Return on investments and cost effectiveness provided by these services

As organizations are more concerned about the initial investment and ongoing costs of on-premises data hosting. However, power, labor, and downtime issues are a few other issues businesses face. The adoption of cost-effective solutions for reorganising firm plans has been driven by the current competitive climate and global economic conditions. The growing tendency of businesses adopting digital transformation and enhancing customer satisfaction is another reason boosting the popularity of cloud computing services.

Furthermore, the cloud offers the pay-as-you-go model, which allows organisations to pay for cloud services based on usage, resulting in lower costs. Start-ups and SMEs are rapidly adopting cloud services due to benefits such as on-demand availability and low cost. Furthermore, they free up staff to focus on other mission-critical tasks. These incentives encourage businesses to adopt cloud computing services as soon as possible.

• The high prevalence of cloud and infrastructure services

The rise of cloud and industrialised services and the decline of traditional data centre outsourcing (DCO) point to a significant shift toward hybrid infrastructure services. While the traditional cloud migration market is contracting, spending on colocation and hosting and infrastructure utility services is rapidly increasing. This is anticipated to fuel the transition to cloud hosting and IaaS. The importance of migration for PaaS, IaaS, and SaaS has increased recently. Companies are rapidly embracing DevOps capabilities and automation, which are considered as essential for achieving the technical and commercial benefits of cloud adoption.

Opportunity

An increase in the number of R&D activities, as well as the development of IT infrastructure, will create additional opportunities for the growth of the private cloud migration market during the forecast period.

Restraints

In the forecasted period, a growing number of interoperability issues, as well as data security concerns, will act as market restraints for the private cloud migration market.

This private cloud migration market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the private cloud migration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Private Cloud Migration Market

Many CXOs are compelled to accelerate digital tools and techniques in the Covid-19 pandemic, where businesses are dealing with operational challenges, among which cloud migration has seen significant growth. Many large, small and medium-sized enterprises (SMEs) have shifted to cloud-savvy managed service providers (MSPs), who have accelerated migration processes, scaled existing services, modernised legacy applications, enabled and orchestrated multi-cloud environments, and leveraged various cloud-native capabilities. Furthermore, many cloud service providers have introduced a variety of appealing cloud migration strategies that, in particular, assist SME's in adopting these services with ease and with less financial burden, creating numerous opportunities for the market.

Recent Development

June 2022 - HPE GreenLake, the company's flagship offering that enables organisations to modernise all of their applications and data, received platform enhancements and new cloud services. This includes a modern private cloud that has been reimagined to provide a cloud-native experience to power an organization's private strategy, regardless of location.

Global Private Cloud Migration Market Scope

The private cloud migration market is segmented on the basis of type, enterprise size, type of service, and end user vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type   

• Dedicated Private Cloud
• Virtual Private Cloud

Type of services

• Infrastructure-as-a-Service (IaaS)
• Platform-as-a-Service (PaaS)
• Software-as-a-Service (SaaS)

Enterprise size

• Small and medium sized enterprises
• Large Enterprises

End user vertical

• Banking Financial Services and Insurance (BFSI)
• Manufacturing,
• Healthcare
• Government
• IT and Telecommunication
• Retail
• Other End-User Verticals

Private Cloud Migration Market Regional Analysis/Insights

The private cloud migration market is analysed and market size insights and trends are provided by country, type, enterprise size, type of service, and end user vertical as referenced above.

The countries covered in the private cloud migration market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cloud migration market and will continue to do so during the forecast period due to the significant presence of key players, the prevalence of advanced IT infrastructure, and the high rate of adoption of cloud migration services and solutions by various industries in the region. During the forecast period.

Asia-Pacific will continue to experience significant gains and will have the highest CAGR. This is due to the increasing rate of economic digitization, increased investments in the development of IT infrastructure in this region, and the growing volume of unstructured data.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Private Cloud Migration Market Share Analysis

The private cloud migration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to private cloud migration market.

Some of the major players operating in the private cloud migration market are:

• Amazon Web Services, Inc. (U.S.)
• Microsoft (U.S.)
• Oracle (U.S.)
• Google (U.S,)
• Palo Alto Networks. (U.S.)
• SAP SE (Germany)
• IBM (U.S.)
• Zscaler, Inc. (U.S.)
• Cisco Systems, Inc. (U.S.)
• Cloud flare Inc., (U.S.)
• IBM (U.S.)
• Workday, Inc. (U.S.)
• PTC (U.S.)
• Fujitsu (Japan)
• Microsoft (U.S.)
• Siemens (Germany)
• Cisco Systems Inc. (U.S.)
• AWS (U.S.), Oracle (U.S.)
• Google Inc., (U.S.)
• Atos SE (France)

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