Global Cloud Migration Market, By Application (Project Management, Infrastructure Management, Security and Compliance Management, and Others), Deployment (Public, Private and Hybrid), Enterprise Size (Small and Medium Enterprises (SMEs) and Large Enterprises), Type of Service (Platform as a service (PaaS), Infrastructure as a Service (IaaS) and Software as a service (or SaaS)), End User Vertical (Banking Financial Services and Insurance, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing and Other End-user Verticals) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Cloud Migration Market
Surge in the rate of digitization especially in the developing economies, growing adoption of cloud services by small and medium scale enterprises and surge in the rate of adoption by manufacturing industry are the major factors attributable to the growth of the cloud migration market. Data Bridge Market Research analyses that the cloud migration market will exhibit a CAGR of 28.50% for the forecast period of 2022-2029. Therefore, the market is projected to rise up to USD 3,820.47 million by 2029.
From the name itself, it is clear that cloud migration is a process that is used to migrate or move the data and other applications over networks using cloud databases. Cloud migration services are used by a wide range of industry verticals to shift legacy IT infrastructure to the public cloud environment.
Rising need of self-driving cloud database especially in the emerging industries will emerge as the major market growth driving factor. Surging usage of cloud database for managing and storing various forms of unstructured data, growing adoption of new and advanced technology especially in the developing economies, rising awareness about the benefits of cloud management services and solutions and strengthening IT industry in developing economies such as India and China will further aggravate the growth of the market. Rising acceptance of cloud migration solutions by the various industries, surging proliferation of high speed internet and growth in the number of research and development proficiencies by the major players are some other factors bolstering the growth of the market.
However, lack of technological expertise in underdeveloped and developing economies and rising security as well as privacy issues will act as growth restraints for the market. Also, stringent data regulations and legislations imposed by the various regional authorities will yet again hamper the market growth rate. Lack of strong infrastructural facilities in the backward economies will also challenge the market growth rate.
This 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 localised 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Global Cloud Migration Market Scope and Market Size
The cloud migration market is segmented on the basis of application, deployment, enterprise size, type of service and end user vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The cloud migration market on the basis of application has been segmented as project management, infrastructure management, security and compliance management, and others.
- Cloud migration market on the basis of type of deployment has been segmented as public, private and hybrid.
- Based on enterprise size, the cloud migration market has been segmented into small and medium enterprises (SMES) and large enterprises.
- On the basis of type of service, the cloud migration market has been segmented into platform as a service (PaaS), infrastructure as a service (IaaS) and software as a service (SaaS).
- Cloud migration has also been segmented on the basis of end user vertical into banking financial services and insurance, healthcare, retail, government, IT and telecommunication, manufacturing, other end-user verticals.
Cloud Migration Market Country Level Analysis
The cloud migration market is analysed and market size, volume information is provided by country, application, deployment, enterprise size, type of service and end user vertical as referenced above.
The countries covered in the 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, Israel, Egypt, South Africa, 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 flourish its trend of dominance during the forecast period owing to the major presence of key players, prevalence of advanced IT infrastructure and high rate of adoption of cloud migration services and solutions by the various industries in countries in the region. Asia-Pacific will continue to undergo substantial gains during the forecast period and will score the highest CAGR. This is because of the increasing rate of digitization of the economies, surging investments towards the development of IT infrastructure in this region and growing volume of unstructured data.
The country section of the cloud migration market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Cloud Migration Market Share Analysis
The 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 cloud migration market.
Some of the major players operating in the cloud migration market Accenture, Amazon Web Services, Inc., Cisco Systems, Inc., Cognizant, DXC Technology Company, Evolve IP, LLC., Google LLC, IBM, Microsoft, Oracle, RACKSPACE TECHNOLOGY, Flexera, Tech Mahindra Limited, VMware, Inc, WSM International, OpenStack Foundation, RiverMeadow Software, Inc., Zerto Ltd., Informatica, NTT DATA Corporation., Software AG and Broadcom among others.
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