Cloud Migration Market

Introduction of the Cloud Migration Market Report

Cloud migration refers to the process of moving digital assets including data, workloads, IT resources, and applications to cloud computing infrastructure. Cloud migration process includes transfer of data and applications from on-premises data centre to the public cloud and also, moving data and applications from one cloud platform to another. The cloud migration market basically involves three type of deployment: public, private, and hybrid cloud.

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Market Dynamic

Key Drivers and Emerging Trends

The rising penetration of internet and mobile devices, growing adoption of technologies including IoT, artificial intelligence, and 5G network among industries, and rapidly increasing volume and complexity of data are some of the major drivers fostering the growth of the cloud migration market. In addition, increasing adoption of cloud migration services among industries including healthcare, retail, IT and communication, BFSI, and manufacturing among others owing to the need for business agility and automation is further expected to boost the market growth.

As per the cloud migration statistics, the growing trend of BYOD (Bring Your Own Device) and work from home among business organizations is expected to increase the migration of workloads to cloud environment primarily to maintain operational efficiency, improve resource utilization, reduce IT capital expenses, and to provide remote accessibility to the on premise data. According to BSA, the Software Alliance, and a member of the International Intellectual Property Alliance, the demand for cloud computing is expected to represent 60 percent of growth through 2020. This is one of the emerging cloud migration market trends that is likely to provide huge opportunities for the growth for the growth of the cloud migration market size during the forecast period.

Restraint in the Cloud Migration Market

The cloud migration market report illustrates that the increasing concerns pertaining data privacy and security may hamper the market growth. Moreover, cloud platform lock-in and cloud interoperability are some other factors expected to restrain the cloud migration market growth.

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Deployment Type – Segment Analysis

Based on deployment type, the public cloud segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the growing number of businesses moving to public cloud computing environment owing to its numerous benefits including flexible pricing structure, easy setup, remote deployment, and maintenance provided by the cloud provider. Some of the prominent cloud computing services including Amazon Elastic Compute Cloud (Amazon EC2), Microsoft Azure, Google Cloud, and IBM SmartCloud Enterprise are further expected to boost the market growth.

Enterprise Size – Segment Analysis

Based on enterprise size, small and medium enterprises segment is anticipated to grow faster CAGR over the forecast period owing to the rising number of SMEs globally, increasing migration of SMEs IT infrastructure to the cloud, and introduction of pay-as-you-go model in cloud computing market for small and medium enterprises (SMEs). Moreover, according to the World Bank Group, small and medium enterprises represent about 90% of businesses worldwide and estimated to provide 600 million jobs 2030. This is projected to support the growth of the market in the coming years.

Service Type – Segment Analysis

Based on the service type, platform as a service (PaaS) is projected to hold a larger share in the market owing to its easy access, quick deployment, low cost, increased security, and flexibility. Various popular PaaS providers that include AWS Elastic Beanstalk, Microsoft Azure App Services, IBM Cloud, Google App Engine, and Red Hat OpenShift are further expected to contribute to the market growth.

End-User Type – Segment Analysis

Based on the end-user, the BFSI segment is anticipated to account for a prominent share in the market owing to the increasing trend of cloud migration among financial institutions due to several advantages including cutting down infrastructure cost, better data management and backup, and the integration with supporting technology like artificial intelligence. Companies such as International Business Machines Corporation, and Oracle Corporation, Amazon Com, Inc., offer cloud computing services to banks and other financial institutions throughout the world.

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Regional – Segment Analysis:

Based on region, North America is expected to dominate the global cloud migration market during the forecast period owing to the rapid economic development, presence of a large number of enterprises with advanced IT infrastructure, and growing BFSI and healthcare sectors in the region. Some of the leading companies include IBM Corporation, Microsoft Corporation, Cisco Systems Inc., and Amazon Com, Inc., among others in the region which is expected to stimulate the cloud migration services market in the region.

Top Market Players

Several Leading players operating in the market include Cisco Systems, Inc., Amazon Com, Inc., Accenture Plc, Microsoft Corporation, International Business Machines Corporation, Alphabet, Inc., Rackspace Technology, Inc., Vmware, Inc., RiverMeadow Software, Inc., and NTT Data Corporation, among others. 

Key Developments:

• • In 2020, Cisco Systems, Inc. expanded its partnership with Google Cloud around network connectivity to cloud-based applications. With this partnership, Cisco is integrating its software-defined wide area network (SD-WAN) with Google Cloud’s global network and Anthos. This will provide full WAN application integration with cloud workloads.

Segments covered in the Report:

The global Cloud Migration Market has been segmented on the basis of deployment type, enterprise size, service type, end-user, and regions. Based on deployment type, the market is segmented into public cloud, private cloud, and hybrid cloud. Based on enterprise size, the market is segmented into SMEs and large enterprises. Based on the service type, the market is segmented into PaaS, IaaS, and SaaS. Based on end-user, the market is segmented into BFSI, healthcare, retail, government, IT and telecommunication, manufacturing and others. 

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Key questions answered in this research report:

• • At what pace is global Cloud Migration Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Cloud Migration Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Cloud Migration Market?
  • Which deployment type generated maximum revenues in 2019 and identify the most promising deployment type during the forecast period?
  • What are the various end-users of global Cloud Migration Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Deployment Type, By Enterprise Size, By Service Type, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Cisco Systems, Inc., Amazon Com, Inc., Accenture Plc, Microsoft Corporation, International Business Machines Corporation, Alphabet, Inc., Rackspace Technology, Inc., Vmware, Inc., RiverMeadow Software, Inc., and NTT Data Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cloud Migration Market by Deployment Type

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Global Cloud Migration Services Market by Enterprise Size

• • Small and Medium Enterprises (SMEs)
  • Large Enterprises

Global Cloud Migration Market by Service Type

• • PaaS
  • IaaS
  • SaaS

Global Cloud Migration Market by End-User

• • BFSI
  • Healthcare
  • Retail
  • Government
  • IT and Telecommunication
  • Manufacturing
  • Others

Global Cloud Migration Market by Region

• • North America Cloud Migration Market (Option 1: As a part of the free 25% customization)
    • North America Market by Deployment Type
    • North America Market by Enterprise Size
    • North America Market by Service Type
    • North America Market by End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Cloud Migration Services Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Deployment Type
    • Europe Market by Enterprise Size
    • Europe Market by Service Type
    • Europe Market by End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Cloud Migration Services Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Deployment Type
    • Asia-Pacific Market by Enterprise Size
    • Asia-Pacific Market by Service Type
    • Asia-Pacific Market by End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Cloud Migration Services Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Deployment Type
    • RoW Market by Enterprise Size
    • RoW Market by Service Type
    • RoW Market by End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Cloud Migration Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems, Inc.
  • Amazon Com, Inc.
  • Accenture Plc
  • Microsoft Corporation
  • International Business Machines Corporation
  • Alphabet, Inc.
  • Rackspace Technology, Inc.
  • Vmware, Inc.
  • RiverMeadow Software, Inc. 
  • NTT Data Corporation