Cloud Migration Services Market Size, Share and Forecast 2026
The global cloud migration services market expected to reach $XX billion by 2026, at a CAGR of over 22% during the forecast period. Enhanced business efficiency due to improved IT services offered by cloud computing coupled with introduction of pay-as-you
(EMAILWIRE.COM, September 05, 2019 ) Market overview
Cloud migration is the process of partially or completely deploying an organization's digital assets, services, IT resources or applications to the cloud. Increasing awareness about business continuity, rising penetration of cloud computing and reducing operational costs are some of the key factors fueling market growth.
The report covers all the major trends and drivers playing a vital role in the growth of the Cloud Migration Services market. The global Cloud Migration Services market has been segmented based on region, deployment, services, and vertical.
Market Dynamics
The global cloud migration services market growth is primarily driven by rise in the adoption of hybrid cloud solutions. As the cloud computing market continues to grow, enterprises are exploring different cloud models in search of the right balance of functionality, flexibility and investment protection. Hybrid cloud lets organizations provision, use, and manage IT resources across their on-site data center and a compatible public cloud. Factors such as increased speed of delivery of IT resources to end users, need for improved disaster recovery capabilities, improved resource utilization, and reducing IT capital expenses; are driving organizations to move workloads to hybrid cloud.
In addition, the key role of cloud migration is to host applications and data in the most effective IT environment possible, based on factors such as cost, performance and security. For example, many organizations perform the migration of on-premises applications and data from their local data center to public cloud infrastructure to take advantage of benefits, such as greater elasticity, self-service provisioning, redundancy and a flexible, pay-per-use model. These factors are further expected to drive tremendous growth in global cloud migration services market during the forecast period 2019-2026.
Market Segmentation
By deployment, the global cloud migration services market is segmented into public, private, and hybrid. In 2018, public cloud deployment segment accounted for the largest market share in the global market. Cloud technology enables developers to adopt Agile workflows, significantly reducing lead times in testing and deploying new products and releasing product updates. As a public cloud user, organizations arent responsible for managing cloud hosting solution. Cloud service provider is responsible for the management and maintenance of the data center(s) in which the data is stored. This means no lengthy procurement processes and no waiting around for operations to install operating system, configure and assemble servers, or establish connectivity.
By services, the global cloud migration services market is segmented into professional services (automation & integration, support & maintenance, disaster recovery, training & consulting) and managed services. The enterprises, which are adopting cloud migration services, are increasingly inclined toward deploying cloud-based solutions to run their critical business functions. In 2018, professional services held the majority share in the market. Disaster recovery sub-segment is expected to boost segment growth over the forecast period. Cloud disaster recovery (cloud DR) is a backup and restores strategy that involves storing and maintaining copies of electronic records in a cloud computing environment as a security measure. Generally, cloud providers charge for storage on a pay-per-use model, based on capacity, bandwidth or seat.
Geographical analysis
By geography, the global Cloud Migration Services Market is segmented into
North America,
Asia-Pacific (APAC),
Europe,
South America,
Middle East
Africa (MEA).
Competitive Analysis
Some major players in the market are
Cisco Systems,
Amazon.com,
Microsoft Corporation,
IBM Corporation,
Others
View full sample report: https://www.datamintelligence.com/research-report/cloud-migration-services-market
Download free sample: https://www.datamintelligence.com/download-sample/cloud-migration-services-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Cloud migration is the process of partially or completely deploying an organization's digital assets, services, IT resources or applications to the cloud. Increasing awareness about business continuity, rising penetration of cloud computing and reducing operational costs are some of the key factors fueling market growth.
The report covers all the major trends and drivers playing a vital role in the growth of the Cloud Migration Services market. The global Cloud Migration Services market has been segmented based on region, deployment, services, and vertical.
Market Dynamics
The global cloud migration services market growth is primarily driven by rise in the adoption of hybrid cloud solutions. As the cloud computing market continues to grow, enterprises are exploring different cloud models in search of the right balance of functionality, flexibility and investment protection. Hybrid cloud lets organizations provision, use, and manage IT resources across their on-site data center and a compatible public cloud. Factors such as increased speed of delivery of IT resources to end users, need for improved disaster recovery capabilities, improved resource utilization, and reducing IT capital expenses; are driving organizations to move workloads to hybrid cloud.
In addition, the key role of cloud migration is to host applications and data in the most effective IT environment possible, based on factors such as cost, performance and security. For example, many organizations perform the migration of on-premises applications and data from their local data center to public cloud infrastructure to take advantage of benefits, such as greater elasticity, self-service provisioning, redundancy and a flexible, pay-per-use model. These factors are further expected to drive tremendous growth in global cloud migration services market during the forecast period 2019-2026.
Market Segmentation
By deployment, the global cloud migration services market is segmented into public, private, and hybrid. In 2018, public cloud deployment segment accounted for the largest market share in the global market. Cloud technology enables developers to adopt Agile workflows, significantly reducing lead times in testing and deploying new products and releasing product updates. As a public cloud user, organizations arent responsible for managing cloud hosting solution. Cloud service provider is responsible for the management and maintenance of the data center(s) in which the data is stored. This means no lengthy procurement processes and no waiting around for operations to install operating system, configure and assemble servers, or establish connectivity.
By services, the global cloud migration services market is segmented into professional services (automation & integration, support & maintenance, disaster recovery, training & consulting) and managed services. The enterprises, which are adopting cloud migration services, are increasingly inclined toward deploying cloud-based solutions to run their critical business functions. In 2018, professional services held the majority share in the market. Disaster recovery sub-segment is expected to boost segment growth over the forecast period. Cloud disaster recovery (cloud DR) is a backup and restores strategy that involves storing and maintaining copies of electronic records in a cloud computing environment as a security measure. Generally, cloud providers charge for storage on a pay-per-use model, based on capacity, bandwidth or seat.
Geographical analysis
By geography, the global Cloud Migration Services Market is segmented into
North America,
Asia-Pacific (APAC),
Europe,
South America,
Middle East
Africa (MEA).
Competitive Analysis
Some major players in the market are
Cisco Systems,
Amazon.com,
Microsoft Corporation,
IBM Corporation,
Others
View full sample report: https://www.datamintelligence.com/research-report/cloud-migration-services-market
Download free sample: https://www.datamintelligence.com/download-sample/cloud-migration-services-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results