“According to SNS Insider, Cloud Migration Services Market Size was valued at US$ 9.2 billion in 2021, projected to reach over US$ 45.11 billion by 2028 with growing a CAGR of 25.5% during the forecast period 2022-2028.”
Pune, Maharashtra -- (SBWIRE) -- 10/12/2022 -- Cloud migration is the process of transferring an organization's business operations, processes, and applications from its existing IT infrastructure to a public or private cloud environment. It entails shifting one's legacy IT infrastructure to the public cloud environment. Some industries, such as banking and financial services, prefer private cloud solutions; others, such as healthcare facilities, rely on hybrid models that offer high-end security frameworks.
The significant reasons for migrating to the cloud are scalability, increased effectiveness, faster implementation, mobility, and disaster recovery. Considerable companies are offering cloud disaster recovery features to its customers, aiding them to expand their businesses. Cloud migration is gaining traction for its real-time experience, business elements, and accessibility to on-premise data. This technology also aids in setting up several business units in minimal time.
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Major Company Profiles included in Cloud Migration Services Market are:
- Microsoft (US)
- AWS (US)
- Salesforce (US)
- Oracle (US)
- SAP (Germany)
- Google (US)
- Workday (US)
- Adobe (US)
- IBM (US)
The Cloud Migration Services market analysis includes market insights, product characteristics, business profiles, technical specifications, manufacturing location, financial data, and contact information. This study provides historical market analysis as well as market projections for each region, nation, and industry sector. Sales volume, price, revenue, gross margin, trends, historical growth, and anticipated future growth are all included in this data. All industries are covered in detail, and each section, category, and location has undergone comprehensive analysis.
The data in this research can be used by businesses, investors, stakeholders, suppliers, service providers, and distributors to assess the Cloud Migration Services market. To have a better understanding of the state of the market today, trends in international business and marketing are researched. To provide a complete picture of the anticipated market size, the worldwide market researches and examines consumption, value, year-over-year growth, and development plans for the upcoming years. To increase the accuracy of the statistics, they were also verified by reliable sources. To produce more estimates, we employed interviews and the advice of seasoned market research experts.
Cloud Migration Services Market Segmentation Outlook
The region's economic, social, technological, environmental, and political variables as well as other aspects affecting regional growth were thoroughly investigated and analyzed for the Cloud Migration Services study. Analysts looked at information on manufacturers, production, and sales for each region. The regional breakdown of sales and volume for the predicted time is examined in this section. These studies will help the reader determine the worth of a specific investment.
Major Segments and Sub-Segment of Cloud Migration Services Market are Listed Below:
Based on the Service Model:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a service (SaaS)
Based on IaaS:
- Primary Storage
- Disaster Recovery and Backup
- Archiving
- Compute
Based on PaaS:
- Application Development and Platforms
- Application Testing and Quality
- Analytics and Reporting
- Integration and Orchestration
- Data Management
Based on SaaS:
- Customer Relationship Management (CRM)
- Enterprise Resource Management (ERM)
- Human Capital Management (HCM)
- Content Management
- Collaboration and Productive Suites
- Supply Chain Management (SCM)
- Others (Business Intelligence (BI) and Analytics, PPM and operations and manufacturing applications)
Based on the Deployment Model:
- Public cloud
- Private cloud
Based on Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Based on Verticals:
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications
- IT and ITeS
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others (education, travel and hospitality, and transportation and logistics)
In this study, the years considered to estimate the market size of Cloud Migration Services are as follows:
- History Year: 2016-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Year 2022 to 2028
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Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
COVID-19 Pandemic Impact Analysis
The most recent study on the Cloud Migration Services market examines how the COVID-19 pandemic has impacted different global markets. Additionally, the report offers crucial advice on how market players and other interested parties may create plans that will keep them stable in pandemic-like situations.
Competitive Outlook of Cloud Migration Services Industry
The report's discussion on the important Cloud Migration Services market producers may be found here. It helps the reader comprehend the tactics and teamwork used by organizations to compete in the market. The comprehensive analysis looks closely at the world market. By knowing the manufacturers' global revenue, global pricing, and manufacturing output for the predicted period, the reader can determine the manufacturers' footprints.
Key Questions Answered in the Cloud Migration Services Market Report:
- What opportunities and difficulties does the market as a whole face?
- Which market segment dominates the target market, according to the analysis of sales, revenue, and market share?
- How much could the economies of developing nations grow in the upcoming years?
- What tactics do players most frequently use to expand their market share?
Table of Contents – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Cloud Migration Services Market, By Service Model
9. Cloud Migration Services Market, By Deployment Model
10. Cloud Migration Services Market, By Organization Size
11. Cloud Migration Services Market, By Verticals
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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