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Cloud Migration Services Market

Cloud Migration Services Market Size, Share & Segmentation by Service Type (Managed Services and Professional Services), by Applications (Project Management, Infrastructure Management, Security & Compliance Management, and Others), by Organization Size (Large Enterprises and Small & Medium Enterprises), by Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), by Industry Verticals (BFSI, Manufacturing, Healthcare & Life Sciences, IT & Telecommunications, Consumer Goods & Retail, Government & Public Sector, Media & Entertainment, and Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1225 | May 2022 | Region: Global | 135 Pages

Report Scope & Overview:

The Cloud Migration Services Market was valued at USD 9.2 billion in 2021 and is predicted to increase at a CAGR of 25.5 percent from 2022 to 2028, to reach USD 45.11 billion.

Cloud computing use has increased over the last decade as a result of increased expenditures from small and medium businesses. Many enterprises throughout the world have already made the transition to cloud platforms to reap the benefits. Cloud adoption has been an important issue for IT cost reduction efforts in recent years. Cloud computing is predicted to create USD 411 billion in income by 2021, according to a report published by CenturyLink, a telecommunications firm.

Cloud Migration Services Market

Scalability, improved efficiency, faster deployment, mobility, and disaster recovery are all good reasons to migrate to the cloud. Customers can take advantage of a range of enterprise cloud-based disaster recovery capabilities to help businesses grow. With real-time operations, business components, and access to on-premises data, migration to the cloud is becoming more attractive. This technology also simplifies the creation of multiple departments in a company in a short period of time.

The rise of cloud and industrialized services, as well as the demise of conventional data center outsourcing (DCO), point to a significant transition toward hybrid infrastructure. While the traditional DCO market is contracting, spending on colocation and hosting, as well as infrastructure utility services, is skyrocketing. The migration to cloud IaaS and hosting is projected to be accelerated as a result of this. In recent years, migration for PaaS, IaaS, and SaaS has become increasingly important. Companies are also adopting DevOps skills and automation, which are becoming increasingly important in reaping the technical and financial benefits of cloud adoption.

In comparison to other cloud services, hybrid cloud migration has seen tremendous growth over the last few years. Using a hybrid cloud allows businesses to expand computer resources and reduces the need for large amounts of money to accommodate short-term demand surges. Many cloud providers provide the capacity to swiftly build infrastructure in numerous global locations, allowing a company to easily grow into new markets. According to the RightScale 2019 State of the Cloud Survey Report, 84 percent of businesses have a multi-cloud strategy, with 58 percent using a hybrid approach, while businesses using several public clouds or private clouds saw a modest increase.

COVID-19 impact Analysis:

While the standalone 8x8 Video Meetings cloud service saw a 300 percent rise in registered users across 140 countries in early 2020. Google Hangouts, Cisco Webex, Slack, Zoom, Ding Talk, WeChat Work, and Tencent Meeting are some of the other prominent SaaS-based collaboration applications that are gaining appeal.

Because the majority of the population is remaining at home owing to country lockdowns, demand for streaming sites such as Netflix, Hulu, Amazon, Disney+, Twitch, YouTube, and Apple TV has increased significantly. With the rise of Video-on-Demand (VoD), the demand for IaaS to meet customer demands has skyrocketed.

Cloud Computing Market Dynamics:

Drivers

  • Enterprises are concerned about the expenses of data hosting on-premises, both in terms of deployment and maintenance.

  • Electricity prices, employee expenses, and downtime difficulties are a few other worries for businesses.

Restraints

  • Increasing data breaches and cyber-attacks, and growing data security concerns.

  • Furthermore, firms must strive to remain competitive by adhering to regulatory standards, avoiding financial penalties, preventing customer and revenue losses, and avoiding legal action.

Challenges

  • Cloud computing services assist businesses in increasing efficiency and lowering expenses.

  •  Furthermore, these services provide a variety of benefits, such as flexibility, scalability, and agility.

Opportunities

  • Enterprises are willing to use a hybrid strategy to gain the benefits of both on-premises and cloud services.

  • Small businesses are increasingly turning to cloud computing services because of the numerous advantages they offer.

Cloud Migration Services Market Segment Chart

                                 Cloud Migration Services Market Segmentation 2022-2028

Key Market Players

The key players include Amazon Web Services (AWS) Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc, NTT Data corporation, DXC Technology Company, VMware inc., Rackspace Hosting Inc., Informatica Inc., WSM international, Zerto Ltd., Virtustream Inc., RiverMeadow Software Inc., OpenStack Inc.and others dominate the cloud computing business. These suppliers have a huge client base and a broad geographic presence, as well as well-organized distribution systems, which aids in revenue growth.

Key Market Segmentation:

Based on Service Type:

  • Manages Services

  • Professional Services

Based on Applications:

  • Project Management

  • Infrastructure Management

  • Security & Compliance Management

  • Others

Based on Organization Size:

  • Small and Medium-sized Enterprises (SMEs)

  • Large Enterprises

Based on Deployment Mode:

  • Public Cloud

  • Private Cloud

  • Hybrid Cloud

Based on Industry Verticals:

  • BFSI

  • Manufacturing

  • Healthcare & Life Sciences

  • IT & Telecommunications

  • Consumer Goods & Retail

  • Government & Public Sector

  • Media & Entertainment

  • Others

Based on Regions:

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Spain

    • Italy

    • Netherlands

    • Rest of Europe

  • APAC

    • China

    • Japan

    • Australia

    • Singapore

    • India

    • South Korea

    • Rest of APAC

  • MEA

    • Saudi Arabia

    • UAE

    • Qatar

    • South Africa

    • Rest of MEA

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

Cloud Migration Services Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 9.2 Bn
Market Size by 2028  US$ 45.11 Bn
CAGR   CAGR of 25.5% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments
  • by Service Type (Managed Services and Professional Services)

  • by Applications (Project Management, Infrastructure Management, Security & Compliance Management, and Others)

  • by Organization Size (Large Enterprises and Small & Medium Enterprises)

  • by Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud)

  • by Industry Verticals (BFSI, Manufacturing, Healthcare & Life Sciences, IT & Telecommunications, Consumer Goods & Retail, Government & Public Sector, Media & Entertainment, and Others)

Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles

Amazon Web Services (AWS) Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc, NTT Data Corporation, DXC Technology Company, VMware inc., Rackspace Hosting Inc., Informatica Inc., WSM international, Zerto Ltd., Virtustream Inc., RiverMeadow Software Inc., and OpenStack Inc.

Key Drivers • Enterprises are concerned about the expenses of data hosting on-premises, both in terms of deployment and maintenance.
Market Opportunities • Enterprises are willing to use a hybrid strategy to gain the benefits of both on-premises and cloud services.

 


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Cloud Migration Services Market, by Service Type

8.1 Managed Services

8.2 Professional Services

 

9. Cloud Migration Services Market, by Applications

9.1 Project Management

9.2 Infrastructure Management

9.3 Security & Compliance Management

9.4 Others

 

10. Cloud Migration Services Market, by Organization Size

10.1 Small and Medium-sized Enterprises (SMEs)

10.2 Large Enterprises

 

11. Cloud Migration Services Market, by Deployment Mode

11.1 Public Cloud

11.2 Private Cloud

11.3 Hybrid Cloud

 

12. Cloud Migration Services Market, by Industry Verticals

12.1 BFSI

12.2 Manufacturing

12.3 Healthcare & Life Sciences

12.4 IT & Telecommunications

12.5 Consumer Goods & Retail

12.6 Government & Public Sector

12.7 Media & Entertainment

12.8 Others

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2  Canada

13.2.3  Mexico

13.3     Europe

13.3.1  Germany

13.3.2  UK

13.3.3  France

13.3.4  Italy

13.3.5  Spain

13.3.6  The Netherlands

13.3.7  Rest of Europe

13.4     Asia-Pacific

13.4.1  Japan

13.4.2  South Korea

13.4.3  China

13.4.4  India

13.4.5  Australia

13.4.6  Rest of Asia-Pacific

13.5     The Middle East & Africa

13.5.1  Israel

13.5.2  UAE

13.5.3  South Africa

13.5.4  Rest

13.6     Latin America

13.6.1  Brazil

13.6.2  Argentina

13.6.3  Rest of Latin America

 

14. Company Profiles

14.1 Amazon Web Services (AWS) Inc.

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 International Business Machines (IBM) Corporation

14.3 Microsoft Corporation

14.4 Google LLC

14.5 Cisco Systems Inc.

14.6 NTT Data corporation

14.7 DXC Technology Company

14.8 VMware inc.

14.9 Rackspace Hosting Inc.

14.10 Informatica Inc.

14.11 WSM International

14.12 Zerto Ltd.

14.14 Virtustream Inc.

14.14 RiverMeadow Software Inc.

14.15 OpenStack Inc.

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share Analysis

15.3 Recent Developments

 

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

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