Report Id: SNS/ICT/1225 | May 2022 | Region: Global | 135 Pages
Report Scope & Overview:
The Cloud Migration Services Market was valued at USD 11.54 billion in 2022 and is predicted to increase at a CAGR of 25.5 % from 2023 to 2030, reaching USD 71.05 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.
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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:
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.
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.
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.
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 Segmentation 2022-2028 - Request Sample Report
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:
Based on Applications:
Security & Compliance Management
Based on Organization Size:
Small and Medium-sized Enterprises (SMEs)
Based on Deployment Mode:
Based on Industry Verticals:
Healthcare & Life Sciences
IT & Telecommunications
Consumer Goods & Retail
Government & Public Sector
Media & Entertainment
Rest of Europe
Rest of APAC
Rest of MEA
Rest of Latin America
|Market Size in 2022||US$ 11.54 Bn|
|Market Size by 2030||US$ 71.05 Bn|
|CAGR||CAGR of 25.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|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)
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) :
cloud migration services market size valued at US$ 11.54 bn by the end of 2022.
North America is dominating the Cloud Migration Services Market globally over the forecasted period.
Cloud Migration Services Market is to grow at CAGR of 25.5% During Forecast period 2022-2028.
Increasing requirement for cost-effective data-storage solutions to drive market growth.
The key players include Amazon Web Services (AWS) Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc & More are included.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
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
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
12.3 Healthcare & Life Sciences
12.4 IT & Telecommunications
12.5 Consumer Goods & Retail
12.6 Government & Public Sector
12.7 Media & Entertainment
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Amazon Web Services (AWS) Inc.
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
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.
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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.
Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
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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.
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Step 4: QA/QC Process
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