Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global
Research on the cloud migration services market provides an in-depth analysis of
segments and sub-segments in the global as well as regional cloud migration
services market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional cloud migration services market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global cloud
migration services market. According to the report, the global cloud migration
services market is projected to grow at a CAGR of 24.86% over the forecast
period of 2022-2028.
The revenue generated by the cloud migration
services market was approximately USD 150 billion in 2022 and is expected to
reach approximately USD 550 billion in 2028. Cloud computing services offer
organizations features comprising of flexibility, increased collaboration,
disaster recovery, security, reliability, manageability, and more. In line with
these benefits, organizations are increasingly adopting cloud based services
including public, private, and hybrid cloud environments. As a result, of the
adoption of cloud based services organizations need to move their
infrastructure, application, and business processes to the cloud. This
migration process consists of different complications including service
interruptions, service delays, and more. To overcome these difficulties,
organizations adopt cloud migration services.
The cloud migration services market is driven
by increasing demand for migrating applications and business processes to the
cloud, adopting enhanced security and flexibility, and reducing operational
costs. Moreover, any cloud migration process’s public benefit or objective is
to host applications and data in an effective IT environment based on
performance, price, and security. This is a significant factor expected to
propel the global cloud migration services market growth during the forecast
period. Enterprises have to identify the exemplary cloud scenario among public
cloud, which provides access to compute resources through dedicated connections
or the internet; private cloud, which uses a proprietary architecture and keeps
data within the data center; hybrid cloud, which mixes private and public cloud
models and transfers data between the two; and a multi-cloud, where a business
uses infrastructure-as-a-service (IaaS) options from more than a single public
cloud provider. The cloud migration ultimately frees an enterprise IT team from
a load of managing uptime, as placing an application in the cloud is often
considered the most logical step for growth. However, issues associated with
enterprise applications’ cloud compatibility and interoperability and vendor
lock-in situations hamper the market’s shift to a certain extent. On the
contrary, the rise in global cloud expenditures and the high adoption rate of
cloud migration services in the healthcare sector are factors of the worldwide
cloud migration services market opportunity.
The COVID-19 pandemic is expected to
considerably impact the food market since it has highlighted the significance
of safe, healthy, and nutritive eating. The strongly affected dimensions of
food systems during the Covid-19 pandemic are food security, food safety, and
food sustainability. During the pandemic, people ordered meals from restaurants
by using e-commerce websites and apps rather than personally visiting the
restaurants. As a result, the restaurants who are established drive-thru and
pick-up operations were generating more profit than those competitors without.
Moreover, during the pandemic, consumers’ preferences for safety and quality of
food were raised, which has further propelled the manufacturers to assess the
safety parameters of their food products to sustain their product values in the
market
In terms of the adoption of cloud migration,
North America is among the leading innovators and pioneers and holds the
largest share in the market. The region also has a strong foothold on cloud
migration vendors, which adds to its growth. Some companies include IBM
Corporation, Microsoft Corporation, Amazon Web Services Inc., Cisco Systems
Inc., Cognizant Technology Solutions Corporation, and Google Inc., among
others. Over 80% of firms in the region have mentioned seeking cloud migration
for some of their applications next year. The advanced industrial landscape in
the North Americ region has led to the widespread incorporation of AI on
numerous operational levels, leading to a growing need for cloud migration.
Additionally, BYOD has a substantial impact on enterprises, as they realize the
advantages of cost-saving, productivity, and flexibility.
The report on the global cloud migration
services market covers segments such as application, service type, and
vertical. On the basis of application, the sub-markets include project
management, storage management, and performance management. On the basis of
service type, the sub-markets include application load and testing, application
management and monitoring, cloud integration, disaster recovery, professional
services, and managed services. On the basis of vertical, the sub-markets include
BFSI, consumer goods, and retail, government and public sector, healthcare,
manufacturing, telecommunication and IT, travel and hospitality, and others.
The report provides profiles of the companies
in the market such as Amazon Web Services, Cisco Systems, Computer Sciences
Corporation, Google, IBM Corporation, Microsoft Corporation, NTT Data
Corporation, VMware, and WSM International LLC.
The report provides deep insights into the
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter’s five forces analysis and DRO analysis of the
cloud migration services market. Moreover, the study highlights current market
trends and provides forecast from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.