Cloud Migration Services Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Cloud Migration Services Market is expected to grow from $3.35 billion in 2017 to reach $20.65 billion by 2027 with a CAGR of 22.4%.

Gaithersburg, Maryland, US - March 7, 2018 /MarketersMedia/ —

Rising awareness about business continuity, rising penetration of cloud computing & technological advancements, adopting improved security, flexibility, and reducing operational costs are some of the key factors fostering the market growth. However, factors such as fear of vendor lock-in and lack of stringent SLAs are inhibiting the market.

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Cloud migration is the process of partially or completely deploying an organization's digital assets, services, IT resources or applications to the cloud. The migrated assets are accessible behind the cloud's firewall. It is also known as business process outsourcing (BPO), which may entail a migrating total organizational infrastructure, where computing, storage, software and platform services are transferred to the cloud for access.

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The adoption of cloud services among Small and Medium-sized Enterprises (SMEs) have become a central part of the business process, owing to the ease of use and the flexibility they offer, and is expected to grow in the coming years. Asia-Pacific is estimated to grow at the highest CAGR during the forecast period due to the increased spending on Information Technology (IT) infrastructure.

Some of the key players in the Cloud Migration Service Market include IBM, Cisco, Informatica, Microsoft, Google, NTT Data, Vmware, Rackspace, DXC, WSM, Rivermeadow, Virtustream, Openstack, Zerto and AWS.

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Deployment Models Covered:
• Private Cloud
• Hybrid Cloud
• Public Cloud

Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises

Applications Covered:
• Infrastructure Management
• Compliance and Security Management
• Project Management
• Other Applications

Service Types Covered:
• Training and Consulting
• Managed Services
• Support and Maintenance
• Automation and Integration
• Application Hosting and Monitoring
• Devops
• Disaster Recovery

End Users Covered:
• Media and Entertainment
• Government and Public Sector
• Telecommunications and ITES
• Banking, Financial Services, and Insurance
• Healthcare and Life Sciences
• Manufacturing
• Consumer Goods and Retail
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 309712