The global cloud migration market for cloud migration is estimated to have considerable CAGR of 26.5% during the forecast period. The major factor that propels the market growth is the significant adoption of cloud computing services in enterprises for better business outcomes through cost effective cloud migration services. Hybrid cloud is becoming increasingly widespread and thus organizations require functional solutions that assist in obtaining the advantages of strategic workload allocation. With the rise witnessed in cloud migration services, organizations now have the prospect to create hybrid cloud environments with having to splurge any penny for in-house data centers. Therefore with the adoption of hybrid cloud the cloud migration services is increasingly adopted by the enterprises that further contribute in the growth of the market.
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Through collaboration, the reliance on on-premises private cloud servers can be reduced significantly and companies can accumulate a strong portfolio of private servers that are handled by a skilled cloud services provider. Such collaborations can assist in maintaining a huge presence in the market for small and mid-sized organizations, enabling them to take advantage of everything a cloud approach has to offer. Even in the large-sized organizations that already possess private and public cloud infrastructures, migration can certainly assist in capitalizing on their existing data centers and cutting expenditures with strategic off-site hosting simultaneously.
Moreover, the significant adoption of cloud migration services in various sector such as IT & telecom, BFSI, and healthcare further contribute in the market growth. Cloud migration assists the telecom companies to accomplish their objectives of sustainability and growth and make a responsive IT infrastructure complementing their business imperatives. Some of the advantages of implementing migration services in telecom include security enhancement, improved customer engagement, improved efficiency, cost-benefit, compliance support, and competitive advantage over rival companies. Therefore IT & telecom sector has significant adoption of automation and agility services that further contribute in the cloud migration market.
Moreover, healthcare organizations can benefit from the migration services that include a range of comprehensive solutions and expertise to support their management and operations. These can include data migration, data backup, disaster recovery and storage, offsite tape vaulting, asset tracking and disposition, and many others. Working with an experienced cloud service provider can simplify the initial problems in migrating the IT infrastructure at the provider’s facility. The healthcare organizations can benefit from the experience of the cloud service provider to manage the infrastructure and organization policies in adherence to the stringent compliance and regulatory guidelines. All-time support and regular updates and upgrades related to the infrastructure can facilitate a healthcare organization to reduce its operational costs, increase productivity, develop compliance preparedness, and prepare a more strategic and coordinated approach to deliver healthcare IT services.
Global Cloud Migration Market Segmentation
By Deployment Type
By Industry
Global Cloud Migration Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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