Cloud Migration Market Insights, Current And Future Market Trends & Forecast Till 2027

 

The GMI Research expects the cloud migration market to expand at a significant rate. From a regional perspective, North America is projected to lead the market due to the strong presence of many enterprises with advanced IT infrastructure, the increasing economic development, and rising BFSI and healthcare sectors.

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Cloud Migration Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global cloud migration market is projected to experience strong demand over the coming years due to the high adoption of technologies, such as artificial intelligence, IoT, and 5G network among industries, the growing penetration of internet and mobile devices, and continuously growing volume and complexity of data. As per the cloud migration market statistics, the rising adoption of cloud migration services among industries, such as IT, healthcare, BFSI, communication, and manufacturing, among others, due to the requirement for business agility and automation, is further augmenting the growth of the cloud migration market size.

According to the cloud migration market report, the emerging trend of BYOD (Bring Your Own Device) and work from home among business players is projected to boost the migration of workloads to the cloud environment to enhance resource utilization, maintain operational efficiency, decrease IT capital expenses, and offer remote access to the on-premises data. On the other hand, the factor hindering the growth of the market include the rising concerns pertaining to data privacy and security. However, cloud platform lock-in and cloud interoperability will hamper the growth of the cloud migration market.

Service Type Segment Drivers

Based on the service type, the platform as a service (PaaS) is expected to lead the market due to its quick deployment, flexibility, improved security, easy access, and low cost. Several popular PaaS providers, such as Google App Engine, Microsoft Azure App Services, Red Hat OpenShift, AWS Elastic Beanstalk, and IBM Cloud, are the major factors accelerating the growth of the market.

Cloud Migration Market’s leading Manufacturers:

·        Cisco Systems, Inc.

·        Amazon Com, Inc.

·        Accenture Plc

·        Microsoft Corporation

·        International Business Machines Corporation

·        Alphabet, Inc.

·        Rackspace Technology, Inc.

·        Vmware, Inc.

·        RiverMeadow Software, Inc.

·        NTT Data Corporation

Cloud Migration Market Segmentation:

Segmentation by Deployment Type:

·        Public Cloud

·        Private Cloud

·        Hybrid Cloud

Segmentation by Enterprise Size:

·        Small and Medium Enterprises (SMEs)

·        Large Enterprises

Segmentation by Service Type:

·        PaaS

·        IaaS

·        SaaS

Segmentation by End-User:

·        BFSI

·        Healthcare

·        Retail

·        Government

·        IT and Telecommunication

·        Manufacturing

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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