Cloud Migration Service Market Opportunity, Demand, Recent Trends, Major Driving Factors And Business Growth Strategies 2019-2026

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Cloud Migration Services Market Outlook-2026

Cloud migration service is a process of transitioning an enterprise data, infrastructure, applications, and many other business processes to the cloud. This is primarily done to bridge the gap between business demand and IT capacity. These services can also be used to migrate from one cloud platform or service to another. Cloud migration process identifies the areas of risk and mitigates them, also identifies opportunities to maximize performance and availability of critical business functions to lead future business growth of an organization. These services are widely adopted to ensure the ease and speed of cloud migration process and to increases availability of third-party tools and pre-defined templates designed for organization specific workloads. Migration from on-premise workloads to cloud infrastructure provide benefits such as cost reduction, optimized performance, scalability, and regulatory compliance. These services generally follow phased approach for cloud migration, which includes cloud assessment phase, proof of concept phase, data migration phase, application migration phase, leverage the cloud phase, and optimization phase. Hence, the global cloud migration services market growth is expected to rise at a significant rate.

Surge in investment in infrastructure migration to increase business process agility and automation, and rise in awareness about business continuity & ROI realization by cloud migration are the major factors that drive the growth of the global cloud migration services market. Businesses around the globe are witnessing positive revenue impact due to digitalization, which in turn propels the demand for cloud migration services as it has proven framework and execution approach with up to 70% automation toolset-based migration benefit. In addition, need to reduce capital expenditure is also boosting the market growth. However, legacy application compatibility issues and vendor lock-in are the major barriers for cloud computing adoption, which in turn can restraint growth.

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The global cloud migration services market is segmented based on service type, deployment, enterprise size, application, industry vertical, and region. Based on service type, it is classified into DevOps, disaster recovery, managed services, training and consulting, support and maintenance, automation and integration, and application hosting and monitoring. Based on deployment, the market is categorized into public cloud, private cloud, and hybrid cloud. Based on enterprise size, it is bifurcated into large enterprises and small & medium enterprises (SMEs). Based on application, it is classified into project management, infrastructure management, compliance and security management, and others. Based on industry vertical, it is divided into manufacturing, energy & utilities, media & entertainment, retail, IT & telecommunications, healthcare & life sciences, banking, financial services & insurance (BFSI), and others. Based on region, the cloud migration services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global cloud migration services market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the global cloud migration services market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global cloud migration services industry.
  • The quantitative analysis of the global cloud migration services market from 2019 to 2026 is provided to determine the market potential.

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KEY MARKET SEGMENTS

BY SERVICE TYPE

  • DevOps
  • Disaster Recovery
  • Managed Services
  • Training and Consulting
  • Support and Maintenance
  • Automation and Integration
  • Application Hosting and Monitoring

BY DEPLOYMENT 

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

BY ENTERPRISE SIZE

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

BY APPLICATION

  • Project Management
  • Infrastructure Management
  • Compliance and Security Management

BY INDUSTRY VERTICAL

  • Manufacturing
  • Energy & Utilities
  • Media & Entertainment
  • Retail
  • IT & Telecommunications
  • Healthcare & Life Sciences
  • Banking, Financial Services & Insurance (BFSI)

KEY MARKET PLAYERS PROFILED IN THE REPORT

  • Google LLC
  • VMware, Inc.
  • Rackspace, Inc.
  • Informatica, Inc.
  • IBM Corporation
  • Cisco Systems, Inc.
  • NTT Data Corporation
  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • DXC

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