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Explore leading players in the global cloud migration services market project to grow at a CAGR of 23.9% and would reach USD 7.06 billion by 2021

The cloud migration services market size is estimated to grow from USD 2.42 billion in 2017 to USD 7.06 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9% from 2017 to 2021.The cloud migration services market is driven by factors such as increased migration of workloads to cloud environment by Small and Medium Enterprises (SMEs) and the inclination of enterprises toward improved security & increased business agility. Fear of vendor lock-in, risk of data loss, and cloud interoperability are some of the major restraints and challenges in the market.

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The cloud migration services market size is estimated to grow from USD 2.42 billion in 2017 to USD 7.06 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9% from 2017 to 2021.The cloud migration services market is driven by factors such as increased migration of workloads to cloud environment by Small and Medium Enterprises (SMEs) and the inclination of enterprises toward improved security & increased business agility. Fear of vendor lock-in, risk of data loss, and cloud interoperability are some of the major restraints and challenges in the market.

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Growing trend of workload migration to cloud, demand for strategic business processes, and the need for reduced operational costs are driving the cloud migration services market

Professional services segment to have high growth rate during the forecast period Professional services segment includes training & consulting and support & maintenance. Migration consulting service providers identify the workloads that are fit for migration on cloud environment, thus, saving on resources and costs before migrating the entire workload.

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Training services aim at providing various education programs to mitigate the knowledge gaps. The support, training, and maintenance services segment provides customer-support abilities to the industry verticals in case of security threats and privacy breaches.

Companies actively provide online training resources such as user guides, blog articles, white papers, video instructions, and forums to their clients.

The report covers detailed information regarding the major factors influencing the growth in the cloud migration services market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the cloud migration services market.

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