Cloud Migration market is driven by rise in awareness regarding cloud technology and low cost offered by cloud solutions. Cloud migration helps in transferring on-premise data, applications and other business elements to cloud or from one cloud to another cloud.
It is well-known fact that many companies today around the world are looking to switch to cloud-based solutions for their businesses. One of the newest and popular terms in the organizations is cloud migration, which is growing rapidly.
Cloud migration services are helping those organizations who need to store their data more efficiently. Recently, a new insightful study titled “Cloud Migration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been added to the repository of Market Research Hub (MRH), which reveals that the global market will exhibit a CAGR of 9.76% between 2017 and 2025.
Key Insights from the Study
Cloud migration is becoming an increasingly popular technology to transfer real-time, on-premise data and business elements to the cloud. It offers the flexibility and dynamic technologies vital to help companies attain targets within indicated time periods.
As more companies come to realize the benefits of cloud migration, the market will witness a significant rise in demand. According to the report key evaluations, the global cloud migration market, which was valued at US$5719.4 mn in 2016, is likely to reach US$13,266.8 mn by the end of 2025.
The report offers detailed insights on the key factors that are driving the demand for cloud migration during the assessment period. There is also an inclusion of Porter's five forces analysis about the industry competition, market dynamics and the most profitable segments in the market.
As mentioned in the report, the global market for cloud migration provides a clear view by categorizing into segments by enterprise size, end-use industry, deployment and regions. The enterprise segment is further segmented into two parts namely-small and medium business (SMB) and large enterprises.
Amongst, the SMB regions is expected to hold a significant market share through 2025.
Cloud Migration market is driven by the rise in awareness regarding cloud technology and low cost offered by cloud solutions. Major end-user are BFSI, Manufacturing, Government, Retail, IT & Telecommunication and Healthcare.
Geographically, the report forecasts & analyzes the market of cloud migration on the global, regional and country levels. North America, Europe, Asia-Pacific, South America and Middle East & Africa (MEA), are the focused regions in the study.
Each of these segments is studied in terms of several factors such as revenue comparison, market share comparison and market size.
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In the concluding section, the report presents information on the global cloud migration competition landscape. It includes data related to the market players, which has been highlighted in terms of key financials, product overview, SWOT analysis, key developments, as well as company overview of the various market players.
The prime players profiled in this report include IBM Corporation, Oracle Corporation, Microsoft Corporation, Rackspace US, INC., Amazon Web Services, Inc., Informatica LLC, Google Inc., Cisco Systems, Inc., RiverMeadow Software, Inc.., and OVH US LLC among others.
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