Cloud Migration Services Market Scope
Cloud migration refers to the process of moving applications, data and other business components to a cloud computing environment. One of the common models is the transfer of applications and data from an on-premises data center to the public cloud. Based on the deployment model public cloud expected to gain maximum market share owing to increasing adoption by enterprises for developing better techniques to reduce cost and enhance operational profits.
According to AMA, the Global Cloud Migration Services market is expected to see growth rate of 20.91%
The number of players is present in the cloud migration service market hence fragmented nature of the market. Some of the major players of the market are Amazon Web Services, IBM, Microsoft, Google, Cisco Systems and others. Market leaders are focusing on technological developments owing to increasing demand for cloud compliance, uninterrupted business processing, and others. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Migration Services market throughout the predicted period.
Amazon Web Services (United States), IBM (United States), Microsoft (United States), Google (United States), Cisco Systems, NTT Data (Japan), DXC (United States), VMware (United States), Rackspace (United States), Informatica (United States), Cognizant Technology Solutions Corp. (United States), WSM Communications Group Limited (United Kingdom), Zerto Inc. (United States), Virtustream Inc. (United States), RiverMeadow Software, Inc. (United States) and OpenStack, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Virtustream Inc. (United States) and RiverMeadow Software, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cloud Migration Services market by Type (Infrastructure Migration, Data Migration, Platform Migration, Application Migration and Others), by Application (Project Management, Infrastructure Management, Compliance and Security Management and Others) and Region with country level break-up.
On the basis of geography, the market of Cloud Migration Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
17th January 2019, "IBM Approves 325 Million Dollar Cloud Deal with Juniper Networks, the networking company that provides software-defined networking capabilities to manage cloud transitions of applications, infrastructure, data center, IT Services and help manage cloud migrations services for Juniper Networks."
Market Trend
- Pay-As-You-Go Model to Promote Cloud Migration Services amongst SMEs
- Emphasizing On Reducing Capital and Operational Expenditure for Organizations
Market Drivers
- Increasing Use of Cloud Migration Services between Operation and Development Teams within an Enterprise.
- Easier and Faster Deployment of Cloud Migration Services
Opportunities
- Rising Demand for Security and Compliance Management among Organizations
- Increasing Adoption of Cloud Migration Services in both SMEs and Large Enterprises
Restraints
- Lack of Technical Expertise to Adopt New Technology
Challenges
- Integration of Cloud Technology with Other Enterprise Applications
Key Target Audience
Training and Consulting Service Providers, Cloud Migration Services Vendors, Cloud Service Providers, Telecom Service Providers, System Integrators, Cloud Service Providers, Government Agencies and Managed Service Providers