What is Cloud Migration Market?
The cloud migration market is expected to expand in the future due to the increasing demand for cloud computing and the growing need for agility and automation. The process of shifting digital business processes to the cloud is known as cloud migration. BFSI, healthcare, retail, government, IT and telecommunications, manufacturing, and other industries are all using cloud migration. Demand is being driven by the flexibility in accessing data and advanced technology that helps businesses improve working policies and reach goals in a short amount of time.
The market study is being classified, by Application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies with country level break-up.
Oracle Corporation (United States), Microsoft Corporation (United States), IBM Corporation (United States), Google Inc. (United States), Cisco Systems (United States), NTT Data (Japan), RiverMeadow Software (United States), Rackspace US (United States), Informatica (United States) and OVH US LLC (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are WSM (United States), Virtustream (United States) and OpenStack (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Migration market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cloud Migration market by Type, Application and Region.
On the basis of geography, the market of Cloud Migration 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of Artificial Intelligence and Machine Learning
- Acceptance of Cloud from Large Organizations
Restraints
- Complexity and Interoperability Issues
Opportunities
- High Adoption Rate of Cloud Migration Services in End-User Industries
- Increasing Number of Enterprises
Challenges
- Security is a Concern During and After Migration
Market Leaders and some development strategies
In Sept 2019, RiverMeadow Software® Inc.announced that it has worked with Cambridge University Press® to successfully move its entire server estate to Amazon Web Services (AWS).
In July 2019, Tata Consultancy Services (TCS) has announced the successful completion of a large-scale cloud migration project for Randstad, a global leader in the HR services industry.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry