The global market for cloud migration is projected to have considerable CAGR of 26.5% during the forecast period. The major factors that propels the cloud migration market include the growing adoption of cloud computing services, coupled with growing number of cloud migration services across the various industries such as BFSI, retail, IT & telecom. Building a new application on cloud platform minimizes the time require for its deployment. Unlike the data center in most of the organizations, cloud platform enables their users to submit an application within weeks, and then ensure the successful running of the application immediately. Cloud services eliminated the wait to run the application after its deployment, which results in business benefits. Moreover, the small and medium enterprises (SMEs) are adopting cloud migration services due to cost effectiveness, flexibility, ease of operations and other benefits that further encourages the demand of cloud migration services and propels the market growth.
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The global cloud migration market is segmented based on deployment type and industry. Based on the deployment type, the market is further classified into public cloud, private cloud, and hybrid cloud. The hybrid segment is projected to grow at a significant CAGR during the forecast period. The various industries such as retail, IT & telecom are adopting hybrid cloud services due to cost effectiveness and scalability benefits. On the basis of industry the market is further segregated into BFSI, IT & telecom, government, retail & consumer goods, healthcare, and other.
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Market Segmentation
Global Cloud Migration Market by Deployment Type
• Public Cloud
• Private Cloud
• Hybrid Cloud
Global Cloud Migration Market by Industry
• BFSI
• IT & Telecom
• Government
• Retail & Consumer Goods
• Healthcare
• Other(Manufacturing)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Amazon Web Services, Inc.
• Accenture PLC
• Cisco Systems, Inc.
• Cognizant Technology Solutions Corp.
• DXC Technology Co.
• Evolve IP, LLC
• Google LLC
• IBM Corp.
• Informatica LLC
• Microsoft Corp.
• NTT DATA, Inc.
• Oracle Corp.
• Rackspace US, Inc.
• RiverMeadow Software, Inc.
• VMware, Inc.
• Virtustream LLC
• WSM International LLC
• Zerto Ltd.
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