Global Cloud Migration Market Size to Reach Valuation of $539.38 Bn by 2028| AWS, IBM, and Microsoft top Providers | Introspective Market Research

Market Overview:

The Global Cloud Migration is expected at USD 136.65 Billion in the year 2021 and is predicted to reach USD 539.38 Billion by 2028, with a CAGR of 21.67% over the forecasted period.

The process of migrating programs, data, and other resources from local infrastructure to cloud-based solutions is known as cloud migration. Migration to the cloud has become more widespread as a result of advances in digital technology, increased internet access, and cloud-based service providers. Migrating to the cloud can save businesses and organizations money, make their operations more scalable, increase their flexibility, and make it simpler to access their data from any location. On-premises equipment, which is vulnerable to both physical damage and cyberattacks, cannot compare to the level of security and dependability offered by cloud-based solutions.

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• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics:

Driver:

The growth of cloud and industrialized services and the decline of traditional data center outsourcing (DCO) indicate a massive shift toward hybrid infrastructure services. While the conventional DCO market is shrinking, spending on colocation and hosting, along with infrastructure utility services, is increasing rapidly. This is expected to drive the shift toward cloud IaaS and hosting. The growing demand for cloud migration services is attributed to increased scalability, flexibility, remote collaboration, task automation, improved mobility, and robust data protection. Furthermore, the growing network of connected devices has resulted in massive data growth. As a result, the growing need for a low-cost data storage solution is projected to increase the use of cloud migration services.

Opportunities:

New business prospects have emerged in the cloud migration sector as a result of the rapid increase of internet connectivity and digitization. There is a growing demand for cloud-based solutions that can assist businesses and organizations in storing and managing their data in a manner that is both more efficient and safer as a growing number of companies and organizations are adopting digital technology.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Segmentation Analysis of the Cloud Migration Market

By Service, the SaaS segment is anticipated to dominate the Cloud Migration. The SaaS category includes well-known applications such as Google Apps, Salesforce, and GoToMeeting.

By Deployment, the Hybrid segment is expected to dominate the Cloud Migration. Businesses may increase computer resources and avoid spending a lot of money to meet sudden spikes in demand by utilizing a hybrid cloud.

By End-User, the BFSI segment accounted for the largest share in the end-user segment. Banking and Financial organizations are also accelerating the migration toward cloud solutions owing.

By Service
• SaaS
• PaaS
• IaaS

By Deployment
• Private
• Public
• Hybrid

By End Users
• Manufacturing
• BFSI
• IT & Telecom
• Retail
• Healthcare
• Logistics

Regional Analysis for the Cloud Migration Market
North America is likely to dominate the Cloud Migration Due to the region's rising internet penetration and rapid acceptance of modern technologies like artificial intelligence and machine learning, it can be said that advanced technologies like these have spread quickly throughout the area. According to IMB, 95% of firms in North America have moved their crucial IT infrastructure and apps to the cloud. Additionally, over 80% of local businesses plan to migrate some of their apps to the cloud in the upcoming year.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Top Key Players Covered In Cloud Migration Market
• Oracle Corporation
• Microsoft Corporation
• IBM Corporation
• Amazon Web Services
• Google Inc.
• Cisco Systems
• RiverMeadow Software
• Rackspace US
• Informatica
• OVH US LLC

Key Industry Developments In The Cloud Migration Market

March 2021, With the introduction of new Oracle Cloud Lift Services, Oracle Inc. clients now have greater access to technical expertise and cloud engineering tools for expeditious workload migration to Oracle Cloud Infrastructure (OCI). All current and future Oracle Cloud customers globally are now able to use these resources from Oracle at no additional cost.

December 2021, Deloitte agreed to buy nearly all of e BIAS's assets. BIAS is a leader in the Oracle Cloud Infrastructure (OCI) sector with skilled cloud specialists situated in the US and India.

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