Cloud Migration Services Market Projected to Witness Vigorous Expansion by 2027

The Cloud Migration Services Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Cloud Migration Services Market: Drivers and Challenges

Cloud migration is becoming popular amongst SMEs as well as large enterprises owing to the fact that it offers a cost-effective alternative and business agility. Moreover, cloud computing enables enterprises to offer improved IT services in a shorter duration of time, hence enhancing business efficiency. Furthermore, many could service providers are introducing new payment schemes, such as pay-as-you-go model, in order to promote cloud services amongst SMEs. These factors are expected to significantly drive the growth of cloud migration services market. However, many enterprises are reluctant to migrate to cloud as they associate cloud migration services with increase in expenditure, such as those pertaining to licensing and the dismissal of existing data centers. These are a few factors that are expected to act as restrain for cloud migration services market.

Cloud Migration Services Market: Key Players

Some of the key players in cloud migration services market include Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc. and Cognizant Technology Solutions Corp. among others. Majority of the players follow business strategies such as merger and acquisition, price differentiation, product introduction and partnerships to gain a competitive edge.

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Cloud Migration Services Market: Regional Outlook

North America is expected to dominate cloud migration services market, owing to their developed IT and telecommunications infrastructure, followed by Western Europe. However, cloud migrations services market in Asia Pacific excluding Japan and Japan are expected to witness rapid growth owing to the increasing number of SMEs in these regions and increasing penetration of advanced technologies.

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