Global Cloud Migration Market Analysis to 2027 Lead By Accenture, Amazon, Cisco, Cognizant, DXC Technology, Google, IBM, Microsoft, Rackspace US, SAS Institute
Some of the leading players in Global Cloud Migration Market are Accenture PLC, Amazon Web Services Inc, Cisco Systems Inc, Cognizant Technology Solutions Corporation, DXC Technology, Google Inc, IBM Corporation, Microsoft Corporation, Rackspace US INC, SAS Institute Inc
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The 21st century has witnessed an explosion of data post the boom of internet and dot com revolution. Large businesses depend on computers to store and process vital consumer data. The physical storage drives available in the market have proven to be insufficient for storing large data for companies. A new cloud-based model for data storage that provides abundant space and higher level of security has emerged in the last few years. The cloud storage is less expensive and it reduces the burden of any organization by allowing them to focus on their core operations. Many small and large enterprises have been migrating data, applications, and different business elements to the cloud computing environment from the existing traditional computing environments.
Advantages such as faster and easier deployment along with scalability flexibility, and the rising demand from businesses to lower capital and operational expenditures are anticipated to boost the cloud migration market globally. Concerns around the compatibility of various enterprise applications in the cloud are one of the major restraining factors in the cloud migration market. Growing market attractiveness in emerging industry verticals especially healthcare is anticipated to further provide good opportunities to the players operating in the cloud migration market.
The global cloud migration market is segmented on the basis of service, application, and end-user. On the basis of service, the cloud migration market is segmented into Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS). The cloud migration market on the basis of the application is classified into project management, compliance and security management, and infrastructure management. Based on end-user, the cloud migration market is segmented into BFSI, retail, healthcare, IT and Telecom, manufacturing, government, and others.
The report analyzes factors affecting the cloud migration market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cloud migration market in these regions.
The reports cover key developments in the cloud migration market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from cloud migration market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud migration in the global market. Below mentioned is the list of few companies engaged in the cloud migration market.
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