Cloud Migration Services Market Top Impacting Factors 2020 | Google LLC, VMware, Inc., Rackspace, Inc., Informatica, Inc., IBM Corporation, Cisco Systems, Inc

Cloud migration service is a process of transitioning an enterprise data, infrastructure, applications, and many other business processes to the cloud. This is primarily done to bridge the gap between business demand and IT capacity. These services can also be used to migrate from one cloud platform or service to another. Cloud migration process identifies the areas of risk and mitigates them, also identifies opportunities to maximize performance and availability of critical business functions to lead future business growth of an organization. These services are widely adopted to ensure the ease and speed of cloud migration process and to increases availability of third-party tools and pre-defined templates designed for organization specific workloads. Migration from on-premise workloads to cloud infrastructure provide benefits such as cost reduction, optimized performance, scalability, and regulatory compliance. These services generally follow phased approach for cloud migration, which includes cloud assessment phase, proof of concept phase, data migration phase, application migration phase, leverage the cloud phase, and optimization phase. Hence, the global cloud migration services market growth is expected to rise at a significant rate.

Surge in investment in infrastructure migration to increase business process agility and automation, and rise in awareness about business continuity & ROI realization by cloud migration are the major factors that drive the growth of the global cloud migration services market. Businesses around the globe are witnessing positive revenue impact due to digitalization, which in turn propels the demand for cloud migration services as it has proven framework and execution approach with up to 70% automation toolset-based migration benefit. In addition, need to reduce capital expenditure is also boosting the market growth. However, legacy application compatibility issues and vendor lock-in are the major barriers for cloud computing adoption, which in turn can restraint growth.

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The global cloud migration services market is segmented based on service type, deployment, enterprise size, application, industry vertical, and region. Based on service type, it is classified into DevOps, disaster recovery, managed services, training and consulting, support and maintenance, automation and integration, and application hosting and monitoring. Based on deployment, the market is categorized into public cloud, private cloud, and hybrid cloud. Based on enterprise size, it is bifurcated into large enterprises and small & medium enterprises (SMEs). Based on application, it is classified into project management, infrastructure management, compliance and security management, and others. Based on industry vertical, it is divided into manufacturing, energy & utilities, media & entertainment, retail, IT & telecommunications, healthcare & life sciences, banking, financial services & insurance (BFSI), and others. Based on region, the cloud migration services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

This report provides the profiles of the key players in the global cloud migration services market, which include Google LLC, VMware, Inc., Rackspace, Inc., Informatica, Inc., IBM Corporation, Cisco Systems, Inc., NTT Data Corporation, Microsoft Corporation, DXC, and Amazon Web Services, Inc.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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