Cloud Migration Market 2020 is Expected to Exhibit Significant Growth Rate Over 2024 by - Amazon, Accenture, Cisco, Google, Evolve Media, LLC , Oracle, IBM

Global "Cloud Migration Market" Report 2020-2024 delivers important insights and provides a complete analysis of key market trends, dynamics, the future scope of the industry. The Cloud Migration market study offers details regarding the valuable estimations of the market such as market size, sales capacity, and profit projections. The report offers a widespread analysis of key drivers, leading market players, key segments, and regions. Also, the specialists have deeply deliberate different geographical areas and presented a competitive scenario to assist new entrants, leading market players, and investors to determine emerging economies.

Cloud Migration market size report contains growth rate, revenue, segmentation with product type, application, end-users, regions, manufacturers, and more.

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Market Overview:
o Over the past decade, cloud computing adoption is on rising owing to increasing investments from small and medium enterprises. Globally, many organizations already tapped into the power of the cloud to take advantage of the benefits. According to a study published by CenturyLink, a telecommunications company, globally the cloud computing technology is expected to generate revenue of USD 411 billion by 2020.
o The major reasons for migrating to the cloud are scalability, increased effectiveness, faster implementation, mobility, and disaster recovery, among others. Major companies are offering cloud disaster recovery feature to their customers, aiding them to expand their businesses.
o Cloud migration is also gaining popularity for its real-time experience, business elements, and accessibility to the on-premise data. This technology also aid to set up and work on the basis of several units in minimal time.
o Furthermore, the migration of data is easy to store and access at a low cost, and it enhances its productivity or efficiency. According to Contegix LLC, in 2018, the average enterprise used a staggering 1,427 distinct cloud services, a threefold increase from that in 2013.

Top Key Players in The Cloud Migration Market Report Are:
o Accenture PLC
o Amazon Inc.
o Cisco Systems Inc
o Cognizant Technology Solutions Corp
o DXC Technology
o Evolve IP LLC
o Google LLC
o IBM Corporation
o Microsoft Corporation
o Oracle Corporation
o Rackspace Hosting Inc.
o Rightscale Inc.(Flexera)
o Tech Mahindra Ltd
o VMware Inc.
o WSM International LLC

Scope of the Report:

Cloud migration is the process of moving data, applications or other business elements to a cloud computing environment. There are various types of cloud migrations an enterprise can perform. One common model is the transfer of data and applications from a local, on-premises data center to the public cloud. However, a cloud migration could also entail moving data and applications from one cloud platform or provider to another -- a model known as cloud - to cloud migration.

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Key Market Trends:

Digital Connectivity is Fueling SMEs to Access Cloud-Based Apps and Software

Migrating one service at time to the cloud is a good start for small and medium-sized enterprises (SMEs) in using cloud computing services. cloud-based services help small businesses to reduce costs and give them access to IT services, which were once only available to large enterprises. The use of cloud migration is becoming increasingly important in the business world. Its inception was commenced from small businesses using cloud migration service for their data managing purposes, as SMEs are more complex and have low barriers to adopting changes.
Digital connectivity is fueling better business outcomes and making it easier for SMEs to access cloud-based apps and software, to enhance productivity and growth. Furthermore, cloud-based services not only reduce capital expenditure and software costs but also provide a scalable, agile infrastructure that can support SMEs' seasonal peaks and troughs. Apart from that, the rising cloud computing among SMEs, especially in emerging economies, is also boosting the segment's growth over the forecast period. For instance, in 2018, SMEs in Malaysia and other 21 countries in the region got access and support to the cloud solutions and resources for digital transformation, with the opening of Oracle's first digital hub in Southeast Asia. The percentage of IT budgets allocated to cloud computing are increasing, especially by small to medium businesses. The rise in spending is expected to boost the segment's growth over the forecast period.

North America Driving the Cloud Migration Market

North America is among the leading innovators and pioneers, in terms of adoption for cloud migration, is the largest market. The region has a strong foothold of cloud migration vendors, which adds to the growth of the market. Some of them include IBM Corporation, Microsoft Corporation, SAS Institute Inc., Amazon Web Services Inc., Cisco Systems Inc., Cognizant Technology Solutions Corporation, and Google Inc. among others.
Recently, in November 2018, IBM corporation launched new services to help organizations accelerate the complex process of modernizing and migrating applications to cloud, and adopt the hybrid, multi-cloud strategy to speed up the business transformation. With new enhancements available in the IBM Cloud Migration Factory, IBM services introduced new automation tools, to reduce the time of modernizing and moving an organization's data, infrastructure, applications, and workloads.
The advanced industrial landscape in the region has led to widespread incorporation of AI on numerous operational levels, leading to a growing need for cloud migration. Additionally, BYOD is having a substantial impact on the enterprises, as they realize the advantages in terms of cost saving, productivity, and flexibility.

Key Questions Answered in The Report:
o What will the Cloud Migration market growth rate?
o What are the key factors driving the global Cloud Migration market?
o Who are the key manufacturers in Cloud Migration market space?
o What are the market opportunities, market risk and market overview of the Cloud Migration market?
o What are sales, revenue, and price analysis of top manufacturers of Cloud Migration market?
o Who are the distributors, traders and dealers of Cloud Migration market?
o What are the Cloud Migration market opportunities and threats faced by the vendors in the global Cloud Migration Industry?
o What are sales, revenue, and price analysis by types and applications of Cloud Migration Industry?
o What are sales, revenue, and price analysis by regions of Cloud Migration industry?

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Detailed TOC of Global Cloud Migration Market Trends, Status and Forecast 2020-2024

1 INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
1.3 Study Deliverables

2 RESEARCH METHODOLOGY
2.1 Research Phases
2.2 Analysis Methodology

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing benefits of cloud to organizations
4.3.2 Increasing use of byod
4.4 Market Restraints
4.4.1 Data security and application interoperability issues
4.5 Industry Attractiveness Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Industry Policies

5 TECHNOLOGY SNAPSHOT

6 MARKET SEGMENTATION
6.1 By Type of Deployment
6.1.1 Public
6.1.2 Private
6.1.3 Hybrid
6.2 By Enterprise Size
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 By Type of Service
6.3.1 PaaS
6.3.2 IaaS
6.3.3 SaaS
6.4 By End-user Vertical
6.4.1 BFSI
6.4.2 Healthcare
6.4.3 Retail
6.4.4 Government
6.4.5 IT and Telecommunication
6.4.6 Manufacturing
6.4.7 Other End-user Verticals
6.5 Geography
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa

7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Accenture PLC
7.1.2 Amazon Inc.
7.1.3 Cisco Systems Inc
7.1.4 Cognizant Technology Solutions Corp
7.1.5 DXC Technology
7.1.6 Evolve IP LLC
7.1.7 Google LLC
7.1.8 IBM Corporation
7.1.9 Microsoft Corporation
7.1.10 Oracle Corporation
7.1.11 Rackspace Hosting Inc.
7.1.12 Rightscale Inc.(Flexera)
7.1.13 Tech Mahindra Ltd
7.1.14 VMware Inc.
7.1.15 WSM International LLC

8 INVESTMENT ANALYSIS

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

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