New Report: Cloud Migration Services Market | By Technology Advancements and Future Prospects 2020 to 2025 | Cognizant Technology Solutions Corp., Tech Mahindra, Accenture Plc, Amazon Web Services, Microsoft Corporation

The Cloud Migration Services market was valued at 890 Million US$ in 2018 and is projected to reach 4850 Million US$ by 2025, at a CAGR of 27.4% during the forecast period

Cloud Migration Services refers to the introduction of microprocessors and computer technology to the production of electrical equipment, the formation of intelligent kitchen, electrical products with active monitoring of their own failure and active control and active adjustment and other intelligent functions.

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Cloud Migration Services Market Segmentation:

Top leading Manufactures Profiled in Cloud Migration Services Market Report are:

Cognizant Technology Solutions Corp., Tech Mahindra, Accenture Plc, Amazon Web Services, Microsoft Corporation, Google, Inc., Cisco Systems, Inc., Wsm International Llc, Computer Sciences Corporation, Rackspace Hosting, Inc., Rightscale, Inc., Ntt Data Corporation, Vmware, Inc., Ibm Corporation, Nintec Systems Ltd, And Evolve Ip,

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The report highlights major developments and changing trends adopted by key companies over a period of time. For a stronger and more stable business outlook, the report on the global market carries key projections that can be practically studied.

The global cloud migration service market was valued at USD 3.10 billion in 2017 and is expected to reach a value of USD 9.98 billion by 2023 at a CAGR of 21.50% over the forecast period of 2018-2023. Reducing operational costs, while increasing IT effectiveness, increasing dependence on cloud, and a growing number of initiatives for BYOD by multiple organizations, is set to boost the growth of the global cloud migration services market.

Cloud Migration Services Market Scenario:

A large number of enterprises from various industries have started appreciating and adopting advanced technologies. One of the most popular trends amongst these are industries migrating to cloud. Cloud computing encourages enterprises to serve their clients via the internet while offering a flexible and cost-friendly alternative. However, before migrating to cloud, enterprises need to thoroughly analyze and understand the different aspects of cloud migration, such as financial, security, and technical aspects.

Growing Number of Initiatives for BYOD

BYOD is having a significant impact on the enterprises as they realize the advantages in terms of cost saving, productivity, and flexibility. A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. Mobile workers account for nearly 90% of the workforce in the United States alone. It offers improved productivity and collaboration by tying geographically distributed offices together, integrates and streamlines communications. With the increasingly creative approaches of businesses towards improving workplace satisfaction and productivity, BYOD helps the employees feel balanced while embracing the technology. According to IBM, more than 80% of the employee�s feel smart-phones will become an integral part of the workplace in the future. This inclination of employees and companies towards BYOD is leading to the growth of the market as it requires cloud migration services.

Key Developments in the Market

� November 2017: IBM acquired Vivant Digital Business to address the growing needs of clients seeking transformation through digital reinvention.
� November 2017: Cisco and INTERPOL agreed to share threat intelligence as a first step in fighting cyber crimes jointly. This alliance is expected to witness two organizations develop a coordinated and focused approach towards sharing data.

The key insights of the Cloud Migration Services Market report:

─The report provides key statistics on the market status of the Cloud Migration Services market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

─The report provides a basic overview of the industry including its definition, applications and manufacturing technology.

─The Cloud Migration Services market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.

─The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

─The report estimates 2020-2023 market development trends of Cloud Migration Services Market.

─Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out

─The report makes some important proposals for a new project of Cloud Migration Services Industry before evaluating its feasibility.

The research includes historic data from 2015 to 2020 and forecasts until 2023 which makes the report an invaluable resource for company executives, marketing executive, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

In conclusion, Cloud Migration Services market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Cloud Migration Services Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.