Press release
Cloud Migration Market 2022 Advancements and Precise Outlook - Acce-nture PLC, Amazon Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp
The Cloud Migration Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Cloud Migration market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Cloud Migration market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Cloud Migration market.The cloud migration services market was valued at USD 119.13 billion in 2019 and is expected to reach USD 448.34 billion by 2027, at a CAGR of 28.89% over the forecast period 2022 - 2027.
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Top Leading Companies of Cloud Migration Market are - Acce-nture PLC, Amazon Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp, DXC Technology, Evolve IP LLC, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Hosting Inc., Rightscale Inc. (Flexera), Tech Mahindra Ltd, VMware Inc., WSM International LLC and others.
Industry News and Updates:
- February 2022 - Amazon Web Services, Inc. announced that 3M Company is shifting its enterprise IT infrastructure to AWS. As part of its IT transformation initiative, 3M is migrating its enterprise resource planning (ERP) system, including accounting, supply chain management, manufacturing, product lifecycle management, and e-commerce business-critical enterprise IT applications, to the world's leading cloud. 3M will upgrade its infrastructure and drive operational efficiencies across its global operations using AWS'sAWS's proven global infrastructure and breadth and depth of services.
- April 2022 - As businesses increasingly embrace a hybrid and multi-cloud strategy to gain agility, scalability, and flexibility, Cisco is integrating its SD-WAN Cloud Hub with Google Cloud to give enterprises full WAN application integration with cloud workloads. The partners claim their platform will enable businesses to optimize application stacks by distributing application components to their best locations.
Key Market Trends:
BFSI is Expected to Witness Significant Growth
- Banking and Financial organizations are also accelerating the migration toward cloud solutions owing to the benefits such as flexibility, agility, and integration of emerging technologies and the FinTech ecosystems. Cloud solutions are helping banks to cut down expenses by slashing infrastructure costs significantly. Owing to this, many vendors are providing IaaS and PaaS applications to eliminate the need to manage to host, maintaining, updating, and scaling service operations targeted towards the BFSI sectors. Banks are widely recognizing that a cloud infrastructure can help them pursue sweeping modernization initiatives, including operational and customer-facing programs supported by AI, blockchain, and software containers.
Segmentation By Type: PaaS, IaaS, SaaS
Segmentation By Application: BFSI, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing, Other
Regional Analysis:
North America is Expected to Hold Major Share
- In terms of adoption for cloud migration, North America is among the leading innovators and pioneers and holds the largest share in the market. The region also has a strong foothold of cloud migration vendors, which adds to its growth. Some companies include IBM Corporation, Microsoft Corporation, Amazon Web Services Inc., Cisco Systems Inc., Cognizant Technology Solutions Corporation, and Google Inc., among others.
- According to the survey by IBM in 2019, 95% of the businesses in North America have migrated their critical applications and IT infrastructure to the cloud over the past year. Additionally, over 80% of firms in the region have mentioned seeking cloud migration for some of their applications next year. The advanced industrial landscape in the North Americ region has led to the widespread incorporation of AI on numerous operational levels, leading to a growing need for cloud migration. Additionally, BYOD has a substantial impact on the enterprises, as they realize the advantages of cost-saving, productivity, and flexibility.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Cloud Migration Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Cloud Migration Market (%),2016 - 2026
- Cloud Migration Market Share, By Brand
- Cloud Migration Market Share, By Company
- Cloud Migration Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Cloud Migration Market Value Analysis & Forecast
- Promising Cloud Migration Development by Major Companies
- Detailed Cloud Migration Portfolio of the Major Companies
- Major Deals in the Cloud Migration Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02285852070/cloud-migration-market-growth-trends-forecasts-2022-2027?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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.
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