Global Cloud Migration Market: Snapshot
Cloud Migration market is driven by rise in awareness regarding cloud technology and low cost offered by cloud solutions. Cloud migration helps in transferring on-premise data, applications and other business elements to cloud or from one cloud to another cloud. The cloud adoption has seen a significant rise in the recent years. According to Transparency Market Research, the global cloud migration market, which was valued at US$5719.4 mn in 2016, is likely to reach US$13,266.8 mn by the end of 2025. If these figures hold true, the global market will exhibit a CAGR of 9.76% between 2017 and 2025. With several upgrades and innovations on card, the growth rate is poised to surge even further in the coming years. Cloud migration offers several business benefits. These days, executives push for more aggressive timelines. Cloud migration offers the flexibility and dynamic technologies required to help companies achieve targets within stipulated time periods. As more companies come to realize the benefits of cloud migration, the market will witness a significant rise in demand.
Forthcoming Years will Witness Healthcare Segment Exhibit Robust Growth
The global cloud migration market has been segmented into four main segments namely enterprise size, deployment, end-use industry and regions. The enterprise segment is further segmented into two parts namely-small and medium business (SMB) and large enterprises. The SMB regions is expected to hold a significant market share as compared to the counterpart in the global cloud migration market owing to the ease in the cloud adoption by SMB’s. The deployment segment has been further sub divided into three parts namely-private, public and hybrid segments, wherein the public cloud is expected to lead with a market share of 39.1% for the year 2016. The increased technological advancements provided by the public clouds is the primary reason for its prominent market share. The end-use industry segment includes seven sub-segments namely- BFSI, retail, healthcare, IT & Telecommunication, manufacturing, government and others. The healthcare segment is expected to grow at the highest CAGR of 10.79% over the forecast period owing to increased cloud adoption in healthcare sector for medical advancements.
Asia Pacific to Exhibit Lucrative Prospects for Cloud Migration
The global cloud migration market has been divided into five regions namely- North America, South America, Middle East and Africa, Asia Pacific and Europe. Asia Pacific is expected to grow at the fastest CAGR of 11.12% over the forecast period. China and Japan are suggested to be the driving economies in Asia Pacific region.The U.S is suggested to hold the highest market share. The retail sector in North America region is expected to hold a prominent market share during the forecast period. Furthermore, major cloud players are having strong servings in the North American region. Additionally, cloud giants are penetrating in European regions as well. For instance, In October 2017, cloud solutions company Oracle Corporation launched a new cloud data center in Frankfurt, Germany. This was the first unit for its cloud platform outside the U.S. Similar moves could be seen in other regions as well. For instance, In February 2018, China based cloud computing company Alibaba Cloud discussed plans to establish a second data center in Dubai by 2019. Furthermore, leading economies in South America such as Brazil is expected to drive the cloud migration market over the forecast period.
Some of the leading players operating in the global cloud migration market are Oracle Corporation, Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc., Google Inc., Cisco Systems, Inc., RiverMeadow Software, Inc.., Rackspace US, INC., Informatica LLC, and OVH US LLC among others.
Global Cloud Migration Market: Overview
The “Cloud Migration market [Enterprise Size – SMB, Large enterprises; Deployment– Private, Public, Hybrid; End-use Industry – Banking, Financial services and Insurance (BFSI), Retail, Healthcare, Information Technology (IT) & Telecommunication, Manufacturing, Government, Others] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, report provides an in-depth analysis of the global Cloud Migration market for the period 2017 – 2025, wherein 2016 is the base year, data for the year 2015 is considered as historical information and the years from 2017 to 2025 is the forecast period. The report also provides compound annual growth rate (CAGR %) from 2017 to 2025 for all the segments in the scope of study. The report covers key trends prevailing in the global Cloud Migration market over the forecast period. The study also describes various factors impacting the global Cloud Migration market growth during the forecast period including market drivers, restraints, and opportunities.
Global Cloud Migration Market: Scope of the Study
The study provides a holistic perspective on global Cloud Migration market growth in terms of revenue estimates (in US$ Mn) globally. The market estimates have been analyzed by taking into account the impact of various economic, political, technological, social, and legal and the existing market dynamics influencing market growth. The report would include executive summary, providing the overview of the global Cloud Migration market. The report provides industry development and key market indicators for the global Cloud Migration market. Furthermore, report provides market attractiveness analysis, for each segment based on their CAGR and market share. There is an inclusion of porter’s five forces analysis about the industry competition, market dynamics and the most profitable segments in the market.
Global Cloud Migration Market: Key Segments
This research study on the global Cloud Migration market provides a detailed cross segment and cross country analysis based on the different segments including enterprise size, deployment, end-use industry and regions. The enterprise size segment could be further sub segmented into SMB (Small and Medium Business) and Large Enterprises. The deployment segment of the global cloud migration market includes sub-segments namely - private, public and hybrid. The end-use segment for the global cloud migration market has been further segmented into 7 sub-segments namely- BFSI, retail, healthcare, IT & Telecommunication, manufacturing, government and others. Others end-use industry segment includes agriculture and oil & gas verticals. The report also covers profiles of major players, their growth strategies and focuses on the recent developments under the competition matrix section and includes market positioning analysis of key players operating in the Cloud Migration market.
Global Cloud Migration Market: Competitive Landscape
The competition matrix for key players in the global Cloud Migration market notes their capabilities and growth potential and also benchmarks the key companies in the global Cloud Migration market on the basis of top line growth, market share, segment growth, infrastructure capabilities, market position, product offerings, R&D focus and future outlook.
Under the company profiles section, the report also includes an overview of the players operating in the market, the annual revenue generated by them in the past two or three years, SWOT analysis, regional breakdown and their relevant business segment revenue. The report also contains market share analysis of the key players in the Cloud Migration market for the year 2016 based on their revenues generated for the same year.
The key players profiled in this report include – Oracle Corporation, Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc., Google Inc., Cisco Systems, Inc., RiverMeadow Software, Inc.., Rackspace US, INC., Informatica LLC, and OVH US LLC among others.
The global Cloud Migration market has been segmented as follows:
Global Cloud Migration market, by Enterprise Size
- Large Enterprise
Global Cloud Migration market, by Deployment
Global Cloud Migration market, by End-use Industry
- IT & Telecommunication
Global Cloud Migration market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America