The global cloud migration services market 2020 is poised to reach the USD ~ 8 billion by 202, according to the report found by Market Research Future. The report also states that the market is set to grow at a rate of ~22% during the forecast period (2016-2023).
Novel coronavirus has Cloud Migration Services Market Share to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Cloud migration services market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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Services, deployment, organization size, applications, and industries are the main segments upon which the study of the market has been conducted.
The services segment has included managed services and professional service. Among these, the professional services are also sub-segmented into support & maintenance, automation & integration, training & consulting, disaster recovery, and others.
Based on the deployment segment, it has included private, public, and hybrid.
As per the organization size segment, the market has included SMEs and large enterprises.
The applications segment has included security and compliance management, infrastructure management, project management, workforce management, and others.
In the last, the industry segment has included IT & telecommunication, manufacturing, government, and others.
The leading market players in the global cloud migration services market are listed as HCL Technologies (India), Tech Mahindra (India), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Dell (U.S.), Amazon Web Services Inc. (U.S.), Wipro Ltd. (India), Accenture PLC (Republic of Ireland), Vmware, Inc. (U.S.), NTT DATA, Inc. (Japan), and among others.
The global cloud migration services market is spanned across regions of Asia Pacific, Europe, North America, and the Rest of the World.
Among these regions, North America is the leading region as it has a massive demand for cloud services owing to the rising adoption of artificial intelligence. This is boosting the market augmentation to a great extent.
In Europe, the market expansion for cloud migration services is also expanding at a considerable speed with considerable growth owing to technological upgrades in cloud computing. This is propelling market growth.
Whereas the region of Asia Pacific is also considered as one of the fastest emerging markets for cloud migration services, mainly in countries of Japan, China, and India. In these countries, the market is gaining the maximum momentum owing to the increasing penetration of IT services. Thus, the region will grow with the highest CAGR in the coming years.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table 1 Global Cloud Migration Services Market: By Region, 2020-2027
Table 2 North America Cloud Migration Services Market: By Country, 2020-2027
Table 3 Europe Cloud Migration Services Market: By Country, 2020-2027
List of Figures
FIGURE 1 Global Cloud Migration Services Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Cloud Migration Services Market
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