2019-2024 Cloud Migration Market Latest Opportunities, Industry Growth Rate by Market Size & Share and Forecast Analysis
This “Cloud Migration Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Cloud Migration market can use for expanding their business in untapped market to increase their customer base.
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Cloud Migration Market Covers Manufacturers:
Scope of the Report:
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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.
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Target Audience of Cloud Migration Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Cloud Migration Market Report:
- Analyzing various perspectives of the Cloud Migration market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Cloud Migration market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Cloud Migration market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Cloud Migration market studied, during the forecast period
- The segments that are expected to dominate the Cloud Migration market studied.
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