Global Cloud Migration Services Market By Service Type (Automation & Integration Solution, Disaster Recovery, Application Hosting & Monitoring, Devops, Managed Services), Application(Project Management, Infrastructure Management, Security & Compliance Management), Organization Size (Small & Medium Enterprises, Large Enterprises), Deployment Type(Private & Hybrid Cloud, Public Cloud), Vertical(BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Education)
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The Global Cloud Migration Services Market size is expected to reach $9.6 billion by 2023, rising at a market growth of 22% CAGR during the forecast period. Lower cost, flexibility, agility, and security are some of the leading factors that are driving the market growth, globally. Cloud migration services are a combination of the know-hows of research and innovation, and a complete lifecycle of solutions that are cloud-ready, which could eventually offer accelerated Time-to-Market (TTM) and enhanced operational processes. The pressing business demands have led to a cut in innovation within the IT infrastructure. The infrastructure is all packed up with the applications to address the current business demands. To fill the gap between growing business demand and IT capacity to accommodate new services, there is a need for infrastructural re-structuring. The Cloud Migration services support in the movement of infrastructure, applications and business processes of an organization into the cloud, and as result, creating the necessary space in the infrastructure. Cloud migration would be a pivotal move which would address the gap in business demand and IT capacity.
Based on Service Type, the market report segments the market into Automation & Integration, Disaster Recovery, Application Hosting & Monitoring, Devops, and Managed Services. Based on Application, the market report segments the market into Project Management, Infrastructure Management, Security & Compliance Management, and Others. Based on Organization Size, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Deployment Type, the market report segments the market into Private & Hybrid Cloud and Public Cloud. Based on Vertical, the market report segments the market into BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Education, and Others. Based on Regions, the Cloud Migration Services market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa
The market research report covers the competition analysis of key stake holders of the Cloud Migration Services Market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google, Inc., Cisco Systems, Inc., NTT Data Corporation, VMware, Inc., Informatica, Rackspace, Amazon.com, Inc. (Amazon Web Services), and DXC Technology.