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Home >> Press Release >> Cloud Migration Services Market Is Expected To Grow At a CAGR Of Approximately 23% During The Forecast Period

Cloud Migration Services Market Is Expected To Grow At a CAGR Of Approximately 23% During The Forecast Period

Cloud Migration Services Market Is Expected To Grow At a CAGR Of Approximately 23% During The Forecast Period

Jul 23 2018

The emergence of cost-effective IT solutions such as cloud computing has reduced the costs for IT services in businesses. The use of cloud migration services is becoming progressively important in the business world. Its inception was commenced from small businesses using cloud migration service Market for their data managing purpose, as small and medium enterprises have low barriers to adopt changes and are more complex. Increasing security concerns and availability of new security options such as data encryption, bigger organizations are reconsidering or moving forward to tackle cloud services.

The cloud migration service Market is a movement of infrastructure, business processes, data, and application to the cloud. Basically, it is designed to migrate physical and virtual workloads to the cloud, with minimal risk. Moreover, cloud migration requires planning and a successful roadmap. The strategy for cloud migration services Industry should be aligned with the goals and objectives of an organization. The cloud migration services market is expected to grow at a compound annual growth rate (CAGR) of approximately 23% during the forecast period.

The Cloud Has Many Offers To Give But It Involves Risk!
Low investments and infinite resources are the drivers of cloud migration services market. The services of cloud migration are scalable and support Green IT. However, mandatory internet connection is an intense drawback, along with having low compliance. Cloud migration services provide no standards of interoperability.

To commute the services, a strategy is needed to be designed and to work on. It commences with the selection of applications to migrate. These applications need to be ranked as per their importance or use. Applications with high load time and global reach such as the online shopping sites are placed on the top of the list. With this, benefits will be clearly visible with the planned strategy, including scaling, on the basis of horizontal/vertical performance and managed services that will save the cost involved in IT and operations.

North America to lead the market, with U.S. subject to hold the largest share in 2017
North America is estimated to hold the largest market share owing to their developed IT and telecommunications infrastructure. Taking into consideration, North America is a matured market including the factors such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises from the region in the cloud migration services industry, and the availability of proficient technical expertise. US and Canada are estimated to contribute to the growing demand of the cloud migration services market. The cloud migration services market in 2017 was led by America, contributing around 44% of the global market share.

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