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$9.4 Bn Cloud Migration Services Market 2017 by Service Type, Application, Deployment Model, Vertical & Region - Global Forecast to 2022 - Research and MarketsThe "Cloud Migration Services Market by Service Type (Disaster Recovery, Managed Services), Application (Project Management, Compliance & Security Management, Infrastructure Management), Deployment Model, Vertical & Region - Global Forecast to 2022" report has been added to Research and Markets' offering. The Cloud Migration Services Market Size is Expected to Grow from USD 3.17 Billion in 2017 to USD 9.47 Billion By 2022, at a CAGR of 24.5% The market is expected to be driven by factors, such as the growing need for business agility, faster deployment and scalability, increasing awareness about the cloud among enterprises globally, and the reduced costs of ownership. However, the market would face some restraints as not all enterprise services are supported in the cloud, lack of stringent SLAs, and fear of vendor lock-in. DevOps automates processes between development and operations teams within an organization. It offers a major benefit of building a culture of collaboration between teams that was not traditionally present, resulting in a much more dynamic and flexible approach to work. DevOps enables smooth functioning of the complete process including building, testing, and releasing software efficiently and speedily. Moreover, it offers various benefits of improved customer satisfaction, digital transformation, stable operatingenvironments, and improved productivity. Security and compliance management is an important part in cloud migration, as the resources are retained and managed in different clouds. Advanced backups and recovery are a few other features that hold a significant place in every business activity that adopts cloud migration strategies. Moreover, compliance monitoring enables end users to protect the virtualized workload with the required compliance policies. The major driving factors of the overall cloud migration services market are innovation, efficiency, agility, and security. North America is expected to hold the largest market size during the forecast period, as organizations are shifting toward cloud-based solutions and services, with an increasing adoption of digital business strategies. Furthermore, organizations have invested heavily in advanced technologies to gain a competitive advantage and improve business operations. APAC is expected to be the fastest-growing region in the global cloud migration services market. The key reasons for the high growth rate in APAC include the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and the tendency of cloud migration services to drive customer experience and improve operations. Key Topics Covered: 1. Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview And Industry Trends 6 Cloud Migration Services Market, By Service Type 7 Cloud Migration Services Market, By Application 8 Cloud Migration Services Market, By Deployment Model 9 Cloud Migration Services Market, By Organization Size 10 Cloud Migration Services Market, By Vertical 11 Cloud Migration Services Market, By Region 12 Competitive Landscape 13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/4dtl89/9_4_bn_cloud?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171221005707/en/ |
