Increased Remote Working Adoption Provides Growth Prospects to Global Electric Cloud Migration Services Market
According to the estimations put forth by Inkwood Research, the Global Cloud Migration Services Market is anticipated to register a CAGR of 26.12% in terms of revenue during the forecasting period of 2021-2028.
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spread over 231 Pages, along with an in-depth TOC on the Global Cloud Migration
Services Market Forecast 2021-2028.”
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Cloud migration is characterized as the
process of deploying the digital assets, services, resources, or applications of
an organization in the cloud. The transferred assets cannot be accessed outside
of the cloud’s firewall. While the types of cloud migrations conducted by an
organization are numerous, transferring data and applications from an
on-premises data center to the public cloud is a typical model. In addition, a
cloud migration can also include moving data and applications from one cloud
provider or platform to another, termed cloud-to-cloud migration.
Increased
Adoption of Remote Working to Augment Market Growth
Cloud-based solutions enable businesses to permit
employees to work from home securely as well as productively. Employees can
also access any on-premise and cloud environments through a single web
interface, owing to the amalgamation of platforms, software, and infrastructure
as a service, typically called Everything-as-a-Service (XaaS). Moreover, Cloud
computing is utilized by 87% of businesses in the energy sector and 79% of
organizations across the telecoms industry. The key benefit of cloud computing
for remote working is that it eradicates geographical limitations that would
otherwise be prevalent. Cloud collaboration platforms and solutions have
further facilitated this adoption, rendering the conventional working model
outdated.
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Small &
Medium Enterprises is the Fastest-Growing Organization Size
Small and medium-sized businesses (SMBs) or
small and medium-sized enterprises (SMEs) are businesses that employ under 250
employees, recording a yearly sales turnover of not more than $100 million. Small
and medium enterprises (SMEs) adopt cloud migration services since they deliver
numerous advantages such as robust data security, resource optimization, and flexible
storage solutions, in addition to zero downtime. SMEs are also increasingly
turning to cloud migration services, driven by factors like greater efficiency,
cost-effectiveness, mobility, organized and simplified cooperation, and the
requirement for high connection.
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Asia-Pacific
to Lead the Global Market by 2028
The Asia-Pacific is anticipated to grow
with the highest CAGR during the forecasted years. The market growth of the
region is predominantly accredited to the migration of banks, airlines,
professional service firms, and manufacturers to public cloud providers.
Furthermore, governments across the Asia-Pacific have also increased their
investments over the years, concentrating on the modernization of information
technology (IT) infrastructure.
Companies with undifferentiated cloud
services and more comprehensive product portfolios lead to robust competition within
the global cloud migration services market. Such firms spend a substantial amount
on augmenting their services portfolio. Furthermore, key players are also introducing
new cloud services for capitalizing on new markets. Hence, the industrial
rivalry is anticipated to be intense over the estimated years.
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studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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