As per Inkwood Research, the Global
Cloud Migration Services Market is projected to grow at a CAGR of 24.24%
in terms of revenue during the forecasting period of 2024-2032.
“Browse 58 Market Data Tables
and 54 Figures spread over 264 Pages, along with an in-depth TOC on the Global
Cloud Migration Services Market Forecast 2024-2032.”
Cloud migration services help organizations move their data,
applications, and workloads from on-premises infrastructure to cloud-based
environments, enabling greater scalability, flexibility, and cost-efficiency.
These services support businesses in securely transitioning to
the cloud, optimizing operations, and enhancing overall agility.
Rising OPEX Investments in
Businesses Fuel Cloud Migration Services Market Growth
Rising operational expenditures (OPEX) investments in businesses
are driving the growth of the cloud migration services market as organizations
increasingly seek cost-efficient solutions to manage and scale their
operations. By adopting cloud infrastructure, companies can shift from
capital-intensive models to flexible, pay-as-you-go OPEX models, reducing
upfront costs associated with maintaining and upgrading on-premises hardware.
This shift not only minimizes infrastructure expenses but also enhances operational
efficiency, enabling businesses to quickly adapt to market demands and
technological advancements. Cloud migration services facilitate this
transition, offering expertise in secure and seamless data and application
transfers, thereby supporting businesses in optimizing their expenditure and
achieving better resource allocation.
Hybrid Cloud: Fastest-Growing
Deployment Model During the Forecast Period
The hybrid cloud is emerging as the fastest-growing deployment
model in the global cloud migration services market due to its ability to offer
businesses a flexible and balanced approach, combining the benefits of both
public and private clouds. Organizations are increasingly adopting hybrid cloud
solutions to achieve greater agility and scalability while maintaining control
over sensitive data and critical applications in private environments. This
model allows companies to leverage the cost-efficiency and vast resources of
public clouds for non-sensitive workloads, while using private clouds to meet regulatory,
security, and compliance requirements.
North America: Dominating
Region in the Cloud Migration Services Market
The growth of the cloud migration market in North America is
significantly driven by the presence of major internet companies like Instagram,
Facebook, Netflix, and Twitter, which rely heavily on cloud computing models.
Additionally, the region’s advanced IT infrastructure, strong regulatory
frameworks, compliance with industry standards, and the availability of highly
skilled technical professionals have accelerated cloud adoption. North America
is home to a large number of businesses seeking to leverage cloud solutions for
scalability and efficiency.
Furthermore, some of the key players leading the cloud migration
services market include Amazon Web Services (AWS), IBM Corporation, Microsoft
Corporation, Cisco Systems, etc.
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About Inkwood Research
Inkwood Research specializes in
syndicated & customized research reports and consulting services. Market
intelligence 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, the Middle East, Europe, Asia, and Africa.
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