In
the context of the gradual expansion of the cloud computing market, cloud
migration has become a necessary requirement. Cloud migration is not a
migration software tool, but a cloud computing service. Cloud migration refers
to the process of partially or completely migrating an enterprise\'s digital
assets, services, IT resources or applications from a traditional platform to a
cloud platform. Cloud migration also includes switching from one provider\'s
cloud to another provider\'s cloud. By type it
can be divided into automation and integration, disaster recovery, application
hosting and monitoring, and DevOps.
Automation
& Integration helps in reducing costs, manual intervention, time, and risk
of failure. It supports improved business agility and migration of the entire
workload. Disaster recovery is a cloud computing service which allows for
storing and recovering system data on a remote cloud-based platform.
Application Hosting & Monitoring is a monitoring and hosting service for IT
resources and applications. DevOps increases an organization’s ability to
deliver applications and services at high velocity Cloud migration is mainly
used in BFSI, IT and telecommunications, manufacturing, health care, Consumer
goods and retail, media, & entertainment and other industries.
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Global Cloud Migration Market
Analysis and Forecast
According
to our research, the Global Cloud Migration market has a total revenue of
4095.04 M USD back in 2015, and increased to 6750.89 M USD in 2019. We made a
series of functional calculation and deduced the past 5 year’s data with
scientific model. Finally, we made the prediction that the value of Cloud
Migration markets can be 25273.16 M USD by 2027. The CAGR of Cloud Migration is
17.94% from 2019 to 2027. The growth of the Cloud Migration market is driven by
the downstream demand market. As the global economy develops and growing market
demand plays an active role in the expansion of the Cloud Migration market. At
the same time, competition in new regions may become more intense. This may
become a factor hindering market growth.
Cloud
Migration companies are mainly from USA; the industry concentrate rate is high.
The top three companies are AWS, Microsoft, IBM with the revenue market share
of 31.92%, 9.37%, 7.44% in 2019 United States was the largest revenue market
with a market share of 34.30% in 2015 and 32.70% in 2019, a decrease of 1.60%.
In 2019, the Europe market share was 31.67%, ranking second. In addition, China
Cloud Migration market is expected to be the growing market. Development of
economy, increase downstream demand, technology innovation progress in these
areas will promote the Cloud Migration market.
Global Cloud Migration Market
Swot Analysis
With
the rapid development of Internet technology and the popularity of cloud
computing, cloud technology has been widely used in all walks of life, and the
cloud revolution is in full swing on a global scale. Cloud computing is still
an important trend to help enterprises transform and digitalize. Cloud
migration has also become a hot topic, and cloud migration for enterprises has
become an inevitable trend. The Asia-Pacific region is expected to experience
high growth rates.
Technological
changes in the cloud computing era make traditional platforms no longer meet
the business needs of enterprises. Before Internet technology was not developed
enough, enterprises could only use traditional servers. After decades of
development, the scope of cloud computing application services is expanding and
its influence continues to increase. The cloud computing platform achieves
capacity expansion by increasing the capacity of a single rack and reducing the
PUE under the condition that the overall space and power supply remain
unchanged, which solves the problem of difficult expansion of traditional data
centers. And the cloud platform has absolute advantages in virtualization,
computing storage and network resource integration, automated management, and
green energy saving. The huge advantages of cloud platforms have made cloud
migration a necessary development trend for enterprises. Enterprises can obtain
many competitive advantages from cloud computing, such as higher efficiency,
greater flexibility, lower costs, and better application and service
performance. For small and medium enterprises to use cloud computing services,
a timely migration of a service to the cloud is a good start. Small and medium
enterprises use cloud migration services for data management, which can help
small businesses reduce costs and enable them to access IT services that were
once only applicable to large enterprises. The increased investment of small
and medium-sized enterprises (especially emerging economies) in the cloud
migration market will promote the development of the market and become a
driving factor for the development of the market. Increasing demand for
business agility and increasing adoption of automation solutions are important
factors driving the growth of the global cloud migration service market. In the
era of complex and diverse computing environments, end users are looking for
smarter and faster ways to ensure the best use of resources. This search brings
a higher level of management complexity, which increases the need for agility
and automation. Cloud migration services enable organizations to obtain higher
efficiency, greater flexibility, lower costs, and better application and
service performance. It is expected that increased demand for business agility
and automation will become an important driving force for cloud migration.
Cloud
migration is a systematic project. The biggest risk in the cloud migration
process is that users are not clear about the security risks and
vulnerabilities in their own information systems, and what security measures
should be adopted to meet the security issues in the cloud computing
environment after using cloud services. In addition, in the process of cloud
migration, there are several security issues such as business availability and
data integrity. The complexity of the current IT infrastructure is slowing the
migration of many companies to the cloud. Over time, most companies are
constantly developing their IT infrastructure and services. Some of them may
have been developed in-house. This makes a complex and heterogeneous
environment composed of multiple mobile and interdependent parts, which brings
huge challenges to cloud migration.
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