Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2022 –2029 | |
|
|
USD 215.89 Million |
| USD 1,127.36 Million | |
| % | |
|
Global Public Cloud Migration Market, By Enterprise Size (Small and Medium Enterprises (SMEs), Large Enterprises), Type of Service (PaaS, IaaS, SaaS), End-User (BFSI, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing, Others) – Industry Trends and Forecast to 2029.
The hybrid cloud migration has seen a significant overall increase in recent years. Employing a hybrid cloud enables businesses to extend computer resources and reduces the requirement for significant capital to manage transient surges in demand. Many cloud providers offer the option to easily extend infrastructure in numerous global locations, allowing a business to quickly enter new markets. According to the RightScale 2019 State of the Cloud Survey Report, 58 percent of businesses have a hybrid multi-cloud strategy, while 84 percent of businesses have a plan for multiple public or private clouds.
Global public cloud migration market was valued at USD 215.89 million in 2021 and is expected to reach USD 1127.36 million by 2029, registering a CAGR of 22.95% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Enterprise Size (Small and Medium Enterprises (SMEs), Large Enterprises), Type of Service (PaaS, IaaS, SaaS), End-User (BFSI, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing, Others)
|
|
Countries Covered
|
are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Amazon Web Services, Inc. (U.S.), IBM (U.S.), Microsoft (U.S.), Cisco Systems Inc., (U.S.), NTT DATA Corporation (Japan), DXC Technology Company (U.S.), VMware, Inc (U.S.), RACKSPACE TECHNOLOGY (U.S.), Informatica (U.S.), IBM (U.S.), Microsoft (U.S.), Siemens (Germany), ANSYS, Inc (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), NetApp (U.S.), Atos SE (U.S.), Fujitsu (Japan), CenturyLink (Louisiana), Hewlett Packard Enterprise Development LP (U.S.), Dell Inc., (U.S.), Oracle (U.S.), Google Inc., (U.S.), Atos SE (France), KELLTON TECH (India) among others
|
|
Market Opportunities
|
|
Market Definition
The applications and databases can be transferred from an outdated, on-premises IT infrastructure to a public cloud with the use of cloud migration services. They consist of developing an operating cost optimization strategy, establishing monitoring systems, and sharing expertise with internal teams. In-depth process descriptions and continuous integration and deployment (CI/CD) pipeline designs are also included for speedy development. Today, businesses all over the world are using cloud migration services to increase agility, achieve flexibility and scalability, save operational expenses for their IT departments, shorten time to market, and speed up the digital transformation process.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The market has grown significantly over the past few years as a result of the features such as the flexibility, agility, and integration of emerging technologies and Intech ecosystems, banking and financial businesses are increasingly quickening their move toward cloud solutions. By drastically reducing the cost of infrastructure, cloud technologies are assisting banks in reducing expenses. As a result, many vendors now offer IaaS and PaaS software to take the management burden out of hosting, maintaining, updating, and scaling service operations geared at the BFSI industries. The ability of a cloud infrastructure to support banks' broad modernization projects, such as operational and customer-facing programmers powered by AI, block chain, and software containers, is now widely acknowledged.
The end-users are looking for more intelligent techniques to guarantee the best possible resource use in the era of complex and diversified computing environments. This search adds new degrees of managerial complexity, which raises the demand for automation and flexibility. Organizations can achieve the right degrees of automation and agility through the use of public cloud migration services. Businesses feel they must be more adaptable and nimble than their current virtualization strategy, which may be readily accomplished by moving the current workload to the cloud. The main motivator for cloud migration is anticipated to be business agility on the cloud. These services also give end users access to a variety of automation features, such as automated backup and recovery, auto-scaling, and auto-provisioning, that help them take advantage of the operational and financial advantages of cloud computing. Numerous advantages of using automation technologies include managing multiple cloud deployments, enabling automatic recovery in emergency situations, and enhancing business continuity and disaster recovery. These services provide business agility across various cloud environments, enhancing enterprise service levels.
Furthermore, the factors such as rapid urbanization will accelerate the overall market expansion during the forecast period. Additionally, the advancements in technologies is anticipated to drive the growth rate of the public cloud migration market. The rowing disposable income will further positively impact the market's growth rate during the forecast period.
Opportunities
The application of machine learning and the internet of things is expected to generate lucrative opportunities for the market, which further expand the future public cloud migration market's growth rate. The key aim for market players is to develop and increase the sensitivity of public cloud migrations. Consequently, it is anticipated that the market players will benefit from the integration of IoT sensors to detect shock waves.
Additionally, the surging product launches and other innovations by market players further offer numerous growth opportunities within the market. Leading public cloud migration market companies offer the required measures to enhance public cloud migrations' quality, accuracy, and performance, offering more cutting-edge and security features.
Restraints/Challenges
Many SMEs and major corporations are using the CSPs' extensive migration services to move their on-premises workloads to the cloud. Enterprises only use the pre-selected vendors for certain protocols and products, despite the cost-saving advantages and efficiencies. Companies do not want to rely on a single vendor in this cutthroat business environment where everyone is looking to gain an advantage. This would make the move expensive and necessitate a multi-cloud infrastructure made up of several cloud vendors and internal systems.
Redesigning networks for cloud migration from on-premises demands significant upfront investments, which is challenging for SMEs with tight budgets and resources. Additionally, the majority of businesses have found the transition to cloud deployment to be expensive and complicated. For their cloud infrastructure arrangement, businesses must address a variety of concerns in addition to the network architecture. Gaining insight, gauging performance, and managing workloads across various cloud deployment architectures are very challenging tasks. Due to the deployment structure and techniques needed to construct and manage the cloud migration, complexity is the main challenge.
This public cloud migration market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the public cloud migration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The public cloud migration market was largely impacted by the outbreak of COVID-19. Many CXOs are under pressure to advance digital technologies and approaches in the Covid-19 epidemic, where firms are dealing with operational difficulties. Among these, cloud migration has seen significant increase. Many large businesses and SME's have shifted their allegiance to cloud-savvy managed service providers (MSPs), who have sped up the migration process, scaled existing services, modernised legacy applications, enabled and orchestrated multi-cloud environments, and utilised a variety of cloud-native capabilities. Additionally, a lot of cloud service providers have unveiled a variety of alluring cloud migration tactics that specifically assist SME's in adopting these services easily and with little financial hardship, which is opening up a lot of market potential.
Recent Developments
The public cloud migration market is segmented on the basis of enterprise size, type of service and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Enterprise Size
Type of Service
End-User
The public cloud migration market is analyzed and market size insights and trends are provided by country, enterprise size, type of service and end-user as referenced above.
The countries covered in the public cloud migration market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the public cloud migration market because of the presence of an advanced industrial landscape within the region over the forecast period of 2022 to 2029. Moreover, the e widespread incorporation of AI on numerous operational levels is further estimated to accelerate the expansion over the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to steady demand across various end use industries within the region. The high adoption of cloud migration services is a significant contributor to the regional market expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The public cloud migration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to public cloud migration market.
Some of the major players operating in the public cloud migration market are
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.