Data Bridge Market Research unveils a comprehensive study of the Public Cloud Migration Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
Utilizing a proficient team of linguistic experts, the Public Cloud Migration global market research report is crafted by gathering data from diverse corners of the world. This report provides invaluable and actionable market insights, facilitating the formulation of sustainable and lucrative business strategies. The inclusion of statistical and numerical data presented through graphs and tables enhances the accessibility and comprehension of pertinent facts and figures. The report employs various formats, such as charts, tables, and graphs, to present information in a user-friendly manner.
Moreover, the comprehensive study within this market report delves into product specifications, revenue, cost, price, gross capacity, and production. It not only equips businesses with essential information for strategy development but also sheds light on the extent of marketing challenges. The market segmentation analysis, encompassing product types, applications, and geography, proves instrumental in making informed decisions about products. Extensive data and information are meticulously sourced from reliable outlets, including journals, websites, white papers, company annual reports, and mergers, ensuring the report's credibility.
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.
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The applications and databases can be transferred from an outdated, on-premises IT infrastructure to a public cloud with the use of cloud migration services.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.
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Market Growth Drivers:
- Burgeoning Usage across BFSI
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.
- Increased Requirement for Automation and Agility
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.
The report emphasizes the participation of key entities, notably:
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.)
Key Highlights in the Report
- Providing an extensive analysis of the Public Cloud Migrationmarket for a holistic understanding.
- Presenting details about the leading industry players, their product ranges, and strategic approaches.
- Delving into the prominent regional landscapes where Public Cloud Migrationdemonstrates significant growth.
- Exploring the latest trends and advancements within the industry.
- Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
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)
Target Audience:
- Businesses in the Public Cloud Migrationindustry
- Investors and analysts interested in the Public Cloud Migrationmarket
- Anyone who wants to learn more about the Public Cloud Migrationmarket
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