Cloud Migration Market Projected To Garner Signi
½cant
Revenues By 2025
November 20, 2021
The competition in the global cloud migration market is likely to increase with the
growing number of new players entering in the market, find Transparency Market Research (TMR) in a new study. Leading players in the market are focusing on research and development activities to gain a firm hold on the market. Partnership, mergers and acquisition, and collaboration are some of the other strategies used by the prominent players to expand their geographic reach and form a firm hold in the market. Microsoft Corporation, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc., Cisco Systems, Inc., and Google Inc. are few prominent players operating in the global cloud migration market.
As per Transparency Market Research, the global cloud migration market is expected to rise a steady CAGR of 9.76% from 2017 and 2025. During the forecast period, the market is expected to reach a valuation of US$13.26 bn by the end of 2025. In 2016, the market valuation was US$5.71 bn.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=40412
Based on enterprise size, the small and medium business (SMB) segment is expected
to dominate the market due to the ease of in the cloud adoption by SMB’s. In terms of deployment, the public cloud is projected to lead with a market. This segment held 39.1% share in 2016. On regional front, Asia Pacific is anticipated to lead the global cloud migration market. Japan and China are suggested to be the driving
economies for the Asia Pacific cloud migration market.