Northbrook, IL -- (SBWIRE) -- 01/16/2019 -- According to a new market research report "Cloud Migration Services Market by Service Type (DevOps, Disaster Recovery, Managed Services), Application (Project Management, Compliance & Security Management, Infrastructure Management), Deployment Model, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the cloud migration services market size is expected to grow from USD 3.17 Billion in 2017 to USD 9.47 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period (2017–2022).

With the increasing penetration of cloud computing and other emerging technologies, such as Internet of Things (IoT), big data, and serverless architecture, the demand for cloud migration solutions and services among enterprises is expected to grow significantly.

The demand for cloud migration services is driven by many factors, such as faster deployment, scalability, and agility; cloud compliance requirements; need to reduce CapEx and Opex; growing trend of mobility; and uninterrupted business continuity.

Browse and in-depth TOC on "Cloud Migration Services Market"
66 - Tables
37 - Figures
132 - Pages

Get Free 10% Customization on this report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=266815130

Automation and integration service type is expected to hold the largest market size during the forecast period

Automation enables enterprises to streamline their cloud migration activities efficiently. Automation helps in reducing costs, manual intervention, time, and risk of failure. It supports improved business agility and migration of entire workload for rapid recovery during downtime. Cloud integration services help in solving complex problems and guarantee cost-efficient business processes to produce flexible environment that can fulfill performance, security, and availability. It helps in supporting third-party and on-premises applications and services.

Project Management application is estimated to hold the largest market size in 2017

Project management is the implementation of process, knowledge and skills, and expertise to achieve project objectives. The key reasons for the growth of cloud migration services market include cost savings, accelerated time to market, mobility, improved productivity, real-time team collaboration, resilience, and ease of use and accessibility. Project management is operated on applications based on the cloud that provides secure information, and keeps track of all the work done on the project.

Ask for Discount @ https://www.marketsandmarkets.com/discountreports.asp?id=266815130

Banking, Financial Services, and Insurance (BFSI) vertical is estimated to hold the largest market size in 2017

BFSI organizations lead the industry vertical segment of the market in migrating their workloads to the cloud environment. The need to consolidate the cost of IT and infrastructure is driving BFSI organizations to migrate their workloads in the cloud. Migrating workload to the cloud provides BFSI organizations with agility and flexibility to deploy IT infrastructure and legacy systems in a cost-effective way.

North America region is estimated to hold the largest market size in 2017

North America is estimated to hold the largest market share in 2017, while APAC is projected to be the fastest growing region during the forecast period. North America is a matured market in terms of cloud adoption, due to various factors, such as standards, regulations, advanced IT infrastructure, presence of a large number of enterprises, and the availability of proficient technical expertise. The US and Canada are expected to contribute to the growth of the cloud migration services market.

Major providers of cloud migration solutions and services are Amazon Web Services (US), IBM (US), Microsoft (US), Google (US), Cisco Systems (US), NTT Data (Japan), DXC (US), VMware (US), Rackspace (US), and Informatica (US).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com