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Pune, March 31, 2023 (GLOBE NEWSWIRE) -- As per SNS Insider, the Cloud Migration Services Market had a worth of USD 11.54 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 25.5% between 2023 and 2030, eventually reaching a valuation of USD 71.05 billion.

Market Overview

Cloud migration services refer to the specialized set of services that help businesses move their applications, data, and other IT assets from on-premises infrastructure to the cloud. These services are essential for companies that want to harness the benefits of cloud computing, including greater scalability, flexibility, and cost savings. Cloud migration services also help businesses achieve greater agility, enabling them to respond more quickly to changing market conditions and customer demands. By moving their IT infrastructure to the cloud, companies can scale up or down their resources as needed, without the need for significant capital investments.

Market Analysis

The rise of hybrid cloud solutions has brought significant changes in the way businesses approach their IT infrastructure. As more and more companies seek to harness the benefits of both public and private clouds, the demand for the cloud migration services market

has surged. This is because cloud migration is a complex process that requires a specialized set of skills and expertise. In addition to the adoption of hybrid cloud solutions, the need for business agility has become more crucial than ever. By migrating their IT infrastructure to the cloud, businesses can achieve greater flexibility and scalability, enabling them to adapt to changes in the marketplace more effectively.

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Key Company Profiles Listed in this Report Are:

The key players include Amazon Web Services (AWS) Inc., International Business Machines (IBM) Corporation,Microsoft Corporation, Google LLC, Cisco Systems Inc, NTT Data corporation, DXC Technology Company,VMware inc., Rackspace Hosting Inc., Informatica Inc., WSM international, Zerto Ltd., Virtustream Inc., RiverMeadow Software Inc.,OpenStack Inc.and others.

Impact of Russia-Ukraine Conflict

The ongoing conflict between Russia and Ukraine has had a negative impact on the cloud migration services market. The instability and uncertainty in the region have led to delays and disruptions in service delivery, while the increase in the cost of cloud services has made cloud migration less attractive to companies. The imposition of sanctions has further reduced the options available to companies that were planning to migrate their data to the cloud.

Cloud Migration Services Market Report Scope:

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Key Regional Developments

North America is the leading region in the cloud migration services market and is expected to maintain its dominance throughout the forecast period. The growth of the market in this region is due to the high adoption rate of cloud migration services by businesses and organizations. This trend is driven by various factors, including the availability of advanced technological resources, innovative IT infrastructure, and a mature IT industry. The North American market is well-established and mature, owing to the region's strong technological and economic foundations.

Key Takeaway from Cloud Migration Services Market Study

Recent Developments Related to Cloud Migration Services Market

Table of Contents

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porters 5 Forces Model

7. PEST Analysis

8.Cloud Migration Services Market, By Service Type

9. Cloud Migration Services Market, ByApplications

10. Cloud Migration Services Market, ByOrganization Size

11. Cloud Migration Services Market, ByDeployment Mode

12.Cloud Migration Services Market, By IndustryVerticals

13. Regional Analysis

14. Company Profiles

15. Competitive Landscape

16. Conclusion

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About Us:

SNS Insider is one of the leading market research and consulting agencies that dominate the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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See more here:
Cloud Migration Services Market to Reach USD 71.05 Billion by ... - GlobeNewswire