Cloud Migration Services market is projected to grow at a CAGR of 20% during the forecasting period 2021-2027. The most common deployment model is public cloud. Businesses are discovering new and better ways to improve operational benefits while lowering costs by utilising cloud migration services.
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Globally, demand for cloud migration services is said to be driven by an increasing need for efficient computing frameworks and a shift in workload to the cloud environment. Because of faster deployment, scalability, and agility; cloud compliance requirements, lower CapEx and Opex, enforcing mobility, and ensuring business continuity, the adoption of cloud migration services is expected to grow. However, not all enterprise services are supported in the cloud, and there are concerns about vendor lock-in.
Key market players include Amazon Web Services AWS, IBM, Microsoft, Google, Cisco, NTT, Data, DXC, VMware, Rackspace, Informatica.
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