According to Technavio, the cloud migration services market size is expected to value at $ 13.01 bn during 2021-2025. The market sizing analysis in the report reveals that the market growth will decelerate at a CAGR of over 24%. The report offers exclusive detailed COVID-19 impact study, which majorly highlights vendor performance and new business opportunities during and post pandemic period.
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Cloud Migration Services Market Trends & Drivers
The cloud migration services market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increasing adoption of cloud computing, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The cloud migration services market has also explored key trends such as adoption of container-as-a-service solutions, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Cloud Migration Services Market: Segmentation Analysis
This market research report segments the cloud migration services market by Deployment (Public cloud, Hybrid cloud, and Private cloud) and Geography (North America, Europe, APAC, South America, and MEA).
The North America region led the cloud migration services market in 2021, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North America region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario