Market Highlights:Cloud migration services include services that allow organizations to shift their existing hardware-based systems and mechanisms to the cloud.This has emerged as a major tool for corporate entities in the coming years, as the popularity of cloud solutions has grown and the demand for cloud architecture to support decision making and operate businesses in a smart, efficient manner has risen along with it.The growing preference for machine learning and other forms of artificial intelligence in the corporate sector is likely to be a major driver for the global cloud migration services market over the forecast period.Increasing awareness about the major benefits offered by cloud functionality in businesses of all sizes is also likely to be a major driver for the global cloud migration services market over the forecast period.Segmentation:The global cloud migration services market is segmented on the basis of type of service, deployment, organization size, application, end-use industry, and region.On the basis of type of service, the global cloud migration services market is segmented into managed services and professional services.The professional services segment is further sub-segmented into automation & integration, support & maintenance, disaster recovery, training & consulting, and others.By deployment type, the cloud migration services market is segmented into public, private, and hybrid.According to the organization size, the market is segmented into SMEs and large enterprises.By application, the global cloud migration services market is segmented into infrastructure management, security and compliance management, workforce management, project management, and others.The leading end-use industries in the global cloud migration services market include the government sector, IT & telecommunication, manufacturing, and others.Regional Analysis:The global cloud migration services market is segmented by region into North America, Europe, Asia Pacific, and rest of the world.North America is likely to remain the dominant contributor to the global cloud migration services market over the forecast period due to the widespread incorporation of machine learning and artificial intelligence in the corporate and manufacturing sectors.This is likely to be the major propellant for the cloud migration services market in the region over the forecast period, as companies in the region are increasingly adopting cloud networks for their benefits in terms of comfort and security.Europe is also likely to be a major contributor to the global cloud migration services market over the forecast period due to the rapid development of cloud infrastructure and technology in the region and its subsequent adoption in a number of countries across the region.
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