US cloud migration market is projected to grow at a significant CAGR during the forecast period. The market is mainly driven due to the increased adoption of cloud-based services in the country. Cloud computing refers to the on-demand access of data and programs from a centralized pool of resources.
The rising adoption of the cloud platform is attributed to the faster deployment of new capabilities in enterprises. Various factors can influence the adoption of cloud-based solutions by SMEs (small and medium enterprises) such as organization characteristics, competitiveness, and management strategies. The SMEs are adopting cloud services to enhance the flexibility and scalability of their performance in the business, and to lower the cost.
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Furthermore, the growing number of enterprises creates significant demand for cloud migration services in the country. In the US, there were around 5,954,000 firms in 2016 which is further projected to grow nearly 5,997,000 in 2017 as per the data provided by census.gov. Moreover, the organization also stated that over the period 2016-2017, the number of firms in the country continues to increase that adopted the cloud migration services in the country. Firms having 20 to 99 employees have increased by over 6 thousand units. Whereas, firms have people around 100 to 499 increased by 1,700 units over the same period.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Deployment Type and by Industry
- Key Companies Profiled- Microsoft Corp., IBM Corp., Google LLC, Cisco Systems Inc., Oracle Corp., Amazon Web Services, Inc., and others
Key Questions Addressed by the Report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US Cloud Migration Market – Segmentation
By Deployment Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Industry
- BFSI
- IT & Telecom
- Government
- Retail & Consumer Goods
- Healthcare
- Other (Manufacturing)
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