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North America holds a significant market share owing to rapid digitisation in countries like the United States and Canada. As various leading companies such as Amazon Web Services, Inc. and Google LLC are based in the region, the regional market is witnessing rapid growth. Moreover, the growing ease of doing business index of the United States and Canada are leading to the emergence of various tech-savvy small and medium-sized enterprises in the region, further augmenting the growth of the cloud migration services in the region. Meanwhile, the Asia Pacific is witnessing robust growth owing to rapid industrialisation and the increasing technological adoption in the region. As regions such as South Korea and Japan are some of the most technologically advanced countries, the demand for cloud migration services to automate various business processes is surging, therefore fuelling the market growth.
DXC Technology Co. (NYSE: DXC), one of the leading companies in the market, announced in August 2020 that it was awarded a multi-year agreement by Sabre Corporation to accelerate its digital transformation while ensuring continued security, health, and stability of the latter’s operation and technology. The company would also aid Sabre Corporation to meet the evolving consumers’ demand in various countries by modernising its capabilities to maintain its system effectively as well as effectively migrating all its workload to the cloud. Moreover, the agreement also stated that the company was expected to provide critical applications, cloud, security, engineering, and analytical capabilities. This measure is critical for the company as it functions as a third party for effective cloud migration to Google’s cloud services. Such agreements by the key players are increasing the demand for cloud migration services, which is propelling the market growth.
Market Analysis by Service Model, Deployment Mode, Application, Organisation Size, Industry Vertical, and Region:
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The major players in the global cloud migration services market are Amazon Web Services, Inc., Cisco Systems, Inc., DXC Technology Co., Google LLC, and International Business Machines Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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