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Cloud Services Market Research Reports & Consulting
Let's examine why an organization would consider cloud services. Not surprisingly, the potential for cost savings is a huge factor in the equation but apart from searching the ways to reduce IT expenditures without sacrificing technological advantages, secure, high-available, scalable infrastructure to the masses are other few factors in driving the need to adopt cloud services among organizations. Cloud-based services are ideal for businesses with growing or fluctuating bandwidth demands; Businesses of all sizes can implement cloud-based backup and recovery solutions that save time, avoid large up-front investment and roll up third-party expertise; Cloud-based workflow and file sharing apps stored centrally provides real time updates and full visibility of collaborations. Cloud-based services allows standardizations across locations.
Indeed, the strongest opportunities of the cloud will be found at the intersection with big data, analytics, cognitive computing, social and collaboration solutions, mobility and smart solutions, Internet of things (IoT), and other digital elements into business is most likely beyond traditional in-house ability and activity. Moreover, opening a new office location, remote working and employees' mobility are far easier with a cloud infrastructure.
Horizontal functions such as CRM, particularly in the sales area, security, storage, and HR & payroll already have strong adoption rates in the cloud whereas SCM (inventory, enterprise asset management and supplier management, while logistics and production planning are kept in house), procurement, engineering (CAD, CAE, CAM) will be having high growth prospects in the near future. Also, Industry-specific applications will be a driving force to the cloud as businesses look for solutions that can be easily configured to the unique business and vertical requirements. With the huge increase in the number and diversity of services available in the market, organizations across industries will shift steadily toward cloud-first strategies to enable digital transformation.
The competitive advantage for organizations will lie in how well they integrate and leverage the cloud value chain as a central part of the business in competing against "digital-native" and "born-in-the-cloud" organizations. As, looking at the different industries adopting cloud services, drivers will remain same but the proliferation in the verticalization of the cloud is not the same across them due to many factors, including key inhibitors such as apprehensions around privacy, security and compliance. For example, from a security and compliance perspective, floating a banking, financial services and insurance (BFSI) cloud is much more complex than floating a retail cloud. Data residency, as mandated by many countries, can hinder the adoption strategy.see less
Let's examine why an organization would consider cloud services. Not surprisingly, the potential for cost savings is a huge factor in the equation but apart from searching the ways to reduce IT expenditures without sacrificing technological advantages, secure, high-available, s ....see more
Cloud Migration Services Market by Service Type (Cloud Integration, Application Management & Monitoring, Disaster Recovery, Application Load & Testing, Professional Service & Managed Service), Application, and Region - Global forecast to 2021
The cloud migration services market is expected to grow from USD 2.42 Billion in 2016 to USD 7.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. Rising demand for cloud-based solutions and services, along with the need to lower operational costs and enable quick disaster recovery are the factors driving the cloud migration services market.
|September 2016||$ 5650|