Cloud migration services market growing at 23.9% CAGR to 2021

Global cloud migration services market size is estimated to grow from USD2.42 billion in 2016 to USD7.06 billion by 2021, at a CAGR of 23.9% driven by factors such as increased migration of workloads to cloud environment by Small and Medium Enterprises (SMEs) and the inclination of enterprises to ward improved security & increased business agility, according to a report from RnRMarketResearch.

Fear of vendor lock-in, risk of data loss, and cloud interoperability are some of the major restraints and challenges in the market.

Migrating workloads in real-time, integration of existing infrastructure into cloud system, cloud assessment, faster deployments, and automated disaster recovery are some of the upcoming trends in the cloud migration services market.

Cloud migration services have enabled efficient business operations and improved security along with collaborative working across different geographical locations. The report covers detailed information regarding the major factors influencing the growth in the cloud migration services market, such as drivers, restraints, challenges, and opportunities.

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