Increased migration of workloads to cloud environment
The cloud migration services market is on an exciting curve driven by
factors such as increased migration of workloads to cloud environment by Small
and Medium Enterprises (SMEs) and the inclination of enterprises toward
improved security & increased business agility.
However, fear of vendor lock-in, risk of data loss, and cloud
interoperability are some of the major restraints and challenges in the market.
The cloud migration services market size is estimated 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% from 2016 to 2021, according to Research and Markets.
