The Asia-Pacific cloud migration market is projected to grow at a significant CAGR during the forecast period. The market is mainly driven owing to the cohesive government initiatives to promote digitalization. For instance, in 2015, the Indian government launched the Digital India campaign to promote digitalization, increase internet connectivity and improve online infrastructure within the country. This, in turn, is supporting the rising number of internet users in the country. As per the World Bank, the percentage of the population using the internet in the country was 34.4% in 2017, increased from 22.0% in 2016. Therefore, the rising internet penetration in the country further provides significant adoption of cloud services in the country.
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Moreover, the rising internet servers in China, Japan, and India are some of the major factors that propel the demand for private cloud adoption. The secured internet servers use encryption technology for internet transactions and data storage that offers a secured cloud infrastructure for enterprises and individuals. According to the World Bank in 2015, there were 19.7 secure internet servers per million people in China, which further increased to 446.7 per million people in 2018. Thus, the exponential growth in the number of secured internet servers is fueling the demand for cloud migration services that contributes to the growth of the market.
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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
- Regions Covered- China, India, Japan, and the Rest of Asia-Pacific
- 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?
Asia-Pacific 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)
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
