European cloud migration market is projected to grow at a significant CAGR during the forecast period. The market is mainly driven due to the adoption of private cloud services owing to the significant presence of data protection laws in the region. In order to protect data through better security, the European Union introduced GDPR on 25th May 2018 after the approval in April 2016 after the 4-year preparation and debate. It has replaced the Data Protection Directive 95/46/EC. The new law aims to provide equal data privacy and protect the personal data of users and customers of companies all across Europe.
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The authoritative bodies include the European Commission, European Parliament, and the Council of Ministers of the European Union. Under the law, the companies/organization which are gathering the data have to ensure that it should be gathered legally, and it is mandatory to protect it from misuse and exploitation otherwise have to face penalties for not following it.
The law applies to each company or entity which processes personal data at its branches in the European Union, irrespective of the location of the data process. It is also applied to the companies situated outside the EU and providing goods or services or monitoring customer behavior in the EU. Implementation of this law will augment the need for private cloud services to secure it from data breaches, thereby, augmenting the demand for cloud migration services in the region.
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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- UK, Germany, France, Italy, Spain, and the Rest of Europe
- 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?
European 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.
