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ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET FORECAST 2021-2028

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ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET FORECAST 2021-2028

The Asia-Pacific cloud migration services market is projected to register a CAGR of 28.61% across the forecasting years of 2021 to 2028. The market growth of the region is primarily credited to factors such as increasing investments focused on the modernization of information technology (IT) infrastructure, the development of cloud-based digital transformation solutions for meeting the increasing consumer demand amid the COVID-19 pandemic, and the surging incorporation of ‘cloud-first’ approach.

ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET FORECAST 2021-2028

Asia-Pacific Cloud Migration Services Market by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud) Market by Application (Project Management, Infrastructure Management, Security & Compliance Management, Other Applications) Market by Verticals (Banking, Financial Services & Insurance, Manufacturing, Healthcare & Life Sciences, It & Telecommunication, Consumer Goods & Retail, Government & Public Sector, Other Verticals) Market by Organization Size (Large Enterprises, Small & Medium Enterprises) by Geography

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The Asia-Pacific cloud migration services market is projected to register a CAGR of 28.61% across the forecasting years of 2021 to 2028. The market growth of the region is primarily credited to factors such as increasing investments focused on the modernization of information technology (IT) infrastructure, the development of cloud-based digital transformation solutions for meeting the increasing consumer demand amid the COVID-19 pandemic, and the surging incorporation of ‘cloud-first’ approach.

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The Asia-Pacific cloud migration services market growth evaluation entails the assessment of Singapore, Thailand, Indonesia, South Korea, India, China, Japan, Australia & New Zealand, and the rest of the Asia-Pacific. As the second-largest market for cloud migration services, China spent approximately $13 billion on public cloud services, the highest across the Asia-Pacific. Moreover, Huawei, Alibaba, Baidu, and Tencent, among others, are extensively investing in cloud-based artificial intelligence (AI) technology to supplement machine vision, driverless cars, and voice assistants.

With a significant portion of business activity moving to the cloud, the multibillion-dollar cloud services industry in India is expected to grow rapidly. Several companies in the country have also familiarized themselves with cloud adoption over recent years. Moreover, due to government funding, vendor offers, as well as established best practices, cloud computing is gaining added traction in India. As a result, these factors are anticipated to propel the cloud migration services market growth in the Asia-Pacific during the forecast period.

Tech Mahindra, headquartered in India, is a global provider of information technology as well as business process outsourcing services to corporate customers. It also offers consulting and enterprise business solutions, application development and maintenance, infrastructure management services, and extended engineering solutions. The company is operational in the Asia-Pacific, North America, Middle East & Africa, Europe, and Latin America, catering to numerous industries such as banking and financial services, telecommunications, and others.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RISING OPEX INVESTMENTS IN BUSINESSES
        • INCREASED ADOPTION OF REMOTE WORKING
        • LOW OPERATIONAL COSTS AND ACCELERATED DEPLOYMENT
        • LESS INFRASTRUCTURAL COMPLEXITY AND SEAMLESS ACCESSIBILITY
      • KEY RESTRAINTS
        • ADJUSTMENTS TO SECURITY AND COMPLIANCE
        • SHORTAGE OF SKILLED CLOUD PROFESSIONALS
        • VENDOR LOCK-IN PROBLEM IN CLOUD COMPUTING
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON CLOUD MIGRATION SERVICES MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY DEPLOYMENT MODEL
      • PUBLIC CLOUD
      • PRIVATE CLOUD
      • HYBRID CLOUD
    3. MARKET BY APPLICATION
      • PROJECT MANAGEMENT
      • INFRASTRUCTURE MANAGEMENT
      • SECURITY & COMPLIANCE MANAGEMENT
      • OTHER APPLICATIONS
    4. MARKET BY VERTICALS
      • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
      • MANUFACTURING
      • HEALTHCARE & LIFE SCIENCES
      • IT & TELECOMMUNICATION
      • CONSUMER GOODS & RETAIL
      • GOVERNMENT & PUBLIC SECTOR
      • OTHER VERTICALS
    5. MARKET BY ORGANIZATION SIZE
      • LARGE ENTERPRISES
      • SMALL & MEDIUM ENTERPRISES
    6. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY PROFILES
        • ACCENTURE
        • AMAZON WEB SERVICES INC (AWS)
        • CISCO SYSTEMS
        • DXC TECHNOLOGY
        • GOOGLE
        • IBM CORPORATION
        • INFORMATICA
        • MICROSOFT CORPORATION
        • NTT DATA CORPORATION
        • RACKSPACE TECHNOLOGY INC
        • RIVERMEADOW SOFTWARE INC
        • TECH MAHINDRA LIMITED
        • VMWARE INC
        • WSM INTERNATIONAL
        • ZERTO (HEWLETT PACKARD ENTERPRISE)

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – CLOUD MIGRATION SERVICES

    TABLE 2: TOP COUNTRIES HIRING REMOTELY

    TABLE 3: SHORTAGES OF SKILLED IT PROFESSIONALS IN 2020

    TABLE 4: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY DEPLOYMENT MODEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY DEPLOYMENT MODEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY VERTICALS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY VERTICALS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 13: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 14: KEY PLAYERS IN ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    LIST OF FIGURES

    FIGURE 1: PERCENTAGE OF COMPANIES PLANNING TO SHIFT TO MORE REMOTE WORK POST-COVID-19 (IN %)

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODEL, IN 2020

    FIGURE 7: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY PUBLIC CLOUD, 2021-2028 (IN $ MILLION)

    FIGURE 8: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY PRIVATE CLOUD, 2021-2028 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY HYBRID CLOUD, 2021-2028 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 11: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY PROJECT MANAGEMENT, 2021-2028 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY INFRASTRUCTURE MANAGEMENT, 2021-2028 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY SECURITY & COMPLIANCE MANAGEMENT, 2021-2028 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY VERTICALS, IN 2020

    FIGURE 16: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2021-2028 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY HEALTHCARE & LIFE SCIENCES, 2021-2028 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY IT & TELECOMMUNICATION, 2021-2028 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY CONSUMER GOODS & RETAIL, 2021-2028 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2021-2028 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY OTHER VERTICALS, 2021-2028 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2020

    FIGURE 24: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY LARGE ENTERPRISES, 2021-2028 (IN $ MILLION)

    FIGURE 25: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY SMALL & MEDIUM ENTERPRISES, 2021-2028 (IN $ MILLION)

    FIGURE 26: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 27: CHINA CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 28: JAPAN CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 29: INDIA CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: SOUTH KOREA CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 31: INDONESIA CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 32: THAILAND CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 33: SINGAPORE CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 34: AUSTRALIA & NEW ZEALAND CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 35: REST OF ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • SINGAPORE
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY DEPLOYMENT MODEL
      • PUBLIC CLOUD
      • PRIVATE CLOUD
      • HYBRID CLOUD
    2. MARKET BY APPLICATION
      • PROJECT MANAGEMENT
      • INFRASTRUCTURE MANAGEMENT
      • SECURITY & COMPLIANCE MANAGEMENT
      • OTHER APPLICATIONS
    3. MARKET BY VERTICALS
      • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
      • MANUFACTURING
      • HEALTHCARE & LIFE SCIENCES
      • IT & TELECOMMUNICATION
      • CONSUMER GOODS & RETAIL
      • GOVERNMENT & PUBLIC SECTOR
      • OTHER VERTICALS
    4. MARKET BY ORGANIZATION SIZE
      • LARGE ENTERPRISES
      • SMALL & MEDIUM ENTERPRISES

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