Global Cloud Migration Office Tools Market is Likely to Grow at A CAGR Value of Around 16.40% by 2028

04-Aug-2022 | Facts and Factors

According to Facts and Factors, the global cloud migration office tool market size was worth around USD 1,031.20 million in 2021 and is estimated to grow to about USD 2564.84 million by 2028, with a compound annual growth rate (CAGR) of approximately 16.40% over the forecast period. The report analyzes the cloud migration office tool market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cloud migration office tool market.

Consolidating and moving a group of workloads is referred to as "cloud office migration." Emails, files, calendars, different document kinds, associated metadata, instant messages, apps, user permissions, compound structures, and linked components can all be considered workloads. It is customary for such workloads to be moved across various related product classes and at least one permanent on-premises platform or cloud office and a new cloud office environment. Businesses may decide to purge their current platforms during the conversion process by archiving old and out-of-date data. In order to move data between the source and target platforms and assure governance, migration tools must first analyze the corresponding workloads to determine whether the data is judged suitable for migration while keeping its integrity.

Browse the full “Cloud Migration Office Tools Market By Type (Monthly Subscription and Annual Subscription), By Application (Small and Medium Sized Enterprises, Large Enterprises), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/cloud-migration-office-tools-market

The increasing focus of SMEs on moving their server workloads to the on-premise environment is the main factor driving the global market for cloud office migration tools. SMEs are quickly converting to cloud infrastructure in order to increase flexibility, scalability, and cost efficiency. Large corporations are also migrating to the new cloud environment, which is fostering the expansion of the market for cloud office migration tools. The benefits of cloud deployments, such as variable pricing plans, no upfront costs for deployment, no need for a workforce for maintenance, scalability, and others, are a few factors influencing the market for cloud office migration tools. The market's rise can be due to elements including rising adoption and demand for cloud office collaboration tools, an increase in the number of businesses implementing remote working policies, and high running costs for on-premises systems (such as power consumption). However, in some areas, a shortage of qualified IT personnel due to retirement or recruitment issues may impede its development.

Segmental Overview

The global cloud migration services market is segmented into subscription and organization size. Depending on subscription type, the market is bifurcated into monthly and annual subscriptions. The annual subscription segment held the largest market share in 2021. By organization size, the market is segregated into large enterprises and small- & medium-sized enterprises (SMEs). In 2021, the large enterprises category dominated the global market.

Regional Overview

In 2021, the North American region held the largest market share in the global market for cloud office migration tools due to the major presence of the IT & telecom sectors and the robust cloud infrastructure. Digital transformation is being widely used in North American countries in a wide range of industry verticals, including BFSI, healthcare, retail, IT & telecom, and many more. The strong exposure to and awareness of the market's evolving technology is another of the developed and advanced nations' biggest advantages. The benefits of the new technologies are becoming more widely known, which pushes businesses in various industries to adopt them and improve the ones they already use. Businesses' increasing attention is driving the market for cloud office migration tools to the benefits afforded by the cloud.

Due to variables including a high acceptance rate of legacy systems, high IT expenditures, etc., the Asia Pacific area has the second-largest market share and is seeing moderate growth rates, enhancing its capacity for revenue production.

Report Scope

Competitive Landscape

Key players functioning in the cloud migration office tool market include AvePoint, Inc., Binarytree.com Inc., BitTitan, Inc., CodeTwo sp. z o.o. sp. k., Proventeq Limited, Quadrotech Solutions AG, Quest Software Inc., Sharegate Group Inc., Simflofy, SkyKick Inc

Recent developments:

• By including managed services providers (MSPs) in its partner ecosystem in 2019, AvePoint expanded its reach in migration, data protection, and governance solutions for Microsoft Office 365 and SharePoint systems.
• In order to speed up partner clients' adoption of cloud computing, BitTitan launched an exclusive worldwide partner offer in 2019, strengthening their long-standing partnership with Ingram Micro. With the new promotion, qualified Ingram Micro partners can get 50 free MigrationWiz licenses and three free User Migration Bundle licenses for forthcoming migration projects.

The global cloud migration office tools market is segmented as follows:

By Types

• Monthly Subscription
• Annual Subscription

By Applications

• SME (Small and Medium Enterprises)
• Large Enterprise

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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