February 24, 2024

The Emergence and Evolution of Global Cloud Migration Services Addressing Challenges and Maximizing Benefits

Rise of Global Cloud Migration Services

The rapid adoption of cloud computing by organizations around the world has created a huge demand for cloud migration services. As more and more enterprises look to leverage the scalability, flexibility and cost savings offered by the cloud, migrating existing infrastructure and applications to the cloud has become a top priority. According to analysts, the global cloud migration services market is expected to grow at a CAGR of over 20% in the next 5 years. Let us take a deeper look into this rising trend and some of the leading players providing cloud migration services globally.

Why is Cloud Migration Important?

Migrating to the cloud helps organizations in various ways:

Cost Savings: Cloud platforms offer significant savings on infrastructure maintenance, hardware procurement and data center costs. Migrating to cloud helps cut capital expenditure and transforms costs from capital to operational model.

Scalability: The cloud provides almost unlimited scalability which allows businesses to scale their infrastructure up or down automatically based on demand. On-premise systems lack such flexibility and agility.

Accessibility: Applications hosted on cloud are accessible from anywhere on any device. This improves productivity and collaborations for distributed and remote workforces.

Disaster Recovery: Cloud providers ensure high availability and business continuity through replication across data centers. This removes the risk of downtime due to hardware or software failures.

Focus on Core Business: Maintaining on-premise infrastructure requires substantial effort and resources which can otherwise be devoted to core business objectives. Cloud migration frees up these resources.

Adoption of New Technologies: Cloud platform upgrades and technology refreshes are managed by providers. This allows organizations to quickly adopt new technologies like AI/ML, Big Data analytics etc.

Key Challenges in Cloud Migration
While cloud migration has clear benefits, it also poses challenges that require experienced expertise:

Application Refactoring: Most legacy applications need to be refactored or re-architected to make the most of cloud-native services for scalability, security etc. This requires skills and planning.

Data Migration: Migration of large volumes of critical data from on-premise to cloud in a manner that does not impact operations or lead to data loss is a complex task.

Network Configuration: Ensuring optimal network bandwidth allocation and security across cloud-premise hybrid environments require specialist knowledge.

Change Management: Large-scale cloud migrations disrupt existing processes and culture. Proper change management is needed to ensure user adoption.

Security Concerns: Migration should not compromise on security compliance and practices. Robust security architecture is important.

Testing and Validation: Extensive testing is needed to validate workloads and applications perform as expected in cloud before switchover.

The Rise of Global Cloud Migration Services  Market

To help enterprises overcome challenges in cloud migration and reap maximum benefits, a robust ecosystem of cloud migration service providers has emerged globally.

Migration Strategy and Planning: These service help organizations formulate optimal cloud migration strategy and roadmap based on objectives, workloads, budgets etc. Experts analyze current state and recommend phased approach.

Workload Assessment: Providers assess legacy infrastructure, applications and workloads to identify candidates for lift-and-shift or refactoring. Dependencies are mapped along with resource requirements in cloud.

Data Assessment: Critical to plan data flow between on-premise and cloud. Services help evaluate storage methods, cleaning and formatting data for cloud.

Application Refactoring: Specialist teams refactor code to modernize applications, re-architect for elastic scaling, add observability and reconfigure for containers.

Migration at Scale: Core services manage bulk data transfer over networks, deploy target cloud infrastructure and refactor complex monoliths to microservices.

Testing and Validation: End-to-end testing as per compliance and performance criteria before switching to production on cloud.

Knowledge Transfer and Adoption: Training and enablement ensure client teams learn cloud best practices and continue managing migrated workloads autonomously.

Managed Services: For operating and optimizing hybrid estates post-migration through monitoring, management, cost optimization etc.

Some leading players offering global cloud migration services include Accenture, Capgemini, DXC Technology, IBM, Cognizant, Atos, Cloudamize, Cloudnexa, SorceDay, Novosoft, SAP, Zerto and many more. With growing cloud adoption worldwide, this specialized market is set for steady growth in the coming years.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it