The cloud office migration tool market expected to grow from US$ 740.3 million in 2019 to US$ 2,753.8 million by 2027; it is estimated to grow at a CAGR of 17.8% from 2019 to 2027.
Advantages of cloud workload over on-premises solutions is attributing to the growth of the Cloud Office Migration Tool market. There can be several objectives for an enterprise to adopt cloud. It ranges from business drivers, including digital transformation, to operational goals, for instance, cost-efficiency. Enterprises that run their data center generally design, size, and procure hardware for precise application. This hardware includes compute, storage, and networking, among other specialized equipment. The hardware usually has a lifecycle of three to five years and it needs to be replaced by the new generation of hardware. Enterprises replace this hardware to attain improved efficiency and performance. Each replacement need considerable capital expenditures (CAPEX) investment and experienced IT professionals to handle and maintain system function.The cloud-based workload is managed and hosted by the server, and the cost of implementation is lower than on-premise solutions. The users are required to pay as per their usage of cloud storage. Thus, migrating workload can help enterprises in saving CAPEX and enables them to move towards valuable operating expenditure (OPEX) model.
Lucrative Regions in Cloud Office Migration Tool Market
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Market Insights– Cloud Office Migration Tool Market
Growth in adoption of hybrid and multi-cloud infrastructure
It is anticipated that, in the coming years, various organizations will adopt hybrid and multi-cloud strategies in coming years, as these systems are trending in the relevant sectors. Organizations are expected to opt for these strategies as they are reluctant to depend on a single cloud vendor. According to IBM, 98% of organizations are planning to utilize multiple hybrid clouds by 2021. Hybrid cloud provides the benefits of both public and private clouds, by enhancing flexibility to work between both the cloud solutions. Further, it enables organizations to protect their confidential data by storing it into the private cloud, and simultaneously use the public cloud for storing public data. Moreover, it also cost-effective as well as mitigates the risk of business loss.
The requirements of specific applications and functions will differ with the increase in specialized services. This in turn encourages the business managers to opt multi-cloud and hybrid solutions to run the system effectively and efficiently.
Subscription-Based Insights
Based on subscription, the cloud office migration tool market is segmented into monthly subscription, annual subscription. The annual subscription segment held the largest market share in 2018.
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Cloud Office Migration Tool Market: Strategic Insights
Market Size Value in US$ 740.3 Million in 2019 Market Size Value by US$ 2,753.8 Million by 2027 Growth rate CAGR of 17.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Cloud Office Migration Tool Market: Strategic Insights
Market Size Value in | US$ 740.3 Million in 2019 |
Market Size Value by | US$ 2,753.8 Million by 2027 |
Growth rate | CAGR of 17.8% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystPlayers operating in the cloud office migration tool market are mainly focused on the development of advanced and efficient products.
- In 2019, AvePoint extended its reach in migration, data protection and governance solutions for Microsoft Office 365 and SharePoint environments by adding managed services providers (MSPs) to its partner ecosystem.
- In 2019, BitTitan enhanced longstanding relationship with Ingram Micro by launching an exclusive global partner offer to accelerate cloud adoption for partner customers. The new offer enables qualified Ingram Micro partners to receive free User Migration Bundle licenses for three upcoming migration projects for a total of 50 free MigrationWiz licenses.
The cloud office migration tool market has been segmented as follows:
Cloud Office Migration Tool Market – by Subscription
- Monthly Subscription
- Annual Subscription
Cloud Office Migration Tool Market – by Organizational Size
- SMEs
- Large Enterprises
Cloud Office Migration Tool Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- U.K
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- Australia
- India
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Cloud Office Migration Tool Market – Company Profiles
- 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Subscription ; Organizational Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The growth of the Cloud Office Migration Tool market in Europe is primarily attributed to the strong BFSI sector in the region. As BFSI companies are largely moving toward cloud deployment, the demand for cloud office migration tools is expected to further grow in the region.
Increasing inclination of SMEs towards cloud offers lucrative opportunity for the Cloud Office Migration Tool market in future. Migrating workloads on the cloud among SMEs is expected to grow as cloud-based services facilitate these enterprises to reduce costs and give them access to IT services.
Monthly subscription plans are mostly popular among SMEs and by businesses that need to test the service before using it. This is because monthly bill offers a much more manageable upfront fee and encourages customers to opt for cloud office migration services.
The List of Companies
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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