Cloud Office Migration Tool Market Size and Competitive Analysis by 2027

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.

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Cloud Office Migration Tool Market: Strategic Insights

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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.

Cloud Office Migration Tool Market Regional Insights

The regional trends and factors influencing the Cloud Office Migration Tool Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Cloud Office Migration Tool Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Cloud Office Migration Tool Market Report Scope

Cloud Office Migration Tool Market Players Density: Understanding Its Impact on Business Dynamics

The Cloud Office Migration Tool Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Players 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