Market Research Report
Asia-pacific Cloud Migration Services Market Forecast 2021-2028
|Asia-pacific Cloud Migration Services Market Forecast 2021-2028|
Published: October 11, 2021
Content info: 173 Pages
Delivery time: 2-3 business days
The Asia-Pacific cloud migration services market is anticipated to record a CAGR of 28.61% over the forecasted years of 2021 to 2028. The region's market growth is fuelled by key drivers such as the rising incorporation of a 'cloud-first' approach, the development of cloud-based digital transformation solutions for meeting the growing consumer demand amid the COVID-19 pandemic, and increasing investments focused on the modernization of information technology (IT) infrastructure.
The Asia-Pacific cloud migration services market growth analysis includes the evaluation of Singapore, Thailand, China, Japan, Australia & New Zealand, Indonesia, South Korea, India, and the rest of the Asia-Pacific. Japan is one of the leading cloud migration services markets across the Asia-Pacific. As per industry sources, over 59% of business enterprises in the country utilized cloud computing services for data sharing as well as file storage. Japan's modern regulations, such as privacy legislation, further facilitate and promote cloud computing and the digital economy.
On the other hand, the cloud migration services market in Japan is proliferating as a result of public and direct investment in ICT infrastructure, in addition to the government's commitment towards cloud services. Furthermore, the rising adoption of cloud services by the country's small and medium-sized enterprises plays a vital role in raising the demand for cloud migration services. Therefore, these factors are projected to augment the market growth in the Asia-Pacific during the forecast period.
Some of the leading enterprises in the market are: Tech Mahindra, NTT Data Corporation, Alibaba Cloud, Tencent Cloud, etc.