Cloud Office Migration Tool Market was valued US$ 650.4 Mn in 2018 and is expected to reach US$ 2,753.8 Mn by 2027 with a CAGR growth rate of 17.8% in the forecast period from 2019 to 2027.
Migrating workloads on the cloud can be very beneficial for SMEs as cloud-based services facilitate these enterprises to reduce costs as well as give them access to IT services. The use of cloud migration is becoming increasingly important in the business world. Digital connectivity is driving improved business outcomes as well as enabling SMEs to have easy access to cloud-based apps and software, thus enhancing their productivity and growth. Additionally, along with a reduction in costs, cloud-based solutions also offer scalability and agile infrastructure, which supports the growth during increased demands. Further, the growth of SMEs in emerging economies is another significant factor offering opportunities to the growth of the cloud office migration tool. The growth is attributed to supporting government initiatives for cloud adoption by SMEs in these economies. The rising inclination of SMEs towards cloud adoption offers lucrative growth opportunities to the players operating in the cloud office migration tool market.
Get Sample Copy at https://www.theinsightpartners.com/sample/TIPRE00007762
Cloud office migration tool Market – Strategic Insights
Some of the market initiatives were observed to be most adopted strategy in the global cloud office migration tool market. Few of the recent market initiatives adopted by the market players operating in the cloud office migration tool market are listed below:
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.
2018: Binary Tree has launched Power365 Directory Sync, a cloud-based directory synchronization solution that can handle the most complex integration scenarios associated with mergers, acquisitions, and divestitures.
2018: BitTitan announced new set of automation capabilities for MSPComplete for service providers and IT professionals to provide professional, managed, and help desk-related services for Microsoft Azure.
Increase in the adoption of cloud office migration tools is expected to accelerate the market in Asia Pacific region. Pertaining to the fact of better mobility, scalability, and easy integration of cloud office migration tools with the existing systems. The countries of Asia Pacific are working towards a common goal, which is sustainable and long-term economic growth through digitalization. Internet penetration is rising at a high pace throughout the region owing to various factors such as cost efficiencies, improvement in traffic control, and deregulation of rules with an aim to enhance the connectivity of the internet. Further, the rising trend for BYOD and internet users in the region is positively accelerating the need for advanced mobile and internet services leading to an increase adoption of cloud office migration tools.
Buy Complete Report at https://www.theinsightpartners.com/buy/TIPRE00007762