North America Market Analysis
North America in cloud integration, migration and optimization market is projected to hold more than 38.8% revenue share by 2037. The region is accelerating in growth through its technological advancement and well-established cloud network. As businesses shift their IT infrastructure to the cloud, the need for assisted and secure migration and other services increases. The region holds global tech leaders such as IBM, AWS, Azure, GCP, and others, who are consolidating their position in the landscape through their efforts to bring innovation. For instance, in January 2024, Accenture acquired Navisite to offer scalable infrastructure management services. The new addition will help the company to modernize the business cloud environments across the region by integrating AI.
Leaders of the U.S. cloud integration, migration and optimization market are evolving their services according to the need for modernization. They are implementing strategies to establish their reach of hybrid and multi-cloud businesses. For instance, in November 2023, Broadcom acquired VMware to offer its enterprise customers a solution for modernizing and optimizing their private and hybrid cloud environments. In addition, Broadcom will utilize a wide range of VMware services to optimize its cloud and edge solutions.
Considering the increasing demand for cloud services, leaders of the market are willing to expand their reach in Canada. Companies are now developing new technology to meet the regulatory framework of this country. This has influenced many financial and other core institutions to adopt such technological upgradation. For instance, in June 2024, the National Bank of Canada extended its partnership with Kyndryl to propel its digitalization and cloud migration, enhancing operational agility.
APAC Market Statistics
Asia Pacific is fostering great investment opportunities for the cloud integration, migration and optimization market during the forecast period. Developing countries such as Japan, China, India, and South Korea are taking initiatives to leverage their cloud infrastructure through adopting these services or tools. Many tech companies are collaborating to promote the integration of new technologies into existing cloud systems, improving efficiency and scalability. For instance, in October 2024, Asteria and SendQuick partnered to integrate API technology to build a unified communication solution for Southeast Asia and Japan markets. The initial collaboration with Gravio will establish a secure and diversified connection between humans and technologies including AI and IoT.
India is paving the way for registering remarkable growth in the cloud integration, migration and optimization market in the upcoming years. Many domestic tech leaders are supervising new integrations for developing revolutionary cloud solutions. For instance, in May 2024, Tata Communications and Cisco collaboratively launched Webex Calling with a cloud Public Switched Telephone Network (PSTN) for businesses in India. The new service is built by integrating Cisco’s Webex Calling with the cloud voice services of Tata Communications GlobalRapide platform.
China is also transforming its cloud infrastructure to foster the scope of development in the market. Companies from different industries are collaborating with domestic tech leaders to escalate their development in the cloud environment. For instance, in 2021, Haitong Securities launched a cloud management platform by integrating OnePro’s cloud migration module in China, HyperMotion. The migration services are integrated in the form of REST API, which will allow simple configuration without downtime.
Author Credits: Abhishek Verma
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