Cloud migration market will reach $448 billion in 2026

The cloud migration services market, which was valued at US$119.13 billion in 2020, will grow by 28.89% between 2021 and 2026 and is expected to reach US$448.34 billion that year. The estimate is from the consultancy Mordor Intelligencewhich estimates that the growth of this segment in the last decade is related to the increase in cloud investments made by small and medium-sized companies.

According to the consultancy, globally, many organizations have already switched to cloud platforms to take advantage of their benefits and, in recent years, cloud adoption has been an important option for IT cost reduction strategies. A study by Gartner predicts that, by the year 2027, the market for public cloud services, for example, should reach US$ 1 trillion, a value that should exceed all other areas of Information Technology (IT).

With 10 years of experience in the IT area, Rafael de Mendonça Rolando comments that the process of digitizing companies and joining the migration to the cloud has been happening gradually over the last decade, but has been accelerated due to the travel restrictions imposed to combat to Covid-19.

“Many companies were forced to adapt and adopt solutions to provide means in which their employees might work remotely and continue the business operation”, he recalls.

He attests that migrating data to the cloud offers a variety of advantages and benefits for organizations of all sizes. According to him, one of the main advantages is scalability, as the cloud ensures the ability to dynamically increase and decrease computational and storage resources according to demand.

“This makes it easier for companies to respond to sudden changes in demand and increases the capacity for business growth without the restriction imposed by local resources that are often limited or specified for a specific demand,” he says.

The IT professional points out that another advantage of migrating to the cloud is security, since providers of this technology invest heavily and continuously in security measures and guarantees of compliance of their infrastructure with the most diverse certifications and standards required worldwide, in addition to having teams of specialists monitoring the system 24 hours a day, seven days a week.

“Such a level of security and compliance is often costly and difficult to replicate internally. But by moving their workflows to the cloud, organizations can benefit from and enjoy a highly secure and resilient infrastructure without worrying regarding its maintenance and management,” he says, adding that cloud providers offer a variety of data protection services. such as backups, encryption of stored data, auditing and disaster recovery solutions. “These features help ensure that important data is secure and accessible at all times,” he adds.

Cost reduction is also on the list of advantages of migrating to the cloud

In Rafael Rolando’s experience, another important advantage of migrating data and systems to the cloud is the reduction in the so-called Total Cost of Ownership, especially related to the acquisition, maintenance and management of equipment (hardware).

“Cloud providers, for the most part, offer flexible pricing on a pay-as-you-go model (pay-as-you-go), which enables companies to pay only for what they actually use. This helps them better manage their budgets and avoid excessive spending on IT resources, changing from a Capex model (expenses or investments in capital goods) to an Opex model (operating expenses)”, he informs.

Rolando also states that migrating to the cloud can promote more collaboration and productivity in the organization. According to him, with cloud solutions, work teams can access and share data and information from anywhere connected to the internet, facilitating teamwork, regardless of where the resources are located.

“This is perhaps one of the advantages with which people who are not from the Technology area are more able to relate to the cloud. Every time you join a videoconference or share a file with a coworker, you are using the cloud”, he clarifies, adding that cloud providers offer a range of tools for collaboration and productivity, such as e-mails, instant messages and management. of projects. “These tools can help organizations to simplify their workflows and give more agility and efficiency to their business”, he concludes.

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