Did you know? Cloud migration services had a market value of USD 119.13 billion in 2020 and are indicated to grow at a CAGR (compound annual growth rate) of 28.89 per cent to USD 448.34 billion by 2026.
Migrating to the cloud has been one of the most lucrative and beneficial business decisions businesses of all sizes have made over the past several years. Cloud computing has allowed companies to:
- streamline their infrastructure
- reduce operating costs
- provide customers with faster access to information
Not only that, but its benefits have also helped businesses increase employee and leadership team members’ productivity and efficiency.
Therefore, businesses that have yet to switch to the cloud may not realise what they’re missing out on. However, those who move to the cloud in 2022 will be significantly ahead of their competitors when operating more efficiently than ever.
So, let us go through its advantages in greater depth.
Why Do You Need To Keep Your Eyes Open For Cloud Migration Services In 2022?
1. The improvement of business agility
The cloud rapidly matures from a technical solution for applications and workloads into an agile business platform. This is how its broad ecosystem of support help companies to increase business agility.
According to Statista, by 2021, 90 per cent of major corporate respondents will have implemented multi-cloud.
That represents an incredible opportunity for providers with expertise in:
- migrating enterprise workloads analytics
- big data solutions
- SaaS offerings, and more.
Besides, today, businesses have become accustomed to having access to information anytime, anywhere. With the rise of mobile devices and social media, companies need to keep pace with these changes and adapt.
You must react quickly because market conditions and customer needs are continuously shifting. You can achieve it through cloud migration. Your data can be moved onto the cloud, improving responsiveness and decreasing downtime.
You can also use the cloud to store large amounts of data, allowing you to scale your storage capacity without worrying about hardware limitations.
2. Cost-cutting in IT elements
The first benefit of availing of cloud migration services is reduced costs. When migrating your data from your current server to the cloud, you no longer need to purchase expensive hardware and software. Instead, you can rent these resources from the cloud provider at a fraction of the cost.
The cost savings associated with cloud migration can vary depending on your chosen service type. Some providers offer free migration, while others charge monthly fees.
Moreover, whatever you choose, you should expect to save money over time. When you consider that cloud migration can help you avoid the costs associated with purchasing additional servers, upgrading software, and hiring IT staff, you’ll realise how much money you could be saving.
Also, you pay only for the resources you use. This means you can save a lot of money without compromising the performance of your business operations.
3. Improving Security
One of the most significant & crucial concerns many companies have today is ensuring their data is safe from hackers. When you use cloud-based applications, you no longer need to worry about where your data is located.
This is because your sensitive information is stored securely on servers located worldwide, making it difficult for hackers to access it. Besides, you can be assured that your company’s data is safe from cybercriminals.
Besides, cloud migration services can improve cloud security by finding issues before they become a problem and alerting you. The right service will also help you take steps to correct these security problems or help you address concerns about things like encryption and keeping sensitive data safe from attack. Also, cloud services provide automatic backup, which is especially useful in the event of a shutdown.
Furthermore, according to RapidScale, 94 per cent of firms noticed an improvement in security after transitioning to the cloud, and 91% said the cloud makes meeting regulatory compliance needs easier.
4. Facilitating the digital transformation:
While older generations have been slow at adopting new technology, younger generations have been quick—they’ve grown up with computers and cell phones, and there’s no turning back now.
Businesses that want to stay relevant are doing whatever they can to become more tech-forward as quickly as possible. And what better way than by moving everything from servers to data storage into one of many cloud services?
With the right provider, migrating to the cloud is surprisingly easy, even if you don’t have much experience with technology.
Here, you can learn more about the 7 Top Reasons Why Digital Transformation Is Crucial for Business Growth.
5. Removing end-of-life concerns
Small businesses can often get away with using outdated hardware and software. That may seem good, but end-of-life cycles are growing shorter. This means that if you stick with your current system, there will come a time when you have to replace everything at once—and potentially pay more than necessary because of what’s no longer supported by manufacturer updates.
The cloud eliminates end-of-life concerns; it also saves you money on infrastructure by allowing you to rent what important you need for as long as you need it, rather than investing in equipment requiring frequent upgrades.
6. Consolidating data centres
Data centres have traditionally been expensive and complicated, but using cloud computing can make it easier to manage your IT infrastructure. By leveraging multiple cloud providers, you can ensure redundancies (i.e., if one network or system goes down, another can pick up where it left off).
Additionally, some companies don’t need dedicated servers for every purpose—and renting virtual servers as needed is often more cost-effective than buying a physical server. Virtualization also makes it easier to scale when your needs change. You can increase capacity simply by adding new resources, and you don’t have to wait for new hardware before things are up and running again.
7. Accelerating growth
Though cloud computing remains a relatively new technology, it has exploded over the past few years. According to Statista, global cloud IT infrastructure spending will reach 90 billion U.S. dollars by 2022.
This ever-evolving high growth can be attributed to a simple reason: cloud computing simplifies and accelerates IT initiatives for businesses of all sizes. Whether deploying basic productivity tools or sophisticated analytics solutions, implementing cloud solutions takes far less time than traditional on-premises systems.
8. Easy to integrate new technologies
Cloud computing’s growth cannot be denied. Businesses are learning how to incorporate cloud-based infrastructure, from consumer-facing products like Gmail and Netflix to commercial systems like Salesforce.
Businesses are looking for novel technology methods to increase productivity and save operating expenses. Utilizing cloud computing is one method they are using to accomplish this. Instead of installing apps locally on their computers, cloud computing enables users to access them online.
This is not only because it is less expensive, more efficient, and easier to maintain, but it provides far more flexibility than legacy systems.
Here, you can learn more about the Top 7 Reasons Why Android Is So Popular For Mobile App Development.
We hope this post has given you a better idea of why you shouldn’t miss out on cloud migration services in 2022. Of course, every organisation has unique requirements, but if you’re looking for new cloud services, planning ahead of time is essential. Take the time to investigate available cloud services so you can select the best one for your company and watch it develop.
By following these eight advantages, we are confident that you will be able to stay ahead of the competition by investing in cloud migration services. If you are still unsure what cloud services you should invest in, please let us know! We would love to help you out. We hope you stay with us for your next cloud migration and all your cloud services needs, so please don’t hesitate to contact us.