Cloud Migration Assessment Tools Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Cloud Migration Assessment Tools Statistics 2023: Facts about Cloud Migration Assessment Tools outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Cloud Migration Assessment Tools, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Cloud Migration Assessment Tools Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Cloud Migration Assessment Tools Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 33 Cloud Migration Assessment Tools Statistics on this page 🙂

Cloud Migration Assessment Tools “Latest” Statistics

  • The quantity of data that has to be moved and stored on the cloud may be reduced overall using storage efficiencies like data deduplication, compression, and compaction, which can save expenses by up to 70%.[1]
  • By 2022, more than 90% of worldwide businesses will use hybrid clouds, according to a March 2020 research.[2]
  • Global cloud traffic as a proportion of all internet traffic increased from 1.26% to 1.83% between February 1 and April 19, 2020, up by 45%, according to a deep packet inspection study on network traffic.[2]
  • 58% of small firms with 50-99 workers that participated in an idc poll favored spending money on cloud and hosted solutions.[2]
  • According to Gartner, 60% of infrastructure and operations professionals will experience public cloud cost overruns that have a detrimental effect on their on time performance through 2024.[2]
  • According to Gartner, more than 70% of businesses have now moved at least some workloads to the public cloud.[2]
  • Public clouds would increase from 23% to 35% of the overall workload, while private and hybrid clouds would reach 20% and 7% of the burden, respectively.[2]
  • With the three cloud ETFs generating an average year to date return of 47% as of October 30 compared to just 22% for the NASDAQ and 1% for the S&P 500, assets weren’t the only thing rising; performance was as well.[2]
  • Overall internet traffic increased by 38% over the same period, therefore cloud traffic, as measured by the absolute amount of bits per day, increased by almost precisely 100%.[2]

Cloud Migration Assessment Tools “Other” Statistics

  • Fast track decision-making for cloud migration with a customized assessment to reduce costs by up to 50%.[2]
  • Early users of SQL translation saw a 95% successful translations on 10M+ queries, leaving only 5% of queries for manual review with their migration partners.[2]
  • Better functionality was cited as the top motivation for deploying an ERP system by 84% of users, who anticipated spending less on the system than 40% of businesses did.[2]
  • A wider shift toward more personalization in eERP systems results 82% of UK CIOs prefer to employ UI overlays or customized ERP solutions.[2]
  • By 2022, according to a Gartner estimate, artificial intelligence will be incorporated into ERP systems, according to 65% of CIOs.[2]
  • ERP installation after 93% of firms rate their ERP initiatives as successful, according to a 2020 report.[2]
  • The XAAS market reached around $94 billion in 2018, and a pre-COVID19 prediction estimated that it will reach over $340 billion by 2024 with a five year annual growth rate of 24%.[2]
  • Revenues in calendar Q1 2020 increased by 31% over the same time in 2019 despite broad downturn in tech spending.[2]
  • The cost of maintaining an ERP system for major businesses with yearly sales above $1 billion is 23% of that amount.[2]
  • The global ERP software market rose by 9% in 2019, with total software sales reaching a global value of over $39 billion.[2]
  • 67% of distributors and manufacturers said their implementations were effective or very successful in a 2019 poll.[2]
  • In a survey of businesses using ERP, 85% of respondents had an anticipated timetable for ROI, and 82% of that group realized ROI in the anticipated time.[2]
  • Accounting was cited by 89% of businesses intending to buy ERP software as the most important ERP function in a poll.[2]
  • A security expert study conducted in April 2020 found that 94% of respondents thought the pandemic increased the degree of cyberthreat.[2]
  • Manufacturing businesses make up the biggest segment of those wanting to buy ERP software, with 47% of companies.[2]
  • Only 15% thought that the cyberthreat will revert to its pre pandemic levels, while five out of six believed that the new threat level is permanent.[2]
  • Revenues for 2020 are likely to be over $125 billion, increasing to more than $160 billion in 2021.[2]
  • Some businesses saw a cost increase of 20% to 50% solely due to an increase in consumption, without taking into account the cost of additional apps or data.[2]
  • The aggregate revenues of the top three semiconductor firms that reveal segmented data center sales increased by just 3% in 2019 to just under $30 billion.[2]
  • In 2019, the top two hyperscale providers generated 78% of all sales among the top five hyperscale providers, while the biggest chipmaker generated 82% of all data center semiconductor revenue in the same year.[2]
  • The top three corporate objectives listed for adoption are cost savings (46%), higher performance indicators (46%), and increased transactional efficiency (40%).[2]
  • When questioned about implementation issues solely after implementing ERP, 49% of businesses said that all business procedures had improved.[2]
  • Only 12% of respondents who were asked what went wrong during deployment mentioned bad software.[2]
  • After completing the Alibaba Cloud Migration, it is necessary to check whether the migration is 100% successful.[2]

Also Read

How Useful is Cloud Migration Assessment Tools

One of the key benefits of cloud migration assessment tools is that they can help organizations streamline the migration process and ensure a smooth transition to the cloud. By evaluating an organization’s existing infrastructure and applications, these tools can help identify potential obstacles or challenges that may arise during the migration process. This can help organizations anticipate and address any technical or operational issues before they become major roadblocks, ultimately saving time and resources in the long run.

Additionally, cloud migration assessment tools can help organizations optimize their cloud migration strategy by providing valuable insights and recommendations based on best practices and industry standards. These tools can help organizations determine the best approach for migrating their applications and data to the cloud, as well as identify opportunities for cost savings and performance improvements. By leveraging the insights provided by these tools, organizations can ensure that their cloud migration efforts are efficient, cost-effective, and successful.

However, while cloud migration assessment tools can be a valuable resource for organizations looking to move to the cloud, their usefulness may be limited in certain scenarios. For example, organizations with complex or highly customized infrastructure may find that these tools are not able to accurately assess their unique needs or requirements. In these cases, organizations may need to rely on additional tools or expertise to ensure a successful migration to the cloud.

Furthermore, while cloud migration assessment tools can provide valuable insights and recommendations, organizations should not rely solely on these tools when planning their cloud migration strategy. It is important for organizations to also consider factors such as security, compliance, scalability, and performance when evaluating their cloud migration needs. By taking a holistic approach to cloud migration planning, organizations can ensure that their transition to the cloud is successful and meets their specific business requirements.

In conclusion, cloud migration assessment tools can be a valuable resource for organizations looking to move to the cloud by providing valuable insights and recommendations for optimizing the migration process. However, their usefulness may be limited in certain scenarios, and organizations should not rely solely on these tools when planning their cloud migration strategy. By taking a holistic approach to cloud migration planning and considering factors such as security, compliance, scalability, and performance, organizations can ensure a successful transition to the cloud that meets their unique business requirements.

Reference

  1. netapp – https://cloud.netapp.com/blog/azure-cvo-blg-5-azure-data-migration-tools-you-should-be-using
  2. webinarcare – https://webinarcare.com/best-cloud-migration-assessment-tools/cloud-migration-assessment-tools-statistics/

Leave a Comment