Cloud Computing Migration & Managed Services

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Cloud Computing Migration & Managed Services

According to a report by Businesswire, the global cloud computing migration and managed services was valued at 3.98 billion CAD (3.17 billion USD) in 2017. A report by MarketsandMarkets stated that North America (including Canada and United States) make up 44 percent of the total global cloud computing migration and managed services.

Forbes reported that the global cloud computing market was valued at 84.05 billion CAD (67 billion USD) in 2015 with a growth rate of 19 percent. Canalys estimated that the US cloud computing market was valued at 18.06 billion CAD (14.4 billion USD) in 2017.

Using these data, we calculated the Canadian market size for cloud computing migration and managed services. All the data was converted from USD to CAD using the currency calculator.

Calculations

Global cloud computing migration in 2017 = 3.98 billion CAD
Market share of North America (US and Canada) = 44 percent
Market size of North America (US and Canada) in 2017
= Global market size * Market share of North America
= 1.7512 billion CAD

Global cloud computing in 2015 = 84.05 billion CAD
Growth rate of cloud computing = 19 percent
Global cloud computing in 2017
= Global cloud computing in 2015 / ((1 + Growth rate) ^ years)
= 84.05 billion CAD / ((1+0.19) ^ 2)
= 119.02 billion CAD
US cloud computing in 2017 = 18.06 billion CAD
Market share of US in cloud computing
= US cloud computing in 2017 / Global cloud computing in 2017
= 18.06 billion CAD / 119.02 billion CAD
= 15.17 percent

US market share in cloud computing migration (2017)
= Global cloud computing migration * Market share of US in cloud computing
= 3.98 billion CAD * 15.17 percent
= 603.77 million CAD

Canadian market share in cloud computing migration (2017)
= Market size of North America - US market share
= 1.7512 billion CAD - 603.77 million CAD
= 1.147 billion CAD

In conclusion, the global cloud computing migration market is expected to grow to 11.88 billion CAD (9.47 billion USD) by 2022.
Sources
Sources