Cloud Migration Services Market Report by Service Type (Managed Services, Professional Services), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), Application (Project Management, Infrastructure Management, Security and Compliance Management, and Others), Industry Vertical (BFSI, Manufacturing, Healthcare and Life Sciences, IT and Telecommunications, Consumer Goods and Retail, Government and Public Sector, Media and Entertainment, and Others), and Region 2024-2032
The global cloud migration services market size reached US$ 211.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,287.8 Billion by 2032, exhibiting a growth rate (CAGR) of 21.5% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 211.8 Billion
Market Forecast in 2032
US$ 1,287.8 Billion
Market Growth Rate (2024-2032)
21.5%
Cloud migration services help companies move applications and databases from a legacy, on-premise IT infrastructure to a public cloud. They include operating cost optimization strategy, setting monitoring tools, and transferring knowledge to in-house teams. They also comprise detailed process descriptions and continuous integration and deployment (CI/CD) pipeline designs for quick development. Nowadays, organizations worldwide are adopting cloud migration services to achieve flexibility and scalability, improve agility, reduce IT operating costs, enhance time to market, and accelerate the digital transformation process.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Cloud Migration Services Market Trends:
The economic and business challenges posed by the coronavirus disease (COVID-19) pandemic have encouraged enterprises across the globe to digitize key business processes using the cloud. This represents one of the key factors positively influencing the demand for cloud migration services to boost the speed, performance, and security of cloud adoption and transformation. Additionally, educational institutions are relying on cloud computing to impart remote education. Apart from this, health firms are adopting cloud solutions to meet the security, privacy, and compliance needs of healthcare practices. This, in confluence with the growing volume of medical data on account of the rising prevalence of diseases, is creating a positive market outlook. Moreover, cloud migration services are gaining widespread adoption in the banking, financial services, and insurance (BFSI) industry to migrate hardware data and provide technologically aided services securely. Furthermore, manufacturing firms are integrating these services to meet the Industry 4.0 standards and modernize and automate industrial processes. The rising number of construction activities and the emerging trend of online shopping are other factors expanding the applications of cloud migration services in the e-commerce and real estate sectors around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud migration services market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on service type, enterprise size, deployment mode, application and industry vertical.
Breakup by Service Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Managed Services
Professional Services
Breakup by Enterprise Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Deployment Mode:
Public Cloud
Private Cloud
Hybrid Cloud
Breakup by Application:
Project Management
Infrastructure Management
Security and Compliance Management
Others
Breakup by Industry Vertical:
BFSI
Manufacturing
Healthcare and Life Sciences
IT and Telecommunications
Consumer Goods and Retail
Government and Public Sector
Media and Entertainment
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Amazon Web Services Inc. (Amazon.com Inc), Cisco Systems Inc., DXC Technology Company, Flexera, Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Oracle Corporation, Rackspace Technology Inc. and VMware Inc. (Dell Technologies Inc.).
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Service Type, Enterprise Size, Deployment Mode, Application, Industry Vertical, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Accenture plc, Amazon Web Services Inc. (Amazon.com Inc), Cisco Systems Inc., DXC Technology Company, Flexera, Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Oracle Corporation, Rackspace Technology Inc. and VMware Inc. (Dell Technologies Inc.)
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global cloud migration services market was valued at US$ 211.8 Billion in 2023.
We expect the global cloud migration services market to exhibit a CAGR of 21.5% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for cloud migration services to boost the speed, performance, and security of cloud adoption and transformation across numerous organizations, owing the remote working scenario.
The rising integration of cloud migration services with the manufacturing firms to meet the industry 4.0 standards and modernize as well as automate industrial processes, is primarily driving the global cloud migration services market.
Based on the service type, the global cloud migration services market can be segmented into managed services and professional services. Currently, managed services hold the majority of the total market share.
Based on the enterprise size, the global cloud migration services market has been divided into small and medium-sized enterprises and large enterprises, where large enterprises currently exhibit a clear dominance in the market.
Based on the deployment mode, the global cloud migration services market can be categorized into public cloud, private cloud, and hybrid cloud. Currently, public cloud accounts for the majority of the global market share.
Based on the application, the global cloud migration services market has been segregated into project management, infrastructure management, security and compliance management, and others. Among these, infrastructure management currently holds the largest market share.
Based on the industry vertical, the global cloud migration services market can be bifurcated into BFSI, manufacturing, healthcare and life sciences, IT and telecommunications, consumer goods and retail, government and public sector, media and entertainment, and others. Currently, the BFSI industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global cloud migration services market include Accenture plc, Amazon Web Services Inc. (Amazon.com Inc), Cisco Systems Inc., DXC Technology Company, Flexera, Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Oracle Corporation, Rackspace Technology Inc., and VMware Inc. (Dell Technologies Inc.).
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