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Press Release:

Global Cloud Migration Services Market to Grow at 25.02% During 2022-2027, Bolstered by Growing Penetration of Cloud Computing

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
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Cloud Migration Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cloud migration services market reached a value of US$ 136 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 515.8 Billion by 2027, exhibiting at a CAGR of 25.02% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are 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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service type, enterprise size, deployment mode, application and industry vertical.

Breakup by Service Type:

 

 
 

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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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Cloud Migration Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Service Type
    6.1    Managed Services
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Professional Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Enterprise Size
    7.1    Small and Medium-sized Enterprises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Large Enterprises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Deployment Mode
    8.1    Public Cloud
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Private Cloud
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Hybrid Cloud
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Application
    9.1    Project Management
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Infrastructure Management
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Security and Compliance Management
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10  Market Breakup by Industry Vertical
    10.1    BFSI
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Manufacturing
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Healthcare and Life Sciences
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    IT and Telecommunications
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Consumer Goods and Retail
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Government and Public Sector
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Media and Entertainment
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Others
        10.8.1 Market Trends
        10.8.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Analysis
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Accenture plc
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Amazon Web Services Inc. (Amazon.com Inc)
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 SWOT Analysis
        16.3.3    Cisco Systems Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    DXC Technology Company
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    Flexera
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 SWOT Analysis
        16.3.6    Google LLC (Alphabet Inc.)
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 SWOT Analysis
        16.3.7    International Business Machines Corporation
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Microsoft Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Nippon Telegraph and Telephone Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Oracle Corporation
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Rackspace Technology Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
        16.3.12    VMware Inc. (Dell Technologies Inc.)
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
           16.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Cloud Migration Services Market: Major Drivers and Challenges
Figure 2: Global: Cloud Migration Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cloud Migration Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Cloud Migration Services Market: Breakup by Service Type (in %), 2021
Figure 5: Global: Cloud Migration Services Market: Breakup by Enterprise Size (in %), 2021
Figure 6: Global: Cloud Migration Services Market: Breakup by Deployment Mode (in %), 2021
Figure 7: Global: Cloud Migration Services Market: Breakup by Application (in %), 2021
Figure 8: Global: Cloud Migration Services Market: Breakup by Industry Vertical (in %), 2021
Figure 9: Global: Cloud Migration Services Market: Breakup by Region (in %), 2021
Figure 10: Global: Cloud Migration Services (Managed Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cloud Migration Services (Managed Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cloud Migration Services (Professional Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cloud Migration Services (Professional Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cloud Migration Services (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cloud Migration Services (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cloud Migration Services (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cloud Migration Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cloud Migration Services (Public Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cloud Migration Services (Public Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cloud Migration Services (Private Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cloud Migration Services (Private Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cloud Migration Services (Hybrid Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cloud Migration Services (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cloud Migration Services (Project Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cloud Migration Services (Project Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Cloud Migration Services (Infrastructure Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Cloud Migration Services (Infrastructure Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Cloud Migration Services (Security and Compliance Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Cloud Migration Services (Security and Compliance Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Cloud Migration Services (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Cloud Migration Services (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Cloud Migration Services (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Cloud Migration Services (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Cloud Migration Services (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Cloud Migration Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Cloud Migration Services (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Cloud Migration Services (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Cloud Migration Services (IT and Telecommunications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Cloud Migration Services (IT and Telecommunications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Cloud Migration Services (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Cloud Migration Services (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Cloud Migration Services (Government and Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Cloud Migration Services (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Cloud Migration Services (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Cloud Migration Services (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Cloud Migration Services (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Cloud Migration Services (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: North America: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: North America: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United States: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United States: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Canada: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Canada: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Asia-Pacific: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Asia-Pacific: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: China: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: China: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Japan: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Japan: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: India: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: India: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: South Korea: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: South Korea: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Australia: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Australia: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Indonesia: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Indonesia: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Europe: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Europe: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Germany: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Germany: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: France: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: France: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: United Kingdom: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: United Kingdom: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Italy: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Italy: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Spain: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Spain: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Russia: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Russia: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Latin America: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Latin America: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Brazil: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Brazil: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Mexico: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Mexico: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Middle East and Africa: Cloud Migration Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Middle East and Africa: Cloud Migration Services Market: Breakup by Country (in %), 2021
Figure 96: Middle East and Africa: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Global: Cloud Migration Services Industry: SWOT Analysis
Figure 98: Global: Cloud Migration Services Industry: Value Chain Analysis
Figure 99: Global: Cloud Migration Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Cloud Migration Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cloud Migration Services Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 3: Global: Cloud Migration Services Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 4: Global: Cloud Migration Services Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 5: Global: Cloud Migration Services Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Cloud Migration Services Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 7: Global: Cloud Migration Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Cloud Migration Services Market: Competitive Structure
Table 9: Global: Cloud Migration Services Market: Key Players


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Key Questions Answered in This Report

The global cloud migration services market was valued at US$ 136 Billion in 2021.

We expect the global cloud migration services market to exhibit a CAGR of 25.02% during 2022-2027.

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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