Cloud Migration Services Market, By Service Type (Automation and Integration, Disaster Recovery, Application Hosting and Monitoring, Devops, Training and Consulting, Support and Maintenance, and Managed Services), By Application (Project Management, Infrastructure Management, Security and Compliance Management, and Others), By Organization Size (Large Enterprises, and Small and Medium-Sized Enterprises), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By End-User (BFSI, Healthcare and Life Sciences, Telecommunications and ITES, Government and Public Sector, Manufacturing, Consumer Goods and Retail, Media and Entertainment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast Till 2034

Cloud Migration Market size is estimated at USD 287.06 billion in 2024, and is expected to reach USD 2833.77 billion by 2034, growing at a CAGR of 28.6% during the forecast period 

Cloud is an advanced technologies pertaining to IT. Cloud computing helps enterprises serve their customers via internet, at the same time offering a flexible and cost friendly alternative. Cloud migration services combine the know-hows of research and innovation, with the complete lifecycle of cloud-ready solutions, to offer accelerated Time-to-Market (TTM) and enhanced operational processes. Cloud migration services are also supporting business processes, applications, and moving infrastructure.

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The demand for cloud migration services is expected to be driven by many factors, such as lower costs, flexibility, agility, and security. This increasing demand found in telecommunication and IT industries is boosting the global market. Additionally, cloud migration services is fostering penetration of artificial intelligence as well as machine learning. Increasing awareness about business continuity, rising penetration of cloud computing & technological advancements, adopting improved security, flexibility, and reducing operational costs are some of the key factors fostering global migration services market growth. Cloud migration services market is becoming well known among SMEs as well as big enterprises due to the verify that it recommends a commercial alternative and business dexterity. In addition, several service providers are initiating new recompense schemes, such as “pay-as-you-go” model, in order to encourage cloud migration services among SMEs. These characteristics are projected to considerably motivate the development of the cloud migration services market. However, factors such as fear of vendor lock-in and lack of stringent SLAs are inhibiting the market. The cloud migration services market creates opportunities for the MSPs. The MSPs can handle numerous tasks, such as managing virtual machines, cloud services, storage services, migration services, and applications that are running on public cloud environments.

The cloud migration services market is segmented on the basis of service type, application, organization size, deployment model, end-user, and region.

Based on service type, the cloud migration services market is segmented into automation and integration, disaster recovery, application hosting and monitoring, devops, training and consulting, support and maintenance, and managed services.  The automation and integration service type is estimated to have the largest market size in 2017, due to the large scale adoption of cloud migration services worldwide. Automation enables enterprises to streamline their cloud migration activities efficiently. Automation helps in reducing costs, manual intervention, time, and risk of failure. It supports improved business agility and migration of the entire workload for rapid recovery during downtime. Based on application, the global market is classified into project management, infrastructure management, security and compliance management, and others. The security and compliance management is expected to grow at highest rate. A few of the major reasons for large-scale adoption of the security and compliance application are protecting data from misuse, meeting compliance needs, accessing control, delivering robust data encryption, and enhancing integration. Based on organization size, the target market is characterized into large enterprises, and small and medium-sized enterprises. Based on deployment model the global market is segmented into public cloud, private cloud, and hybrid cloud. Based on end-user the target market is bifurcated into BFSI, healthcare and life sciences, telecommunications and ITES, government and public sector, manufacturing, consumer goods and retail, media and entertainment, and others. The need to consolidate the cost of IT and infrastructure is driving BFSI organizations to migrate their workloads in the cloud. Migrating workload to the cloud provides BFSI organizations with agility and flexibility to deploy IT infrastructure and legacy systems in a cost-effective way.

Based on the region the cloud migration services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the cloud migration services market due to the presence of large enterprises, better technical expertise, and the implementation of the latest technologies. Asia Pacific cloud migration services market is projected to register a high CAGR over the forecast period as many large enterprises are expected to utilize significant growth opportunities to expand their market in this regions.

Cloud Migration Services Market, By Service Type:

• Automation and Integration
• Disaster Recovery
• Application Hosting and Monitoring
• Devops, Training and Consulting
• Support and Maintenance
• Managed Services

Cloud Migration Services Market, By Application:

• Project Management
• Infrastructure Management
• Security and Compliance Management
• Others

Cloud Migration Services Market, By Organization size:

• Large Enterprises
• Small and Medium-Sized Enterprises

Cloud Migration Services Market, By Deployment Model:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Cloud Migration Services Market, By End-User:

• BFSI
• Healthcare and Life Sciences
• Telecommunications and ITES
• Government and Public Sector
• Manufacturing, Consumer Goods and Retail
• Media and Entertainment
• Others

Cloud Migration Services Market, By Region:

• North America
  • Middle East & Africa
    • Middle East & Africa Cloud Migration Services Market, By Service Type
    • Middle East & Africa Cloud Migration Services Market, By Application
    • Middle East & Africa Cloud Migration Services Market, By Organization Size
    • Middle East & Africa Cloud Migration Services Market, By Deployment Model
    • Middle East & Africa Cloud Migration Services Market, By End-User
    • Middle East & Africa Cloud Migration Services Market, By Country
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Latin America Cloud Migration Services Market, By Service Type
    • Latin America Cloud Migration Services Market, By Application
    • Latin America Cloud Migration Services Market, By Organization Size
    • Latin America Cloud Migration Services Market, By Deployment Model
    • Latin America Cloud Migration Services Market, By End-User
    • Latin America Cloud Migration Services Market, By Country
      • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • Asia Pacific Cloud Migration Services Market, By Service Type
    • Asia Pacific Cloud Migration Services Market, By Application
    • Asia Pacific Cloud Migration Services Market, By Organization Size
    • Asia Pacific Cloud Migration Services Market, By Deployment Model
    • Asia Pacific Cloud Migration Services Market, By End-User
    • Asia Pacific Cloud Migration Services Market, By Country
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • Europe Cloud Migration Services Market, By Service Type
    • Europe Cloud Migration Services Market, By Application
    • Europe Cloud Migration Services Market, By Organization Size
    • Europe Cloud Migration Services Market, By Deployment Model
    • Europe Cloud Migration Services Market, By End-User
    • Europe Cloud Migration Services Market, By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • North America Cloud Migration Services Market, By Service Type
  • North America Cloud Migration Services Market, By Application
  • North America Cloud Migration Services Market, By Organization Size
  • North America Cloud Migration Services Market, By Deployment Model
  • North America Cloud Migration Services Market, By End-User
  • North America Cloud Migration Services Market, By Country
    • U.S.
    • Canada

The key players operating the cloud migration services market involves AWS, IBM, Microsoft, Google, Cisco, NTT Data, VMware, Amazon Web Services, Informatica, Dxc Technology. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in July 2019, NTT DATA Services, announced it has become a Google Cloud Premier Partner, the highest status a Google Cloud partner can achieve. This milestone is a result of a multi-year collaboration and joint cloud investments between the two companies, as well as NTT DATA demonstrating a high level of competency with Google Cloud products.

• AWS
  • Company Overview 
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• IBM
• Microsoft
• Google
• Cisco
• NTT Data
• VMware
• Amazon Web Services
• Informatica
• Dxc Technology

 “*” marked represents similar segmentation in other categories in the respective section