Cloud Migration Services Market Analysis By Service Type (Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS)), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud) & Forecast By 2032
- PUBLISHED ON
- 2023-04-27
- NO OF PAGES
- 256
- CATEGORY
- Information Communication & Technology
The global cloud migration services market was valued at USD 7.9 billion in 2022 and is projected to reach USD 37.0 billion by 2032, at a CAGR of 36.6% during the forecast period.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 7.9 Billion |
Market Forecast in 2032 | USD 37.0 Billion |
CAGR % 2023-2031 | 36.6% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2032 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Deployment Model, By Service Type |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | IBM Corporation, Amazon Web Services, Microsoft Corporation, Google LLC, VMware, Rackspace, Fujitsu, NTT Communications, Dell Technologies, WSM International, Virtustream, Accenture, Cisco Systems, Cognizant Technology Solutions, DXC Technology |
Driver: Growing demand for cloud technology by organizations is propelling Cloud Migration Services Market growth.
One of the driving factors for the Cloud Migration Services market is the increasing adoption of cloud technology by organizations worldwide. With the emergence of cloud computing, many businesses are now moving their applications, data, and infrastructure to cloud-based platforms to reduce costs, improve agility, and enhance scalability. As a result, there is a growing demand for cloud migration services that can help organizations migrate their existing IT systems to the cloud seamlessly. Moreover, the COVID-19 pandemic has accelerated the adoption of cloud technology as remote work and virtual collaboration become the new norm. Organizations are increasingly relying on cloud-based applications and infrastructure to support their remote workforce, and this trend is expected to continue in the post-pandemic era. As a result, the demand for cloud migration services is likely to remain strong, driving the growth of the market.
Segmentation:
By Service Type
• Infrastructure-as-a-Service (IaaS)
• Platform-as-a-Service (PaaS)
• Software-as-a-Service (SaaS)
By Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
Geographical Analysis:
North America: The North America region has been one of the largest markets for cloud migration services due to the high adoption of cloud computing technologies among businesses. The region is also home to several leading cloud migration service providers such as IBM, Amazon Web Services, and Microsoft. In 2020, the North America market accounted for the largest share of the global Cloud Migration Services market.
Europe: The Europe market for Cloud Migration Services is expected to grow significantly due to the increasing adoption of cloud-based technologies and the need for enterprises to migrate their legacy systems to the cloud. The region is also witnessing a surge in demand for cloud-based services from SMEs, which is further driving the growth of the Cloud Migration Services market.
Asia Pacific: The Asia Pacific market for Cloud Migration Services is expected to witness significant growth in the coming years due to the increasing adoption of cloud-based services among enterprises in the region. The growth is primarily driven by countries such as China, India, and Japan, which are witnessing a surge in demand for cloud-based technologies.
Latin America: The Latin America region is expected to witness significant growth in the Cloud Migration Services market due to the increasing adoption of cloud-based technologies and the need for enterprises to migrate their legacy systems to the cloud. The region is also witnessing a surge in demand for cloud-based services from SMEs, which is further driving the growth of the Cloud Migration Services market.
Middle East and Africa: The Middle East and Africa region is witnessing a growing demand for cloud-based services and is expected to witness significant growth in the Cloud Migration Services market in the coming years. The growth is primarily driven by countries such as the United Arab Emirates, Saudi Arabia, and South Africa, which are witnessing a surge in demand for cloud-based technologies.
Recent Development: Global Cloud Migration Services Market
• Google Cloud acquired CloudSimple, a provider of secure, high-performance, dedicated environments to run VMware workloads in the cloud.
• Amazon Web Services (AWS) announced the general availability of its AWS Migration Acceleration Program (MAP), which helps customers migrate to the cloud.
• IBM announced the acquisition of WDG Automation, a robotic process automation (RPA) software provider, to enhance its automation capabilities for its cloud migration and digital transformation offerings.
• Microsoft announced the acquisition of Movere, a cloud migration tool provider, to help customers move their on-premise applications and data to Azure cloud.
• VMware acquired cloud migration startup, CloudHealth Technologies, to bolster its multi-cloud management offerings.
• Cloudreach announced a strategic partnership with AWS to accelerate cloud migration and digital transformation for enterprise customers.
• Accenture acquired a cloud migration and management company, Organize Cloud Labs, to strengthen its cloud migration and management capabilities.
• Rackspace Technology launched a new solution, Rackspace Elastic Engineering for AWS, to help customers with their cloud migration and management needs.
• T-Systems announced a strategic partnership with Google Cloud to help customers with their cloud migration and digital transformation efforts.
• Cloudamize, a cloud migration analytics company, was acquired by VMware to enhance its cloud migration and optimization offerings.
Company Profiles:
• IBM
• Amazon Web Services
• Microsoft
• Google
• VMware
• Rackspace
• Fujitsu
• NTT Communications
• Dell Technologies
• WSM International
• Virtustream
• Accenture
• Cisco Systems
• Cognizant Technology Solutions
• DXC Technology
 
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