Cloud Migration Market Analysis By Type, Application, Region And Segments Forecast By 2033

  • 2023-05-07
  • 300
  • Information Communication & Technology

Market Overview

The global cloud migration market size was valued at USD 114.6 billion in 2022 and is projected to reach USD 638.25 billion by 2033, growing at a CAGR of 23.86 % during the forecast period.


Report Scope

Report Attributes


Market Forecast in 2022

USD 114.6 billion

Market Forecast in 2033

USD 638.25 billion

CAGR % 2023-2033

23.86 %

Base Year


Historic Data


Forecast Period


Report USP

Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more

Key Companies

AWS ; IBM; Microsoft ; Google; Cisco; NTT Data

DXC ;VMware ;Rackspace; Informatica ; WSM; Others



 Cloud Migration Market: Description

The global cloud migration market refers to the industry focused on helping organizations migrate their applications, data, and infrastructure from on-premises environments to cloud-based platforms.

Cloud migration involves the transfer of workloads and assets to public, private, or hybrid cloud infrastructures, enabling organizations to take advantage of the scalability, flexibility, and cost-efficiency offered by cloud computing. Cloud migration typically involves assessing existing applications and infrastructure, determining the most suitable cloud environment, planning the migration strategy, and executing the migration process.

It encompasses a range of activities, including data migration, application rehosting or modernization, infrastructure setup, and testing to ensure a seamless transition to the cloud.

The global cloud migration market has witnessed significant growth in recent years, driven by several factors. Organizations across various industries are recognizing the benefits of cloud computing, such as improved agility, scalability, and cost optimization.

The demand for cloud migration services and solutions has surged as organizations seek to leverage the potential of the cloud to drive digital transformation, enhance business operations, and gain a competitive edge.

Cloud migration service providers offer a wide range of solutions and expertise to assist organizations throughout the migration journey. These services may include cloud assessment and planning, workload discovery and analysis, application refactoring or replatforming, data migration, infrastructure setup and optimization, and ongoing management and support in the cloud environment.

Service providers may also offer tools and automation capabilities to streamline the migration process and minimize disruption to business operations.

Cloud Migration Market: Key Trends

·         Hybrid and Multi-cloud Strategies:

Organizations are adopting hybrid and multi-cloud strategies to leverage the benefits of different cloud platforms and service providers. Hybrid cloud combines on-premises infrastructure with public and private clouds, allowing organizations to maintain control over sensitive data while benefiting from cloud scalability.

Multi-cloud strategies involve using multiple cloud providers to avoid vendor lock-in, optimize costs, and achieve redundancy and high availability.

·         Server less Computing Adoption:

Server less computing, also known as Function as a Service (FaaS), is gaining traction in the cloud migration landscape. With server less architecture, organizations can focus on writing and deploying individual functions or applications without managing the underlying infrastructure.

It offers benefits such as automatic scaling, reduced operational overhead, and cost optimization based on usage. Server less computing is particularly useful for event-driven workloads and micro services architectures.

Cloud Migration Market: Segmental Analysis

By Service Model            

·         Managed Service

·         Professional Service


By Deployment Mode  

·         Public Cloud

·         Private Cloud

·         Hybrid Cloud


By Application 

·         Project Management

·         Infrastructure Management

·         Security & Compliance Management

·         Others

Cloud Migration Market: Geographical landscape

North America holds a significant share in the cloud migration market. The region is home to several major cloud service providers, technology companies, and enterprises that have been early adopters of cloud technologies.

The United States, in particular, is a prominent market, driven by the presence of large enterprises and a mature cloud ecosystem. The region benefits from advanced IT infrastructure, favorable government initiatives, and a high level of cloud adoption across industries.

Europe is a key market for cloud migration, characterized by a strong focus on digital transformation and cloud adoption. Countries such as the United Kingdom, Germany, France, and the Netherlands are leading in cloud migration initiatives.

The region benefits from robust data protection regulations, such as the General Data Protection Regulation (GDPR), which emphasize the need for secure data handling during cloud migration. European enterprises are increasingly leveraging cloud services to enhance agility, reduce costs, and drive innovation.

The Asia Pacific region is witnessing significant growth in the cloud migration market. Countries like China, India, Japan, and Australia are experiencing rapid adoption of cloud technologies and digital transformation initiatives.

The region's large population, expanding economies, and growing demand for scalable IT infrastructure are driving cloud migration. Additionally, the presence of cloud service providers and the increasing popularity of Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) models contribute to market growth.

The Middle East and Africa region are experiencing significant growth in the cloud migration market. Countries such as the United Arab Emirates, Saudi Arabia, and South Africa are leading in cloud adoption and digital transformation efforts.

The region's increasing investment in cloud infrastructure, government initiatives supporting digitalization, and the need for scalable and agile IT solutions drive the demand for cloud migration services.

Cloud Migration Market: Impact of COVID

The pandemic has acted as a catalyst for cloud adoption and migration. Organizations were forced to quickly adapt to remote work environments, and the cloud provided the necessary infrastructure and tools to enable remote collaboration, data access, and application availability. Many businesses realized the importance of cloud technologies in ensuring business continuity during times of disruption, leading to an increased demand for cloud migration services.

The pandemic highlighted the need for scalable and agile IT infrastructure to support remote work, virtual collaboration, and digital transformation initiatives. Cloud migration offers organizations the ability to rapidly scale resources up or down as needed, ensuring operational efficiency and cost optimization. As a result, businesses turned to cloud migration to enhance their IT infrastructure's flexibility and agility to adapt to evolving market conditions.

The pandemic highlighted the importance of business continuity and disaster recovery planning. Organizations realized the need to have robust data backup, disaster recovery, and failover capabilities to ensure uninterrupted operations.

Cloud migration provides inherent advantages in these areas, as cloud platforms offer built-in redundancy, data replication, and disaster recovery services. As a result, businesses sought cloud migration services to enhance their business continuity strategies.

With the rapid adoption of cloud technologies, organizations also heightened their focus on security and data protection. The shift to remote work and increased reliance on cloud-based applications and data raised concerns about cyber security risks and data privacy.

Organizations sought cloud migration services that incorporate robust security measures, data encryption, access controls, and compliance with regulatory requirements to ensure the secure migration and storage of sensitive data.

 Cloud Migration Market: Key Companies

·         AWS

·         IBM

·         Microsoft

·         Google

·         Cisco

·         NTT Data

·         DXC

·         VMware

·         Rackspace

·         Informatica

·         WSM

·         Others

Cloud Migration Market: Regional Scope

North America

·         U.S.

·         Canada

·         Mexico


·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa


Quality Assurance Process

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Market Research Process

We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The global cloud migration market size was valued at USD 114.6 billion in 2022 and is projected to reach USD 638.25 billion by 2033, growing at a CAGR of 23.86 % during the forecast period.

What are the trends shaping various markets?

Organizations are adopting hybrid and multi-cloud strategies to leverage the benefits of different cloud platforms and service providers.

Who are the key competitors of market Players?

Some of the major players operating within the market are AWS, IBM, Microsoft, Google, Cisco,NTT Data, DXC, VMware, Rackspace, Informatica, WSM, Others.

What are the top performing segments, and countries / regions of each of the markets?

North America holds a significant share in the cloud migration market. The region is home to several major cloud service providers, technology companies, and enterprises that have been early adopters of cloud technologies.


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