PUBLISHER: IMARC | PRODUCT CODE: 1390770
PUBLISHER: IMARC | PRODUCT CODE: 1390770
The global cloud migration services market size reached US$ 169.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 638.0 Billion by 2028, exhibiting a growth rate (CAGR) of 24.68% during 2022-2028.
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.
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.
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 2023-2028. Our report has categorized the market based on service type, enterprise size, deployment mode, application and industry vertical.
Managed Services
Professional Services
Small and Medium-sized Enterprises
Large Enterprises
Public Cloud
Private Cloud
Hybrid Cloud
Project Management
Infrastructure Management
Security and Compliance Management
Others
BFSI
Manufacturing
Healthcare and Life Sciences
IT and Telecommunications
Consumer Goods and Retail
Government and Public Sector
Media and Entertainment
Others
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
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.).