PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1430105
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1430105
The cloud migration services market is projected to grow from USD 10.2 billion in 2023 to USD 29.2 billion by 2028, at a compound annual growth rate (CAGR) of 23.3% during the forecast period. The market is anticipated to grow due to the increasing demand for better agility and automation, the requirement for swifter and seamless deployment, and seamless integration and compatibility of enterprise applications with the developing landscape of cloud technology to drive market growth.
Scope of the Report | |
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Years Considered for the Study | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | USD (Billion) |
Segments | By Service Type, Deployment Mode, Migration Type Application, Vertical, and Region. |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and Latin America |
"By service type, data migration & management segment to register for fastest growing CAGR during the forecast period."
Data migration and management services encompass a range of services that serve specific purposes in handling data throughout the lifecycle. These services are fundamental for organizations that ensure seamless, secure, and efficient data operations. These data migration and management services collectively contribute to the effective handling, movement, and utilization of data in alignment with organizational objectives, data governance, and industry best practices.
"By migration type, data migration to witness the largest market size during the forecast period."
The role of data migration in cloud migration services is crucial for a successful and efficient transition to cloud environments. It ensures that data is securely and accurately moved to the cloud, allowing organizations to leverage the benefits of cloud computing, such as scalability, flexibility, and cost-effectiveness. Moreover, data migration supports analytics and machine learning, while email migration facilitates scalable collaboration.
"By region, Asia Pacific to register for the highest CAGR during the forecast period." The cloud migration services industry in Asia Pacific is undergoing a major transformation as a result of the adoption of cloud technology. Increased digital transformation initiatives among enterprises in countries like India, China, Japan, and Southeast Asian nations are driving the adoption of cloud migration services in the market. The shift to remote work, accelerated by the global pandemic, has driven organizations to adopt cloud solutions for better collaboration, communication, and remote access to data and applications. Several governments across the Asia Pacific region have been promoting cloud adoption through various initiatives and policies. These efforts aim to foster innovation, improve public services, and drive economic growth.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the cloud migration services market.
Middle East and Africa- 5%,
The report includes the study of key players offering cloud migration services solutions. It profiles major vendors in the cloud migration services market. The major players in the cloud migration services market include IBM (US), AWS (US), Google (US), Microsoft (US), Oracle (US), SAP (Germany), VMWare (US), Cisco (US), NTT Data (Japan), Accenture (Ireland), Infosys (India), DXC (US), HPE (US), Veritis (US), RiverMeadow (US), Rackspace (US), Informatica (US), WSM (US), and so on.
Research Coverage
The cloud migration services market research study involved extensive secondary sources, directories, journals, and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred cloud migration services providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information, and assess the market's prospects.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cloud migration services market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the market's pulse and provides them with information on key market drivers, restraints, challenges, and opportunities.
(Business overview, Products/Services offered, Recent developments & MnM View)**