Cloud Migration Services Market Size by Service Type, Organization Size, Application,Deployment Model, Vertical, and Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Global Cloud Migration Services Market size is expected to reach US$ 979.72 Bn in year 2030, at a CAGR of 24.08% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. 
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Global cloud migration services market is segmented by service type, deployment model, application, vertical and geography. In terms of service type, the cloud migration services market is classified into automation & integration, disaster recovery, application hosting & monitoring, development and operations, training & consulting o support & maintenance, and managed services. Based on application, the cloud migration services market is categorized into project management, infrastructure management, security and compliance management, and others. Based on organization size, the cloud migration services market is segmented into large enterprises and small and medium-sized enterprises.
On the basis of deployment type, the cloud migration services market is classified into the public cloud, private cloud, and hybrid cloud. Based on vertical, the cloud migration services market is categorized into BFSI, healthcare and life sciences, telecommunications and ITES, government and public sector, manufacturing, consumer goods and retail, media and entertainment, and others. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The major factors donating in the development of the market are growing penetration of cloud computing & technological advancements. Furthermore, the demand for cloud computing is anticipated to be driven by some other factors, like lower security, flexibility & lower costs. 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 market growth. However, factors such as fear of vendor lock-in and lack of stringent SLAs are inhibiting the market.
Based on vertical, BFSI vertical is estimated to hold the largest market size in 2018. BFSI organizations lead the industry vertical segment of the market in migrating their workloads to the cloud environment. 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.
On the basis of service type, automation and integration service type is expected to hold the largest market size during the forecast period. 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. Cloud integration services help in solving complex problems and guarantee cost-efficient business processes to produce the flexible environment that can fulfill performance, security, and availability. It helps in supporting third-party and on-premises applications and services.
In terms of region, North America is expected to hold the largest market share in 2018, while the Asia Pacific is estimated to be the fastest growing region during the forecast period. North America is a matured market in terms of cloud adoption, due to various factors, such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of proficient technical expertise.
Some of the key players in the cloud migration services market are Cognizant Technology Solutions Corp., Tech Mahindra, Accenture PLC, Amazon Web Services, Microsoft Corporation, Google, Inc., Cisco Systems, Inc., WSM International LLC., Computer Sciences Corporation, Rackspace Hosting, Inc., Rightscale, Inc., NTT Data Corporation., VMware, Inc., IBM Corporation, NINtec Systems Ltd, and Evolve IP.
The objective of the report is to present comprehensive analysis of Global Cloud Migration Services market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Cloud Migration Services market dynamics, structure by analyzing the market segments, and project the Global Cloud Migration Services market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Cloud Migration Services market make the report investor’s guide.
The Scope of the Global Cloud Migration Services Market : Inquire before buying
| Cloud Migration Services Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 216.36 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 24.08% | Market Size in 2030: | US $ 979.72 Bn. |
| Segments Covered: | by Service Type | Automation & Integration Disaster Recovery Application Hosting & Monitoring development and operations Training & Consulting Support & Maintenance Managed Services |
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| by Organization Size | Large Enterprises Small and Medium-sized Enterprises |
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| by Application | Project Management Infrastructure Management Security and Compliance Management Others |
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| by Deployment Model | Public Cloud Private Cloud Hybrid Cloud |
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| by Vertical | BFSI Healthcare and Life Sciences Telecommunications and ITES Government and Public Sector Manufacturing Consumer Goods and Retail Media and Entertainment Others |
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Global Cloud Migration Services Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players operating in the Global Cloud Migration Services Market
1. Cognizant Technology Solutions Corp
2. Tech Mahindra
3. Accenture PLC
4. Amazon Web Services
5. Microsoft Corporation
6. Google, Inc
7. Cisco Systems, Inc
8. WSM International LLC
9. Computer Sciences Corporation
10.Rackspace Hosting, Inc
11.Rightscale, Inc
12.NTT Data Corporation
13.VMware, Inc
14.IBM Corporation
15.NINtec Systems Ltd
16.Evolve IP
17.DXC Technology
18.River Meadow Software, Inc.
19.AWS
20.Informatica
21.Zerto
22.Virtustream
23.OpenStack
Frequently Asked Questions:
1.Which region has the largest share in Global Cloud Migration Services Market?
Ans: North America region held the highest share in 2023.
2.What is the growth rate of Global Cloud Migration Services Market?
Ans: The Global Cloud Migration Services Market is growing at a CAGR of 24.08% during forecasting period 2024-2030.
3.What is scope of the Global Cloud Migration Services Market report?
Ans: Global Cloud Migration Services Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors& Leaders, and market estimation of the forecast period.
4.Who are the key players in Global Cloud Migration Services Market?
Ans: The important key players in the Global Cloud Migration Services Market are – Denso Corporation, Hanon Systems, Sanden Holding Corporation, Mitsubishi Heavy Industries Ltd, MAHLE GmbH, Valeo SA, Keihin Corporation, Calsonic Kansei Corporation, SamvardhanaMotherson Group, Subros Limited, SMAC Auto Air, TransAir Manufacturing, Eberspacher Group, Marelli Corporation.
5.What is the study period of this Market?
Ans: The Global Cloud Migration Services Market is studied from 2023 to 2030.