Home > Media & Technology > Information Technology > IT Services > Cloud Migration Services Market

Cloud Migration Services Market Trends

  • Report ID: GMI8436
  • Published Date: Mar 2024
  • Report Format: PDF

Cloud Migration Services Market Trends

The cloud migration services industry is driven by the increasing adoption of cloud-native technologies. Such cloud-native technologies, for example containers, microservices & serverless computing, have many advantages including scalability, agility and efficiency that are consistent with the goals of cloud migration initiatives. Many organizations are turning to these technologies in order to modernize their applications and infrastructure so that they can fully utilize the capabilities of cloud platforms. Cloud migration services help organizations transition to cloud-native architectures through offering expertise, tools and best practices for optimizing application performance, scalability and resilience in the cloud environment.

The development of computer technology has led to a wide range of cloud platforms that are used in business support. As an example, cloud providers vary from Infrastructure-as-a-Service (IaaS) to Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), offering organizations scalable & flexible solutions that improve the efficiency of their operations, accelerate organizational responses, and lead to groundbreaking ideas. Notably, cloud services are increasingly becoming more affordable because of pay-as-you-go pricing models where businesses only pay for what they use without any upfront infrastructure or hardware investments. Cloud migration services leverage the maturity and cost-effectiveness of the cloud-based model so that organizations can easily migrate their workloads, optimize resource utilization and maximize Return on Investment (ROI).

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of cloud migration services was crossed USD 11 billion in 2023 and is expected to register over 23% CAGR through 2032, owing to their ability to offer scalable IT resources that can be swiftly accessed, enabling the expedited deployment of applications and services worldwide.

Cloud migration services industry from the solution segment recorded over 70% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to the cloud industry enabling firms to renovate their IT landscapes, expand resources and decrease expenses incurred.

North America cloud migration services industry held over 37% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to technological, financial, medical and commercial companies, moving their infrastructures & apps to a cloud in the region.

IBM Corporation, SAP SE, Google LLC, Capgemini, Amazon Web Services, Inc., Microsoft, Hewlett Packard Enterprise Development LP, Accenture, VMware, Inc., and NTT DATA Americas, Inc., are some of the major cloud migration services companies worldwide.

Cloud Migration Services Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 352
  • Countries covered: 22
  • Pages: 230
 Download Free Sample