Cloud Migration Service Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook: SPER Market Research

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Published: Jan 2024	Report ID: IACT2416	Pages: 1 - 244	Formats^*:
Category : Information & Communications Technology

Cloud Migration Service Market Introduction and Overview

According to SPER Market Research, the Global Cloud Migration Service Market is estimated to reach USD XX billion by 2033 with a CAGR of 26%.

The report includes an in-depth analysis of the Global Cloud Migration Service Market, including market size and trends, product mix, applications, and supplier analysis. Moving applications or other business components to a cloud-hosted computer environment is referred to as cloud migration. Different procedures are used by a company to migrate to the cloud. Transferring data and applications between cloud platforms and providers (cloud-to-cloud migration), from on-premises or local data centers to public clouds, and between cloud platforms and providers (cloud repartition, reverse cloud migration, or cloud exodus).

September 2022: Thanks to AWS backup, data protection jobs' Amazon Cloudwatch metrics may now be centrally seen in the AWS backup console.

August 2022: To update its main banking system, FCM Bank Malta is leveraging the Temenos platform and DXC technologies.

Market Opportunities and Challenges

The market for cloud migration services has room to expand in emerging countries such as Africa, Brazil, China, India, and Brazil. This is explained by the fact that these countries are still growing and have little money, therefore they need to find economic solutions. In this case, using cloud computing services can cut down on IT expenditure. One example of how contemporary technology is assisting companies of all sizes in getting ready for success in the future is cloud computing services. During the forecast period, it is projected that developing economies' struggles to gain a competitive edge will present a lucrative opportunity for cloud computing services market expansion.

Latency poses a significant challenge for the cloud migration services market in the forecast period, particularly in data retrieval from public cloud infrastructure. Cloud network latency, influenced by factors like distributed computing and virtualization, becomes less predictable as the environment expands. Packet delays can occur with separate networks and an overburdened wide-area network (WAN). High latency in data transfers between cloud services may lead to increased costs for users utilizing multiple providers, potentially hindering the adoption of cloud migration services.

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Market Competitive Landscape

IBM Corporation, SAP SE, Google LLC, Capgemini, Amazon Web Services, Inc., Microsoft, Hewlett Packard Enterprise Development LP, Accenture, VMare, Inc., NTT DATA Americas, Inc., Tata Communications, Wipro, Kyndryl Inc., Vodafone Limited, Veritis Group Inc. are some of the major players in the industry that have been studied in terms of competition.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Service Model, By Applications, By Deployment Mode, By Organization Size, By Industrial Vertical
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered	IBM Corporation, SAP SE, Google LLC, Capgemini, Amazon Web Services, Inc., Microsoft, Hewlett Packard Enterprise Development LP, Accenture, VMare, Inc., NTT DATA Americas, Inc., Tata Communications, Wipro, Kyndryl Inc., Vodafone Limited, Veritis Group Inc., and others.

COVID-19 Impact on Global Cloud Migration Service Market

The global outbreak of COVID-19 has imposed substantial constraints on businesses relying on on-premise IT systems, prompting a swift shift towards cloud migration. In response to these challenges, Microsoft reported an extraordinary surge in demand for cloud services, noting a remarkable 775% increase post-pandemic. Capitalizing on this trend, Bunnyshell, a startup that secured USD 1 million in funding in 2018, has taken a strategic approach by offering free cloud migration to companies adversely affected by the COVID-19 crisis. This innovative marketing tactic reflects the adaptability of startups aiming to leverage the prevalent work-from-home practices adopted by numerous global companies. The pandemic has not only accelerated the adoption of cloud solutions but has also inspired creative initiatives within the market, highlighting the dynamic response of both established players like Microsoft and emerging entities such as Bunnyshell to the evolving needs of businesses during these unprecedented times.

Key Target Audience:

IT decision makers
Cloud service Providers
Government agencies
Technology consultants and integrators
SMEs
Research and development departments

Our in-depth analysis of the Cloud Migration Service Market includes the following segments:

By Service Model:	Automation and Integration Application Hosting and Monitoring Disaster Recovery DevOps Managed Services Professional Services Support and maintenance Training and consulting
By Deployment Mode:	Hybrid Cloud Public Cloud Private Cloud
By Applications:	Infrastructure Management Project Management Security and Compliance Management
By Organization Size:	Large Enterprises Small and medium Enterprises
By Industry Vertical:	BFSI Manufacturing Consumer Goods and Retail Government and public sector Healthcare and life sciences IT and Telecommunications

Key Topics Covered in the Report:

Global Cloud Migration Service Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Cloud Migration Service Market
Segmentation of Global Cloud Migration Service Market By Service Model (Managed Services, Professional services, Automation and integration, Disaster recovery, Application hosting and monitoring, DevOps, Training and consulting, Support and maintenance and others)
Segmentation of Global Cloud Migration Service Market By Deployment mode (Public cloud, private cloud, hybrid cloud and others)
Segmentation of Global Cloud Migration Service Market By Applications (Project management, infrastructure management, security and compliance management and others)
Segmentation of Global Cloud Migration Service Market By Organization size (Large enterprises, small and medium enterprises)
Segmentation of Global Cloud Migration Service Market By Industrial Vertical (BFSI Manufacturing, Healthcare and life sciences, IT and Telecommunications, Consumer goods and retail, Government and public sector, Media and entertainment, and others)
Statistical Snap of Global Cloud Migration Service Market
Expansion Analysis of Global Cloud Migration Service Market
Problems and Obstacles in Global Cloud Migration Service Market
Competitive Landscape in the Global Cloud Migration Service Market
Impact of COVID-19 and Demonetization on Global Cloud Migration Service Market
Details on Current Investment in Global Cloud Migration Service Market
Competitive Analysis of Global Cloud Migration Service Market
Prominent Players in the Global Cloud Migration Service Market
SWOT Analysis of Global Cloud Migration Service Market
Global Cloud Migration Service Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity, and Challenges Analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts on the Global Cloud Migration Services Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERâ€™s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Cloud Migration Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cloud Migration Services Market

7. Global Cloud Migration Services Market, By Service Model (USD Million)

7.1. Global Cloud Migration Services Market Value Share and Forecast, By Service Model, 2023-2033
7.2. Automation and Integration
7.3. Application Hosting and Monitoring
7.4. Disaster Recovery
7.5. DevOps
7.6. Managed Services
7.7. Professional Services
7.8. Support and maintenance
7.9. Training and consulting

8. Global Cloud Migration Services Market, By Deployment Mode (USD Million)

8.1. Global Cloud Migration Services Market Value Share and Forecast, By Deployment Mode, 2023-2033
8.2. Hybrid Cloud
8.3. Public Cloud
8.4. Private Cloud

9. Global Cloud Migration Services Market, By Applications (USD Million)

9.1. Global Cloud Migration Services Market Value Share and Forecast, By Applications, 2023-2033
9.2. Infrastructure Management
9.3. Project Management
9.4. Security and Compliance Management

10. Global Cloud Migration Services Market, By Organization Size (USD Million)

10.1. Global Cloud Migration Services Market Value Share and Forecast, By Industry Vertical, 2023-2033
10.2. Large Enterprises
10.3. Small and medium Enterprises

11. Global Cloud Migration Services Market, By Industry Vertical (USD Million)

11.1. Global Cloud Migration Services Market Value Share and Forecast, By Industry Vertical, 2023-2033
10.2. BFSI Manufacturing
10.3. Consumer Goods and Retail
10.4. Government and public sector
10.5. Healthcare and life sciences
10.6. IT and Telecommunications
10.7. Media and Entertainment

12. Global Cloud Migration Services Market Forecast, 2019-2033 (USD Million)

12.1. Global Cloud Migration Services Market Size and Market Share

13. Global Cloud Migration Services Market, By Service Model, 2019-2033 (USD Million)

13.1. Global Cloud Migration Services Market Size and Market Share By Service Model (2019-2026)
13.2. Global Cloud Migration Services Market Size and Market Share By Service Model (2027-2033)

14. Global Cloud Migration Services Market, By Deployment Mode, 2019-2033 (USD Million)

14.1. Global Cloud Migration Services Market Size and Market Share By Deployment mode (2019-2026)
14.2. Global Cloud Migration Services Market Size and Market Share By Deployment mode (2027-2033)

15. Global Cloud Migration Services Market, By Applications, 2019-2033 (USD Million)

15.1. Global Cloud Migration Services Market Size and Market Share By Applications (2019-2026)
15.2. Global Cloud Migration Services Market Size and Market Share By Applications (2027-2033)

16. Global Cloud Migration Services Market, By Organization Size, 2019-2033 (USD Million)

16.1. Global Cloud Migration Services Market Size and Market Share By Organization Size (2019-2026)
16.2. Global Cloud Migration Services Market Size and Market Share By Organization Size (2027-2033)

17. Global Cloud Migration Services Market, By Industry Vertical, 2019-2033 (USD Million)

17.1. Global Cloud Migration Services Market Size and Market Share By Industry Vertical (2019-2026)
17.2. Global Cloud Migration Services Market Size and Market Share By Industry Vertical (2027-2033)

18. Global Cloud Migration Services Market, By Region, 2019-2033 (USD Million)

18.1. Global Cloud Migration Services Market Size and Market Share By Region (2019-2026)
18.2. Global Cloud Migration Services Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America

19. Company Profile

19.1. Accenture
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Amazon Web Services, Inc.
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.2.5. Capgemini
19.2.6. Company details
19.2.7. Financial outlook
19.2.8. Product summary
19.2.9. Recent developments
19.3. IBM Corporation
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Kyndryl Inc.
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Microsoft
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. NTT DATA Americas, Inc.
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. SAP SE
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Tata Communication
19.8.1. Financial outlook
19.8.2. Product summary
19.8.3. Recent developments
19.9. Vodafone Limited
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Others

20. List of Abbreviations

21. Reference Links

22. Conclusion

23. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is Cloud Migration Services Market?

Cloud Migration Services Market is projected to reach USD XX Billion by 2033, growing at a CAGR of 26% during the forecast period.

What is the growth rate of Cloud Migration Services Market?

Cloud Migration Services Market grew in market size from 2023. The Market is expected to reach USD XX Billion by 2033, at a CAGR of 26% during the forecast period.

What is the anticipated CAGR of Cloud Migration Services Market during the forecast period?

Cloud Migration Services Market CAGR of 26% during the forecast period.

How can I get a sample report on Cloud Migration Services Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of Cloud Migration Services Market?

Cloud Migration Services Market size is USD XX Billion from 2023 to 2033.

Which segment is expected to lead Cloud Migration Services Market?

Cloud Migration Services Market Segment is Covered By Service Model, By Applications, By Deployment Mode, By Organization Size, By Industrial Vertical

Which region is expected to have the highest market share in Cloud Migration Services Market?

The North America region is anticipated to have the highest market share in Cloud Migration Services Market.

Who are the key players in Cloud Migration Services Market?

The key players in the market include Companies Covered IBM Corporation, SAP SE, Google LLC, Capgemini, Amazon Web Services, Inc., Microsoft, Hewlett Packard Enterprise Development LP, Accenture, VMare, Inc., NTT DATA Americas, Inc., Tata Communications, Wipro, Kyndryl Inc., Vodafone Limited, Veritis Group Inc., and others.

What is the conclusion of Cloud Migration Services Market?

This is explained by the fact that these countries are still growing and have little money, therefore they need to find economic solutions. In this case, using cloud computing services can cut down on IT expenditure.