Cloud Migration Service Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Cloud Migration Service Market Size- By Service Model, By Applications, By Deployment Mode, By Organization Size, By Industrial Vertical- Regional Outlook, Competitive Strategies, and Segment Forecast to 2033
| 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.
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:
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| By Applications: |
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Key Topics Covered in the Report:
- Global Cloud Migration Service Market Size (FY’2023-FY’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 (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity, and Challenges Analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts on the Global Cloud Migration Services Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cloud Migration Services Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Automation and Integration7.3. Application Hosting and Monitoring7.4. Disaster Recovery7.5. DevOps7.6. Managed Services7.7. Professional Services7.8. Support and maintenance7.9. 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, 2023-20338.2. Hybrid Cloud8.3. Public Cloud8.4. 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, 2023-20339.2. Infrastructure Management9.3. Project Management9.4. 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, 2023-203310.2. Large Enterprises10.3. 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, 2023-203310.2. BFSI Manufacturing10.3. Consumer Goods and Retail10.4. Government and public sector10.5. Healthcare and life sciences10.6. IT and Telecommunications10.7. 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-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Accenture19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Amazon Web Services, Inc.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.2.5. Capgemini19.2.6. Company details19.2.7. Financial outlook19.2.8. Product summary19.2.9. Recent developments19.3. IBM Corporation19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Kyndryl Inc.19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Microsoft19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. NTT DATA Americas, Inc.19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. SAP SE19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Tata Communication19.8.1. Financial outlook19.8.2. Product summary19.8.3. Recent developments19.9. Vodafone Limited19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. 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.
Frequently Asked Questions About This Report
Cloud Migration Services Market is projected to reach USD XX Billion by 2033, growing at a CAGR of 26% during the forecast period.
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.
Cloud Migration Services Market CAGR of 26% during the forecast period.
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Cloud Migration Services Market size is USD XX Billion from 2023 to 2033.
Cloud Migration Services Market Segment is Covered By Service Model, By Applications, By Deployment Mode, By Organization Size, By Industrial Vertical
The North America region is anticipated to have the highest market share 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.
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.
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