GLOBAL CLOUD MIGRATION SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Cloud migration service is a rapidly growing market in the field of IT services and solutions. With the increasing adoption of cloud computing technologies by organizations globally, there is a growing need for efficient and seamless migration of data and applications to the cloud. Cloud migration service providers offer expertise and tools to help businesses transition their operations to the cloud, ensuring minimal disruptions and maximizing the benefits of cloud computing. Cloud migration services entail the expert aid and guidance offered by specialized firms or consultants to assist businesses in moving their IT infrastructure, applications, data, and other business components from on-premises environments or existing cloud platforms to a new cloud environment.

Market Dynamics:

The cloud migration service market is driven by several factors. Increasing adoption of cloud computing technologies by businesses across various industries is fueling the demand for cloud migration services. Organizations are realizing the benefits of moving their operations to the cloud, such as increased scalability, reduced costs, and improved collaboration.

On the other hand, there are certain restraints that hinder the market growth. Data security and privacy concerns are major factors that organizations consider before migrating their operations to the cloud. The potential risks associated with unauthorized access, data breaches, and compliance issues need to be addressed to gain the trust of potential customers.

Despite the challenges, there are significant opportunities in the cloud migration service market. The proliferation of hybrid cloud environments, where organizations utilize both public and private clouds, presents a growth opportunity for service providers. Moreover,  increasing demand for multi-cloud strategies, where businesses leverage multiple cloud platforms to meet specific needs, creates a need for specialized cloud migration services.

Key features of the study:

• This report provides in-depth analysis of the global cloud migration service market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cloud migration service market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include IBM, Microsoft, Amazon Web Services, Inc., Google, Cisco Systems, Inc., NTT DATA Group Corporation, VMware, Inc., DXC Technology Company, RACKSPACE TECHNOLOGY, Informatica Inc., Accenture, Williams-Sonoma, Inc., Zerto, Virtustream and Intel Corporation, RiverMeadow Software, Inc., OpenStack, CloudEndure, Cloudreach, Apps Associates LLC, and Rigs IT.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global cloud migration service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cloud migration service market

Detailed Segmentation:

• Global Cloud Migration Service Market, By Component
• • Solution
    • Infrastructure Migration
    • Platform Migration
    • Database Migration
    • Application Migration
    • Storage Migration
  • Service
    • Professional Services
    • Managed Services
• Global Cloud Migration Service Market, By Deployment
  • Public
  • Private
  • Hybrid
• Global Cloud Migration Service Market, By Enterprise Size
  • Large Size Enterprises
  • Small and Medium Sized Enterprises (SMEs)
• Global Cloud Migration Service Market, By End-use Industry
  • IT & Telecommunications
  • BFSI
  • Healthcare
  • Government & Public Sector
  • Manufacturing
  • Automotive
  • Retail & Consumer Goods
  • Media & Entertainment
  • Others
• Global Cloud Migration Service Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in Global Cloud Migration Service Market:
  • IBM
  • Microsoft
  • Amazon Web Services, Inc.
  • Google
  • Cisco Systems, Inc.
  • NTT DATA Group Corporation
  • VMware, Inc.
  • DXC Technology Company
  • RACKSPACE TECHNOLOGY
  • Informatica Inc.
  • Accenture
  • Williams-Sonoma, Inc.
  • Zerto
  • Virtustream and Intel Corporation
  • RiverMeadow Software, Inc.
  • OpenStack
  • CloudEndure
  • Cloudreach
  • Apps Associates LLC
  • Rigs IT