Cloud Migration Services Market Size Worth $69.73 Billion By 2032 | CAGR: 23.9%
The global cloud migration services market size is expected to reach USD 69.73 billion by 2032, according to a new study by Polaris Market Research. The report “Cloud Migration Services Market Share, Size, Trends, Industry Analysis Report, By Offering (Service Type & Deployment Mode); By Vertical (Media & Entertainment, BFSI); By Migration Type; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cloud migration services, such as automation and integration, application and hosting, and DevOps, allow businesses to minimize the expenses, time, and risks involved in moving workloads, virtual and physical, to public and private clouds. Cloud migration services that are equipped with cutting-edge platform features like platform-as-a-service (PaaS), software-as-a-service (SaaS), and infrastructure-as-a-service (IaaS) are anticipated to offer significant cost savings in addition to possible migration paths that are determined by the complexity of the situation and the projected cost of the migration.
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The healthcare industry is experiencing a significant increase in the adoption of cloud migration services, driven by a notable surge in adoption rates. Healthcare data, which is highly sensitive and confidential, is generated and processed extensively on a daily basis. Despite this, the majority of healthcare organizations continue to store their data on-premises, making it more susceptible to losses and posing significant security risks. The industry's acknowledgment of cloud technologies' strategic advantages in optimizing healthcare delivery and data management is evident from their widespread adoption.
Sixty-three percent of healthcare companies have at least one application deployed to the cloud, and forty-five percent want to transfer more applications in the next two years, according to the HIMSS 2022 Digital Health Trends Survey. Strong telehealth platforms are made possible by cloud migration, increasing access to care for underprivileged populations and patients who live far apart. The healthcare vertical is anticipated to have a high acceptance rate of cloud migration services due to the need for compliance requirements, improved security, cost control, and technological improvements.
Cloud Migration Services Market Report Highlights
- The data migration and management segment is expected to grow at a high CAGR owing to dealing with intricate processes involved in optimizing the data during shifting to the cloud.
- The media and entertainment segment led the market in 2023 and is expected to maintain its dominance due to the way of distribution and handling of business material.
- North America holds a significant revenue share in the global cloud migration services market, driven by active persuasion for digital transformation strategies.
- The global key market players include Accenture, AWS, Cisco, DXC, Google, HPE, IBM, Infosys, Microsoft, NTT Data, Oracle, RiverMeadow, SAP, Veritis and VMWare.
Polaris Market Research has segmented the cloud migration services market report based on offering, vertical, migration type, application and region:
Cloud Migration Services, Offering Outlook (Revenue - USD Billion, 2019 - 2032)
- Service Type
- Data Migration & Management
- Large-Scale Data Migration
- Data Mapping and Cleansing
- Data Lifecycle Management
- Assessment & Planning Services
- Migration Roadmap
- Dependency Mapping
- Readiness Assessment
- Migration & Deployment Services
- Lift-and-Shift Migration
- DevOps Integration
- Integration & Customization Services
- System Interoperability
- Application Integration
- Customization and Configuration
- Training and Support Services
- Ongoing Support
- User Training and Adoption
- Knowledge Transfer
- Managed Cloud Services
- Cloud Infrastructure Management
- Security Management
- Performance Optimization
- Security and Compliance Services
- Security Assessment and Remediation
- Identity and Access Management (IAM)
- Compliance Adherence
- Other Service Type
- Deployment Mode
- Public Cloud
- Private Cloud
- Hybrid Cloud
Cloud Migration Services, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)
- Media and Entertainment
- BFSI
- Healthcare & Life Sciences
- Retail & Consumer Goods
- Telecom
- Government & Public Sector
- Manufacturing
- Transportation & Automotive
- Other Verticals
Cloud Migration Services, Migration Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Platform Migration
- Data Migration
- Infrastructure Migration
- Application Migration
Cloud Migration Services, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Business Intelligence & Analytics
- Data Warehouse Management
- Supply Chain Management
- Project Management
- Content Management
- Other Applications
Cloud Migration Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Cloud Migration Services Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2024 |
USD 12.54 billion |
|
Revenue forecast in 2032 |
USD 69.73 billion |
|
CAGR |
23.9% from 2024 – 2032 |
|
Base year |
2023 |
|
Historical data |
2019 – 2022 |
|
Forecast period |
2024 – 2032 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
|
Segments covered |
By Offering, By Vertical, By Migration Type, By Application, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
|
For Specific Research Requirements |
