PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1485252
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1485252
Cloud Migration Services Market Size - By Platform (Solution, Services) By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (large Enterprises, SMEs), Application, Vertical, Regional Insights and Forecast, 2024 - 2032
The Cloud Migration Services Market is expected to grow at a CAGR of 23% during 2024-2032, driven by increasing demand for cost-effective solutions, adoption of cloud computing, need for agility and scalability, and proliferation of data and technologies like Big Data, IoT, and AI.
As per data from Hostinger, e-commerce statistics show a 5% increase from 2022, with at least 33% of global consumers now shopping online to fulfill their needs. With the proliferation of online shopping platforms and the shift in consumer preferences towards digital channels, businesses are under pressure to enhance their digital capabilities rapidly.
E-commerce companies are leveraging cloud migration services to optimize their online platforms, improve website performance, and ensure seamless scalability to accommodate surges in online traffic, especially during peak shopping seasons and promotional events. Moreover, cloud migration enables e-commerce businesses to effectively manage their vast volumes of data, streamline inventory management, personalize customer experiences, and deploy innovative marketing strategies. As the e-commerce landscape continues to evolve, fueled by changing consumer behaviors and technological advancements, the demand for cloud migration services could soar, further expanding the market base.
The Cloud Migration Services Industry is classified based on platform, deployment, organization size, application, vertical, and region.
The services segment will record a noteworthy valuation by 2032, as cloud migration platforms provide businesses with the tools and resources needed to streamline the migration process, minimize downtime, and optimize performance. Furthermore, these platforms offer robust security measures to safeguard data and ensure compliance with regulatory requirements throughout the migration journey. As organizations increasingly embrace multi-cloud and hybrid cloud strategies, platform-based migration services are poised to witness sustained growth.
The Cloud Migration Services Market Share from the large enterprises segment will register decent growth over 2024-2032, owing to their complex IT environments and diverse workload requirements. These organizations are leveraging cloud migration services to modernize legacy systems, enhance scalability, and improve operational efficiency. By migrating to cloud-based infrastructure, large enterprises can reduce capital expenditures, mitigate risks, and accelerate time-to-market for new products and services.
Asia Pacific Cloud Migration Services industry will expand rapidly from 2024 to 2032, fueled by rapid urbanization, digitalization, and economic growth. Countries such as China, India, Japan, and Australia are witnessing increased adoption of cloud computing solutions across various industry verticals, including BFSI, healthcare, manufacturing, and retail. Factors such as government initiatives promoting digital transformation, the proliferation of mobile devices, and the rise of e-commerce are driving the demand for cloud migration services in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Cloud migration services industry 360 degree synopsis, 2024 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Profit margin analysis
- 3.3 Technology & innovation landscape
- 3.4 Patent analysis
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Increasing demand for agility and automation
- 3.7.1.2 Growing adoption of cloud-native technologies
- 3.7.1.3 Evolving security landscape
- 3.7.1.4 Government initiatives and regulations
- 3.7.1.5 Maturity and cost-effectiveness of cloud services
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 Lack of planning and strategy
- 3.7.2.2 Hidden costs and vendor lock-in
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Platform, 2022 - 2032 (USD Billion)
- 5.1 Key trends
- 5.2 Solution
- 5.2.1 Infrastructure migration
- 5.2.2 Platform migration
- 5.2.3 Database migration
- 5.2.4 Application migration
- 5.2.5 Storage migration
- 5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services
Chapter 6 Market Estimates & Forecast, By Deployment, 2022 - 2032 (USD Billion)
- 6.1 Key trends
- 6.2 Public cloud
- 6.3 Private cloud
- 6.4 Hybrid cloud
Chapter 7 Market Estimates & Forecast, By Organization Size, 2022 - 2032 (USD Billion)
- 7.1 Key trends
- 7.2 Large enterprises
- 7.3 Small & Medium-Sized Enterprises (SMEs)
Chapter 8 Market Estimates & Forecast, By Application, 2022 - 2032 (USD Billion)
- 8.1 Key trends
- 8.2 Project management
- 8.3 Infrastructure management
- 8.4 Security & Compliance management
- 8.5 Supply Chain Management (SCM)
- 8.6 Content management
- 8.7 Others
Chapter 9 Market Estimates & Forecast, By Vertical, 2022 - 2032 (USD Billion)
- 9.1 Key trends
- 9.2 IT & Telecommunications
- 9.3 BFSI
- 9.4 Healthcare
- 9.5 Government & Public sector
- 9.6 Others
Chapter 10 Market Estimates & Forecast, By Region, 2018 - 2032 (USD Billion)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 Accenture
- 11.2 Amazon Web Services, Inc.
- 11.3 Capgemini
- 11.4 Google LLC
- 11.5 Hewlett Packard Enterprise Development LP
- 11.6 IBM Corporation
- 11.7 Kyndryl Inc.
- 11.8 Microsoft
- 11.9 NTT DATA Americas, Inc.
- 11.10 RedHat
- 11.11 SAP SE
- 11.12 Tata Communications
- 11.13 Veritis Group Inc.
- 11.14 VMware, Inc.
- 11.15 Wipro
