What’s New in Cloud Migration Services? 2024 Market Trends and Size Explained

The Business Research Company’s report on cloud migration services gives a detailed look at the global market. It covers market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Global Cloud Migration Services Market Size

The cloud migration services market is expected to grow rapidly in the coming years. By 2028, it is projected to reach $505.85 billion, growing at a rate of 21.3% annually. This growth is driven by faster digital transformation, more focus on hybrid and multi-cloud environments, increased use of edge computing, and better integration with DevOps and agile development. Key trends include serverless computing, microservices architecture, application containerization, zero-trust security models, AI-driven automation, and a shift toward cloud-native development.

Top Companies in the Cloud Migration Services Market

Major companies in this field include Amazon Web Services Inc., VMware Inc., Cisco Systems Inc., DXC Technology, Google LLC., Microsoft Corporation, IBM, Oracle, Alibaba Group, Dell Technologies Inc., Hewlett Packard Enterprise, Nutanix Inc., Rackspace Technology Inc., Accenture, Wipro Limited, Tata Consultancy Services, Capgemini SE, Infosys Limited, Cognizant, Deloitte, Atos SE, Virtustream Inc., NetApp Inc., Teradata, Red Hat, Hitachi Vantara LLC, ServiceNow Inc., Turbonomic Inc., Micro Focus International plc, and RiverMeadow Software Inc.

What Drives Market Growth?

The growth in cloud migration services is largely due to the rise in automation. Automation replaces old manual processes with technology, making things more efficient and accurate. For example, 76% of organizations use automation to streamline workflows, and 58% automate data reporting. Innovations include DXC Technology’s ‘pay-per-use’ cloud service model, which provides scalable and secure cloud solutions with no minimum term or volume commitments, especially benefiting customers in the Asia-Pacific region.

Cloud Migration Services Market Segmentation

The market is segmented into:

1. By Service Type: Application Hosting and Monitoring, Automation and Integration, DevOps, Professional Service, Managed Service, and Other Types
2. By Enterprise Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
3. Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
4. By Application: Project Management, Infrastructure Management, Security and Compliance Management, and Other Applications
5. By Industry: Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Healthcare, Manufacturing, Retail, Government, Media and Entertainment, and Other Industries

What’s in the report?

1. Introduction
   
   
   • Overview of the Cloud Migration Services Market
   • Detailed Market Analysis
2. Market Drivers and Restraints
   
   
   • Factors Affecting the Market Historically and in the Future
3. Market Segmentation
   
   
   • By service type, enterprise size, deployment model, application, and industry
4. Competitive Landscape and Company Profiles
   
   
   • Company Overviews, Products, Services, and Strategies
5. Regional and Country Analysis
   
   
   • Market Overview by Region and Country
6. Trends and Opportunities
   
   
   • Technological advancements and emerging trends
7. Future Outlook and Potential
   
   
   • Growth Strategies and New Opportunities

About the Business Research Company

The Business Research Company publishes over 15,000 reports across 27 industries and 60+ countries. Our research uses 1.5 million datasets, extensive secondary research, and exclusive insights from industry leaders. We offer continuous and custom research services, including market entry research, competitor tracking, supplier and distributor packages, and more.