Cloud Migration Services Market – Industry Analysis and Forecast (2023-2029)

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Cloud Migration Services Market size is expected to reach US$ 789.59 Bn in year 2029, at a CAGR of 24.08% during the forecast period.

Cloud Migration Services Market Report Overview

The study analyses the existing and future circumstances in the Cloud Migration Services Market, providing unique insights and up-to-date information across key segments. Within the context of the Cloud Migration Services market, the report addresses critical research areas such as revenue generation, sales, and overall income. In order to provide a comprehensive overview, the research includes two separate scenarios that cover the full Cloud Migration Services market, including expected Cloud Migration Services sales during the projection period.

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Cloud Migration Services Market Report Scope and Research Methodology:

The primary purpose of the Cloud Migration Services market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Cloud Migration Services market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Cloud Migration Services market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Cloud Migration Services market entrants. Furthermore, the global research for the Cloud Migration Services market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.

Market Dynamics: 

The increased adoption of cloud computing and technical developments are important factors contributing to the market's growth. Furthermore, demand for cloud computing is expected to be driven by factors such as lesser security, flexibility, and lower costs. Increasing awareness of business continuity, increasing adoption of cloud computing and technical breakthroughs, implementing increased security and flexibility, and lowering operational expenses are some of the key drivers driving market growth. However, factors such as fear of vendor lock-in and a lack of strong SLAs are impeding industry growth.

Cloud Migration Services Market Segmentation:

by Service Type
Automation Integration
Disaster Recovery
Application Hosting Monitoring
development and operations
Training Consulting
Support Maintenance
Managed Services

by Organization Size
Large Enterprises
Small and Medium-sized Enterprises

by Application
Project Management
Infrastructure Management
Security and Compliance Management
Others

Based on vertical, BFSI vertical is estimated to hold the largest market size in 2018. BFSI organizations lead the industry vertical segment of the market in migrating their workloads to the cloud environment. The need to consolidate the cost of IT and infrastructure is driving BFSI organizations to migrate their workloads in the cloud. Migrating workload to the cloud provides BFSI organizations with agility and flexibility to deploy IT infrastructure and legacy systems in a cost-effective way.

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Cloud Migration Services Market Regional Insights:

In terms of region, North America is expected to hold the largest market share in 2018, while the Asia Pacific is estimated to be the fastest growing region during the forecast period. North America is a matured market in terms of cloud adoption, due to various factors, such as standards, regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of proficient technical expertise.

Cloud Migration Services Market Key Players:

1. Cognizant Technology Solutions Corp
2. Tech Mahindra
3. Accenture PLC
4. Amazon Web Services
5. Microsoft Corporation
6. Google, Inc
7. Cisco Systems, Inc
8. WSM International LLC
9. Computer Sciences Corporation
10.Rackspace Hosting, Inc
11.Rightscale, Inc
12.NTT Data Corporation
13.VMware, Inc
14.IBM Corporation
15.NINtec Systems Ltd
16.Evolve IP
17.DXC Technology
18.River Meadow Software, Inc.
19.AWS
20.Informatica
21.Zerto
22.Virtustream
23.OpenStack

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Table of Content: Cloud Migration Services Market

Part 01: Executive Summary

Part 02: Scope of the Cloud Migration Services Market Report

Part 03: Cloud Migration Services Market Landscape

Part 04: Cloud Migration Services Market Sizing

Part 05: Cloud Migration Services Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Offerings:

  • Past Market Size and Competitive Landscape (2023-2029)
  • Past Pricing and price curve by region (2023-2029)
  • Market Size, Share, Size Forecast by different segment | 2024-2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments and their sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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