Press release
Cloud Migration Services Market Size to Boost USD 114.54 Billion By 2032 | CAGR 25.7% - Published by Emergen Research
Cloud Migration Services Market
The cloud migration services market represents a critical segment within the broader cloud computing industry, facilitating the transition of businesses from on-premises infrastructure to cloud-based solutions. Cloud migration services encompass a range of offerings, including assessment, planning, data migration, application migration, and post-migration support. With organizations increasingly adopting cloud technologies to enhance scalability, flexibility, and cost-efficiency, the demand for cloud migration services continues to surge globally.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Cloud Migration Services Market :
Several factors drive the growth of the cloud migration services market. Firstly, the need for digital transformation and agility prompts organizations to migrate their IT infrastructure and applications to the cloud, enabling them to innovate faster and respond to market changes more effectively. Secondly, the benefits of cloud computing, such as reduced capital expenditure, improved scalability, and enhanced security, incentivize businesses to leverage cloud migration services to optimize their operations and drive competitive advantage. Additionally, the proliferation of Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) offerings fuels demand for migration services to seamlessly transition to cloud-based solutions.
Restraints and Challenges
Despite its growth prospects, the cloud migration services market faces certain restraints and challenges. One significant challenge is the complexity of migrating legacy systems and applications to the cloud, particularly for large enterprises with heterogeneous IT environments. Ensuring data security, compliance with regulations, and minimal disruption to business operations during migration poses additional challenges for organizations. Moreover, concerns about data sovereignty, latency, and vendor lock-in may hinder some businesses' willingness to fully embrace cloud migration.
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The report also discusses the key players involved in the market such as:
IBM Corporation, SAP SE, Google LLC, Capgemini, Amazon Web Services, Inc., Microsoft, Hewlett Packard Enterprise Development LP, VMware, Inc., NTT DATA Americas, Inc., Tata Communications, Wipro, Vodafone Limited, Veritis Group Inc., Tech Mahindra, Dell, HCL Technologies, Cisco Systems, DXC, and Rackspace
The report provides a thorough estimation of the overall impact of the pandemic on the Cloud Migration Services Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Cloud Migration Services Market
Cloud Migration Services Latest Industry News
On 7 September 2023, PwC entered a three-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to deliver approximately USD 800 million in value to clients. This collaboration focuses on cloud migration and modernization, data and analytics, cybersecurity, customer experience, managed services, and climate reporting. PwC and AWS aim to help organizations transform, innovate, and build modern technology infrastructures to enhance business models and stay ahead in an ever-changing business landscape. This partnership leverages the expertise of both firms to offer human-led, tech-powered solutions to drive growth and efficiency for clients, with over 200 projects already underway for Fortune 500 clients.
On 6 September 2023, InterVision, a prominent cloud and managed services provider, entered a multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). This partnership, driven by InterVision's status as an AWS Premier Tier Services Partner, aims to increase cloud adoption and modernization for both public sector and commercial customers. InterVision holds six AWS competencies and is a part of various AWS programs, demonstrating its commitment to innovation and problem-solving for customers in various industries. The companies will offer services such as Amazon Connect customizations, data modernization, and managed cloud services.
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Cloud Migration Services Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the global cloud migration services market on the basis of service type, platform, application, deployment, enterprise size, vertical, and region:
Service Type Outlook (Revenue, USD Billion; 2019-2032)
Automation and Integration
Disaster Recovery
Application Hosting and Monitoring
Devops
Training and Consulting
Support and Maintenance
Managed Services
Platform Outlook (Revenue, USD Billion; 2019-2032)
Solutions
Services
Application Outlook (Revenue, USD Billion; 2019-2032)
Project Management
Infrastructure Management
Security and Compliance Management
Others
Deployment Outlook (Revenue, USD Billion; 2019-2032)
Public
Private
Hybrid
Enterprise Outlook (Revenue, USD Billion; 2019-2032)
Large Enterprise
Small & Medium Enterprise (SME)
Vertical Outlook (Revenue, USD Billion; 2019-2032)
Information Technology (IT) & Telecommunications
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Government & Public Sector
Manufacturing
Automotive
Retail & Consumer Goods
Media & Entertainment
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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