Press release
Emerging Trends to Drive Cloud Migration Services Market Growth at 24% CAGR Through 2029
Cloud Migration Services Market
Cloud Migration Services Market Size Growth Forecast: What to Expect by 2025?
The market size for cloud migration services has witnessed a quick surge in recent years. The growth is projected to continue, from $229.09 billion in 2024 to $269.23 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%. The past growth can be credited to a variety of factors including cost-effectiveness and operational efficiency, demands for scalability and flexibility, the necessity for legacy system modernization, security and compliance concerns, as well as the implementation of cloud-first strategies.
How Will the Cloud Migration Services Market Size Evolve and Grow by 2029?
The market size for cloud migration services is forecasted to witness exponential expansion in the upcoming years, reaching a value of $637.13 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 24.0%. This projected increase during the forecast period can be linked to accelerated push for digital transformation, a heightened focus on hybrid and multi-cloud settings, rise of edge computing, incorporation with DeVops and agile development, and an emphasis on data migration and management. In addition, major market trends anticipated within the forecast period are serverless computing and microservices architecture, application portability through containerization, implementation of zero trust security models for cloud platforms, AI-facilitated automation in cloud migration, and a shift towards cloud-native development and architecture.
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What Drivers Are Propelling the Growth of Cloud Migration Services Market Forward?
The increasing utilization of automation solutions is anticipated to boost the growth of the cloud migration services market. These solutions refer to industrial approaches aimed to replace outdated, slow manual methods with more proficient and accurate technology, programs, robotics, or processes. Cloud migration services equip businesses with the necessary tools, automation, and expertise required to execute a safe cloud migration. For instance, Formstack, a software company based in the US, reported in May 2023 that 76% of organizations implement automation to streamline their daily workflows. Additionally, 58% use it for data and reporting automation to aid in planning, while 36% use it to ensure regulatory compliance. Consequently, the increasing use of automation solutions is fostering the development of the cloud migration services market.
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Which Emerging Trends Are Transforming the Cloud Migration Services Market in 2025?
Leading enterprises in the cloud migration services market are prioritizing the development of fresh cloud initiatives to stay ahead of competition. For example, in May 2023, the USA-based software firm, Google LLC, introduced a novel migration program for cloud consumers dubbed the Rapid Migration Program (RaMP). The initiative hastens cloud migration by consolidating its cloud solutions, business frameworks, and top practices into a single program. It simplifies workload transition, promotes uniformity via collaborations with channel partners, and assists companies in goal setting, monitoring developments, and handling potential hazards during the migration phase.
What Are the Key Segments in the Cloud Migration Services Market?
The cloud migration services market covered in this report is segmented -
1) By Service Type: Application Hosting And Monitoring, Automation And Integration, DevOps, Professional Service, Managed Service, Other Service Types
2) By Enterprise Size: Large Enterprises, Small And Medium Sized Enterprises (SMEs)
3) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
4) By Application: Project Management, Infrastructure Management, Security And Compliance Management, Other Applications
Subsegments:
1) By Application Hosting And Monitoring: Web Application Hosting, Database Hosting, Performance Monitoring Solutions
2) By Automation And Integration: Workflow Automation, API Integration Services, CI Or CD Pipeline Automation
3) By DevOps: Continuous Integration Services, Configuration Management, Containerization Services
4) By Professional Service: Cloud Strategy Consulting, Migration Planning And Assessment, Training And Support
5) By Managed Service: Cloud Infrastructure Management, Security And Compliance Management, Backup And Disaster Recovery Services
6) By Other Service Types: Hybrid Cloud Solutions, Cloud Cost Optimization, Multi-Cloud Management Services
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Who Are the Key Players Shaping the Cloud Migration Services Market's Competitive Landscape?
Major companies operating in the cloud migration services market include Amazon Web Services Inc, Vmware Inc., Cisco Systems Inc., DXC Technology, Google LLC., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Alibaba Group Holding Limited, Dell Technologies Inc., Hewlett Packard Enterprise Company, Nutanix Inc., Rackspace Technology Inc., accenture* plc, Wipro Limited, Tata Consultancy Services Limited, Capgemini SE, Infosys Limited, Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Limited, Atos SE, Virtustream Inc., NetApp Inc., Teradata Corporation, Red Hat Inc., Hitachi Vantara LLC, ServiceNow Inc., Turbonomic Inc., Micro Focus International plc, RiverMeadow Software Inc.
What Geographic Markets Are Powering Growth in the Cloud Migration Services Market?
North America was the largest region in the cloud migration services market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud migration services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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