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Cloud Migration Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 149 pages | ID: C09C4AF2E226EN
IMARC Group

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The global cloud migration services market size reached US$ 169.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 638.0 Billion by 2028, exhibiting a growth rate (CAGR) of 24.68% during 2022-2028.

Cloud migration services help companies move applications and databases from a legacy, on-premise IT infrastructure to a public cloud. They include operating cost optimization strategy, setting monitoring tools, and transferring knowledge to in-house teams. They also comprise detailed process descriptions and continuous integration and deployment (CI/CD) pipeline designs for quick development. Nowadays, organizations worldwide are adopting cloud migration services to achieve flexibility and scalability, improve agility, reduce IT operating costs, enhance time to market, and accelerate the digital transformation process.

Cloud Migration Services Market Trends:
The economic and business challenges posed by the coronavirus disease (COVID-19) pandemic have encouraged enterprises across the globe to digitize key business processes using the cloud. This represents one of the key factors positively influencing the demand for cloud migration services to boost the speed, performance, and security of cloud adoption and transformation. Additionally, educational institutions are relying on cloud computing to impart remote education. Apart from this, health firms are adopting cloud solutions to meet the security, privacy, and compliance needs of healthcare practices. This, in confluence with the growing volume of medical data on account of the rising prevalence of diseases, is creating a positive market outlook. Moreover, cloud migration services are gaining widespread adoption in the banking, financial services, and insurance (BFSI) industry to migrate hardware data and provide technologically aided services securely. Furthermore, manufacturing firms are integrating these services to meet the Industry 4.0 standards and modernize and automate industrial processes. The rising number of construction activities and the emerging trend of online shopping are other factors expanding the applications of cloud migration services in the e-commerce and real estate sectors around the world.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud migration services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, enterprise size, deployment mode, application and industry vertical.

Breakup by Service Type:

Managed Services
Professional Services

Breakup by Enterprise Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Deployment Mode:

Public Cloud
Private Cloud
Hybrid Cloud

Breakup by Application:

Project Management
Infrastructure Management
Security and Compliance Management
Others

Breakup by Industry Vertical:

BFSI
Manufacturing
Healthcare and Life Sciences
IT and Telecommunications
Consumer Goods and Retail
Government and Public Sector
Media and Entertainment
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Amazon Web Services Inc. (Amazon.com Inc), Cisco Systems Inc., DXC Technology Company, Flexera, Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation, Oracle Corporation, Rackspace Technology Inc. and VMware Inc. (Dell Technologies Inc.).

Key Questions Answered in This Report
1. What was the size of the global cloud migration services market in 2022?
2. What is the expected growth rate of the global cloud migration services market during 2023-2028?
3. What has been the impact of COVID-19 on the global cloud migration services market?
4. What are the key factors driving the global cloud migration services market?
5. What is the breakup of the global cloud migration services market based on the service type?
6. What is the breakup of the global cloud migration services market based on the enterprise size?
7. What is the breakup of the global cloud migration services market based on the deployment mode?
8. What is the breakup of the global cloud migration services market based on the application?
9. What is the breakup of the global cloud migration services market based on the industry vertical?
10. What are the key regions in the global cloud migration services market?
11. Who are the key players/companies in the global cloud migration services market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CLOUD MIGRATION SERVICES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SERVICE TYPE

6.1 Managed Services
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Professional Services
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY ENTERPRISE SIZE

7.1 Small and Medium-sized Enterprises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Large Enterprises
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY DEPLOYMENT MODE

8.1 Public Cloud
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Private Cloud
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Hybrid Cloud
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Project Management
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Infrastructure Management
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Security and Compliance Management
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY INDUSTRY VERTICAL

10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Manufacturing
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Healthcare and Life Sciences
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 IT and Telecommunications
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Consumer Goods and Retail
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Government and Public Sector
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Media and Entertainment
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Accenture plc
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Amazon Web Services Inc. (Amazon.com Inc)
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 SWOT Analysis
  16.3.3 Cisco Systems Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 DXC Technology Company
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5 Flexera
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 SWOT Analysis
  16.3.6 Google LLC (Alphabet Inc.)
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 SWOT Analysis
  16.3.7 International Business Machines Corporation
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Microsoft Corporation
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Nippon Telegraph and Telephone Corporation
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Oracle Corporation
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
    16.3.10.4 SWOT Analysis
  16.3.11 Rackspace Technology Inc.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
  16.3.12 VMware Inc. (Dell Technologies Inc.)
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Cloud Migration Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cloud Migration Services Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
Table 3: Global: Cloud Migration Services Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
Table 4: Global: Cloud Migration Services Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Cloud Migration Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Cloud Migration Services Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 7: Global: Cloud Migration Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Cloud Migration Services Market: Competitive Structure
Table 9: Global: Cloud Migration Services Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cloud Migration Services Market: Major Drivers and Challenges
Figure 2: Global: Cloud Migration Services Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cloud Migration Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cloud Migration Services Market: Breakup by Service Type (in %), 2022
Figure 5: Global: Cloud Migration Services Market: Breakup by Enterprise Size (in %), 2022
Figure 6: Global: Cloud Migration Services Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Cloud Migration Services Market: Breakup by Application (in %), 2022
Figure 8: Global: Cloud Migration Services Market: Breakup by Industry Vertical (in %), 2022
Figure 9: Global: Cloud Migration Services Market: Breakup by Region (in %), 2022
Figure 10: Global: Cloud Migration Services (Managed Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Cloud Migration Services (Managed Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Cloud Migration Services (Professional Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Cloud Migration Services (Professional Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Cloud Migration Services (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Cloud Migration Services (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Cloud Migration Services (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Cloud Migration Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Cloud Migration Services (Public Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Cloud Migration Services (Public Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Cloud Migration Services (Private Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Cloud Migration Services (Private Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Cloud Migration Services (Hybrid Cloud) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Cloud Migration Services (Hybrid Cloud) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Cloud Migration Services (Project Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Cloud Migration Services (Project Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Cloud Migration Services (Infrastructure Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Cloud Migration Services (Infrastructure Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Cloud Migration Services (Security and Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Cloud Migration Services (Security and Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Cloud Migration Services (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Cloud Migration Services (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Cloud Migration Services (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Cloud Migration Services (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Cloud Migration Services (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Cloud Migration Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Cloud Migration Services (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Cloud Migration Services (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Cloud Migration Services (IT and Telecommunications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Cloud Migration Services (IT and Telecommunications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Cloud Migration Services (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Cloud Migration Services (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Cloud Migration Services (Government and Public Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Cloud Migration Services (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Cloud Migration Services (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Cloud Migration Services (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Cloud Migration Services (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Cloud Migration Services (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United States: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United States: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Canada: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Canada: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Asia-Pacific: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Asia-Pacific: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: China: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: China: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Japan: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Japan: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: India: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: India: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: South Korea: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: South Korea: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Australia: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Australia: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Indonesia: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Indonesia: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Europe: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Europe: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Germany: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Germany: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: France: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: France: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: United Kingdom: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: United Kingdom: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Italy: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Italy: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Spain: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Spain: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Russia: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Russia: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Latin America: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Latin America: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Brazil: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Brazil: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Mexico: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Mexico: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Others: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Others: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Middle East and Africa: Cloud Migration Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Middle East and Africa: Cloud Migration Services Market: Breakup by Country (in %), 2022
Figure 96: Middle East and Africa: Cloud Migration Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Global: Cloud Migration Services Industry: SWOT Analysis
Figure 98: Global: Cloud Migration Services Industry: Value Chain Analysis
Figure 99: Global: Cloud Migration Services Industry: Porter's Five Forces Analysis


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