Global Cloud Migration Services Market to Grow at 19.82% During 2025-2033, Bolstered by Growing Penetration of Cloud Computing

November 21, 2024 | Technology & Media

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The latest report by IMARC Group, titled “Cloud Migration Services Market Report by Service Type (Managed Services, Professional Services), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), Application (Project Management, Infrastructure Management, Security and Compliance Management, and Others), Industry Vertical (BFSI, Manufacturing, Healthcare and Life Sciences, IT and Telecommunications, Consumer Goods and Retail, Government and Public Sector, Media and Entertainment, and Others), and Region 2025-2033,” finds that the global cloud migration services market size reached USD 257.4 Billion in 2024. Cloud migration services enable organizations to deploy digital assets, services, IT resources and applications to the cloud. It is a set of processes that help end-users move their business operation, processes, and applications on cloud infrastructure or cloud computing environment. It also consists of detailed process descriptions and continuous integration and deployment pipeline designs for quick development. Cloud migration services combine various research and innovation with the complete lifecycle of cloud-ready solutions as a way of providing accelerated time-to-market (TTM), enhancing operational processes, accelerating the digital transformation process, and reducing IT operating costs.

Global Cloud Migration Services Market Trends:

The market is primarily driven by the rising penetration of cloud computing across various organizations. Cloud migration services enable end-users to gain operational and economic benefits of cloud computing through multiple automation tools such as automated backup and recovery, auto-scaling, and auto-provisioning. Nowadays, various industries, such as BFSI, healthcare and education, are employing private or hybrid cloud migration solutions to provide a high-end security framework. It also upgrades the entire business operation and promotes growth and agility. Besides this, the market is propelled by the real-time experience, business elements, and accessibility to on-premise data that aid in setting up several business units in minimal time. Furthermore, the recent outbreak of the coronavirus disease (COVID-19) pandemic has resulted in the digitization of key business processes using the cloud, which is fueling the market growth. Looking forward, IMARC Group expects the market value to reach USD 1,490.1 Billion by 2033, exhibiting a CAGR of 19.82% during 2025-2033.

Market Summary:

Based on the service type, the market has been bifurcated into managed and professional services.
On the basis of the enterprise size, the market has been classified into small and medium-sized, and large enterprises.
The market has been categorized based on the deployment mode into public, private, and hybrid cloud.
On the basis of the application, the market has been segregated into project, infrastructure, security and compliance, and other management.
Based on the industry vertical, the market has been segmented into BFSI, manufacturing, healthcare and life sciences, IT and telecommunications, consumer goods and retail, government and public sector, media and entertainment, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Accenture PLC, Amazon Web Services, Inc. (Amazon.com Inc), Cisco Systems Inc., DXC Technology Company, Flexera Software LLC, 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.).

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Service Type, Enterprise Size, Deployment Mode, Application, Industry Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.)
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Cloud Migration Services Market to Grow at 19.82% During 2025-2033, Bolstered by Growing Penetration of Cloud Computing

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