The global cloud migration services market is projected to register a CAGR of 23.3% during the forecast period, reaching USD 29.2 billion by 2028 from an estimated USD 10.2 billion in 2023. Major factors to boost the market growth include the increasing demand for better agility and automation, the requirement for swifter and seamless deployment, and seamless integration and compatibility of enterprise applications with the evolving landscape of cloud technology.
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By service type, assessment & planning services segment to register for the largest market size during the forecast period.
By service type, assessment & planning services segment is expected to register the largest market size during the forecast period. These services align the cloud migration strategy with the business objectives of the organization. By understanding the specific goals and requirements, assessment services ensure that the migration plan is tailored to meet the unique needs of the business. Assessment and Planning Services form the foundational phase of cloud migration, providing organizations with a comprehensive understanding of their current state, aligning migration strategies with business objectives, identifying and mitigating risks, and developing a detailed roadmap for a successful transition to the cloud.
By deployment mode, hybrid cloud to register for the highest CAGR during the forecast period.
The hybrid cloud segment of the cloud migration services market is growing rapidly. Hybrid Cloud deployment, supported by cloud migration services, provides organizations with a balanced and adaptable approach to cloud adoption. It offers the advantages of cloud scalability and innovation while allowing organizations to retain control over certain workloads and maintain compliance with specific requirements. Cloud migration services are instrumental in designing, implementing, and optimizing Hybrid Cloud solutions tailored to the unique needs of each organization.
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Unique Features in the Cloud Migration Services Market
Organisations may simply scale resources up or down in response to demand thanks to cloud migration services, which provide scalable solutions that can adjust to changing business needs.
With pay-as-you-go pricing structures, providers provide affordable solutions that minimise upfront infrastructure expenditures and let businesses optimise expenses by only paying for the resources they really utilise.
In order to ensure effective workload migration across cloud environments, providers streamline migration procedures and minimise manual labour. They accomplish this by providing automation and orchestration capabilities.
Services enable smooth resource management and integration between public and private clouds, maximising flexibility and performance in hybrid and multi-cloud systems.
Providers minimise downtime and data loss by providing expertise in data migration and transfer, enabling a seamless shift of data from on-premises systems to the cloud.
Major Highlights of the Cloud Migration Services Market
As more businesses attempt to manage intricate migration procedures and guarantee smooth cloud transfers, there is an increasing need for knowledge in cloud migration strategy, planning, and execution.
Cloud migration services are increasingly lacking without automation and orchestration capabilities, which allow enterprises to guarantee effective workload and application transfer across cloud environments, minimise human labour, and expedite migration procedures.
Service providers are expanding their market reach, improving their service offerings, and meeting the changing demands of clients along their cloud migration journeys by establishing strategic alliances with cloud platform suppliers, technology companies, and consulting organisations.
The pursuit of cost optimisation is a crucial factor in cloud migration endeavours, prompting establishments to look for migration services that provide economical solutions, pay-as-you-go pricing schemes, and optimisation tactics to reduce infrastructure expenses and optimise return on investment in the cloud.
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Top Key Companies in the Cloud Migration Services Market
Some leading players in the cloud migration services market include IBM (US), AWS (US), Google (US), Microsoft (US), Oracle (US), SAP (Germany), VMWare (US), Cisco (US), NTT Data (Japan), Accenture (Ireland), Infosys (India), DXC (US), HPE (US), Veritis (US), RiverMeadow (US), Rackspace (US), Informatica (US), WSM (US), and so on. These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the cloud migration services market.
IBM
With a pioneering spirit in technology, IBM leads the charge in developing and implementing cutting-edge solutions leveraging AI, blockchain, and cloud computing. What further amplifies its impact is the extensive global reach, operating in over 170 countries, positioning IBM as a catalyst for businesses worldwide to embrace data management practices in addressing the evolving digital landscape, IBM strategically launched the IBM Power Virtual Server for efficient migration to IBM Cloud. Leveraging the IBM Turbonomic platform, the initiative streamlined cloud migration through smart planning tools, catering to various organizational cloud strategies. IBM Consulting Cloud Migration Services facilitated the process, emphasizing rehosting patterns and automation with tools like IBM Consulting Cloud Accelerator. The strategic focus highlighted the advantages of IBM Cloud as a secure, open, and advanced platform for businesses across 20 industries. The approach encompassed a rapid “lift and shift” strategy for quick validation, followed by tailored application modernization, including options like containerization or serverless computing. In essence, IBM positioned itself as a strategic partner, offering concise and effective services for seamless and secure cloud migration.
Google
Google has a strong regulatory framework that enables it to generate authorized audit reports for numerous settings. Additionally, Google has a significant advantage in giving users access to financial and usage data. Google Cloud’s cloud migration services excel in providing automatic and seamless adaptations for Compute Engine, streamlining the migration process, and ensuring a smooth transition. Additionally, Google Cloud offers built-in pre-migration validation and testing features, enabling businesses to identify and address potential issues proactively. Google cloud’s fast on-premises stateful rollback capability enhances data integrity, providing a reliable fallback mechanism during migration challenges. Furthermore, Google Cloud simplifies resource management with easy provisioning and rightsizing options, allowing organizations to optimize their cloud infrastructure efficiently. These features collectively make Google Cloud a robust choice for businesses seeking reliable solutions for their cloud migration needs. Google is well positioned to offer the best-in-class security with their assets and expertise.
AWS
AWS is acknowledged in the realm of cloud migration for specific reasons. Its expansive global network is designed to facilitate smooth transitions, even for substantial deployments, offering notable scalability and reliability in the cloud migration landscape. Beyond sheer capability, AWS employs pre-built tools like AWS Migration Hub and Serverless Application Model (SAM) to automate workflows and expedite migrations, minimizing downtime and complexity specifically in the context of cloud migration processes. Notably, tailored guidance is a significant aspect, where a widespread network of industry-specific Competency Partners and pre-built migration playbooks delivers best practices and risk mitigation for businesses undergoing cloud migration. Furthermore, AWS emphasizes innovation and security in the realm of cloud migrations, regularly introducing new features for secure migrations, supported by the Well-Architected Framework and dedicated security services. Whether addressing a critical enterprise application or upgrading a legacy system through cloud migration, AWS provides a robust and adaptable platform for a seamless cloud journey.
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