Cloud Migration Services Market Segmentation by Deployment Type (Private, Public, and Hybrid); by Organization Size (Small & Medium Organization, and Large Organization); and by Application (Infrastructure, Compliance & Security, and Project Management)-Global Demand Analysis & Opportunity Outlook 2031

Global Cloud Migration Services Market Highlights Over 2022 - 2031

The global cloud migration services market is estimated to grow at a ~25% CAGR over the forecast period, i.e., 2022–2031. Moreover, the market registered a revenue of approximately USD 137.0 billion in 2021. The growth of the market can be attributed to the rise in the need for organizations to shift from on-premise to cloud deployment. Moreover, the increase in the adoption of artificial intelligence and the internet of things (IoT) for real-time analytics in organizations is expected to surge the growth of the market. For instance, the artificial intelligence adoption rate worldwide amongst organizations was recorded to be about 33 percent in the year 2021, thereby representing a 4 times increase from the past year. In addition, there has been an increase in the demand for cloud computing owing to various factors such as high security, and lower operational costs.

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The global cloud migration services market is segmented by application into infrastructure, compliance & security, and project management. Out of these, the compliance & security segment is anticipated to hold the largest share in the global cloud migration services market over the forecast period. This can be attributed to protecting the cloud-based data from being misused, boosting integration and supporting the organizations to meet their compliance needs.

Global Cloud Migration Services Market Regional Synopsis

Regionally, the global cloud migration services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. On the strength of a rise in businesses migrating IT infrastructure towards cloud deployment and the incorporation of artificial intelligence, the market in the North America region is expected to hold the largest share over the forecast period. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the realization of the benefits related to cloud deployments, such as improved efficiency and lower cost of operations. Moreover, there has been an increase in government support for the digitalization of the economy. For instance, the digital economy of China has been raised to 6% of the GDP. Moreover, the digital India initiatives are taken by the government of India to move the country towards digitalization.

Market Segmentation

Our in-depth analysis of the global cloud migration services market includes the following segments:

By Deployment Type

• Private

• Public

• Hybrid

By Organization Size

• Small & Medium Organization

• Large Organization

By Application

• Infrastructure

• Compliance & Security

• Project Management

Growth Drivers and Challenges Impacting the Growth of the Global Cloud Migration Services Market

Growth Drivers

• Rise in the demand for organizations to shift from on-premise to cloud deployment

• Increase in the adoption of artificial intelligence and the internet of things (IoT) for real-time analytics

Challenges

• Lack of awareness related to cloud migration services

• High prices for cloud deployment on small & medium enterprises

Key Companies Dominating the Global Cloud Migration Services Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cloud migration services market that are included in our report are Microsoft Corporation, IBM Corporation, VMware, Inc., Cisco Systems, Inc., Alphabet Inc., NTT Ltd, HCL Technologies Limited, Wipro Limited, DXC Technology Company, Informatica LLC, and others.

Latest Developments in the Global Cloud Migration Services Market:

• 8 June 2022: Wipro Limited and ServiceNow announced a partnership to help Petrobras, Brazil's largest publicly traded company and one of the world's largest oil, natural gas, and derivatives exploration, production, and distribution companies, to accelerate towards internal customer experience and automation.

• 9 May 2022: HCL Technologies Limited announced a partnership with Syniti to adopt intelligent data migration platform to provide customers with higher-quality data and improved data management strategy.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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