Summary

Cloud Migration Service Trends and Forecast
The future of the global cloud migration service market looks promising with opportunities in the BFSI, healthcare and life sciences, telecommunications and ITES, government and public sector, manufacturing, consumer goods and retail, and media and entertainment markets. The global cloud migration service market is expected to reach an estimated $56.9 billion by 2030 with a CAGR of 24.9% from 2024 to 2030. The major drivers for this market are growing need for operational flexibility in businesses, widespread integration of automation solutions, and increase in the use of hybrid cloud services.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Cloud Migration Service by Segment
The study includes a forecast for the global cloud migration service by service type, deployment model, application, end use, and region.

Cloud Migration Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
• DevOps
• Disaster Recovery
• Managed Services

Cloud Migration Service Market by Deployment Model [Shipment Analysis by Value from 2018 to 2030]:
• Public Cloud
• Private Cloud
• Hybrid Cloud

Cloud Migration Service Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Project Management
• Compliance & Security Management
• Others

Cloud Migration Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Healthcare & Life Sciences
• Telecommunications & ITES
• Government & Public Sector
• Manufacturing
• Consumer Goods & Retail
• Media & Entertainment
• Others

Cloud Migration Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cloud Migration Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud migration service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud migration service companies profiled in this report include-
• IBM
• SAP
• Google
• Capgemini
• Amazon Web Services
• Hewlett Packard Enterprise Development
• Accenture
• VMware
• NTT Data Americas
• Tata Communications

Cloud Migration Service Market Insights
Lucintel forecasts that public cloud will remain the largest segment over the forecast period because of its low costs and adaptable pricing structure, which includes subscription-based and pay-as-you-go programs.

North America is expected to witness highest growth over the forecast period due to increasing presence of large enterprises, good technical expertise, and growing adoption of cloud migration services in this region.

Features of the Global Cloud Migration Service Market

Market Size Estimates: Cloud migration service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cloud migration service market size by various segments, such as by service type, deployment model, application, end use, and region in terms of value ($B).
Regional Analysis: Cloud migration service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different service type, deployment model, application, end use, and regions for the cloud migration service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cloud migration service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the cloud migration service market size?
Answer: The global cloud migration service market is expected to reach an estimated $56.9 billion by 2030.

Q.2 What is the growth forecast for cloud migration service market?
Answer: The global cloud migration service market is expected to grow with a CAGR of 24.9% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the cloud migration service market?
Answer: The major drivers for this market are growing need for operational flexibility in businesses, widespread integration of automation solutions, and increase in the use of hybrid cloud services.

Q4. What are the major segments for cloud migration service market?
Answer: The future of the global cloud migration service market looks promising with opportunities in the BFSI, healthcare and life sciences, telecommunications and ITES, government and public sector, manufacturing, consumer goods and retail, and media and entertainment markets.

Q5. Who are the key cloud migration service market companies?
Answer: Some of the key cloud migration service companies are as follows:
• IBM
• SAP
• Google
• Capgemini
• Amazon Web Services
• Hewlett Packard Enterprise Development
• Accenture
• VMware
• NTT Data Americas
• Tata Communications

Q6. Which cloud migration service market segment will be the largest in future?
Answer: Lucintel forecasts that public cloud will remain the largest segment over the forecast period because of its low costs and adaptable pricing structure, which includes subscription-based and pay-as-you-go programs.

Q7. In cloud migration service market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increasing presence of large enterprises, good technical expertise, and growing adoption of cloud migration services in this region.

Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the cloud migration service market by service type (devops, disaster recovery, and managed services), deployment model (public cloud, private cloud, and hybrid cloud), application (project management, compliance & security management, and others), end use (BFSI, healthcare & life sciences, telecommunications & ITES, government & public sector, manufacturing, consumer goods & retail, media & entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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