Europe Cloud Migration Services Market Forecast 2024-2032

Europe Cloud Migration Services Market Forecast 2024-2032

The Europe cloud migration services market is forecasted to record a CAGR of 23.70% during the projection period of 2024-2032. The market was valued at $47356.08 million in 2023 and is expected to reach a revenue of $323178.72 million by 2032.

MARKET INSIGHTS

The growth of cloud migration services in Europe is being significantly influenced by several key factors. Many European governments have implemented comprehensive cloud strategies, which have played a pivotal role in driving the adoption of cloud migration services. This governmental support is complemented by increased spending on cloud infrastructure across the region, further propelling market growth.

REGIONAL ANALYSIS

The Europe cloud migration services market growth assessment entails the analysis the United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe. In 2023, the United Kingdom’s public cloud services market achieved a revenue of £669.2 billion, marking a substantial 19.9% increase compared to 2022. This growth underscores the expanding adoption of cloud services across industries, driven by the continued shift towards digital transformation and the growing reliance on cloud-based solutions to enhance business agility, efficiency, and scalability. Key players such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have also been instrumental in this growth, with AWS leading the market in cloud infrastructure services. The significant increase in demand for public cloud services in the UK is primarily attributed to the widespread transition to remote work necessitated by the ongoing pandemic.

As UK businesses adapt to remote work scenarios, there is a marked shift towards leveraging cloud services to automate various business processes. This trend highlights the critical role of cloud computing in supporting the evolving needs of businesses during these transformative times. Recognizing the strategic importance of digital and cloud skills for global competitiveness, AWS has committed to a substantial investment of hundreds of millions of pounds. This investment is aimed at providing free cloud computing skills training to an ambitious target of 29 million people by 2025, including individuals from diverse backgrounds and varying technical expertise across over 200 countries, with a focus on the United Kingdom.

While large enterprises in the UK are leading the way in accelerating cloud adoption, small and medium-sized businesses are increasingly showing interest in infrastructure-as-a-service offerings. A cloud-first approach is becoming more prevalent, as a growing number of businesses envision a future where a substantial portion of their IT operations is transitioned to the cloud. The ongoing demand for public cloud services in the United Kingdom, driven by the imperative of remote work during the pandemic, reflects a paradigm shift in how businesses are approaching and integrating cloud solutions to meet evolving operational needs and sustain growth in an increasingly digital-first environment.

SEGMENTATION ANALYSIS

The Europe cloud migration services market segmentation includes organization size, deployment model, application, and vertical. The application segment is further classified into project management, infrastructure management, security & compliance management, and other applications.

Cloud migration services tailored for security and compliance management have become essential as organizations increasingly depend on cloud platforms and services. The rise in cloud security adoption has led to the development of compliance standards to ensure that cloud environments align with international, federal, state, and local security regulations and laws. Failure to maintain compliance can result in significant consequences, including legal disputes, financial penalties, and reputational harm.

Cloud security solutions, provided by cloud service providers, offer multiservice packages and multilayered services designed to strengthen the security posture of cloud environments. The primary goals of cloud security compliance management are twofold: to ensure that organizations comply with regulatory requirements and internal policies and to efficiently monitor and report on their compliance status. By automating security and compliance postures, cloud migration services help organizations establish configuration governance and proactively detect vulnerabilities and threats.

COMPETITIVE INSIGHTS

Major players operating in the Europe cloud migration services market are NTT Data Business Solutions AG, RiverMeadow Software Inc, Microsoft Corporation, etc.

RiverMeadow Software Inc is a provider of cloud migration solutions, offering a purpose-built, SaaS-based platform designed to facilitate seamless workload migration. The platform includes modules for project management, IT asset discovery, migration, and optimization, enabling users to transition physical, virtual, and cloud-based workloads to public, private, and hybrid cloud environments. It supports various cloud environments, including Azure, AWS, VMware on Azure, VMware on AWS, and OpenStack.

In addition to its platform capabilities, RiverMeadow offers a range of services such as project management, discovery and assessment, architecture and design, managed cloud migration, and post-migration validation. Headquartered in Los Gatos, California, United States, RiverMeadow operates across key regions, including North America, Europe, Asia-Pacific, and Latin America.

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