Global Cloud Migration Services Market Size, Share & Trends Analysis Report By Platform (Solution and Services), By Enterprise Size, By Deployment, By End-use Industry, By Regional Outlook and Forecast, 2024 - 2031

The Global Cloud Migration Services Market size is expected to reach $80.84 billion by 2031, rising at a market growth of 24.6% CAGR during the forecast period.

As telecommunications companies look to enhance their infrastructure, optimize data management, and offer new cloud-based services, they are heavily investing in cloud migration services. The demand for 5G technologies and integrating cloud computing with telecom networks drive this market segment’s growth. In 2023, the IT & telecommunications segment registered 21% revenue share in the market. Thus, this sector has grown robustly due to its increasing reliance on cloud technologies to support global networks, improve communication systems, and scale operations.

The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In January, 2025, IBM Corporation and SAP SE have partnered to offer enterprises running S/4HANA on Power Systems a streamlined migration path to SAP's RISE cloud platform in as little as 90 days. The solution includes the IBM Transformation Suite and expert services for seamless migration and automation. Additionally, In December, 2024, Hewlett Packard Enterprise Company and Spectro Cloud partnered to launch an "Edge-in-a-box" solution, integrating Spectro Cloud’s Palette Edge Kubernetes management platform with HPE ProLiant DL145 Gen11 server. This solution simplifies the deployment, security, and management of cloud-based applications in distributed, far-edge environments.

Based on the Analysis presented in the KBV Cardinal matrix; Microsoft Corporation and Google LLC are the forerunners in the Cloud Migration Services Market. Companies such as IBM Corporation Accenture PLC and SAP SE are some of the key innovators in Cloud Migration Services Market. In April, 2024, Microsoft Corporation and Cloud Software Group entered an eight-year strategic partnership to enhance Citrix's virtual application platform and cloud solutions. The collaboration focuses on AI, cloud integration, and product development, with a $1.65 billion commitment to Microsoft’s cloud and generative AI capabilities.

Market Growth Factors

Businesses today operate in dynamic environments where demand for computing resources can fluctuate significantly. Traditional on-premise infrastructure often struggles to accommodate sudden spikes in workload or unexpected growth, leading to performance bottlenecks and increased operational costs. Thus, the growing need for scalability and flexibility drives the market's growth.

Additionally, Digital transformation has become a strategic priority for organizations looking to enhance efficiency, agility, and customer engagement. Cloud migration is crucial in this transformation by enabling businesses to modernize their IT infrastructure, integrate emerging technologies, and drive innovation. Companies are leveraging cloud computing to support artificial intelligence (AI), big data analytics, and Internet of Things (IoT) applications, unlocking new growth opportunities. Hence, rising digital transformation initiatives among organizations drive the market's growth.

Market Restraining Factors

While cloud migration offers long-term cost benefits, the initial investment can be substantial. Businesses must allocate resources for cloud service subscriptions, migration tools, infrastructure upgrades, and employee training. Hiring skilled IT professionals or partnering with third-party cloud migration service providers adds to the overall cost burden, making it challenging for small and medium-sized enterprises (SMEs) to adopt cloud solutions. In conclusion, cloud migration's high initial costs and complexity are impeding the market's growth.

Platform Outlook

Based on platform, the market is divided into solution and services. The service segment procured 36% revenue share in the market in 2023. This segment encompasses various services organizations provide as they transition to the cloud, including consulting, implementation, support, and maintenance. The increasing demand for comprehensive cloud migration strategies, along with the complexity of ensuring smooth data migration, system integration, and minimizing downtime, has driven the growth of the service segment.

Solution Outlook

The solution segment is further subdivided into infrastructure migration, platform migration, database migration, application migration, and storage migration. In 2023, the application migration segment held 16% revenue share in the market. Application migration involves moving software applications to the cloud environment, often focusing on ensuring minimal disruption and maintaining functionality across the cloud infrastructure.

Service Outlook

The service segment is further subdivided into professional services and managed services. In 2023, the professional services segment attained 35% revenue share in the market. This segment includes consulting, advisory, and implementation services provided by experienced firms that assist businesses in navigating the complexities of cloud migration. Professional services are critical in helping organizations plan, execute, and optimize their cloud migration strategies.

Deployment Outlook

On the basis of deployment, the market is segmented into public, private, and hybrid. In 2023, the hybrid segment attained 25% revenue share in the market. Hybrid cloud solutions combine the benefits of both private and public cloud environments, offering organizations flexibility in managing their workloads. Many enterprises are moving to hybrid cloud models to maintain control over sensitive data while leveraging the scalability and cost benefits of the public cloud for other non-sensitive operations.

Enterprise Size Outlook

Based on enterprise size, the market is categorized into large size enterprises and small and medium sized enterprises (SMEs). In 2023, the large size enterprises segment registered 63% revenue share in the market. Large enterprises increasingly migrate to the cloud for enhanced scalability, flexibility, and cost efficiency. With complex infrastructure needs and a global presence, these organizations are adopting cloud solutions to streamline operations, improve collaboration, and manage vast amounts of data.

End Use Outlook

By end-use industry, the market is divided into IT & telecommunications, BFSI, healthcare, government & public sector, manufacturing, automotive, retail & consumer goods, media & entertainment, and others. In 2023, the healthcare segment attained 15% revenue share in the market. The healthcare industry is progressively moving towards cloud-based solutions to improve patient care, enhance data security, and streamline operations.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated 31% revenue share in the market in 2023. The rapid digitalization of businesses in emerging markets such as India, China, and Southeast Asia primarily drives this growth. As companies in these regions transition from legacy systems to cloud-based solutions, the demand for cloud migration services has surged.

Recent Strategies Deployed in the Market

• Dec-2024: Hewlett Packard Enterprise Company and Spectro Cloud partnered to launch an "Edge-in-a-box" solution, integrating Spectro Cloud’s Palette Edge Kubernetes management platform with HPE ProLiant DL145 Gen11 server. This solution simplifies the deployment, security, and management of cloud-based applications in distributed, far-edge environments.
• Dec-2024: Amazon Web Services, Inc. and Atlassian Corporation announced a multi-year collaboration to migrate millions of enterprise users to Atlassian Cloud, leveraging AWS infrastructure and AI capabilities. The partnership aims to enhance productivity, streamline migrations, and drive cloud transformation with advanced technologies.
• Nov-2024: NTT DATA and Google Cloud expanded their strategic partnership to accelerate data analytics and generative AI adoption across APAC. They launched a dedicated business unit to drive joint solutions, enhance cloud capabilities, and upskill teams for digital transformation.
• 2024-Oct: Google LLC and Citi have formed a multi-year partnership to modernize Citi's infrastructure, migrating workloads to Google Cloud and using its Vertex AI platform for generative AI. This collaboration aims to enhance digital products, streamline workflows, and improve client services.
• Sep-2024: Amazon Web Services, Inc. and Oracle announced a partnership to launch Oracle Database@AWS, enabling seamless migration of Oracle workloads to the cloud. This offering integrates Oracle Autonomous Database and Exadata Database Service with AWS, enhancing agility, flexibility, and performance.
• Aug-2024: Hewlett Packard Enterprise (HPE) acquired Morpheus Data to enhance hybrid cloud management. The acquisition strengthens HPE GreenLake's capabilities in multi-cloud orchestration, automation, and cloud cost optimization, helping enterprises simplify IT complexity and optimize cloud spending in hybrid environments.
• May-2024: IBM Corporation and Palo Alto Networks have partnered to deliver AI-powered security solutions, integrating watsonx and Cortex XSIAM for hybrid cloud environments. The collaboration enhances DevSecOps, cloud-native security, and consulting services, supporting secure cloud migration and advanced threat protection.
• Apr-2024: Microsoft Corporation and Cloud Software Group have entered an eight-year strategic partnership to enhance Citrix's virtual application platform and cloud solutions. The collaboration focuses on AI, cloud integration, and product development, with a $1.65 billion commitment to Microsoft’s cloud and generative AI capabilities.

List of Key Companies Profiled

• IBM Corporation
• SAP SE
• Google LLC (Alphabet Inc.)
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Microsoft Corporation
• Hewlett Packard Enterprise Company
• Accenture PLC
• NTT Data Corporation
• Wipro Limited
• Vodafone Group Plc

Global Cloud Migration Services Market Report Segmentation

By Platform

• Solution
• Infrastructure Migration
• Platform Migration
• Human Resource
• Application Migration
• Storage Migration
• Services
• Managed
• Professional

By Enterprise Size

• Large Enterprises
• Small and Medium Enterprises

By Deployment

• Private
• Public
• Hybrid

By End-use Industry

• IT & Telecommunications
• BFSI
• Healthcare
• Government & Public Sector
• Manufacturing
• Automotive
• Retail & Consumer Goods
• Media & Entertainment
• Other End-use Industry

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA