Cloud Migration Services Market Share, Size, Trends, Industry Analysis Report, By Offering (Service Type & Deployment Mode); By Vertical (Media & Entertainment, BFSI); By Migration Type; By Application; By Region; Segment Forecast, 2024 - 2032

Cloud Migration Services Market Share, Size, Trends, Industry Analysis Report, By Offering (Service Type & Deployment Mode); By Vertical (Media & Entertainment, BFSI); By Migration Type; By Application; By Region; Segment Forecast, 2024 - 2032

The global cloud migration services market size is expected to reach USD 69.73 billion by 2032, according to a new study by Polaris Market Research. The report “Cloud Migration Services Market Share, Size, Trends, Industry Analysis Report, By Offering (Service Type & Deployment Mode); By Vertical (Media & Entertainment, BFSI); By Migration Type; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Cloud migration services, such as automation and integration, application and hosting, and DevOps, allow businesses to minimize the expenses, time, and risks involved in moving workloads, virtual and physical, to public and private clouds. Cloud migration services that are equipped with cutting-edge platform features like platform-as-a-service (PaaS), software-as-a-service (SaaS), and infrastructure-as-a-service (IaaS) are anticipated to offer significant cost savings in addition to possible migration paths that are determined by the complexity of the situation and the projected cost of the migration.

The healthcare industry is experiencing a significant increase in the adoption of cloud migration services, driven by a notable surge in adoption rates. Healthcare data, which is highly sensitive and confidential, is generated and processed extensively on a daily basis. Despite this, the majority of healthcare organizations continue to store their data on-premises, making it more susceptible to losses and posing significant security risks. The industry's acknowledgment of cloud technologies' strategic advantages in optimizing healthcare delivery and data management is evident from their widespread adoption.

Sixty-three percent of healthcare companies have at least one application deployed to the cloud, and forty-five percent want to transfer more applications in the next two years, according to the HIMSS 2022 Digital Health Trends Survey. Strong telehealth platforms are made possible by cloud migration, increasing access to care for underprivileged populations and patients who live far apart. The healthcare vertical is anticipated to have a high acceptance rate of cloud migration services due to the need for compliance requirements, improved security, cost control, and technological improvements.

Cloud Migration Services Market Report Highlights

The data migration and management segment is expected to grow at a high CAGR owing to dealing with intricate processes involved in optimizing the data during shifting to the cloud.

The media and entertainment segment led the market in 2023 and is expected to maintain its dominance due to the way of distribution and handling of business material.

North America holds a significant revenue share in the global cloud migration services market, driven by active persuasion for digital transformation strategies.

The global key market players include Accenture, AWS, Cisco, DXC, Google, HPE, IBM, Infosys, Microsoft, NTT Data, Oracle, RiverMeadow, SAP, Veritis and VMWare.

Polaris Market Research has segmented the cloud migration services market report based on offering, vertical, migration type, application and region:

Cloud Migration Services, Offering Outlook (Revenue - USD Billion, 2019 - 2032)

Service Type

Data Migration & Management

Large-Scale Data Migration

Data Mapping and Cleansing

Data Lifecycle Management

Assessment & Planning Services

Migration Roadmap

Dependency Mapping

Readiness Assessment

Migration & Deployment Services

Lift-and-Shift Migration

DevOps Integration

Integration & Customization Services

System Interoperability

Application Integration

Customization and Configuration

Training and Support Services

Ongoing Support

User Training and Adoption

Knowledge Transfer

Managed Cloud Services

Cloud Infrastructure Management

Security Management

Performance Optimization

Security and Compliance Services

Security Assessment and Remediation

Identity and Access Management (IAM)

Compliance Adherence

Other Service Type

Deployment Mode

Public Cloud

Private Cloud

Hybrid Cloud

Cloud Migration Services, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

Media and Entertainment

BFSI

Healthcare & Life Sciences

Retail & Consumer Goods

Telecom

Government & Public Sector

Manufacturing

Transportation & Automotive

Other Verticals

Cloud Migration Services, Migration Type Outlook (Revenue - USD Billion, 2019 - 2032)

Platform Migration

Data Migration

Infrastructure Migration

Application Migration

Cloud Migration Services, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Business Intelligence & Analytics

Data Warehouse Management

Supply Chain Management

Project Management

Content Management

Other Applications

Cloud Migration Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa