How big is the Cloud Migration Market?

The Cloud Migration Market size is expected to reach USD 232.51 billion in 2024 and grow at a CAGR of 28.24% to reach USD 806.41 billion by 2029. Read More

What is the current Cloud Migration Market size?

In 2024, the Cloud Migration Market size is expected to reach USD 232.51 billion. Read More

Who are the key players in Cloud Migration Market?

Accenture PLC, IBM Corporation, Amazon Web Services Inc., Cisco Systems Inc. and Microsoft Corporation are the major companies operating in the Cloud Migration Market. Read More

Which is the fastest growing region in Cloud Migration Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud Migration Market?

In 2024, the North America accounts for the largest market share in Cloud Migration Market. Read More

What years does this Cloud Migration Market cover, and what was the market size in 2023?

In 2023, the Cloud Migration Market size was estimated at USD 166.85 billion. The report covers the Cloud Migration Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Migration Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future trends in Cloud Migration Services?

Key Future trends in the Cloud Migration Services Market are: a) Increased adoption of multi-cloud and hybrid-cloud strategies b) Greater emphasis on security and compliance c) Integration of AI and machine learning for automation d) Rise of cloud-native applications Read More

Cloud Migration Global Market, Market Size, Growth - Comprehensive Industry Analysis and Forecast

Cloud Migration Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

Cloud Migration is Increasingly Popular Due To Its Scalability, Efficiency, and Cost-Effectiveness. The Cloud Movement Towards Hybrid Infrastructure Services is Driving the Expansion of Infrastructure As A Service (IaaS) and Hosting. The Cloud Migration Market is Growing, With Rising Demand for Affordable Data Storage Solutions. However, Data Security and Application Interoperability Issues Could Hinder This Growth. The Trend of Cloud Relocation To Hybrid Clouds, Which Allows Companies To Scale Computing Resources Without Significant Capital Investments, is Also Highlighted.

Cloud Migration Industry Overview

The cloud migration market is moderately consolidated and consists of several major players. In terms of market share, few major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market shares and profitability.

January 2023: Digital solutions firm LTIMindtree announced that it had partnered with Duck Creek Technologies, the intelligent solutions provider, and Microsoft to build a solution enabling insurers to migrate their on-premises core systems to the cloud quickly and efficiently.
February 2022: IBM Corporation announced a collaboration with SAP to deliver technology and consulting skills to help clients embrace a hybrid cloud strategy and migrate mission-critical workloads from SAP solutions to the cloud in regulated and non-regulated sectors.