USD 11.3 billion
Report ID:
SQMIG45D2104 |
Region:
Global |
Published Date: May, 2025
Pages:
200
|Tables:
87
|Figures:
71
Cloud Migration Services Market size was valued at USD 11.3 billion in 2023 and is poised to grow from USD 14.07 billion in 2024 to USD 81.21 billion by 2032, growing at a CAGR of 24.5% during the forecast period (2025-2032).
The global cloud migration services market is witnessing substantial growth driven by several factors, including cost-efficiency, flexibility and scalability, growing collaboration, and emphasis on core business. Cloud services are known to reduce total ownership cost by eradicating the need for comprehensive on-premises maintenance and hardware. Businesses can scale their IT resources down or up as required, enabling efficient resource usage and allocation. Cloud environments also enhance better collaboration among personnel by simplified accessibility from any location. The market is also progressing due to higher emphasis on core business. Enterprises can emphasize more on their core competencies rather than simply managing their information technology infrastructure, thus resulting in better utilization of resources.
Nevertheless, the market is adversely impacted by concerns for data security, regulatory and compliance challenges, and complicated migration process. Growing concerns regarding security and data breaches of highly sensitive information in the cloud may prevent businesses from adopting these solutions. This could possibly hamper the growth of the market. In addition, changing regulations and compliance challenges may hinder market growth. Most regions hold fluctuating regulations for management and storage, making compliance difficult for business to operate. Time consuming and complex migration process may further affect market limitations. Yet, the market is growing progressively due to the growth of hybrid cloud solutions that combine cloud and on-premises environments and rising adoption of multi-cloud strategies.
Market snapshot - 2025-2032
Global Market Size
USD 11.3 billion
Largest Segment
Solution
Fastest Growth
Service
Growth Rate
24.5% CAGR
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Global Cloud Migration Services Market is segmented by Platform Type, Deployment, Enterprise Size, End-user and region. Based on Platform Type, the market is segmented into Solution and Service. Based on Deployment, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Size Enterprises and SMEs. Based on End-user, the market is segmented into IT & Telecommunications, BFSI, Healthcare, Government & Public Sector, Manufacturing, Automotive, Retail & Consumer Goods, Media & Entertainment and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Based on platform, the cloud migration services market is categorized into solution and service. The solution segment held a notable market share in 2023 and is projected to continue dominance in future as well owing to exhaustive offerings, flexibility and customization, and integration with current systems. Solution providers are engaged in offering high-end solutions that entail evaluation, planning, execution, and ongoing management. This simplifies the migration to clouds and several other tasks for businesses. Customized solutions cater to the growing demands of businesses and industry. This offers a highly efficient approach to cloud migration instead of generic services. Solutions mostly comprise tools for incorporating legacy infrastructure with cloud-based solutions that resolve many challenges faced by businesses during migration process, thus impacting the segment's growth.
On the other hand, the service segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to support and expertise, high preference for managed services, and flexibility and scalability. Service providers offer proficiency and specialized skills that aid companies in navigating intricacies of cloud migration and ensure a highly seamless transition. Many businesses are also opting to outsource the migration process to service providers who can efficiently handle the whole procedure like execution, planning and support, thus giving freedom to the internal resources. Services can also be easily scaled to cater to the growing needs of businesses, enabling businesses to use their migration tactics as needs change.
Based on vertical, the market is segmented into BFSI, healthcare & life sciences, telecom, government & public sector, manufacturing, retail & consumer goods, media & entertainment, automotive & transportation, and other verticals. The telecom segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to growing demand for connectivity, digital transformation, and cost reduction. Telecom enterprises need strong cloud solutions to improve their services, support the rising needs for internet and mobile connectivity, and manage huge quantities of data. The industry is presently witnessing major digital transformation, fueling the need for better scalable cloud services that aid novel technologies like IoT and 5G. By cloud migration, telecom providers can notably decrease infrastructure costs, enhance operations, and enhance delivery of services, increasing competition in the speedily changing market.
On the other hand, the healthcare & life sciences segment will hold a remarkable market share in the coming years owing to data management demands, regulatory compliance, and enhanced collaboration. Healthcare businesses produce huge quantities of data that need efficient management, storage, and analysis, thus making cloud solutions vital for managing EHR and research data. Cloud providers mostly offer strong compliance features customized to healthcare standards like HIPAA. This aids businesses to comply with stringent data protection regulations. Cloud migration services also streamline collaboration among diverse healthcare professionals, allowing smooth transfer of patient details and research information in different locations.
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Region-wise, North America dominated the market in the previous years and is expected to lead over the forecast period owing to established IT infrastructure, growing adoption rate, and significant investments by venture capitals. The region holds strong IT infrastructure with numerous prominent cloud providers situated. This streamlines easy access to superior technologies. Also, businesses in North America are fast adopters of cloud solutions and advanced technologies. This is impacted by key focus on digital transformation in different industries. Major investments are also seen in startups and cloud technology is impacting the growth of the market in the region, driving competition and innovations. The key players profiled in the region include Google, Amazon Web Services, IBM, Microsoft, Cisco, Oracle, Rivermeadow, Securekloud, and more.
Europe is the fastest-growing region in the global cloud migration services market due to the regulatory environment, rising digital transformation, and emphasis on sustainability. Strict data protection standards in regions like GDPR are remarkably driving the need for migration services. Several European companies are highlighting and preferring digital transformation, resulting in increased cloud adoption as they look for more improvements in their IT infrastructure. European businesses are also increasingly and rigorously focusing on sustainability, encouraging them to shift towards clouds that deliver better energy efficiency and enhanced resource optimization. These factors are projected to drive the cloud migration services market in Europe.
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Emphasis on Core Business Activities
Enhanced Accessibility and Collaboration
Complexity in Migration Processes
Downtime Issues and Performance
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The competitive landscape of the global cloud migration services market is differentiated by the blend of numerous established technology giants and progressing players aiming to create and increase their market presence and geographic reach. The leading cloud providers like Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform (GCP) are focusing on smooth integration with the existing products and aid for enterprise migration. They are also engaged in offering comprehensive tools and services and support more organizations. The commonly adopted competitive strategies in the market are offering innovative solutions, alliances and partnerships, and delivery of consumer-centric services. Hence, the intensifying competition among the players is propelling the emergence of enhanced services.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the cloud migration services market is considerably progressing due to growing collaboration among employees by simplifying access to application and data, support for data compliance and security, and growing initiatives for digital transformation. The market is also fueled by growing digital transformation by businesses that help them improve their IT landscape. However, the market is hampered by complicated and time-consuming migration processes, lack of professional workforce for effective management of cloud migration, and concerns among organizations about being linked to a certain cloud provider. North America is projected to lead the market due to major investments in the cloud and growing number of startup companies and the presence of skilled workforce in IT services and technology. Nonetheless, a few opportunities for the growth of the cloud migration services market include growing integration of automation and AI and continued investments in cloud to enhance infrastructure.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 11.3 billion |
Market size value in 2032 | USD 81.21 billion |
Growth Rate | 24.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cloud Migration Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Migration Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Migration Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cloud Migration Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Cloud Migration Services Market size was valued at USD 12.34 Billion in 2023 and is poised to grow from USD 15.23 Billion in 2024 to USD 81.88 Billion by 2032, growing at a CAGR of 23.40% during the forecast period (2025-2032).
'Google (US) ', 'AWS (US) ', 'IBM (US) ', 'Microsoft (US) ', 'Accenture (Ireland) ', 'Cisco (US) ', 'Oracle (US) ', 'Infosys (India) ', 'NTT Data (Japan) ', 'SAP (Germany) ', 'DXC (US) ', 'HPE (US) ', 'Veritis (US) ', 'Rivermeadow (US) ', 'Securekloud (US) ', 'Rackspace Technology (US) ', 'Informatica (US) ', 'WSM (US) ', 'LANGATE (US) ', 'Saigon Technology (Vietnam) ', 'Belitsoft (Belarus) ', 'Ltimindtree (India) ', 'ASPIRE SYSTEMS (India) ', 'Relokia (Ukraine) ', 'Trigent Software (US) ', 'Scalefocus (Bulgaria) ', 'Simform (US) ', 'IT SVIT (Ukraine)'
Simplification of IT and increased agility are the key drivers of the cloud migration services market. By migrating services to cloud, companies can easily offload intricacies of managing IT infrastructure. This enables companies to emphasize and take interest in strategic initiatives and core business functions. Cloud migration aids speedy deployment of numerous services and applications, allowing businesses to innovate at a fast pace.
Growing Focus on Compliance and Security: Growing concerns regarding regulations and data breaches is increasing the significance and essence of security to become a leading priority in migration of cloud. The leading providers are engaged in offering finest security features, comprising compliance solutions customized to certain needs, encryption, and identity management. Businesses are also looking for migration solutions that ensure data compliance and safety throughout the migration process, besides simply facilitating movement to cloud.
Region-wise, North America dominated the market in the previous years and is expected to lead over the forecast period owing to established IT infrastructure, growing adoption rate, and significant investments by venture capitals. The region holds strong IT infrastructure with numerous prominent cloud providers situated. This streamlines easy access to superior technologies. Also, businesses in North America are fast adopters of cloud solutions and advanced technologies. This is impacted by key focus on digital transformation in different industries. Major investments are also seen in startups and cloud technology is impacting the growth of the market in the region, driving competition and innovations. The key players profiled in the region include Google, Amazon Web Services, IBM, Microsoft, Cisco, Oracle, Rivermeadow, Securekloud, and more.
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