GLOBAL CLOUD MIGRATION SERVICES MARKET 2021-2028

ICT | Cloud Computing

GLOBAL CLOUD MIGRATION SERVICES MARKET 2021-2028

Market by Type of Service, Delivery Mode, Enterprise Size, End-user, and Geography | Forecast 2021-2028

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Cloud migration refers to the process of transferring an organization’s digital assets, resources, services, or applications to the cloud and making them inaccessible outside of the cloud’s firewall. As per Triton Market Research, the global cloud migration services market was valued at $98.21 billion in 2020 and is expected to reach $601.65 billion by 2028, growing at a CAGR of 25.69% during the forecast period.


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Triton’s research report on the cloud migration services market provides an in-depth insight into the market. The detailed analysis of the market includes key insights, Porter’s five forces analysis, market attractiveness index, vendor scorecard, key strategies, and the impact of COVID-19 on the market.

The market is driven by several factors, such as the rise in remote working, growing OPEX investments in businesses, reduced operational costs and faster deployment, and minimal infrastructural complexities. The demand for cloud migration services is mainly increasing due to growing OPEX investments in businesses. Businesses need to constantly upgrade their hardware to the latest generations to reap the benefits of improved performance and efficiency. This had led several customers to opt for the cloud-based model, specifically OPEX-based. Apart from achieving the benefit of cost savings by switching from a CAPEX to an OPEX model, there are also prospects of large cost savings in day-to-day operations. For instance, public cloud providers like AWS, Azure, and Google provide pay-as-you-go models with minute or second-level billing models. Hence, the customer pays for necessary services with no upfront investments. Furthermore, cloud companies offer substantial discounts for long-term usage (instance reservations, sustained use discounts, and more.). As a result, OPEX investments are expanding across industries, resulting in increased adoption of cloud services.

Furthermore, the ‘as a service’ model is becoming one of the simplest ways for businesses to start cloud computing. With the ease, flexibility, and choice of applications, employing the cloud can greatly impact the organization and its goals. Besides, the cloud as a service helps enterprises keep up with consumer demand by allowing them to deliver new services and develop applications quickly. Additionally, following the pandemic, ‘as a service’ offerings have expanded, along with the creation of several new applications. As a result, the use of Workspace as a Service (WaaS), Disaster recovery as a service (DRaaS), and Software as a Service (SaaS) is increasing.

The market has been affected due to the scarcity of skilled cloud professionals. Full cloud migration requires developers with specialized IT abilities, and filling this talent gap might be difficult. According to a cloud readiness study, 53% of IT executives have trouble acquiring the skills needed to support cloud projects within their businesses. These abilities are in high demand and are highly competitive. As more businesses turn to the cloud, the demand for migration specialists has grown. However, the demand for cloud specialists outnumbers the supply. According to McAfee research, the cybersecurity skills gap prevents 40% of IT workers from migrating to the cloud. Hence, the scarcity of skilled cloud professionals is the stumbling block to cloud adoption.



Key geographies covered in the global cloud migration services market are:

•           North America: United States and Canada

•           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries, and Rest of Asia-Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the cloud migration services market is based on type of service, delivery mode, enterprise size, and end-user:

•           Type of Service segment includes:

           o          Platform as a Service

           o          Infrastructure as a Service

           o          Software as a Service

•           Delivery Mode segment includes:

           o          Public

           o          Private

           o          Hybrid

•           Enterprise Size segment includes:

           o          Large Enterprises

           o          Small & Medium Enterprises

•           End-user segment includes:

           o          Banking, Financial Services and Insurance (BFSI)

           o          Manufacturing

           o          Healthcare & Life Sciences

           o          IT & Telecommunication

           o          Consumer Goods & Retail

           o          Government & Public Sector

           o          Other End-users 

Amazon Web Services Inc, Microsoft Corporation, IBM Corporation, Accenture, NTT Data Corporation, Google, Cisco Systems, VMware Inc, Rackspace Technology Inc, DXC Technology, WSM International, Zerto, Rivermeadow Software Inc, Informatica, and Tech Mahindra Ltd are the established players in the cloud migration services market.

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Table of Content

1. GLOBAL CLOUD MIGRATION SERVICES MARKET - SUMMARY        

2. INDUSTRY OUTLOOK  

2.1. IMPACT OF COVID-19 ON CLOUD MIGRATION SERVICES MARKET   

2.2. KEY INSIGHTS      

2.2.1. INCREASING BENEFITS OF CLOUD AS A SERVICE MODEL        

2.2.2. STREAMLINED CLOUD ARCHITECTURE       

2.2.3. DIGITAL TRANSFORMATION AND EMERGING MULTICHANNEL COMMUNICATION    

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS    

2.3.2. THREAT OF SUBSTITUTES         

2.3.3. BARGAINING POWER OF BUYERS      

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY  

2.4. MARKET ATTRACTIVENESS INDEX  

2.5. VENDOR SCORECARD 

2.6. KEY MARKET STRATEGIES     

2.6.1. MERGERS & ACQUISITIONS      

2.6.2. CONTRACTS & AGREEMENTS  

2.6.3. PRODUCT LAUNCHES    

2.7. MARKET DRIVERS         

2.7.1. RISE IN REMOTE WORKING       

2.7.2. GROWING OPEX INVESTMENTS IN BUSINESSES  

2.7.3. REDUCED OPERATIONAL COSTS AND FASTER DEPLOYMENT

2.7.4. MINIMAL INFRASTRUCTURAL COMPLEXITIES AND STEADY ACCESS

2.8. MARKET CHALLENGES

2.8.1. VENDOR LOCK-IN ISSUES IN CLOUD 

2.8.2. SECURITY AND COMPLIANCE ADJUSTMENTS        

2.8.3. SCARCITY OF SKILLED CLOUD PROFESSIONALS 

2.9. MARKET OPPORTUNITIES       

2.9.1. APPLICATIONS IN HEALTHCARE         

2.9.2. INCREASING BYOD POLICIES   

2.9.3. INCREASING USE OF MULTI-CLOUD STRATEGY    

3. GLOBAL CLOUD MIGRATION SERVICES MARKET OUTLOOK - BY TYPE OF SERVICE  

3.1. PLATFORM AS A SERVICE      

3.2. INFRASTRUCTURE AS A SERVICE   

3.3. SOFTWARE AS A SERVICE     

4. GLOBAL CLOUD MIGRATION SERVICES MARKET OUTLOOK - BY DELIVERY MODE     

4.1. PUBLIC       

4.2. PRIVATE    

4.3. HYBRID      

5. GLOBAL CLOUD MIGRATION SERVICES MARKET OUTLOOK - BY ENTERPRISE SIZE  

5.1. LARGE ENTERPRISES  

5.2. SMALL & MEDIUM ENTERPRISES     

6. GLOBAL CLOUD MIGRATION SERVICES MARKET OUTLOOK – BY END-USER   

6.1. BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)        

6.2. MANUFACTURING          

6.3. HEALTHCARE & LIFE SCIENCES       

6.4. IT & TELECOMMUNICATION    

6.5. CONSUMER GOODS & RETAIL           

6.6. GOVERNMENT & PUBLIC SECTOR   

6.7. OTHER END-USERS      

7. GLOBAL CLOUD MIGRATION SERVICES MARKET – REGIONAL OUTLOOK           

7.1. NORTH AMERICA

7.1.1. MARKET BY TYPE OF SERVICE

7.1.2. MARKET BY DELIVERY MODE   

7.1.3. MARKET BY ENTERPRISE SIZE

7.1.4. MARKET BY END-USER  

7.1.5. COUNTRY ANALYSIS       

7.1.5.1. UNITED STATES       

7.1.5.2. CANADA         

7.2. EUROPE    

7.2.1. MARKET BY TYPE OF SERVICE

7.2.2. MARKET BY DELIVERY MODE   

7.2.3. MARKET BY ENTERPRISE SIZE

7.2.4. MARKET BY END-USER  

7.2.5. COUNTRY ANALYSIS       

7.2.5.1. UNITED KINGDOM    

7.2.5.2. GERMANY      

7.2.5.3. FRANCE          

7.2.5.4. SPAIN  

7.2.5.5. ITALY    

7.2.5.6. RUSSIA

7.2.5.7. REST OF EUROPE   

7.3. ASIA-PACIFIC       

7.3.1. MARKET BY TYPE OF SERVICE

7.3.2. MARKET BY DELIVERY MODE   

7.3.3. MARKET BY ENTERPRISE SIZE

7.3.4. MARKET BY END-USER  

7.3.5. COUNTRY ANALYSIS       

7.3.5.1. CHINA  

7.3.5.2. JAPAN 

7.3.5.3. INDIA    

7.3.5.4. SOUTH KOREA         

7.3.5.5. ASEAN COUNTRIES

7.3.5.6. AUSTRALIA & NEW ZEALAND      

7.3.5.7. REST OF ASIA-PACIFIC      

7.4. LATIN AMERICA  

7.4.1. MARKET BY TYPE OF SERVICE

7.4.2. MARKET BY DELIVERY MODE   

7.4.3. MARKET BY ENTERPRISE SIZE

7.4.4. MARKET BY END-USER  

7.4.5. COUNTRY ANALYSIS       

7.4.5.1. BRAZIL

7.4.5.2. MEXICO           

7.4.5.3. REST OF LATIN AMERICA 

7.5. MIDDLE EAST AND AFRICA     

7.5.1. MARKET BY TYPE OF SERVICE

7.5.2. MARKET BY DELIVERY MODE   

7.5.3. MARKET BY ENTERPRISE SIZE

7.5.4. MARKET BY END-USER  

7.5.5. COUNTRY ANALYSIS       

7.5.5.1. UNITED ARAB EMIRATES  

7.5.5.2. SAUDI ARABIA          

7.5.5.3. TURKEY          

7.5.5.4. SOUTH AFRICA         

7.5.5.5. REST OF MIDDLE EAST & AFRICA          

8. COMPETITIVE LANDSCAPE 

8.1. ACCENTURE        

8.2. AMAZON WEB SERVICES INC

8.3. CISCO SYSTEMS

8.4. DXC TECHNOLOGY        

8.5. GOOGLE    

8.6. IBM CORPORATION       

8.7. INFORMATICA      

8.8. MICROSOFT CORPORATION  

8.9. NTT DATA CORPORATION

8.10. RACKSPACE TECHNOLOGY INC                 

8.11. RIVERMEADOW SOFTWARE INC                 

8.12. TECH MAHINDRA LTD 

8.13. VMWARE INC     

8.14. WSM INTERNATIONAL

8.15. ZERTO      

9. RESEARCH METHODOLOGY & SCOPE     

9.1. RESEARCH SCOPE & DELIVERABLES                    

9.2. SOURCES OF DATA                   

9.3. RESEARCH METHODOLOGY   

List of Tables

TABLE 1: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: TOP COUNTRIES HIRING REMOTE

TABLE 4: SCARCITY OF SKILLED IT PROFESSIONALS IN 2020

TABLE 5: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)

TABLE 7: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 9: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2021-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)

TABLE 14: NORTH AMERICA CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 15: EUROPE CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 16: EUROPE CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2021-2028 (IN $ MILLION)

TABLE 17: EUROPE CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)

TABLE 18: EUROPE CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)

TABLE 19: EUROPE CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 21: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2021-2028 (IN $ MILLION)

TABLE 22: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)

TABLE 23: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)

TABLE 24: ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 25: LATIN AMERICA CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 26: LATIN AMERICA CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2021-2028 (IN $ MILLION)

TABLE 27: LATIN AMERICA CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)

TABLE 28: LATIN AMERICA CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)

TABLE 29: LATIN AMERICA CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 30: MIDDLE EAST AND AFRICA CLOUD MIGRATION SERVICES MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 31: MIDDLE EAST AND AFRICA CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2021-2028 (IN $ MILLION)

TABLE 32: MIDDLE EAST AND AFRICA CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)

TABLE 33: MIDDLE EAST AND AFRICA CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)

TABLE 34: MIDDLE EAST AND AFRICA CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: PERCENTAGE OF COMPANIES PLAN TO SHIFT TO MORE REMOTE WORK POST COVID-19 (IN %)

FIGURE 3: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY TYPE OF SERVICE, 2020 & 2028 (IN %)

FIGURE 4: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY PLATFORM AS A SERVICE, 2021-2028 (IN $ MILLION)

FIGURE 5: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY INFRASTRUCTURE AS A SERVICE, 2021-2028 (IN $ MILLION)

FIGURE 6: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY SOFTWARE AS A SERVICE, 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY DELIVERY MODE, 2020 & 2028 (IN %)

FIGURE 8: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY PUBLIC, 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY PRIVATE, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY HYBRID, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY ENTERPRISE SIZE, 2020 & 2028 (IN %)

FIGURE 12: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY LARGE ENTERPRISES, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY SMALL & MEDIUM ENTERPRISES, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 15: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI), 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY HEALTHCARE & LIFE SCIENCES, 2021-2028 (IN $ MILLION)

FIGURE 18: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY IT & TELECOMMUNICATION, 2021-2028 (IN $ MILLION)

FIGURE 19: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY CONSUMER GOODS & RETAIL, 2021-2028 (IN $ MILLION)

FIGURE 20: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2021-2028 (IN $ MILLION)

FIGURE 21: GLOBAL CLOUD MIGRATION SERVICES MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

FIGURE 22: GLOBAL CLOUD MIGRATION SERVICES MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 23: UNITED STATES CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: CANADA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: UNITED KINGDOM CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: GERMANY CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: FRANCE CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: SPAIN CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: ITALY CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: RUSSIA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 32: CHINA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 33: JAPAN CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 34: INDIA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 35: SOUTH KOREA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 36: ASEAN COUNTRIES CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 37: AUSTRALIA & NEW ZEALAND CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 38: REST OF ASIA-PACIFIC CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 39: BRAZIL CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 40: MEXICO CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 41: REST OF LATIN AMERICA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 42: UNITED ARAB EMIRATES CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 43: SAUDI ARABIA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 44: TURKEY CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 45: SOUTH AFRICA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

FIGURE 46: REST OF MIDDLE EAST & AFRICA CLOUD MIGRATION SERVICES MARKET 2021-2028 (IN $ MILLION)

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