Market by Type of Service, Delivery Mode, Enterprise Size, End-user, and Geography | Forecast 2021-2028
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.
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.
Market by Technology (Data ana ..
VIEW REPORT1. 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
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)
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)