The global cloud migration services market is projected to register a CAGR of 23.3% during the forecast period, reaching USD 29.2 billion by 2028 from an estimated USD 10.2 billion in 2023. Major factors to boost the market growth include the increasing demand for better agility and automation, the requirement for swifter and seamless deployment, and seamless integration and compatibility of enterprise applications with the evolving landscape of cloud technology.
Leading Cloud Migration Services Companies include
These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the cloud migration services market.
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IBM
With a pioneering spirit in technology, IBM leads the charge in developing and implementing cutting-edge solutions leveraging AI, blockchain, and cloud computing. What further amplifies its impact is the extensive global reach, operating in over 170 countries, positioning IBM as a catalyst for businesses worldwide to embrace data management practices in addressing the evolving digital landscape, IBM strategically launched the IBM Power Virtual Server for efficient migration to IBM Cloud. Leveraging the IBM Turbonomic platform, the initiative streamlined cloud migration through smart planning tools, catering to various organizational cloud strategies. IBM Consulting Cloud Migration Services facilitated the process, emphasizing rehosting patterns and automation with tools like IBM Consulting Cloud Accelerator. The strategic focus highlighted the advantages of IBM Cloud as a secure, open, and advanced platform for businesses across 20 industries. The approach encompassed a rapid "lift and shift" strategy for quick validation, followed by tailored application modernization, including options like containerization or serverless computing. In essence, IBM positioned itself as a strategic partner, offering concise and effective services for seamless and secure cloud migration.
Google has a strong regulatory framework that enables it to generate authorized audit reports for numerous settings. Additionally, Google has a significant advantage in giving users access to financial and usage data. Google Cloud’s cloud migration services excel in providing automatic and seamless adaptations for Compute Engine, streamlining the migration process, and ensuring a smooth transition. Additionally, Google Cloud offers built-in pre-migration validation and testing features, enabling businesses to identify and address potential issues proactively. Google cloud’s fast on-premises stateful rollback capability enhances data integrity, providing a reliable fallback mechanism during migration challenges. Furthermore, Google Cloud simplifies resource management with easy provisioning and rightsizing options, allowing organizations to optimize their cloud infrastructure efficiently. These features collectively make Google Cloud a robust choice for businesses seeking reliable solutions for their cloud migration needs. Google is well positioned to offer the best-in-class security with their assets and expertise.
AWS
AWS is acknowledged in the realm of cloud migration for specific reasons. Its expansive global network is designed to facilitate smooth transitions, even for substantial deployments, offering notable scalability and reliability in the cloud migration landscape. Beyond sheer capability, AWS employs pre-built tools like AWS Migration Hub and Serverless Application Model (SAM) to automate workflows and expedite migrations, minimizing downtime and complexity specifically in the context of cloud migration processes. Notably, tailored guidance is a significant aspect, where a widespread network of industry-specific Competency Partners and pre-built migration playbooks delivers best practices and risk mitigation for businesses undergoing cloud migration. Furthermore, AWS emphasizes innovation and security in the realm of cloud migrations, regularly introducing new features for secure migrations, supported by the Well-Architected Framework and dedicated security services. Whether addressing a critical enterprise application or upgrading a legacy system through cloud migration, AWS provides a robust and adaptable platform for a seamless cloud journey.
SAP
SAP, a global enterprise software leader headquartered in Germany, offers Cloud Migration Services designed to facilitate organizations' transition to the cloud. Their comprehensive suite covers assessment, planning, execution, and optimization phases, ensuring a smooth migration journey. Leveraging SAP Cloud Platform, organizations can build, extend, and integrate cloud applications across various deployment models, including public, private, and hybrid clouds. SAP S/4HANA Cloud further enhances the transition by providing an intelligent ERP suite with advanced analytics and AI capabilities, catering to diverse industry needs such as retail, manufacturing, healthcare, finance, and utilities.
With a focus on efficiency and reliability, SAP provides migration tools, methodologies, and accelerators to automate tasks, ensure data integrity, and minimize downtime. Additionally, SAP collaborates with a network of certified partners to deliver end-to-end cloud migration services, enabling organizations to navigate complexities and maximize their investments. As a trusted partner, SAP empowers organizations to accelerate their digital transformation journey, modernize IT infrastructure, and realize the benefits of cloud innovation seamlessly.
NTT Data
NTT Data, based in Japan, is a key player in the Cloud Migration Services market. Specializing in IT services and consulting, NTT Data offers comprehensive solutions to facilitate organizations' transition to the cloud. Their services encompass assessment, planning, execution, and optimization phases of the migration process, ensuring a seamless journey to the cloud. Leveraging their expertise and experience, NTT Data assists organizations in modernizing their IT infrastructure, improving operational efficiency, and accelerating digital transformation initiatives through cloud migration.
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Cloud Migration Services Market by Offering (Service Type (Assessment & Planning, Managed Cloud), Deployment Mode), Application (SCM, BI & Analytics), Migration Type (Infrastructure, Data Migration), Vertical and Region - Global Forecast to 2028
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