Cloud Migration Services Market Outlook
According to the report by Expert Market Research (EMR), the global cloud migration services market size is projected to grow at a CAGR of 24.6% between 2024 and 2032. Aided by the increasing adoption of cloud computing and the need for digital transformation across industries, the market is expected to grow significantly by 2032.
Cloud migration involves moving data, applications, and other business elements from an organisation’s onsite computers to the cloud or moving them from one cloud environment to another. This process is pivotal in today’s digital landscape, facilitating enhanced scalability, flexibility, and efficiency for businesses.
Several factors are propelling the cloud migration services market growth. The primary driver is the increasing realisation among businesses of the benefits of cloud computing, including cost reduction, improved performance, and enhanced data security.
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Moreover, the accelerating pace of digital transformation across industries is urging companies to adopt cloud services. The ongoing COVID-19 pandemic has further emphasised the need for robust digital infrastructure, making cloud migration a critical step for business continuity and remote working capabilities.
Additionally, the rise of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), which are often best supported in a cloud environment, is contributing to the cloud migration services market demand. Another notable trend is the growing emphasis on hybrid cloud environments, combining private and public clouds to offer organisations greater flexibility and data deployment options.
North America holds a dominant position in the market, attributed to the early adoption of cloud technologies and the presence of major cloud service providers in the region. However, the Asia Pacific region is expected to witness the highest growth rate, driven by rapid digitalisation and increasing cloud adoption among SMEs in countries like China and India.
The future of the cloud migration services market outlook appears robust, with continued innovations and the growing adoption of cloud technologies across various sectors. As businesses increasingly recognise the importance of digital transformation, cloud migration services are set to play a crucial role in enabling this transition.
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Cloud Migration Services Market Segmentation
The market can be divided based on platform, app category, and region.
Market Breakup by Platform
- Google Store
- Apple Store
- Others
Market Breakup by App Category
- Gaming
- Music and Entertainment
- Health and Fitness
- Social Networking
- Retail and e-Commerce
- Video and Photo
- Travel and Hospitality
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mobile application market. Some of the major players explored in the report by Expert Market Research are as follows:
- Google LLC
- Apple Inc.
- Microsoft Corporation
- Meta Platforms, Inc.
- com, Inc.
- IBM Corporation
- Cognizant Technology Solutions Corporation
- Gameloft SE
- Alibaba Group
- Hewlett Packard Enterprise Development LP
- Others
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