Cloud Migration Services Market worth $29.2 billion by 2028, growing at a CAGR of 23.3%: Report by MarketsandMarkets™

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Chicago, Feb. 23, 2024 (GLOBE NEWSWIRE) — The global Cloud Migration Services Market size is anticipated to grow at a CAGR of  23.3% during the forecast period, from USD 10.2 billion in 2023 to USD 29.2 billion by 2028, according to a new report by MarketsandMarkets™.  Due to various business drivers, the Cloud Migration Services Market is expected to grow significantly during the forecast period. The market is experiencing significant growth due to the increasing demand for better agility and automation, the rise in the necessity for swifter and seamless deployment options, and the seamless integration and compatibility of enterprise applications with the evolving landscape of cloud technology.

Browse in-depth TOC on “Cloud Migration Services Market”

219 – Tables
52 – Figures
287 – Pages

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Cloud Migration Services Market Dynamics:

Drivers:

Increasing demand for better agility and automation

Requirement for swifter and seamless deployment

Growing need for lesser CAPEX and OPEX

Seamless integration and compatibility of enterprise applications with evolving landscape of cloud technology

Restraints:

Complexity associated with migrating legacy systems and applications to cloud

Fear of vendor lock-in

Opportunities:

Increasing demand for MSPs in transitioning to and managing cloud environments

High adoption rate of cloud migration services across healthcare vertical

List of Key Companies in Cloud Migration Services Market:

IBM (US)
AWS (US)
Google (US)
Microsoft (US)
Oracle (US)
SAP (Germany)
VMWare (US)
Cisco (US)
NTT Data (Japan)
Accenture (Ireland)

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Cloud migration service providers increasingly invest in enhancing security measures and obtaining certifications to comply with data protection regulations. Cloud migration services provide the expertise and tools necessary to streamline the deployment process, enabling organizations to harness the benefits of cloud technology rapidly.

Based on the service type, the Cloud Migration Services Market is segmented into . The segment is expected to garner a higher revenue during the forecast period. The solutions landscape …

Full story available on Benzinga.com


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