Latest News- Cloud Migration Services Market: Public cloud is expected to lead the Deployment segment during 2025-2029

The Cloud Migration Services Market is being driven by Rising demand for digital transformation

The Cloud Migration Services Market is expected to grow at a CAGR of 20.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17759.8 million. The global cloud migration services market is experiencing a strategic focus on new offerings, aimed at expediting enterprise cloud adoption, strengthening regulatory compliance, and streamlining intricate migration processes. This trend signifies a broader industry transition towards customized, high-assurance solutions addressing technical and jurisdictional requirements. On January 15, 2024, Capgemini and Orange unveiled the commercial launch of Bleu, a joint venture established in collaboration with Microsoft. Designed for French public sector and critical infrastructure organizations, Bleu provides a cloud de confiance platform adhering to national data sovereignty and regulatory mandates. This platform facilitates secure migration to Microsoft 365 and Azure services, with an anticipated SecNumCloud 3 certification. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Public cloud
  • Private cloud
  • Hybrid cloud
• Service Type
  • Infrastructure migration
  • Platform migration
  • Application migration
  • Data migration
  • Security and compliance services
• End-user
  • Large enterprises
  • SMEs
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for digital transformation
• Rise of remote work
• Cost efficiency and scalability

However, the market also witnesses some limitations, which are as follows:

• Data security and privacy concerns
• Downtime and business disruption
• Lack of skilled professionals

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Market Scope in Cloud Migration Services Market Research Report

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Research Analysis Overview

The Cloud Migration Services Market is experiencing significant growth due to the increasing adoption of cloud computing in digital transformation and IT modernization initiatives. Businesses seek cloud solutions for enhanced business continuity, improved network optimization, and effective capacity planning. Change management, risk management, and vendor management are crucial elements of cloud migration strategies. Cloud analytics, big data, machine learning, and artificial intelligence are driving innovation in this space. Edge computing, serverless architecture, hyperconverged infrastructure (HCI), and software-defined networking (SDN) are key cloud architecture trends. Cloud automation tools, infrastructure monitoring tools, security tools, and cloud migration strategy and adoption plans are essential for successful transitions. Legacy application migration and addressing technical debt are ongoing challenges in cloud adoption.

Market Research Overview

In the dynamic realm of cloud services, businesses increasingly rely on cloud storage, data backup, disaster recovery, virtual machines, and serverless computing solutions to optimize operations and enhance business continuity. The selection and integration of these services necessitate a strategic approach. Companies must assess potential suppliers based on cost, coverage, and quality. Establishing robust relationships and implementing advanced inventory management systems are crucial for effective data sourcing and collection in this market. The workforce, consisting of management and marketing executives, plays a pivotal role in overseeing these processes and ensuring seamless integration of cloud services into business operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/