Dublin, April 05, 2023 (GLOBE NEWSWIRE) -- The "Cloud Migration Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Cloud Migration Services Market to Reach $1 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for Cloud Migration Services estimated at US$149 Billion in the year 2022, is projected to reach a revised size of US$1 Trillion by 2030, growing at a CAGR of 27% over the analysis period 2022-2030.
Managed Services, one of the segments analyzed in the report, is projected to record 28.4% CAGR and reach US$681.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Professional Services segment is readjusted to a revised 24.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $43.6 Billion, While China is Forecast to Grow at 25.7% CAGR
The Cloud Migration Services market in the U.S. is estimated at US$43.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$167.7 Billion by the year 2030 trailing a CAGR of 25.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.1% and 23.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $149 Billion |
| Forecasted Market Value (USD) by 2030 | $1000 Billion |
| Compound Annual Growth Rate | 26.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Cloud Migration Services: An Introduction
- Influencer Market Insights
- World Market Trajectories
- Automation and Integration Service Type to Occupy Largest Share
- A Prelude to Cloud Migration Services
- Cloud Migration Services - Global Key Competitors Percentage Market Share in 2022 (E)
- Top 10 Cloud Migration Services 2019
- Competition
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 24 Featured)
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- DXC Technology Company
- Google, Inc.
- IBM Corporation
- Informatica LLC
- Microsoft Corporation
- NTT DATA Corporation
- Openstack
- Rackspace US, Inc.
- RiverMeadow Software, Inc.
- Virtustream, Inc.
- Vmware, Inc.
- WSM International
- Zerto Inc.
3. MARKET TRENDS & DRIVERS
- Security and Compliance Management Application to Witness Highest Growth
- Increased Automation in Industries Drive the Demand for Cloud Migration Services
- Digital Connectivity Fuels SMEs to Adopt Cloud Migration Services
- Cloud Computing Benefits for Organizations Fuels Cloud Migration Market
- Growing Adoption of BYOD Drive Opportunities for Cloud Migration Market
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/imqybc
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