Migration Services Market is Expected to Reach USD 518.1 Bn by 2027, Growing at a CAGR 25.8%

The migration services market is forecasted to grow at a high rate owing to the rising awareness regarding business continuity coupled with the need for faster and easier deployment

The Global Migration Services Market was valued at USD 104.1 Bn in 2020 and is expected to reach USD 518.1 Bn by 2027, with a growing CAGR of 25.8% during the forecast period.

Cloud migration refers to the process of transferring data from an on-premises platform to a cloud platform or a cloud-to-cloud platform migration. The global migration services market held the largest market share in the year 2020 and is anticipated to dominate the market during the forecast period. The advantages of moving data and applications, etc. to the cloud are driving the adoption of cloud migration services by many organizations mainly in developed and developing countries, which are positively affecting the growth of the market. For instance, according to Credit Suisse, the US hyperscale data center had a 47% share and Canada had a 4% share in the year 2020.

Moreover, SaaS (Software as a Service) has become popular with the maturing mobile application and other software such as CAD and ERP, and some of the ready-to-use applications on SaaS include Netflix, Microsoft 360, and Zoom. These platforms are witnessing a significant increase in recent years. According to Ormax Media report 2021, the OTT platform users are increasing in developing nations. For instance, according to IBEF, India's OTT sector, the number of paying subscribers increased by 30% between March-July 2020, from 22.2 million to 29 million. SaaS and PaaS (Platform as a Service) providers play a significant role in the value chain of the cloud computing services market, due to the increase in demand for both services. Thus, the aforementioned factors are expected to drive the demand for the cloud migration services market during the forecast period.

Global Migration services Market by Region Outlook (Revenue, USD Million, 2021-2027)

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

In terms of geography, the North America region is accounted to hold the largest market share in the year 2020. The growth is anticipated to continue throughout the forecast period owing to increasing awareness regarding benefits offered by cloud services. Several companies are shifting their business to cloud platform owing to their advantages such as security, cost savings, mobility, quality control, flexibility, disaster recovery, loss prevention among several others. For instance, US men's clothing maker Brooks Brothers has witnessed a 50% increase in productivity owing to cloud-based migration. Moreover, Clark Construction, a US construction company, also is interested to move applications and data to the cloud. Using Cloud-Endure Migration, the company shifted current workloads to AWS.

The Global Migration Services Market Segmentation:

Global Migration Services Market by Deployment Outlook (Revenue, USD Million, 2021-2027)

• Private Cloud
• Public Cloud
• Hybrid Cloud

Global Migration Services Market by Service Type Outlook (Revenue, USD Million, 2021-2027)

• Application Hosting and Monitoring
• Automation and Integration
• DevOps
• Support and Maintenance
• Disaster Recovery
• Managed Services
• Training and Consulting

Global Migration Services Market by Organization Size Outlook (Revenue, USD Million, 2021-2027)

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Global Migration Services Market by Application Outlook (Revenue, USD Million, 2021-2027)

• Infrastructure Management
• Project Management
• Security & Compliance Management
• Others

Global Migration Services Market by End User Industry Outlook (Revenue, USD Million, 2021-2027)

• Media and Entertainment
• BFSI
• Consumer Goods and Retail 
• Healthcare and Life Sciences
• Manufacturing
• Telecommunications and ITES
• Government and Public Sector
• Others (Education and Travel & Hospitality)

Key Findings:

• Based on the deployment, the public cloud deployment segment held the largest market share in 2020
• Based on service type, automation and integration services accounted for a largest market share in 2020
• Based on organization size, the Small and Medium Enterprises (SMEs) held the fastest growing rate in year 2020
• Based on applications, the security & compliance management segment was accounted to hold largest market share
• The BFSI  industry is accounted to dominate the migration services market based on end user industry in forecast period
• Based on regions, the North America region is anticipated to hold a largest market share in the year 2027 in the migration services market analysis

Company Profiles and Competitive Intelligence

The key players operating in the migration services market are:

1. Amazon Web Services, Inc.
2. Microsoft Corporation
3. Accenture PLC
4. Google, Inc.
5. WSM International LLC
6. Tech Mahindra
7. NTT DATA Corporation
8. Virtustream
9. RiverMeadow Software, Inc.
10. Informatica
11. Vmware, Inc.
12. DXC Technology
13. Zerto
14. Cisco Systems, Inc.
15. OpenStack 
16. International Business Machines Corporation (IBM)
17. Rackspace Hosting Inc.
18. N-iX
19. ProMX AG
20. IT Svit
21. Concise Software
22. Scale Focus
23. Qvik
24. UNITY Group
25. SoftwareONE
26. The APP Solutions
27. 2nd Watch
28. The Software House
29. 8K Miles
30. Intelligence partner
31. Nous Infosystems
32. Veritis Group inc.
33. SCTG
34. Infogain
35. Maven Wave
36. Trigent Software

Recent News:

• In January 2019, Amazon Web Services, Inc. confirmed an acquisition of CloudEndure, a U.S.–Israel based cloud computing company that is involved in developing business continuity software foe disaster recovery, live migration and continuous backup. The acquisition is expected to benefit AWS with improved ability to innovative and flexible migration, disaster recovery migration solution and backups.
• In October 2019, Microsoft Corporation under Satya Nadella’s leadership is focusing more on adding value to its cloud services. The Microsoft Corporation announced a successful acquisition over a software company ‘Mover’. The Mover’s software was expected to help Microsoft’s customers to migrate files to Microsoft 360 more efficiently.