Executive Summary Public Cloud Migration Market Size and Share Forecast

Global public cloud migration market was valued at USD 215.89 million in 2021 and is expected to reach USD 1127.36 million by 2029, registering a CAGR of 22.95% during the forecast period of 2022-2029.

All the data and information involved in this Public Cloud Migration report has been represented very well in the form of graphs, charts, or tables for the better understanding of users. To perform competitive analysis, a range of strategies of the major players in the market have been believed to include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others, which lead to an increase of their footprints in the market. What is more, large sample sizes have been exploited for the assortment of data in this Public Cloud Migration This market report makes use of the most modern tools and techniques for researching, analyzing, and collecting data and information.

The wide-ranging data and information given in the Public Cloud Migration report can be used by Public Cloud Migration Market industry to get acquainted with the present and upcoming opportunities and shed light on the future investment in the market. The Public Cloud Migration report contains historic data, present and future market trends, environment, technological innovation, upcoming technologies, and the technical progress in the related industry. Market segmentation has also been carried out in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. The prerequisites of Public Cloud Migration Market industry have been understood at the fullest to endow them with the premium market research report.

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Public Cloud Migration Market Review

Segments

- Based on cloud type, the global public cloud migration market is segmented into:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)

- On the basis of organization size, the market is categorized into:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises

- Considering the deployment model, the market is divided into:
- Public Cloud
- Private Cloud
- Hybrid Cloud

- By vertical, the market is segmented into:
- BFSI (Banking, Financial Services, and Insurance)
- IT and Telecommunications
- Government and Public Sector
- Retail and Consumer Goods
- Healthcare
- Manufacturing
- Others

Market Players

- Amazon Web Services, Inc.
- Microsoft Corporation
- Google LLC
- IBM Corporation
- VMware, Inc.
- Cisco Systems, Inc.
- Verizon Communications, Inc.
- Rackspace Technology, Inc.
- DXC Technology Company
- Google Cloud
- SAP SE
- Equinix, Inc.
- OVHcloud
- NTT Data Corporation
- Fujitsu Limited

The global public cloud migration market is witnessing substantial growth due to the increasing adoption of cloud-based services by organizations across various industries. The market segmentation based on cloud type includes Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). In terms of organization size, the market caters to both Small and Medium-sized Enterprises (SMEs) and Large Enterprises. Deployment models such as Public Cloud, Private Cloud, and Hybrid Cloud are also considered in this market. Verticals like BFSI, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Healthcare, Manufacturing, and others are key segments contributing to the market growth.

Major market players driving the global public cloud migration market include industry giants like Amazon Web Services, Microsoft Corporation, Google LLC, IBM Corporation, and VMware, Inc. These companies offer a wide range of cloud migration services and solutions to meet the diverse needs of organizations transitioning to the cloud. Other notable players in the market include Cisco Systems, Verizon Communications, Rackspace Technology, DXC Technology, Google Cloud, SAP SE, Equinix, OVHcloud, NTT Data Corporation, and Fujitsu Limited. These companies play a significant role in shaping the competitive landscape of the public cloud migration market by introducing innovative technologies and strategies to help businesses seamlessly migrate to the cloud.

The global public cloud migration market is poised for continued growth driven by the escalating demand for cloud-based services among businesses worldwide. One of the key trends influencing this market is the increasing adoption of hybrid cloud deployment models, combining the benefits of public and private clouds to meet specific organizational requirements. This trend is particularly prevalent in industries such as BFSI, where data security and compliance are critical considerations. Moreover, the evolution of cloud technology and the emergence of advanced cloud migration tools are further accelerating the pace of cloud adoption, leading to a surge in demand for migration services across different cloud types including IaaS, PaaS, and SaaS.

Market players like Amazon Web Services, Microsoft, Google, and IBM are at the forefront of driving innovation in cloud migration solutions, offering a wide array of services to cater to diverse customer needs. These companies are heavily investing in research and development to enhance their cloud migration capabilities and maintain a competitive edge in the market. Additionally, partnerships and collaborations between cloud service providers and industry stakeholders are becoming increasingly common, enabling seamless integration of cloud technologies into existing IT infrastructure and accelerating the migration process for organizations across various verticals.

In terms of verticals, the BFSI sector remains a key contributor to the growth of the public cloud migration market, driven by the need for agility, scalability, and cost-efficiency in managing vast amounts of financial data. The healthcare industry is also witnessing a significant uptick in cloud migration activities, spurred by the demand for secure and compliant storage solutions for sensitive patient information. As businesses across different sectors realize the benefits of migrating to the cloud, the market is expected to witness sustained growth over the forecast period.

Looking ahead, key market trends such as the adoption of multi-cloud strategies, the rise of edge computing, and the increasing focus on data privacy and security will shape the future landscape of the public cloud migration market. With an emphasis on enhancing operational efficiency, business agility, and innovation, organizations will continue to leverage cloud migration services to drive digital transformation and gain a competitive advantage in the rapidly evolving business environment. As a result, market players will need to stay abreast of these trends and developments to capitalize on the growing opportunities presented by the dynamic public cloud migration market landscape.The global public cloud migration market is currently witnessing significant growth driven by the escalating demand for cloud-based services across various industries. The market segmentation based on cloud type, organization size, deployment model, and verticals allows for a comprehensive understanding of the diverse needs and requirements of organizations transitioning to the cloud. Major market players such as Amazon Web Services, Microsoft, Google, and IBM are playing a pivotal role in driving innovation and offering a wide range of cloud migration solutions to cater to the evolving needs of businesses worldwide.

One key trend influencing the market is the increasing adoption of hybrid cloud deployment models, which combine the benefits of public and private clouds to meet specific organizational requirements. This trend is particularly prominent in industries such as BFSI and healthcare where data security, compliance, and scalability are crucial considerations. The evolution of cloud technology and the advancement of cloud migration tools are also contributing to the rapid pace of cloud adoption, leading to a surge in demand for migration services across different cloud types including IaaS, PaaS, and SaaS.

The BFSI sector continues to be a significant contributor to the growth of the public cloud migration market, driven by the need for agility, scalability, and cost-efficiency in managing financial data. Similarly, the healthcare industry is experiencing notable growth in cloud migration activities due to the increasing emphasis on secure and compliant storage solutions for patient information. As organizations across various sectors recognize the benefits of migrating to the cloud, the market is expected to witness sustained growth in the coming years.

Looking ahead, key market trends such as the adoption of multi-cloud strategies, the rise of edge computing, and the increasing focus on data privacy and security will shape the future landscape of the public cloud migration market. Organizations are increasingly leveraging cloud migration services to enhance operational efficiency, drive business agility, and foster innovation in the rapidly evolving business landscape. Market players need to stay abreast of these trends and developments to capitalize on the growing opportunities presented by the dynamic public cloud migration market and maintain a competitive edge in the industry.

Uncover the company’s portion of market ownership
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Structured Market Research Questions for Public Cloud Migration Market

• What is the present size of the global Public Cloud Migration industry?
• What annual growth rate is projected for the Public Cloud Migration sector?
• What are the main segment divisions in the Public Cloud Migration Market report?
• Who are the established players in the global Public Cloud Migration Market?
• What geographic areas are explored in the  Public Cloud Migration Market report?
• Who are the leading manufacturers and service providers for Public Cloud Migration Market?

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