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Cloud Migration Services Market To Reach $70.34 Billion By 2030

The global cloud migration services market size is anticipated to reach USD 70.34 billion in 2030 and is anticipated to grow at a CAGR of 27.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The deployment of multi-cloud and hybrid cloud frameworks is expected to rise during the forecast period as businesses are adopting multi-cloud environments to allocate workflow as they continue their cloud migration and digital transformation. Banking and financial institutions are also accelerating their migration to cloud solutions owing to advantages such as versatility, flexibility, and integration of innovative technologies and FinTech ecosystems. Cloud services are aiding banking institutions in cost reduction by significantly lowering installation costs. Various vendors offer IaaS and PaaS applications to minimize the need to handle, host, preserve, upgrade, and scale BFSI-focused service operations. Companies' growing preference for cloud-based digital experience platforms aids the cloud services market growth. Several businesses prefer cloud services because they reduce investments in physical infrastructure and allow for rapid deployment.

Cloud Migration Services Market Report Highlights

The solutions segment dominated the market and accounted for the revenue share of nearly 66.0% in 2024. The rising demand for real-time data migration and analytics-driven decision-making is fueling the expansion of the solutions segment
The public segment dominated the market and accounted for the revenue share of over 46.0% in 2024 due to the increasing adoption of Software-as-a-Service (SaaS) applications
The large size enterprises segment dominated the market and accounted for the revenue share of 64.0% in 2024. The increasing need for digital transformation is a primary driver of cloud migration adoption among large enterprises
The IT & telecommunications segment dominated the market and accounted for the revenue share of over 19.0% in 2024. The increasing use of artificial intelligence (AI), big data analytics, and Internet of Things (IoT) in the IT and telecommunications sectors is fueling the demand for cloud migration services
The cloud migration services market in North America held a largest share of over 33.0% in 2024. A significant trend in North America is the increasing adoption of hybrid and multi-cloud strategies

Cloud Migration Services Market Segmentation

Grand View Research has segmented the global cloud migration services market report based on platform, deployment, enterprise size, end use, and region:

Cloud Migration Services Cloud Migration Services Platform Outlook (Revenue, USD Billion, 2018 - 2030)

Solution
- Infrastructure Migration
- Platform Migration
- Database Migration
- Application Migration
- Storage Migration
Service
- Professional Services
- Managed Services

Cloud Migration Services Cloud Migration Services Deployment Outlook (Revenue, USD Billion, 2018 - 2030)