Global Hybrid Cloud Migration Market, By Service Type (Automation and Integration, Disaster Recovery, Application Hosting and Monitoring, Devops, Training and Consulting, Support and Maintenance, Managed Services), Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), Component (Solution, Services), Application (Project Management, Infrastructure Management, Security and Compliance Management, Others), End User (Banking, Financial Services, and Insurance (BFSI), Telecommunications and Information Technology (IT), Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, Manufacturing, Government and Public Sector, Transportation and Logistics, Others) – Industry Trends and Forecast to 2029.
Hybrid Cloud Migration Market Analysis and Size
Legacy infrastructure has been shown to be outdated and unreliable, which takes up storage space. As a result, many industries have deployed hybrid cloud migration services for business growth and agility, which involve migrating entire business operations to the cloud. As a result, the hybrid cloud migration market is expected to expand rapidly in the coming years.
Data Bridge Market Research analyses that the hybrid cloud migration market was valued at USD 136.90 billion in 2021 and is expected to reach the value of USD 785.18 billion by 2029, at a CAGR of 24.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Hybrid Cloud Migration Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD billion, Volumes in Units, Pricing in USD
Service Type (Automation and Integration, Disaster Recovery, Application Hosting and Monitoring, Devops, Training and Consulting, Support and Maintenance, Managed Services), Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), Component (Solution, Services), Application (Project Management, Infrastructure Management, Security and Compliance Management, Others), End User (Banking, Financial Services, and Insurance (BFSI), Telecommunications and Information Technology (IT), Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, Manufacturing, Government and Public Sector, Transportation and Logistics, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
IBM Corporation (U.S.), Microsoft (U.S.), Siemens (Germany), ANSYS, Inc. (U.S.), SAP SE (Germany), Oracle (U.S.), Robert Bosch GmbH (Germany), Swim.ai, Inc. (U.S.), Atos SE (France), ABB (Switzerland), KELLTON TECH (India), AVEVA Group plc (U.K.), DXC Technology Company (U.S.), Altair Engineering, Inc. (U.S.), Hexaware Technologies Limited (India), Tata Consultancy Services Limited (India), Infosys Limited (Bengaluru), NTT DATA, Inc. (Japan), TIBCO Software Inc. (U.S.)
Hybrid cloud migration services assist businesses in migrating applications and databases from on premise IT infrastructure to the public cloud. They include developing an operating cost optimization strategy, establishing monitoring tools, and passing knowledge to internal teams. They also include detailed process descriptions and pipeline designs for continuous integration and deployment (CI/CD) for rapid development.
Global Hybrid Cloud Migration Market Dynamics
- High adoption of cloud services in pandemic era is prompting market growth
The economic and business challenges posed by the coronavirus disease (COVID-19) pandemic have prompted businesses all over the world to use the cloud to digitise key business processes. This is one of the most important factors driving demand for hybrid cloud migration to improve the speed, performance, and security of cloud adoption and transformation. Furthermore, educational institutions are using cloud computing to provide remote education. Aside from that, health care organisations are embracing cloud solutions to meet the security, privacy, and compliance requirements of healthcare practices. This, in confluence with the growing volume of medical data on account of the rising prevalence of diseases, is creating a positive market outlook.
- Growing need to modernise industrial process and standards
Hybrid cloud migration services are becoming increasingly popular in the banking, financial services, and insurance (BFSI) industries for securely migrating hardware data and providing technologically aided services. Furthermore, manufacturers are incorporating these services in order to meet Industry 4.0 standards and modernise and automate industrial processes. Another factor driving the growth of cloud migration services in the e-commerce and real estate sectors around the world is the increasing number of construction activities and the emerging trend of online shopping.
The rising acceptance of cloud migration solutions by various industries, increasing proliferation of high-speed internet, and the increasing number of research and development capabilities by major players are expected to create ample opportunities for the market to grow in the forecast period of 2022 to 2029.
However, strict regulatory compliance and enterprise application compatibility with cloud are acting as market restraints during the forecasted period. The complexity of redesigning the network for cloud and cloud interoperability is the most significant barrier to the growth of the hybrid cloud migration market.
This hybrid cloud migration market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hybrid cloud migration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hybrid Cloud Migration Market
Many CXOs are compelled to accelerate digital tools and techniques in the Covid-19 pandemic, where businesses are dealing with operational challenges, among which cloud migration has seen significant growth. Many large, small and medium-sized enterprises (SMEs) have shifted to cloud-savvy managed service providers (MSPs), who have accelerated migration processes, scaled existing services, modernised legacy applications, enabled and orchestrated multi-cloud environments, and leveraged various cloud-native capabilities. Furthermore, many cloud service providers have introduced a variety of appealing cloud migration strategies that, in particular, assist SME's in adopting these services with ease and with less financial burden, creating numerous opportunities for the market.
June 2022 - HPE GreenLake, the company's flagship offering that enables organisations to modernise all of their applications and data, received platform enhancements and new cloud services. This includes a modern private cloud that has been reimagined to provide a cloud-native experience to power an organization's hybrid strategy, regardless of location.
Global Hybrid Cloud Migration Market Scope
The hybrid cloud migration market is segmented on the basis of service type, service model, organization size, component, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Automation and Integration
- Disaster Recovery
- Application Hosting and Monitoring
- Training and Consulting
- Support and Maintenance
- Managed Services
- Small and medium sized enterprises
- Large Enterprises
- Project Management
- Infrastructure Management
- Security and Compliance Management
- Banking Financial Services and Insurance (BFSI)
- Healthcare and Life Sciences
- Government and Public Sector
- Transportation and Logistics
- IT and Telecommunication
- Media and Entertainment
- Retail and Consumer Goods
Hybrid Cloud Migration Market Regional Analysis/Insights
The hybrid cloud migration market is analysed and market size insights and trends are provided by country, service type, service model, organization size, component as referenced above.
The countries covered in the hybrid cloud migration market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cloud migration market and will continue to do so during the forecast period due to the significant presence of key players, the prevalence of advanced IT infrastructure, and the high rate of adoption of cloud migration services and solutions by various industries in the region. During the forecast period.
Asia-Pacific will continue to experience significant gains and will have the highest CAGR. This is due to the increasing rate of economic digitization, increased investments in the development of IT infrastructure in this region, and the growing volume of unstructured data.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hybrid Cloud Migration Market Share Analysis
The hybrid cloud migration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hybrid cloud migration market.
Some of the major players operating in the hybrid cloud migration market are:
- IBM Corporation (U.S.)
- Microsoft (U.S.)
- Siemens AG (Germany)
- ANSYS, Inc (U.S.)
- SAP SE (Germany)
- Oracle (U.S.)
- Robert Bosch GmbH (Germany)
- Swim.ai, Inc. (U.S.)
- Atos SE (France)
- ABB (Switzerland)
- KELLTON TECH (India)
- AVEVA Group plc (U.K.)
- DXC Technology Company (U.S.)
- Altair Engineering, Inc. (U.S.)
- Hexaware Technologies Limited (India)
- Tata Consultancy Services Limited (India)
- Infosys Limited (India)
- NTT DATA, Inc. (Japan)
- TIBCO Software Inc. (U.S.)