Cloud Migration Services Market to Reach $17.5 Billion by 2026

Strategic Insights -

The global cloud migration services market, which was estimated at $5.3 billion in 2020, is projected to reach $17.5 billion by 2026, growing at a compound annual growth rate (CAGR) of 21.7% over the analysis period. The market is driven by the increasing demand for cloud-based services, particularly in the wake of the COVID-19 pandemic.

Key Takeaways:

  • The global cloud migration services market is expected to reach $17.5 billion by 2026, growing at a CAGR of 21.7% over the analysis period.
  • The DevOps segment is projected to record a 26.3% CAGR and reach $4.4 billion by the end of the analysis period.
  • The Disaster Recovery segment is forecast to grow at a revised 21.4% CAGR for the next 7-year period.
  • The U.S. market is estimated at $1.8 billion in 2021, while China is forecast to reach $2.7 billion by 2026.
  • The Managed Services segment is expected to reach $2.9 billion by 2026, with the USA, Canada, Japan, China, and Europe driving the 24.1% CAGR estimated for this segment.
  • The Asia-Pacific market is forecast to reach $657 million by 2026, driven by countries such as Australia, India, and South Korea.

Statistics:

  • Global cloud migration services market size: $5.3 billion (2020), $17.5 billion (2026)
  • CAGR: 21.7% (2020-2026)
  • DevOps segment growth rate: 26.3% (2020-2026)
  • Disaster Recovery segment growth rate: 21.4% (2020-2026)
  • U.S. market size (2021): $1.8 billion
  • China market size (2026): $2.7 billion
  • Managed Services segment growth rate: 24.1% (2020-2026)
  • Asia-Pacific market size (2026): $657 million

Sources:

  • Global Industry Analysts Inc. (GIA), "Cloud Migration Services - Global Market Trajectory & Analytics" (Released: May 2021)
  • Global Industry Analysts Inc. (GIA) client companies (67,000+ domain experts worldwide)
  • MarketGlass(TM) Platform (a free full-stack knowledge center accessible from GIA's website or mobile application on iOS or Android)
  • Global Industry Analysts, Inc. & StrategyR(TM), a renowned market research publisher (providing accurate forecasting of markets and industries for over 33 years)