United States Cloud Migration Services Market Forecast 2024-2032
Market Report I 2024-10-28 I 149 Pages I Inkwood Research
KEY FINDINGS
The United States cloud migration services market is projected to grow at a CAGR of 23.75% between 2024 to 2032. The market was valued at $66514.26 million in 2023, reaching a revenue of $455788.93 million by 2032.
The cloud migration services market in the United States is experiencing significant growth, largely driven by the rapid pace of digital transformation accelerated by the COVID-19 pandemic. Both companies and government agencies are increasingly turning to cloud solutions to boost operational efficiency, ensure business continuity, and replace outdated legacy systems. The rising demand for secure, scalable, and innovative cloud platforms, along with heightened concerns over cybersecurity, cost-effectiveness, and digital resilience, is propelling the market's expansion across both the private and public sectors.
MARKET INSIGHTS
The growth of the cloud migration services market in the United States has become a key focus in both the corporate and governmental sectors. Driven by the challenges of the pandemic, the US has witnessed a rapid acceleration in digital transformation. As remote work became the norm, businesses turned to cloud and connectivity solutions to ensure continuity. This shift was further enhanced by the adoption of cutting-edge technologies such as extended reality (XR), identity management, and blockchain, resulting in significant improvements in operational efficiency. What was once a cautious approach to new technology has evolved into a more agile mindset, with organizations swiftly embracing digital solutions in response to pandemic-related pressures.
In the corporate sector, companies like Accenture, Microsoft, and Unilever have set the pace, completing one of the largest and most complex cloud migrations in the consumer goods sector in April 2023. This milestone transformed Unilever, whose over 400 brands serve 3.4 billion people daily, into a fully cloud-based enterprise. The success of such initiatives highlights the resilience and adaptability of businesses as they tackle the challenges of the post-pandemic environment.
Meanwhile, in the public sector, there is a growing awareness of the need for secure digital infrastructure. There have been increasing calls for the US government to develop and execute a comprehensive strategy for transitioning federal agencies to secure cloud services. This proposed strategy would include a clear roadmap, with targeted milestones to be achieved by the end of the decade, focusing on the implementation, modernization, and replacement of legacy systems with secure cloud technologies. To strengthen cloud cybersecurity, the strategy advocates for the involvement of the Office of the National Cyber Director (ONCD) and the National Institute of Standards and Technology (NIST), which would be responsible for establishing mandatory cybersecurity requirements for federal cloud contracts.
Financial considerations further underscore the urgency of this transition. Despite a substantial $12 billion investment in cloud services during fiscal year 2022, more than half of the US government's $100 billion IT budget was directed toward maintaining vulnerable, outdated legacy systems. The rising costs of upkeep, combined with increased exposure to cyber threats, are driving the strategic shift toward secure cloud solutions.
SEGMENTATION ANALYSIS
The United States cloud migration services market segmentation includes organization size, deployment model, application, and vertical. The organization size segment is further classified into large enterprises and small & medium enterprises.
Large enterprises are strategically leveraging cloud migration services to enhance industrial interoperability, modularity, and transformative processes, which are essential for maintaining a competitive edge. As they navigate the demands of the digital age, these organizations are increasingly adopting cloud platforms that address immediate operational challenges while boosting application efficiency. These platforms not only provide solutions for present-day business needs but also serve as strong foundations for future innovation and long-term development.
A key demonstration of this trend occurred in May 2022, when Accenture and SAP launched a joint offering to help large enterprises unlock new value through cloud solutions. This collaboration underscores the growing recognition of the vital role that cloud services play in driving business innovation and underscores the dedication of industry leaders to providing tailored cloud migration solutions. These solutions enable enterprises to effectively manage the complexities of the digital landscape while fostering innovation and ensuring their long-term competitiveness.
COMPETITIVE INSIGHTS
Major companies operating in the United States cloud migration services market include Amazon Web Services Inc (AWS), International Business Machines Corporation, Cisco Systems Inc, etc.
Amazon Web Services Inc (AWS), a subsidiary of Amazon.com Inc, provides a broad spectrum of cloud computing services. Its offerings encompass cloud infrastructure solutions, including computing, storage, databases, networking, analytics, mobile, developer tools, augmented and virtual reality, robotics, game technology, machine learning, management tools, content delivery, media services, customer engagement, application streaming, and security, identity, and compliance services.
AWS caters to a diverse range of industries, including automotive, digital marketing, telecommunications, education, government, retail, financial services, media and entertainment, gaming, consumer packaged goods (CPG), healthcare and life sciences, oil and gas, power and utilities, and non-profit organizations. The company operates globally, with business activities in the United States, the United Kingdom, Australia, China, France, Germany, India, Brazil, Canada, Ireland, Japan, Korea, and Singapore. AWS is headquartered in Seattle, Washington, USA.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.6. MAJOR MARKET FINDINGS
2.6.1. ORGANIZATIONS ARE INCREASINGLY ADOPTING HYBRID AND MULTI-CLOUD STRATEGIES
2.6.2. SECURITY REMAINS A TOP CONCERN FOR ORGANIZATIONS MIGRATING TO THE CLOUD
2.6.3. CLOUD COST MANAGEMENT IS A CRITICAL CONSIDERATION FOR ORGANIZATIONS
2.6.4. CLOUD MIGRATION SERVICES ARE INCREASINGLY INCORPORATING AI AND ML CAPABILITIES
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. RISING OPEX INVESTMENTS IN BUSINESSES
3.1.2. INCREASED ADOPTION OF REMOTE WORKING
3.1.3. LOW OPERATIONAL COSTS AND ACCELERATED DEPLOYMENT
3.1.4. LESS INFRASTRUCTURAL COMPLEXITY AND SEAMLESS ACCESSIBILITY
3.2. KEY RESTRAINTS
3.2.1. ADJUSTMENTS TO SECURITY AND COMPLIANCE
3.2.2. SHORTAGE OF SKILLED CLOUD PROFESSIONALS
3.2.3. VENDOR LOCK-IN PROBLEM IN CLOUD COMPUTING
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. RISE IN BYOD
4.1.2. SIMPLIFICATION OF CLOUD ARCHITECTURE TO OVERCOME SKILL SHORTAGES
4.1.3. INCREASING DIGITAL CUSTOMER ENGAGEMENT AND EMERGENCE IN MULTICHANNEL COMMUNICATION
4.1.4. USE OF CLOUD IN HEALTHCARE
4.1.5. GROWING ADOPTION OF MULTI-CLOUD STRATEGY
4.1.6. GROWTH OF CLOUD AS A SERVICE MODEL
4.2. PESTLE ANALYSIS
4.2.1. POLITICAL
4.2.2. ECONOMICAL
4.2.3. SOCIAL
4.2.4. TECHNOLOGICAL
4.2.5. LEGAL
4.2.6. ENVIRONMENTAL
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. MARKET CONCENTRATION ANALYSIS
5. MARKET BY ORGANIZATION SIZE
5.1. LARGE ENTERPRISES
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. SMALL & MEDIUM ENTERPRISES
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
6. MARKET BY DEPLOYMENT MODEL
6.1. PUBLIC CLOUD
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. PRIVATE CLOUD
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. HYBRID CLOUD
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
7. MARKET BY APPLICATION
7.1. PROJECT MANAGEMENT
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. INFRASTRUCTURE MANAGEMENT
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
7.3. SECURITY & COMPLIANCE MANAGEMENT
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENT ANALYSIS
7.4. OTHER APPLICATIONS
7.4.1. MARKET FORECAST FIGURE
7.4.2. SEGMENT ANALYSIS
8. MARKET BY VERTICAL
8.1. BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
8.1.1. MARKET FORECAST FIGURE
8.1.2. SEGMENT ANALYSIS
8.2. MANUFACTURING
8.2.1. MARKET FORECAST FIGURE
8.2.2. SEGMENT ANALYSIS
8.3. HEALTHCARE & LIFE SCIENCES
8.3.1. MARKET FORECAST FIGURE
8.3.2. SEGMENT ANALYSIS
8.4. IT & TELECOMMUNICATION
8.4.1. MARKET FORECAST FIGURE
8.4.2. SEGMENT ANALYSIS
8.5. CONSUMER GOODS & RETAIL
8.5.1. MARKET FORECAST FIGURE
8.5.2. SEGMENT ANALYSIS
8.6. GOVERNMENT & PUBLIC SECTOR
8.6.1. MARKET FORECAST FIGURE
8.6.2. SEGMENT ANALYSIS
8.7. OTHER VERTICALS
8.7.1. MARKET FORECAST FIGURE
8.7.2. SEGMENT ANALYSIS
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. ACQUISITIONS
9.1.2. PARTNERSHIPS & AGREEMENTS
9.1.3. INVESTMENTS
9.2. COMPANY PROFILES
9.2.1. AMAZON WEB SERVICES INC (AWS)
9.2.1.1. COMPANY OVERVIEW
9.2.1.2. SERVICES LIST
9.2.1.3. STRENGTHS & CHALLENGES
9.2.2. INTERNATIONAL BUSINESS MACHINES CORPORATION
9.2.2.1. COMPANY OVERVIEW
9.2.2.2. SERVICES LIST
9.2.2.3. STRENGTHS & CHALLENGES
9.2.3. CISCO SYSTEMS INC
9.2.3.1. COMPANY OVERVIEW
9.2.3.2. SERVICES LIST
9.2.3.3. STRENGTHS & CHALLENGES
9.2.4. GOOGLE
9.2.4.1. COMPANY OVERVIEW
9.2.4.2. SERVICES LIST
9.2.4.3. STRENGTHS & CHALLENGES
9.2.5. INFORMATICA INC
9.2.5.1. COMPANY OVERVIEW
9.2.5.2. SERVICES LIST
9.2.5.3. STRENGTHS & CHALLENGES
9.2.6. MICROSOFT CORPORATION
9.2.6.1. COMPANY OVERVIEW
9.2.6.2. SERVICES LIST
9.2.6.3. STRENGTHS & CHALLENGES
9.2.7. BROADCOM INC (VMWARE INC)
9.2.7.1. COMPANY OVERVIEW
9.2.7.2. SERVICES LIST
9.2.7.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - CLOUD MIGRATION SERVICES
TABLE 2: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY DEPLOYMENT MODEL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY DEPLOYMENT MODEL, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY VERTICAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: LIST OF ACQUISITIONS
TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 12: LIST OF INVESTMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: MARKET CONCENTRATION ANALYSIS
FIGURE 4: UNITED STATES CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2023
FIGURE 5: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY LARGE ENTERPRISES, 2024-2032 (IN $ MILLION)
FIGURE 6: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY SMALL & MEDIUM ENTERPRISES, 2024-2032 (IN $ MILLION)
FIGURE 7: UNITED STATES CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODEL, IN 2023
FIGURE 8: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY PUBLIC CLOUD, 2024-2032 (IN $ MILLION)
FIGURE 9: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY PRIVATE CLOUD, 2024-2032 (IN $ MILLION)
FIGURE 10: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY HYBRID CLOUD, 2024-2032 (IN $ MILLION)
FIGURE 11: UNITED STATES CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 12: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY PROJECT MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 13: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY INFRASTRUCTURE MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 14: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY SECURITY & COMPLIANCE MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 15: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 16: UNITED STATES CLOUD MIGRATION SERVICES MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2023
FIGURE 17: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2024-2032 (IN $ MILLION)
FIGURE 18: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY MANUFACTURING, 2024-2032 (IN $ MILLION)
FIGURE 19: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY HEALTHCARE & LIFE SCIENCES, 2024-2032 (IN $ MILLION)
FIGURE 20: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY IT & TELECOMMUNICATION, 2024-2032 (IN $ MILLION)
FIGURE 21: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY CONSUMER GOODS & RETAIL, 2024-2032 (IN $ MILLION)
FIGURE 22: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2024-2032 (IN $ MILLION)
FIGURE 23: UNITED STATES CLOUD MIGRATION SERVICES MARKET, BY OTHER VERTICALS, 2024-2032 (IN $ MILLION)
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.