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Cloud Integration, Migration and Optimization Market Share

Report ID: GMI9786
Published Date: Jun 2024
Report Format: PDF

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Cloud Integration, Migration and Optimization Market Share

Amazon Web Services (AWS) and Google LLC hold a high market share of over 15% in the cloud integration, migration and optimization industry. AWS invests heavily in research and development to launch new features and services. Innovations in ML, AI, serverless computing, and IoT help AWS stay ahead of competitors and attract forward-thinking customers.

Google Cloud's Anthos platform enables businesses to manage hybrid and multi-cloud environments seamlessly. This flexibility appeals to enterprises looking to avoid vendor lock-in and optimize their cloud strategies. Also, Google Cloud develops tailored solutions for specific industries such as retail, healthcare, financial services, and media. These industry-focused solutions address unique challenges and regulatory requirements, making Google Cloud an attractive choice for specialized needs.

Cloud Integration, Migration and Optimization Market Companies

Major companies operating in the cloud integration, migration and optimization industry are:

Accenture plc
Amazon Web Services (AWS)
Deloitte Touche Tohmatsu Limited
Google LLC
IBM Corporation
Infosys Limited
Microsoft Corporation
Oracle Corporation
Rackspace Technology
VMware (Broadcom)
Wipro Limited

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cloud integration, migration and optimization reached USD 27.3 billion in 2023 and is set to witness 16% CAGR between 2024 and 2032, led by the growing number of large-scale corporate partnership initiatives.

The public cloud segment accounted for 60% share in 2023 and is expected to reach over USD 58 billion by 2032, as organizations are taking advantage of their agility, scalability, and cost-effectiveness to modernize IT infrastructure.

North America market held 38% share in 2023, owing to the presence of a highly advanced IT infrastructure and strong focus on digital transformation.

IBM Corporation, Infosys Limited, Microsoft Corporation, Oracle Corporation, Rackspace Technology, VMware (Broadcom), and Wipro Limited among others.