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Cloud Integration, Migration and Optimization Market Trends

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

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Cloud Integration, Migration and Optimization Market Trends

The cloud integration, migration, and optimization industry is seeing a transformation driven by the integration of new AI capabilities. AI technologies such as machine learning and natural language processing are revolutionizing cloud services by automating services, improving decision-making, and better-allocating resources.

AI-enabled tools facilitate system migration with flexibility, leveraging predictive analytics to identify potential risks and recommend the most efficient migration strategies. In addition, AI-driven optimization algorithms continuously monitor cloud performance, identify opportunities for cost savings, and improve scalability. Additionally, AI-driven analytics provide valuable insights into cloud usage patterns, enabling organizations to fine-tune their cloud environments for better performance as and when AI is deployed.

Citing an instance, in May 2024, IBM and SAP SE unveiled their visions for the future of their enterprises by birthing new AI capabilities and launching industry-specific cloud solutions aimed at driving productivity.

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.