US Cloud Migration Services Market Expected to Reach $11.78 Billion by 2029
The US cloud migration services market has seen significant growth in recent years, driven by the increasing adoption of cloud computing among businesses. According to a report by ResearchAndMarkets.com, the market was valued at USD 3.29 billion in 2023 and is expected to reach USD 11.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 23.51%. This growth trend is driven by the need for businesses to modernize their infrastructure and reduce costs.
Looking ahead to 2025, cloud experts predict that the market will continue to evolve, with MSPs and MSSPs playing a key role in delivering value and driving revenue. J.J. Kardwell, CEO of Vultr, predicts that new innovations in cloud computing are necessary to bring out the best in MSP businesses. While cloud migration can offer numerous benefits, including scalability and cost-efficiency, it also requires careful planning and execution to avoid common pitfalls.
African IT leaders, for instance, must be aware of five critical mistakes to avoid when migrating to the cloud. These include: (1) underestimating the complexity of the migration process; (2) not conducting a thorough risk assessment; (3) failing to develop a comprehensive migration strategy; (4) neglecting data security and compliance requirements; and (5) not monitoring and evaluating the migration process regularly.
By avoiding these mistakes, African IT leaders can ensure that their cloud migration projects are successful and meet their business objectives. As the US cloud migration services market continues to grow, it is essential for businesses to stay informed about the latest trends and best practices in cloud computing.
Cloud Migration and Credit Reporting Drive Divergent Investment Strategies as Enterprises Reassess Their Future in the Cloud
A recent upgrade by RBC Capital Markets to “Outperform” on Experian Plc’s stock has raised expectations for the credit-reporting giant, with a new price target of £42.00. The move is attributed to Experian’s cloud migration strategy and potential margin upside. The company’s current valuation metrics suggest it is trading near its fair value, with a price-to-earnings ratio of 33.1x.
In contrast, experts in the K-12 education sector are grappling with the complexities of managing diverse cloud environments. According to technology leaders, adopting a multilayered approach to security is crucial, involving data lakes and correlation tools to monitor and analyze events. This approach enables a single dashboard to track activities from various sources, including on-premises systems.
The growing trend of enterprises adopting multi-cloud and hybrid strategies has highlighted the need for organizations to reassess their cloud strategy and think about their future in the context of this new landscape. While some may view the cloud as an opportunity to build the future, others worry that they are repeating past mistakes by failing to properly manage diverse environments.
Meanwhile, Experian’s stock upgrade underscores the importance of navigating the complexities of credit reporting and its potential for growth in the cloud era. As enterprises continue to evolve their cloud strategies, investors and experts will be watching these developments closely to understand how companies like Experian can capitalize on emerging trends while managing risk.
References
1. GlobeNewswire. (2025, January 8). United States $11.75+ Bn Cloud Migration Services Market – Trends, Competition, Forecast, Opportunities 2019-2023-2024-2029.
2. Channel E2E. (2025, January 6). Weather Report: 2025 Cloud Computing Predictions.
3. IT News Africa. (2025, January 7). 5 Cloud Migration Mistakes African IT Leaders Should Avoid.
4. Investing.com. (2025, January 6). RBC bullish on Experian stock, cites cloud migration and margin upside.
5. EdTech Magazine: Focus on K-12. (2025, January 7). School Technology Leaders Reveal What Life Is Like in the Cloud.
6. Wire19. (2025, January 2). Cloud in 2025: Are We Building the Future or Repeating the Past?
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