A company has decided to replace hypervisors to reduce licensing costs. An administrator has been tasked with migrating VMs to the new hypervisor. Which of the following migration types will be used?

P2P (Physical-to-Physical) migration involves moving an operating system and data from one physical server to another, which is not applicable when dealing with VMs.

A Virtual-to-Virtual (V2V) migration involves moving a virtual machine's disk files and configuration from one hypervisor platform or instance to another. This is precisely the type of migration used when replacing hypervisors, as both the source and destination environments are virtualized.

V2P (Virtual-to-Physical) migration involves converting a virtual machine's image into an operating system installed directly on a physical server, which is the reverse of what is needed here.

P2V (Physical-to-Virtual) migration involves converting an operating system and data from a physical server into a virtual machine image, which is not applicable as the source is already a VM.