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The migration is additive: server-side tagging adds a route, it does not replace your client GTM.
A common confusion: server-side GTM is sometimes presented as a replacement for client-side GTM. It is not. The two work together. Your client GTM continues to capture events from the browser; your server GTM is a new destination that those events route through. Migrating means setting up the server side, not removing the client side.
Your client GTM container has tags that fire on triggers. Each tag sends events directly to its destination: GA4 sends to google-analytics.com, Meta Pixel sends to facebook.com, etc. The browser makes one request per destination, all to third-party hostnames.
Your client GTM still has the same triggers and the same tags. But the tags now point at your custom tagging server URL instead of the destination directly. The browser makes one or two requests to your first-party hostname. Your server container then forwards to all the destinations.
GA4 reports that were affected by ad blockers see an immediate lift, typically 5-20 percent in event volume. Match rates on Meta CAPI improve. The GA4 thresholding drops as user_data flows server-side. None of this requires changing how the reports are configured; the data quality just improves.
If your custom dimensions or events depended on a specific client-side parameter that gets transformed during the migration, those reports may show different values for a brief period. Run client and server in parallel during the transition; the parallel data is your audit trail for any unexpected changes.