Dependent upon how much data is to be transferred to the target device, restoring an iCloud backup via a network/internet connection may take many hours to complete. Keeping the devices connected to their respective Power Adapters throughout the restore process - and ideally set aside while the process is running - will assist with more rapid completion of the restore process.
Connection to external power is essential to keep the devices WiFi connections active; if running on battery power alone, the process will take much longer due to power conservation.
As for direct transfer between devices via a wired connection, while supported by iPhone, I have not been able to verify that this method is supported by iPadOS:
Use a wired connection to transfer data to a new iPhone - Apple Support
These support pages should get you started with setup of your new iPad - and the methods of transferring your data from old to new iPad:
Set up your iPhone, iPad or iPod touch – Apple Support
Transfer data from your previous iOS device to your new iPhone, iPad, or iPod touch - Apple Support
Use Quick Start to transfer data to a new iPhone, iPad or iPod touch – Apple Support
If the donor iPad, from which you are transferring your data precedes iOS12.4, QuickStart will not be available.
“Transfer” is rather a misnomer. In reality, your data and setup is merely cloned to the new device. Nothing is moved or removed from the original device.
An alternative is to restore either an iCloud or iTunes backup to the new device:
How to back up your iPhone, iPad and iPod touch – Apple Support
Restore your iPhone, iPad, or iPod touch from a backup - Apple Support
Apps are not directly transferred between devices. For Apps, the transfer process creates a record of the Apps that are installed on the donor iPad - and it is this record of installed Apps that is transferred to the target (new) device. For Apps that are still available for download from the App Store, the corresponding Apps are automatically downloaded and installed from the App Store.
If you do need assistance, you can make an appointment for the Genius Bar of your local Apple Store or Apple Authorised Service Provider (AASP) here:
Genius Bar Reservation and Apple Support Options - Apple