MARKET INTRODUCTION
In data migration, data is moved from one technology to the other for enhancing and improving the performance and competitiveness of an organization. It increases the value of integration to new applications, enhances the security of valuable data, reconciles database for better use, and eliminates wasteful data. Further, data migration is the fastest method for ensuring the safety of data. Few recent developments are:
- In 2020, IBM launched an IBM Cloud Mass Data Migration service to aid businesses to shift from a large amount of data to the IBM Cloud at the lowest cost. It also provides a large-capacity storage device and increases the speed of the data migration process
- In 2020, Informatica partnered with Google Cloud for marketing analytics, data warehouse modernization, and integration. This partnership is anticipated to migrate data easily over Google Cloud.
MARKET DYNAMICS
By leveraging the enterprise data integration platform for data migration, organizations benefit from reduced risk of cost overrun, or project delay, and lower-cost data migration effort. It improves data consistency across systems, processes, and organizations, and also increase responsiveness to the business. Changing the regulatory landscape, growing business data volumes, and the increasing need to maintain the legacy data are the factors that contribute to the growth of the data migration market. However, address verification issues, and quality of data are the factors that are expected to hamper the market growth during the forecast period. The rising need for disaster recovery for business continuity and growing inclination to deploy cloud-based systems are the factors that would offer lucrative market opportunities for market participants. Data migration helps in reviewing the consumption of energy and areas where it can be cut down and provides an additional benefit of cost-cutting for the organization. Well-Planned and organized data migration can make overall business procedures and processes more efficient.
MARKET SCOPE
The "Global Data Migration Market Analysis to 2028" is a specialized and in-depth study of the technology media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the data migration market with detailed market segmentation by data type, business function, industry vertical, and geography. The global data migration market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading data migration market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global data migration market is segmented on the basis of data type, business function, and industry vertical. Based on data type, the data migration market is segmented into: Customer Data, Product Data, Financial Data, Compliance Data, and Supplier Data. On the basis of business function, the market is segmented into: Marketing, Sales, Finance, Legal, Operations, and Human Resources (HR). On the basis of industry verticals, the market is segmented into: BFSI, Retail and Consumer Goods, Government and Defense, Healthcare and Life Sciences, IT and Telecom, and Others.
REGIONAL FRAMEWORK
The data migration market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global data migration market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The data migration market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the data migration market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the data migration in these regions.
MARKET PLAYERS
The reports cover key developments in the data migration market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of data migration market players. The market players from data migration market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the data migration market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the data migration market. In addition, the report focuses on leading industry players with information such as company profiles, data types, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon Web Services, Inc.
- IBM
- Informatica
- Information Builders
- Microsoft
- Oracle Corporation
- QlikTech International AB
- SAP
- SAS Institute Inc.
- TIBCO Software Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.