Market Overview:

The Data Migration Market size is estimated to reach $25.2 billion by 2030, growing at a CAGR of 18.4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Data Migration Market – By Type (Storage Migration, Database Migration, Application Migration, Cloud Migration, Business Process Migration, Data Centre Migration and Others), By Data Type (Financial Data, Manufacturing and Operations Data and Others), By Business Function (Marketing, Sales, Finance, Legal, Operations, Human Resource), By Component (Software, Services (Managed Services, Professional Services)), By Deployment Mode (On-Premises, Cloud), By Organization Size (Small & Medium Sized Enterprises, Large Enterprises), By Industry Vertical (BFSI(Banking, Financial Services & Insurance), Healthcare & Life Sciences, Manufacturing, Retail & Consumer Goods, Telecommunications & IT, Media & Entertainment, Power & Utilities, Education, Pharma & Biotech, Oil & Gas, Chemicals, Food & Beverage Transportation & Logistics, Government, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”.

North America Segment to Register Highest Growth:

In 2023, North America largest market share for Data Migration Market and is expected to grow during the forecast period 2024-2030, this is primarily driven by the region's advanced technological infrastructure, strong digital adoption, and the presence of numerous data-intensive industries. The region has a high penetration rate of cloud-based solutions, which often necessitate data migration to cloud platforms. Additionally, industries such as healthcare, finance, and technology, which generate and manage large volumes of data, are prevalent in North America, this drives the demand for efficient data migration solutions. North America is also a hub for technological innovation, with many leading data migration tools and services developed and headquartered in the region, the region's well-developed digital infrastructure, including high-speed internet and reliable data centers, facilitates efficient data migration processes, providing significant growth opportunities for businesses operating in the North America region.

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Scope of the Report: 

  Report Metric

                          Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

18.4%

Market Size in 2030

$25.2 Billion

Segments Covered

By Type, By Data Type, By Business Function, By Component, By Deployment Model, By Organization Size, By Industry Vertical, and By Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Malaysia, Indonesia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

  1. AWS

  2. Attunity (Qlik)

  3. IBM

  4. Informatica

  5. Information Builders

  6. Microsoft

  7.  Oracle

  8. SAP

  9. Scribe Software

  10. Salesforce Inc. & More

 


Key Takeaways:
  • North America dominates the data migration market owing to rising preferences towards cloud-based computing.
  • The rising penetration IoT IoT-based devices in manufacturing industries and, the large volume of data generation in the telecom sector are creating new opportunities for the data migration market.
  • Cloud-based data migration is expected to accelerate the data migration market at a faster pace due to a faster and low-cost process.
  • The risk of data integrity and data corruption acts as an inhibiting factor for the data migration industry.

Data Migration Market: Competitive Landscape

Key companies profiled in the Data Migration Market are:
  1. AWS
  2. Attunity (Qlik)
  3. IBM
  4. Informatica
  5. Information Builders
  6. Microsoft
  7. Oracle
  8. SAP
  9. Scribe Software 
  10. Salesforce Inc. among others

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IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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IndustryARC

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