HOME Top Market Reports Data Migration Market by Data Type (Customer Data, Financial Data, Product Data), Business Function (Marketing, Sales, Finance), Component, Deployment, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

Data Migration Market by Data Type (Customer Data, Financial Data, Product Data), Business Function (Marketing, Sales, Finance), Component, Deployment, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: TC 5751

 

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The data migration market size is expected to grow from USD 4.50 Billion in 2016 to USD 11.49 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period. The major growth drivers of the market include increasing business data volumes, evolving regulatory landscape, and need to maintain the legacy data. The base year considered for this report is 2016 and the market forecast period is 2017–2022.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the global market on the basis of data types, business functions, components, deployment models, organization sizes, industry verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the data migration market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and new product developments; and Research and Development (R&D) activities in the data migration market.

Research Methodology

The research methodology used to estimate and forecast the data migration market began with capturing data on key vendor revenues through secondary research, which included directories and databases (D&B Hoovers, Bloomberg Businessweek, and Factiva). The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market that was derived from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary participants is depicted in the figure below:

Data Migration Market

To know about the assumptions considered for the study, download the pdf brochure

The data migration ecosystem comprises vendors, such as IBM (US), Oracle (US), AWS (US), Microsoft (US), SAS Institute (US), SAP (Germany), Informatica (US), Information Builders (US), Talend (US), Attunity (US), Scribe Software (US), and Syncsort (US).

The other stakeholders of the data migration market include data migration tool vendors, system integrators, cloud service providers, value-added resellers, data migration managed service providers, technology providers, and consultants/advisory firms.

Data Migration Key Target Audience

  • Service providers and distributors
  • Data migration application builders
  • Independent Software Vendors (ISVs)
  • Enterprises
  • End-users

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

The research report categorizes the data migration market to forecast the revenues and analyze the trends in each of the following subsegments:

By Data Type

  • Customer data
  • Product data
  • Financial data
  • Compliance data
  • Supplier data

By Business Function

  • Marketing
  • Sales
  • Finance
  • Legal
  • Operations
  • Human Resources (HR)

By Component

  • Software
  • Services
    • Managed services
    • Professional services
      • Support and maintenance services
      • Consulting services

By Deployment Model

  • On-premises
  • Cloud

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Industry Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail and consumer goods
  • Government and defense
  • Healthcare and life sciences
  • Manufacturing
  • Telecommunications and IT
  • Energy and utilities
  • Media and entertainment
  • Others (transportation and logistics, travel and hospitality, and academic and research)

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Rest of Europe
  • APAC
    • China
    • India
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • Kingdom of Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of MEA

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American data migration market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the Latin American market
  • Further breakdown of the MEA market

Company Information

  • Detailed analysis and profiling of additional market players upto 5.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Data Migration Market
    4.2 Market By Industry Vertical and Region
    4.3 Market By Region
    4.4 Lifecycle, By Region, 2017

5 Data Migration Market Overview and Industry Trends (Page No. - 35)
    5.1 Market Overview
           5.1.1 Introduction
           5.1.2 Market Dynamics
           5.1.3 Drivers
                    5.1.3.1 Increasing Business Data Volumes
                    5.1.3.2 Evolving Regulatory Landscape
                    5.1.3.3 Need to Retain the Legacy Data
           5.1.4 Restraints
                    5.1.4.1 Data Quality and Address Verification Issues
           5.1.5 Opportunities
                    5.1.5.1 Growing Inclination Toward Cloud Deployments
                    5.1.5.2 Rising Need for Disaster Recovery for Business Continuity
           5.1.6 Challenges
                    5.1.6.1 Risk of Data Loss and Data Ownership Concerns
                    5.1.6.2 Platform, Network, and Other Complexities
    5.2 Industry Trends
           5.2.1 Data Migration Types
                    5.2.1.1 Storage Migration
                    5.2.1.2 Database Migration
                    5.2.1.3 Application Migration
                    5.2.1.4 Cloud Migration
           5.2.2 Data Migration Use Cases
                    5.2.2.1 Introduction
                    5.2.2.2 Use Case # 1: to Minimize the Roll-Out Time of Data Migration and Integration to Improve the Quality of Data Services
                    5.2.2.3 Use Case #2: Migrating Windows 2003 Server to Windows 2012 Server
                    5.2.2.4 Use Case #3: Migrating Data From A Legacy System to A New System
           5.2.3 Regulatory Implications
                    5.2.3.1 Introduction
                    5.2.3.2 Sarbanes-Oxley Act of 2002 (SOX)
                    5.2.3.3 General Data Protection Regulation (GDPR)
                    5.2.3.4 Basel
                    5.2.3.5 Governance, Risk, and Compliance (GRC)
                    5.2.3.6 Health Insurance Portability and Accountability Act (HIPAA)/Health Information Technology for Economic and Clinical Health (HiTech)
           5.2.4 Best Practices to Be Followed During Data Migration

6 Data Migration Market, By Data Type (Page No. - 45)
    6.1 Introduction
    6.2 Customer Data
    6.3 Product Data
    6.4 Financial Data
    6.5 Compliance Data
    6.6 Supplier Data

7 Data Migration Market, By Business Function (Page No. - 51)
    7.1 Introduction
    7.2 Marketing
    7.3 Sales
    7.4 Finance
    7.5 Legal
    7.6 Operations
    7.7 Human Resource (HR)

8 Data Migration Market, By Component (Page No. - 58)
    8.1 Introduction
    8.2 Software
    8.3 Services
           8.3.1 Managed Services
           8.3.2 Professional Services
                    8.3.2.1 Support and Maintenance
                    8.3.2.2 Consulting Services

9 Data Migration Market, By Deployment Model (Page No. - 66)
    9.1 Introduction
    9.2 On-Premises
    9.3 Cloud

10 Data Migration Market, By Organization Size (Page No. - 70)
     10.1 Introduction
     10.2 Small and Medium-Sized Enterprises
     10.3 Large Enterprises

11 Data Migration Market, By Industry Vertical (Page No. - 74)
     11.1 Introduction
     11.2 Healthcare and Life Sciences
     11.3 Banking, Financial Services, and Insurance
     11.4 Manufacturing
     11.5 Retail and Consumer Goods
     11.6 Telecommunications and It
     11.7 Media and Entertainment
     11.8 Energy and Utilities
     11.9 Government and Defense
     11.10 Others

12 Data Migration Market, By Region (Page No. - 84)
     12.1 Introduction
     12.2 North America
             12.2.1 By Component
             12.2.2 By Data Type
             12.2.3 By Business Function
             12.2.4 By Deployment Model
             12.2.5 By Organization Size
             12.2.6 By Industry Vertical
             12.2.7 By Country
                        12.2.7.1 United States
                        12.2.7.2 Canada
     12.3 Europe
             12.3.1 By Component
             12.3.2 By Data Type
             12.3.3 By Business Function
             12.3.4 By Deployment Model
             12.3.5 By Organization Size
             12.3.6 By Industry Vertical
             12.3.7 By Country
                        12.3.7.1 United Kingdom
                        12.3.7.2 Germany
                        12.3.7.3 Rest of Europe
     12.4 Asia Pacific
             12.4.1 By Component
             12.4.2 By Data Type
             12.4.3 By Business Function
             12.4.4 By Deployment Model
             12.4.5 By Organization Size
             12.4.6 By Industry Vertical
             12.4.7 By Country
                        12.4.7.1 China
                        12.4.7.2 India
                        12.4.7.3 Rest of Asia Pacific
     12.5 Latin America
             12.5.1 By Component
             12.5.2 By Data Type
             12.5.3 By Business Function
             12.5.4 By Deployment Model
             12.5.5 By Organization Size
             12.5.6 By Industry Vertical
             12.5.7 By Country
                        12.5.7.1 Brazil
                        12.5.7.2 Mexico
                        12.5.7.3 Rest of Latin America
     12.6 MEA
             12.6.1 By Component
             12.6.2 By Data Type
             12.6.3 By Business Function
             12.6.4 By Deployment Model
             12.6.5 By Organization Size
             12.6.6 By Industry Vertical
             12.6.7 By Country
                        12.6.7.1 Kingdom of Saudi Arabia
                        12.6.7.2 United Arab Emirates
                        12.6.7.3 South Africa
                        12.6.7.4 Rest of Middle East and Africa

13 Competitive Landscape (Page No. - 110)
     13.1 Overview
     13.2 Prominent Players Operating in Data Migration Market
     13.3 Competitive Scenario
             13.3.1 New Product Launches
             13.3.2 Partnerships, Agreements, and Collaborations
             13.3.3 Expansions
             13.3.4 Acquisitions

14 Company Profiles (Page No. - 116)
(Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Introduction
     14.2 Oracle
     14.3 IBM
     14.4 AWS
     14.5 Microsoft
     14.6 Informatica
     14.7 SAP
     14.8 SAS Institute
     14.9 Talend
     14.10 Attunity
     14.11 Information Builders
     14.12 Syncsort
     14.13 Scribe Software
     14.14 Key Innovators

*Details on Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 148)
     15.1 Key Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customization
     15.6 Related Reports
     15.7 Author Details


List of Tables (84 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Data Migration Market Size, By Data Type, 2015–2022 (USD Million)
Table 3 Customer Data: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Product Data: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Financial Data: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Compliance Data: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Supplier Data: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Data Migration Market Size, By Business Function, 2015–2022 (USD Million)
Table 9 Marketing: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Sales: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Finance: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Legal: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Operations: Market Size, By Region, 2015–2022 (USD Million)
Table 14 HR: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Data Migration Market Size, By Component, 2015–2022 (USD Million)
Table 16 Software: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 19 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 20 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 21 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 22 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 23 Consulting Services Market Size, By Region, 2015–2022 (USD Million)
Table 24 Data Migration Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 25 On-Premises: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Data Migration Market Size, By Organization Size, 2015–2022 (USD Million)
Table 28 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Data Migration Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 31 Healthcare and Life Sciences: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 34 Retail and Consumer Goods: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Telecommunications and It: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Media and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 38 Government and Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 39 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 40 Data Migration Market Size, By Region, 2015–2022 (USD Million)
Table 41 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 42 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 43 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 44 North America: Market Size, By Data Type, 2015–2022 (USD Million)
Table 45 North America: Market Size, By Business Function, 2015–2022 (USD Million)
Table 46 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 47 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 48 North America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 49 Europe: Data Migration Market Size, By Component, 2015–2022 (USD Million)
Table 50 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 51 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 52 Europe: Market Size, By Data Type, 2015–2022 (USD Million)
Table 53 Europe: Market Size, By Business Function, 2015–2022 (USD Million)
Table 54 Europe: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 55 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 56 Europe: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 57 Asia Pacific: Data Migration Market Size, By Component, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 59 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 60 Asia Pacific: Market Size, By Data Type, 2015–2022 (USD Million)
Table 61 Asia Pacific: Market Size, By Business Function, 2015–2022 (USD Million)
Table 62 Asia Pacific: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 63 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 64 Asia Pacific: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 65 Latin America: Data Migration Market Size, By Component, 2015–2022 (USD Million)
Table 66 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 67 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 68 Latin America: Market Size, By Data Type, 2015–2022 (USD Million)
Table 69 Latin America: Market Size, By Business Function, 2015–2022 (USD Million)
Table 70 Latin America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 71 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 72 Latin America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 73 MEA: Data Migration Market Size, By Component, 2015–2022 (USD Million)
Table 74 MEA: Market Size, By Service, 2015–2022 (USD Million)
Table 75 MEA: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 76 MEA: Market Size, By Data Type, 2015–2022 (USD Million)
Table 77 MEA: Market Size, By Business Function, 2015–2022 (USD Million)
Table 78 MEA: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 79 MEA: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 80 MEA: Data Migration Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 81 New Product Launches/Product Upgradations, 2017
Table 82 Partnerships, Agreements, and Collaborations, 2016–2017
Table 83 Expansions, 2016–2017
Table 84 Acquisitions, 2015–2016


List of Figures (42 Figures)

Figure 1 Data Migration Market Segmentation
Figure 2 Regional Scope
Figure 3 Data Migration Market: Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Migration Market: Assumptions
Figure 8 Data Migration Market Size, 2015-2022, (USD Million)
Figure 9 Market By Component, 2017 vs 2022
Figure 10 Market By Service, 2017–2022
Figure 11 Market By Data Type, 2017 vs 2022
Figure 12 Market By Deployment Model, 2017–2022
Figure 13 Market By Business Function, 2017–2022
Figure 14 Market By Organization Size, 2017 vs 2022
Figure 15 Market By Industry Vertical, 2017 vs 2022
Figure 16 Market By Region, 2017 vs 2022
Figure 17 Data Migration Market is Expected to Be Driven By the Need to Manage Enterprise Data Efficiently to Drive the Business Growth
Figure 18 Banking, Financial Services, and Insurance Industry Vertical, and North America are Estimated to Have the Largest Market Shares in 2017
Figure 19 North America is Estimated to Have the Largest Market Share in 2017 Due to the Early Adoption of Data Migration Solutions in This Region
Figure 20 Asia Pacific is Expected to Have an Prominent Growth During the Forecast Period
Figure 21 Data Migration Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Financial Data Type is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 HR Business Function is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 26 Consulting Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 27 Cloud Deployment Model is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 28 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 29 Retail and Consumer Goods Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Asia Pacific is Expected to Have the Highest CAGR in the Data Migration Market During the Forecast Period
Figure 31 North America: Market Snapshot
Figure 32 Asia Pacific: Market Snapshot
Figure 33 Key Developments By Leading Players in the Data Migration Market, 2015–2017
Figure 34 Geographic Revenue Mix of the Top 3 Market Players
Figure 35 Oracle: Company Snapshot
Figure 36 IBM: Company Snapshot
Figure 37 AWS: Company Snapshot
Figure 38 Microsoft: Company Snapshot
Figure 39 SAP: Company Snapshot
Figure 40 SAS Institute: Company Snapshot
Figure 41 Talend: Company Snapshot
Figure 42 Attunity: Company Snapshot

The data migration market is expected to grow from USD 5.14 Billion in 2017 to USD 11.49 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period. Factors such as increasing business data volumes, evolving regulatory landscape, and need to maintain the legacy data are expected to drive the growth of the global market.

The report provides detailed insights into the global data migration market, which is segmented by data type, business function, component, deployment model, organization size, industry vertical, and region. Among data types, the customer data type is expected to continue to dominate the market during the forecast period with growing need to maintain customer data for improving bottom-line performance through better customer engagement. The financial data type segment is expected to grow at the fastest CAGR with the growing importance of migration process among banking and other financial institutions with the need for better management of data and ultimately, legacy systems.

Among the business functions, the marketing segment is expected to dominate the data migration market as the implementation of data migration solutions is increasing to gain a 360-degree view of the data, which help them to design their marketing strategies in accordance with their target group. Human Resources (HR) business function is expected to witness the highest growth rate as HR personnel looks to consolidate the available data to initiate data analysis.

In the component segment, the data migration software segment is expected to have the larger market share during the forecast period. The demand for data migration software is rising, as organizations need data migration to manage increasing data volume to enhance productivity and maintain business continuity.

Among deployment models, the cloud deployment model is expected to witness the highest CAGR during the forecast period owing to its cost effectiveness, scalability, and ease of deployment. The large enterprises segment is expected to dominate the data migration market in terms of market share as these enterprises are keenly focusing on efficient data management to drive business growth. However, the Small and Medium-sized Enterprises (SMEs) segment is expected to exhibit a higher CAGR, owing to the easy availability and scalability of cloud-based deployments.

The Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to have the largest market size during the forecast period. This industry is exhibiting new growth opportunities coupled with rapid digital initiatives and stringent regulatory compliances. Additionally, it helps in cutting excessive costs while providing improved agility and scalability, overcoming the operational challenges. The retail and consumer goods vertical is expected to witness the highest CAGR during the forecast period owing to the need for consolidation of customer data generated across various touchpoints during customer life cycle.

Data Migration Market

The report covers all the major aspects of the data migration market and provides an in-depth analysis across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America region dominates the global data migration market owing to direct presence of majority of data migration vendors. The APAC region is expected to grow at the highest CAGR during the forecast period, owing to the growing adoption of data migration software and services among SMEs with growing digitalization, and increased adoption of IoT-based technologies.

However, increased data quality and address verification issues would restrain the market growth. Growing inclination toward cloud deployment and rising need for disaster recovery for business cointnuity would create lucrative market opportuntities.

The global data migration market is fragmented in nature, as no single vendor dominates the market. Vendors that offer data migration software and services includes IBM (US), Oracle (US), AWS (US), Microsoft (US), SAS Institute (US), SAP (Germany), Informatica (US), Information Builders (US), Talend (US), Attunity (US), Scribe Software (US), and Syncsort (US). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, expansions, and acquisitions, to expand their offerings in the data migration market.

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