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Global Data Migration Strategic Market Report 2023: Market to Reach $34.2 Billion by 2030 - Ongoing Shift towards Digital Transformation Creates Fertile Environment for Data Migration Tools
Global Market for Data Migration
Dublin, Jan. 27, 2023 (GLOBE NEWSWIRE) -- The "Data Migration - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Data Migration Market to Reach $34.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Data Migration estimated at US$9.8 Billion in the year 2022, is projected to reach a revised size of US$34.2 Billion by 2030, growing at a CAGR of 16.8% over the analysis period 2022-2030.
Customer Data, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$12.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Financial Data segment is readjusted to a revised 17% CAGR for the next 8-year period.
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 15.6% CAGR
The Data Migration market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 14.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12% CAGR.
Key Metrics
Report Attribute | Details |
No. of Pages | 182 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $9.8 Billion |
Forecasted Market Value (USD) by 2030 | $34.2 Billion |
Compound Annual Growth Rate | 16.9% |
Regions Covered | Global |
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:1. MARKET OVERVIEW
Influencer Market Insights
An Introduction to Data Migration
Data Migration: Current Market Scenario and Outlook
Data Migration - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS(Total 13 Featured)
Amazon Web Services, Inc.
Attunity Ltd.
IBM Corporation
Informatica LLC
Information Builders, Inc.
Microsoft Corporation
Oracle Corporation
SAP SE
SAS Institute, Inc.
Scribe Software Inc.
Syncsort
Talend SA
3. MARKET TRENDS & DRIVERS
Ongoing Shift towards Digital Transformation Creates Fertile Environment for Data Migration Tools
World Digital Transformation Market Revenues in US$ Billion for the Years 2019 & 2025
World Digital Transformation Market Revenues by End-Use Sector (in %) for the Year 2019
Inadequacies of Legacy Systems Instigate Momentum in Digital Transformation
Cloud Technology Stimulates Drive Towards Digital Transformation
Data Migration Tools Enable Seamless Compliant Migration
Banking & Financial Services Enterprises: Major Consumers
eCommerce Product Data Migration Amplifies Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/kolx6u-migration?w=12
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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