1. Market Research

Data Migration Market: Global Forecast until 2022

  • November 2017
  • 159 pages
  • ID: 5220271
In this report:
The marketing business function is expected to contribute the largest market share of ##% in 2017, owing to the massive amounts of data generated from the marketing applications with the advent of IoT and mobile technologies.
In the software segment, APAC is expected to grow at the highest CAGR of ##.##% from 2017 to 2022, because of the increasing demand for data migration software among SMEs with technological advancements.

Summary

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Changing operating environment due to constant technology evolution is driving the industry demand for retaining legacy business data thus accelerating migration of data practices global

The overall data migration market size is forecasted to grow from ~$5.1B in 2017 to ~$11.5B by 2022, at a Compound Annual Rise rate of 17.50 percent during the forecast period. Growing business data volumes which can be attributed to growing adoption of Internet of Things and big data technologies across different industries is one of the top factors fueling the increase of this market. Futhermore, evolving regulatory landscape and need to retain legacy data would fuel the demand of data migration software and services. Nevertheless, data quality and address verification which are often issues post the data migration are restricting the development of market global

Marketing business function is forecasted to hold the biggest industry size during the estimate period

Every organization has various departments to manage varied business processes and operations. The information generated from disparate sources including social media, mobile applications, and web services, need to be monitored and managed in every department to have consolidated data repository. Therefrom, data migration have shown significant adoption in marketing department in every organization

Asia-Pac is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period

The data migration market rise in the Asia Pacific area has started to gain momentum and is anticipated to witness the more important increase rate in the next years. Increasing awareness for business continuity can be accredited to continuous growth in focus of firms on improving their customer service to drive competitive differentiation and revenue increase. Furthermore, to embellish business productivity, supplemented by data migration software and services has led APAC to become a highly potential market. Additionally, quick developing economies in APAC including China, India (IN), Singapore (SG), Malaysia (MY), and Australia (AU) are migrating over cloud adoption.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is presented below:

• By Organization: Tier 1: 21.0 percent, Tier 2: 31.0 percent, and Tier 3: 48.0 percent

• By Description: C-suite: 30.0 percent, D-level: 45.0 percent, and Others: 25.0 percent

• By Area: North America continent: 60.0 percent, EU: 20.0 percent, and Asia-Pacific: 20.0 percent

Segment Research

The document breaks down the data migration market established on services, which is split into managed services and professional services. Under professional services, the industry report is further divided into support and maintenance, and consulting services. Established on deployment models, the sector is divided into on-premises and cloud. Under organization size, it is split into Small and Medium-Sized Enterprises and big enterprises, whereas under the data type, the sector is divided into customer data, product data, financial data, compliance data, and supplier data. Futhermore, by business function, it includes marketing, sales, finance, legal, operations, and human resources. On top of, by market vertical, the sector includes retail and consumer goods, manufacturing, government and defense, media and entertainment, healthcare and life sciences, energy and utilities, telecommunications and IT, and Banking, Financial Services, and Insurance. The areas are divided into north america, Europe (EU), Asia-Pac, Middle East (ME) and African continent, and Latin America area.

Why acquiring this study can help you

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the data migration market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments across distinct industry verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes recent product launches/advancements; alliances and collaborations; mergers and acquisitions; and business developments.

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