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

Research and Markets
·4 min read
Company Logo
Company Logo

Global Market for Data Migration

Global Market for Data Migration
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.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Latest Stories

  • Bomb threats close schools across Bulgaria for 2nd day

    Interior Minister Ivan Demerdzhiev said partner agencies in Europe and the United States were helping to establish the source of the threats. Yavor Kolev, a cyber crimes expert, thinks the bomb threats were most likely linked to a hacker group involved in political extremism.

  • UniFirst receives prestigious Governor's Safety and Health Award

    UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, announced that its centralized distribution center in Owensboro, Kentucky achieved a safety milestone working 1,164,849 man hours without a lost time incident from June 1, 2021 through September 30, 2022.

  • Core Web Vitals report within Google Search Console updated

    Google said you may see a change in the number of URLS reported in the Core Web Vitals report. The post Core Web Vitals report within Google Search Console updated appeared first on Search Engine Land.

  • This Shark Vacuum Transformed My Grotty Carpets, And Now Has £150 Off In Amazon's Spring Sale

    Snap up a 33% saving on this vacuum that's guaranteed to leave your floors cleaner than ever before – as I found out.

  • Microsoft fixes data loss within Bing Webmaster Tools API

    Make sure to rerun any scripts you have that may be missing data from the Bing Webmaster Tools API. The post Microsoft fixes data loss within Bing Webmaster Tools API appeared first on Search Engine Land.

  • Egypt to allow Iranians visas on arrival in Sinai as regional tensions ease

    Egypt will soon allow Iranians travelling with tour groups to obtain visas on arrival in the south of its Sinai peninsula with a view to extending access to other parts of the country, Egyptian tourism ministry officials said. The decision is part of a series of measures announced on Monday aimed at improving access to visas to boost tourism revenues at a time when Egypt has been struggling economically with an acute foreign currency shortage. It also comes as some Middle Eastern countries including Egypt are taking steps to ease regional tensions.

  • Prospects get chance to shine in Basketball Africa League

    “There is a word that really we don't like, which is ‘raw,'" said Franck Traore, head of basketball operations for NBA Africa. Several academy prospects are playing in the new season of the Basketball Africa League, hoping to gain valuable experience in a professional setting and show that their game is more polished than many think. Now in its third season, the league was created by the NBA in partnership with FIBA to help grow the sport in Africa.

  • What Happens If... You Take Too Much Vitamin D?

    Put it this way, you really ought to follow the recommended dose...

  • ‘Heathers: The Musical’: Village Roadshow, Kaleidoscope Team for U.K. Distribution (EXCLUSIVE)

    Village Roadshow Pictures has teamed with Kaleidoscope Home Entertainment for the U.K. release of the live-captured version of hit West End production “Heathers: The Musical.” The live-event style distribution strategy marks a first for both companies and will see a series of events premiering at more than 320 screens across the U.K. and Ireland from […]

  • British Airways has lost another battle in the war with its Middle Eastern rivals

    There is an ABBA movement gathering momentum in southern Africa. Not the Swedish pop group, of course. These travelling malcontents are declaring they’ll fly on Anything But British Airways. It’s an old joke but one that’s doing the rounds again among folk who must flit between London and Johannesburg or Cape Town.

  • Senate GOP tries, fails to repeal SB 357 + Senate candidate suspends campaign, seeks treatment

    Senate GOP tries, fails to repeal SB 357 + Senate candidate suspends campaign, seeks treatment

  • Selvita Joins Scientist.com’s IND Package Pipeline Program

    SAN DIEGO, March 28, 2023--Selvita joins Scientist.com’s new IND enabling pipeline program, giving pre-clinical researchers greater access to IND-enabling studies.

  • Amnesty: West's 'double standards' fuel Mideast repression

    A leading international rights group on Tuesday decried what it said were double standards by Western countries that have rallied behind a “robust response” to Russia's invasion of Ukraine but remain “lukewarm" on issues of human rights violations in the Middle East. According to Amnesty International, such double standards only fuel further repression for millions in the region. The sharp rebuke came as the London-based watchdog launched its annual report at a news conference at its office in Beirut, Lebanon's capital.

  • Lilium and Customcells ramp up silicon anode battery cell production

    Lilium and Customcells Lilium and Customcells ramp up silicon anode battery cell production Production line in Tübingen, Germany leverages pre-lithiation process for high silicon content cells. Production line provides aviation traceability with capacity to deliver thousands of battery cells a year. MUNICH, Germany, March 28, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and battery cell production partner, C

  • Right-Wingers Use Nashville School Shooting To Push Anti-Trans Rhetoric

    Marjorie Taylor Greene, Donald Trump Jr. and others used the mass shooting to rail against health care for trans people.

  • Hedge fund Standard General sues FCC over delay in Tegna deal

    The FCC, which regulates telecommunications in the country, last month said it would hold a hearing on the planned acquisition of Tegna, which manages 64 stations in 51 U.S. markets. The decision had come from FCC's Media Bureau, and not the commission. Last year, Tegna agreed to be taken private by Standard General in a $5.4 billion all-cash deal.

  • Greece Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Q1 2023 Update: Sector to Reach $4.23 Billion by 2027 at a 5.6% CAGR

    Dublin, March 28, 2023 (GLOBE NEWSWIRE) -- The "Greece Prepaid Card and Digital Wallet Business and Investment Opportunities Databook - Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.According to the publisher, the prepaid card market (value terms) in Greece increased at a CAGR of 4.0% during 2018-2022. Over the forecast period of 2023 to 2027, the market is expected to record a CAGR of 5.6%, incr

  • SILVER MOUNTAIN RESOURCES ANNOUNCES MANAGEMENT CHANGE

    Silver Mountain Resources Inc. ("Silver Mountain" or the "Company") (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) today announces that Alvaro Espinoza has been appointed as Chief Executive Officer of the Company, effective April 1, 2023.

  • Suspect remanded in custody accused of murder and kidnap

    Daryoush Kholghnik, of Vaughan Way, Leicester, is accused of murdering Tala Tala, 53.

  • UPDATE 1-Brazil central bank says monetary policy now requires serenity and patience

    Brazil's central bank stated on Tuesday that current monetary policy requires "serenity and patience," indicating that worsening inflation expectations justified its decision to maintain a hawkish stance towards future steps. In the minutes of the meeting held between March. 21-22, when the rate-setting committee known as Copom kept the benchmark rate at 13.75%, the central bank noted that the Finance Ministry's commitment to implementing fiscal measures and the reinstatement of fuel taxes have reduced the upside risk on short-term inflation.