Albany, NY -- (SBWire) -- 03/15/2019 --Shifting of data from one technology over to the other one is known as data migration process. This is unlike ETL, amalgamation, and duplication, where the data is moved within the existing environment itself, even though such processes could be utilized to contribute in the migration process. Majorly, data migration is used in wider applications for example moving from SAP to Oracle, comprising of SAP environment. It can also help in migration of one SAP version to another or one database to other, or even among the key upgrades of databases.
The rise in business data volumes is credited to the increasing popularity of big data technologies and Internet of Things (IoT) in several sectors. This is among the key factors propelling the growth of global data migration market. Moreover, improved government regulations and importance to protect the legacy data is likely to boost the demand for data migration solutions and services.
Nevertheless, address verification nd data quality that are major issues after the process of data migration are hindering the growth in data migration market all over the world.
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Geographically, Western Europe and North America region are the mature market for data migration, in contrast with other regions, since they are adopting new technologies faster. The regions of Japan and Asia Pacific are foreseen to lead the global data migration market all across the globe in coming years, and are likely to have major potential for future development for key players.
Data migration is the process of moving data from one technology to other, as opposed to data amalgamation, ETL and duplication, which are mainly concerned with moving data among current environments, though these technologies may be used in order to support the migration procedure. Data migration is often assumed as a part of a wider application migration such as migrating from SAP to Oracle, consolidating SAP environments or migrating from one version of SAP to another, but may also be used to support migration from one database to another or between major upgrades of a database. The implementation of master data management may also require data migration. Data migration will require use of data profiling and discovery tools and data quality capabilities and may also involve ETL, data archival and data masking technologies.
Data migration market: Drivers and Challenges
Increasing business data volumes which can be attributed to rising adoption of Internet of Things (IoT) and big data technologies across various industries is one of the key factors fuelling the growth of this market. Further, evolving regulatory landscape and need to preserve legacy data would fuel the demand of data migration software and services.
However, data quality and address verification which are often issues post the data migration are restricting the development of market worldwide.
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Data migration market: regional outlook
By regions, Data migration market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
North America and Western Europe Data migration market is predominantly mature as compared to the other regional market as they are fast in the adoption of technology. Data migration market in Asia Pacific excluding Japan and Japan are expected to possess maximum potential in the forecast period. Data migration market in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.
Data migration market segmentation:-
By Component
- Software
- Services
By Deployment Model
- On-premises
- Cloud
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
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By Industry Vertical
- BFSI
- Retail
- Government
- Defence
- Healthcare
- Manufacturing
- IT and Telecom
- Energy and utilities
- Media and entertainment
- Others (transportation and logistics, travel and hospitality, and academic and research)
Data migration market: competition landscape:-
Key vendors in the Data migration market includes IBM Corporation, Oracle Corporation, Amazon Web Services, Inc., Microsoft Corporation, SAS Institute, SAP SE, Informatica Corporation, Information Builders inc, Talend SA, Attunity Ltd, Scribe Software Corporation, and Syncsort Incorporated.
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Global Data Migration Market Emerging Trends and Top Key Players to Watch- IBM, Oracle, Amazon Web Services, Microsoft, SAS Institute and More in 2017-2025