Global Data Migration Market - 2019-2026
|資料遷移的全球市場:2019-2026年 Global Data Migration Market - 2019-2026|
|出版日期: 按訂單生產||內容資訊: 英文||
Data migration is the process of selecting, preparing, extracting, and moving the data from one location to another, one format to another, or one application to another. The data is transferred from the data storage systems, data formats, or computer systems. The data migration occurred due to the introduction of the new system or location for the data. The data migration market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for data migration to accommodate the changing need of enterprises. There is increasing usage of the data migration service and software for providing a high level of data integrity. The data migration software helps in transferring and converting data between various types of file formats, servers, data architectures, and storage environments. It is easy and quick to transfers the data from the sensor networks, online channels, transactional systems, and other databases to new environments through the data migration software.
The market is driven by the increasing launch of the data migration software, and services. For instance, in March 2020, Komprise had launched an elastic data migration, a new application aimed at quickly migrating data between on-premises and multiple cloud infrastructures. The elastic data migration can be purchased as a stand-alone technology, its real power is in being included at no charge with Komprise's Intelligent Data Management. It makes an easy for solution providers to analyze the data before migrating.
In August 2019, FTI Consulting had launched new services for its RelativityOne Data Migration product. RelativityOne Data Migration Services is aimed at law firms, corporations, and government agencies, assisting them as they plan and manage data transfer from other e-discovery applications to the RelativityOne platform.
The market is witnessing technological advancements such as the internet of things (IoT), big data technologies, and other technologies for the development of the data migration software, and services. For instance, in November 2018, IBM had launched the new services to help businesses accelerate the complex process of migrating and modernizing applications to cloud and adopt a hybrid, multi-cloud strategy to speed up their business transformation. The IBM Services would introduce the new automation tools to reduce the time of moving and modernizing an organization's infrastructure, data, applications, and workloads.
However, the high cost and slow data transfer associated with the use of the data migration services and software shall hinder the market growth. It has been observed that data migration creates redundant data in the target system. The redundant data leads to the development of the operational issue in businesses. Several sematic risks are associated with the data conversion and data extraction process. These risks change the meaning of data entirely in the target system.
The data migration market is segmented based on the deployment model as the on-premise and cloud-based. The cloud-based segment is expected to grow at the highest CAGR during the forecasted period due to the cost-effectiveness and easy availability of the cloud-based data migration solutions. There is increasing usage of the cloud-based data migration solutions in various industries such as banking, financial services, and insurance (BFSI), healthcare, retail, government, IT and telecommunication, manufacturing, others. The cloud-based data migration solutions allow the transfer of the data, applications, and all essential business elements from the on-premise data center to the cloud, or from one cloud to another. There is the presence of several market players providing cloud-based data migration solutions through the cloud. The cloud-based data migration solutions are the most effective solutions for handling a large amount of the data. The cloud-based data migration solutions provide other benefits such as scalability, flexibility, large storage space, 24/7 availability, and auto-update features. These solutions are effective in managing the security, and infrastructure. The cloud-based data migration solutions require low maintenance cost and less physical setup. It is easy to access cloud-based data migration solutions from anywhere and anytime.
Further, the data migration market is also classified based on the industry verticals as the 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, and others. The telecommunications and IT segment account for a significant market share of XX% in 2019. There is growing usage of the data migration software and services for handling the tackle issues including security, corporate restructuring, and open standard-based interfaces. These software and services increase storage needs. The telecommunications provide lucrative opportunities for data migration with the increasing deployment of 5G technology worldwide. The huge data consumption due to the implementation of 5G technology shall increase the demand for data migration over the forecasted period.
By region, the data migration market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the data migration market due to the high usage of the data migration for accommodating the changing need of the enterprises. The data migration is improving the performance and competitiveness of the enterprises. There is a shift in the preferences towards cloud-based computing. There is increasing adoption of advanced data migration technology by several enterprises. There is the presence of a large number of companies providing data migration services and software. Several cost-effective data management software and services are available in the market. The growing generation of the large data volume in several industries shall boost the demand for data migration over the forecasted period.
Asia-Pacific is expected to witness the positive market growth due to the growing application of the database migration, and storage migration in small and medium enterprises. The data migration eliminates the wasteful data, improves the security of valuable data, and reconcile database for better use. Several enterprises are adopting data migration to secure data integrity. There is a growing need to migrate the data either to other databases or clouds. The increasing penetration of the Internet of things in the manufacturing industries is creating new opportunities for the data migration market.
The Data Migration market is highly competitive with the presence of several international and local market players. The product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. Oracle, IBM, AWS, Microsoft, Informatica, Syncsort, Talend, Attunity, and Information Builders are the leading market players with significant market share.
Companies are using data migration service & software launches, technological advancement, new product development, capacity utilization, and market expansion strategies for holding their position in the market. For instance, in February 2019, Qumulo, the pioneer of hybrid cloud storage had launched the data migration service. Qumulo's data migration service provides a complete data migration solution including project management and execution, best-of-breed software, and servers that make the data migration process simple and worry-free. This new service manages the entire data migration process from planning to execution and validation so that users can focus on their business, not their storage.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Data Migration and their expansion across the globe. For instance, in June 2020, Alation had entered into the collaboration with the Databricks for data discovery and cloud data migration. The new integration would provide the data teams with a platform to identify and govern cloud data lakes, discover and leverage the best data for data science and analytics, and collaborate on data to deliver high-quality predictive models and business insights. The Alation enables data teams to prioritize data for migration to the cloud.
In February 2020, Google had acquired the data migration company i.e. Alooma in the latest cloud push. Alooma would help the enterprise companies streamline database migration in the cloud with a tool that enables moving data from multiple sources to a single data warehouse.
In October 2018, IBM had entered into the definitive agreement with Red Hat to acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion. This acquisition would help the company to become the world's #1 hybrid cloud provider, and providing the companies the only open cloud solution that would unlock the full value of the cloud for their businesses.
In November 2019, EPAM Systems had acquired NAYA Technology, an Israel-based provider of services for complex cloud migration and data management. Under this acquisition, EPAM would get migVisor, an automated database migration assessment tool for helping move Oracle and SQL server databases to public clouds including Amazon Web Services, Microsoft Azure, and Google Cloud Platform. This acquisition would expand the EPAM's ability to train and recruit engineering talent via an Israel-based educational institution owned by NAYA.
In January 2019, Mimecast Limited had acquired Simply Migrate Ltd., an innovative provider of archive data migration technology. This acquisition would help the company expands its migration services with a rich portfolio of connectors, combined with deeper experience in helping organizations get out of the business of managing expensive, unreliable legacy archives so they can move to next-generation data protection strategy in the Mimecast cloud. This technology would enable reduction costs, safeguard their intellectual property, preserve institutional memory, accelerate e-discovery, and achieve compliance.
*The global data migration market report will provide access to approximately 53 Market data tables, 44 figures, and 178 pages.