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The Global Data Migration Market size is expected to reach $12.1 billion by 2023, rising at a market growth of 16% CAGR during the forecast period. Growing business data volumes, changing regulatory landscape, and need to maintain the legacy data are the factors that contribute to the growth of the data migration market, globally. However, quality of data and address verification issues are the factors that would restrain the market growth during the forecast period. Growing inclination to deploy cloud based systems and rising need for disaster recovery for business continuity are the factors that would offer lucrative market opportunities for market participants.
Based on Data Type, the market report segments the market into Customer Data, Financial Data, Product Data, Supplier Data, and Compliance Data. Based on Business Function, the Global Data Migration Market segments the market into Sales & Marketing, Finance, Operations, Human Resource, and Others. Based on Organization Size, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Deployment Type, the Global Data Migration Market segments the market into Cloud and On-PremiseBased on Vertical, the market report segments the market into BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Media & Entertainment, and Others.
Based on Regions, the Global Data Migration Market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The market research report covers the analysis of key stake holders of the Global Data Migration Market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Microsoft Corporation, SAP SE, SAS Institute, Inc., Information Builders, Amazon Web Services, Talend, Inc., Syncsort, and Attunity.