Data Migration Market Growth Strategies, Latest Trends, Demand and Advancement 2020-2027 Led by Oracle Corporation, QlikTech International AB, SAP, SAS Institute, TIBCO Software
This report provides in-depth qualitative and overall analysis of the "Data Migration Market" on a regional level from 2020 to 2027. The Data Migration market is anticipated to witness decent growth in the coming years also sheds light on the existing industry landscape and puts forward crucial market drivers and opportunities in the coming years
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Key Industry Developments-
- In 2017, IBM launched an IBM Cloud Mass Data Migration service to aid businesses to shift from a large amount of data to the IBM Cloud at the lowest cost. It also provides a large-capacity storage device and increases the speed of the data migration process
- In 2017, Informatica partnered with Google Cloud for marketing analytics, data warehouse modernization, and integration. This partnership is anticipated to migrate data easily over Google Cloud.
By leveraging the enterprise data integration platform for data migration, organizations benefit from reduced risk of cost overrun, or project delay, and lower-cost data migration effort. It improves data consistency across systems, processes, and organizations, and also increase responsiveness to the business. Changing the regulatory landscape, growing business data volumes, and the increasing need to maintain the legacy data are the factors that contribute to the growth of the data migration market. However, address verification issues, and quality of data are the factors that are expected to hamper the market growth during the forecast period. The rising need for disaster recovery for business continuity and growing inclination to deploy cloud-based systems are the factors that would offer lucrative market opportunities for market participants. Data migration helps in reviewing the consumption of energy and areas where it can be cut down and provides an additional benefit of cost-cutting for the organization. Well-Planned and organized data migration can make overall business procedures and processes more efficient.
Vital Players of Data Migration Market:
- Amazon Web Services, Inc.
- Information Builders
- Oracle Corporation
- QlikTech International AB
- SAS Institute Inc.
- TIBCO Software Inc.
- This study provides an analytical description of the global Data Migration market, as well as trends and future estimates to portray the upcoming investment pocket.
- The overall market potential of immersion Data Migration is determined to understand profitability trends for greater market coverage.
- The report provides information on key drivers, constraints, and opportunities, as well as detailed impact analysis.
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