An $ 18.1 billion global opportunity for data migration by 2026
SAN FRANCISCO, October 6, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Data Migration – Global Market Trajectory and Analysis. “The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 9; Posted: April 2021
Executive pool: 31693
Companies: 13 – Players covered include Amazon Web Services, Inc .; Attunity Ltd .; IBM Corporation; Informatica LLC; Information Generators, Inc .; Microsoft Corporation; Oracle Corporation; SAP SE; SAS Institute, Inc .; Scribe Software Inc .; Syncsort; Talend SA and others.
Blanket: All major geographies and key segments
Segments: Commercial function (marketing, sales, finance, legal, other commercial functions); Data type (customer data, financial data, product data, compliance data, supplier data)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global Data Migration Market to Reach $ 18.1 billion by 2026
In the midst of the COVID-19 crisis, the global data migration market is estimated to be US $ 6.9 billion in 2020, is expected to reach a revised size of US $ 18.1 billion by 2026, with a CAGR of 17.2% over the analysis period. Customer data, one of the segments analyzed in the report, is expected to register a CAGR of 17.8% and reach 7.1 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the financial data segment is readjusted to a revised CAGR of 18.5% for the next 7-year period.
The US market is estimated at $ 2.5 billion in 2021, when China is expected to reach $ 3.2 billion by 2026
The data migration market in the United States is estimated at US $ 2.5 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 3.2 billion by 2026, with a CAGR of 16.5% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 15.2% and 14.8% respectively during the analysis period. In Europe, Germany is expected to grow by about 12.6% CAGR.
Product data segment to be reached US $ 3.2 billion by 2026
In the global product data segment, United States, Canada, Japan, China and Europe will lead to the estimated 16.6% CAGR for this segment. These regional markets representing a combined market size of US $ 1 billion in 2020 will reach a projected size of US $ 2.9 billion at the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.