The data center migration market is projected to pick up the pace during the forecast period.
Datacenter migration refers to the shifting of a data center from one computing environment to another. The data center migration is done due to a variety of reasons including mergers and acquisitions, regulatory requirements, and end of lease requirements. The data center migration provides significant cost savings to the organization, which is one of the major factors anticipated to propel the growth of the data center migration market during the forecast period. Data center migration provides better security and improved efficiency, which is leading to many companies undergoing data center migration and is anticipated to boost the data center migration market growth during the forecast period.
The recent outbreak of the novel coronavirus disease had a positive impact on the data center migration market. Due to the lockdowns implemented in most parts of the world during the pandemic, companies provided work-from-home to the employees, and the workplaces and on-premise data centers were inaccessible. The pandemic led to a large number of companies adopting cloud migration due to remote access, security issues, and the need to manage large amounts of data owing to remote working, which led to a surge in the data center migration market during the pandemic. As more and more companies are looking forward to matching with the rising cloud technology world, cloud migration is anticipated to increase even after the pandemic, which will boost the data center migration market.
The data center migration market has been classified on the basis of type, organization size, end-use industry, and geography. By type, the market has been classified on the basis of Cloud, Hybrid, Consolidation, Colocation, and Relocation. On the basis of organization size, the segmentation has been done into Small and Medium Enterprises, and Large Enterprises. By end-use industry, the market has been categorized into BFSI, Healthcare, Manufacturing, Public Sector, Retail, Telecommunications, and others. Geographically, the market for data center migration has been distributed into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Reduces IT Costs
Data center migration is an effective way to reduce the IT costs of the concerned companies, which is one of the important factors anticipated to propel the growth of the data center migration market during the forecast period. There are many costs associated with the data centers such as maintenance of equipment, training personnel, utility bills, real estate cost to hold the data center, constant server upgrades and maintenance, power, and other data center capital and operating expenses. The energy expenditure of a data center is on an average about 100 times the energy expenditure of an office building of identical size. Data center migration, hence, cuts down the huge electricity bills which result in significant cost reductions. Many companies are hence moving towards colocation or cloud-based data center in order to have predictable monthly charges, which is anticipated to propel the data center migration market growth during the forecast period.
Cloud type segment to hold significant market share
By type, the cloud-based segment is projected to hold the highest market share owing to the various advantages it provides over the traditional data centers and other data center migration types. The cloud migration provides enhanced security features such as keeping unwanted traffic outside and constantly the security as per the latest known security threats. One of the prominent features of cloud migration is scalability. The user can increase or decrease the resources in congruence with the business needs. Other advantages such as increased flexibility and agility, cost-effectiveness, better performance, improved management of high customer expectations, and delivering immediate business results, are increasing the demand for migration and are anticipated to surge the growth of cloud migration during the forecast period. Moreover, the companies are also making constant advances in cloud migration making it easier for customers to migrate to could technology, which is further expected to boost the market growth. For instance, in March 2021, Oracle launched new Oracle Cloud Lift Services which aims to speed up the process of cloud migration and gave its customers expanded access to technical tools and cloud engineering resources to quickly migrate workloads to Oracle Cloud Infrastructure (OCI).
North America to hold a significant market share
Geographically, the North American region is anticipated to hold a significant market share owing to the presence of a large number of data center migration service providers such as Google, Amazon, IBM, and VMware, among many others. Also, the high investments made by the governments of the United States and Canada are anticipated to contribute to the large market share. The Asia Pacific region is anticipated to witness substantial growth due to the rising adoption of new technologies like cloud computing, real-time analytics, artificial intelligence, and machine learning, which indicates the region is anticipated to see prominent growth in data center migration too. The evolving IT sector in the region is expected to surge the market growth in the region during the forecast period.
Prominent/major key market players in the Data Center Migration market include Google, David-Kenneth Group, and Amazon, among others. The players in the Data Center Migration market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the Data Center Migration market.
Frequently Asked Questions (FAQs)
Q1. What is the base year considered in the data center migration market report?
A1. 2019 has been taken as the base year in the data center migration market report.
Q2. How is the data center migration market segmented?
A2. The data center migration market has been classified on the basis of type, organization size, end-use industry, and geography.
Q3. Who are the major players in the data center migration market?
A3. Prominent/major key market players in the data center migration market include Google, David-Kenneth Group, Amazon, among others.
Q4. What factors are anticipated to drive the data center migration market growth?
A4. The data center migration provides significant cost savings to the organization, which is one of the major factors anticipated to propel the data center migration market growth.
Q5. Which region holds the largest market share in the data center migration market?
A5. Geographically, the North American region is anticipated to hold a significant share in the data center migration market owing to the presence of a large number of data center migration service providers such as Google, Amazon, IBM, VMware, among many others.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Data Center Migration Market Analysis, by Type
6. Data Center Migration Market Analysis, by Organization Size
6.2. Small and Medium Enterprises
6.3. Large Enterprises
7. Data Center Migration Market Analysis, by End-Use Industry
7.5. Public Sector
8. Data Center Migration Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.2. David-Kenneth Group
10.4. VMware Inc
10.6. Dell Technologies
10.8. Colt Data Centre Services
10.9. Accenture PLC
Colt Data Centre Services
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