Frequently Asked Questions:
Database Migration Service Equipment Market also suffered from the COVID 19 pandemic, many large businesses and SMEs have shifted their allegiance to cloud-savvy managed service providers (MSPs), who have sped up the migration process, scaled existing services, modernized legacy applications, enabled and orchestrated multi-cloud environments, and utilized a variety of cloud-native capabilities.
North America accounted for the highest share in the global Database Migration Service equipment market.
The growing demand for self-driving cloud databases, particularly in new industries, will be a key market growth driver.
With over 60% of the market revenue share in 2021, cloud systems had a significant share.
The banking, financial services, and insurance (BFSI) segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.