A method and system is provided for pre-deployment performance estimation of input-output intensive workloads. Particularly, the present application provides a method and system for predicting the performance of input-output intensive distributed enterprise application on multiple storage devices without deploying the application and the complete database in the target environment. The present method comprises of generating the input-output traces of an application on a source system with varying concurrencies; replaying the generated traces from the source system on a target system where application needs to be migrated; gathering performance data in the form of resource utilization, through-put and response time from the target system; extrapolating the data gathered from the target system in order to accurately predict the performance of multi-threaded input-output intensive applications in the target system for higher concurrencies.