Overview and Scope
Data integration and integrity software refers to a suite of tools and solutions designed to facilitate the seamless consolidation of data from various sources while ensuring its accuracy, consistency, and reliability. These solutions enable organizations to streamline data management processes, enhance data quality, and derive actionable insights from integrated datasets.
Sizing and Forecast
The data integration and integrity software market size has grown rapidly in recent years. It will grow from $14.27 billion in 2023 to $16.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to the increased volume of data, increased remote work trends, cybersecurity concerns, high data quality management initiatives, and acceleration of digital healthcare initiatives.
The data integration and integrity software market size is expected to see rapid growth in the next few years. It will grow to $27.03 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increasing adoption of cloud computing, increased focus on data security, the need for digital transformation, increasing demand for real-time insights, and increasing data complexity. Major trends in the forecast period include integration with CRM (Customer relationship management) systems, integration with ERP (Enterprise Resource Planning) systems, strategic collaboration, technological advancements, expansion of data integration marketplaces.
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Segmentation & Regional Insights
The data integration and integrity software market covered in this report is segmented –
1) By Component: Tools (Solutions), Services
2) By Deployment Model: On-Premise, Cloud-based
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By Industry Vertical: IT and Telecommunication, Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Retail, Aerospace and Defense, Other Industry Verticals
North America was the largest region in the data integration and integrity software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data integration and integrity software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing focus on data securities is expected to propel the growth of the data integration and integrity software market going forward. Data security refers to the measures and protocols implemented to protect digital data from unauthorized access, disclosure, alteration, or destruction. The demand for data security is increasing due to factors such as rising cybercrime rates, poor security adoption rates, and increasing pressure to protect sensitive data from illegal access. The data integration and integrity software helps increase focus on data security by providing comprehensive solutions for managing and protecting data across various systems and platforms, ensuring compliance with regulations, and mitigating the risks of breaches and unauthorized access. For instance, in October 2022, according to McKinsey & Company, a US-based strategy and management consulting firm, organizations around the world spent around $150 billion in 2021 on cybersecurity, growing by 12.4% annually. Therefore, the increasing focus on data securities is driving the growth of the data integration and integrity software market.
Key Industry Players
Major companies operating in the data integration and integrity software market are Microsoft Corporation, International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, SAS Institute Inc., Palantir Technologies Inc., Informatica Corporation, Snowflake Inc., TIBCO Software Inc., Alteryx Inc., Confluent Inc., Talend SA, SnapLogic Inc., MuleSoft LLC, Domo Inc., Actian Corporation, Fivetran Inc., Matillion Limited, StreamSets Inc., Astera Software Inc., Panoply Ltd., Denodo Technologies Inc., CloverDX a.s., Striim Inc.
The data integration and integrity software market report table of contents includes:
1. Executive Summary
2. Data Integration And Integrity Software Market Characteristics
3. Data Integration And Integrity Software Market Trends And Strategies
4. Data Integration And Integrity Software Market – Macro Economic Scenario
5. Global Data Integration And Integrity Software Market Size and Growth
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32. Global Data Integration And Integrity Software Market Competitive Benchmarking
33. Global Data Integration And Integrity Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Integration And Integrity Software Market
35. Data Integration And Integrity Software Market Future Outlook and Potential Analysis
36. Appendix
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