The Data Integration by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Integration , The data integration market size has grown rapidly in recent years. It will grow from $12.97 billion in 2023 to $14.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to globalization and distributed data sources, focus on data quality and master data management, adoption of self-service data integration, increased complexity of it environments, data warehousing evolution..
The data integration market size is expected to see rapid growth in the next few years. It will grow to $22.26 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to evolving industry-specific requirements, focus on customer satisfaction and experience, global regulatory and governance considerations, continuous improvement and analytics focus, alignment with devops practices, compliance with data privacy regulations, edge computing integration, focus on customer experience and insights, real-time data integration, diversity of data sources.. Major trends in the forecast period include vendor consolidation and platform offerings, globalization and data integration challenges, event-driven architecture, focus on data privacy and security, containerization and microservices architecture..
The rise in big data technologies is expected to propel the data integration market. Big data technologies are rising due to the need for handling extensive, random, and high-velocity data and enabling decision-makers to limit risks, discover new insights and improve decision-making. This rise in big data technologies will create a huge demand for data integration as it is an essential part of big data technologies and a crucial step before analysing big data for insights. The data integration combines data in a simple and unified manner that helps for easy analysis of data during the use of big data technologies. For instance, in December 2022, according to Capgemini, a French based information technology company, 27% of business executives say their company’s Big Data initiatives are profitable. Therefore, the rise in big data technologies will drive the data integration market growth.
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The data integration market covered in this report is segmented –
1) By Component: Tools, Services, Professional Services, Managed Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization: Large Enterprises, Small Enterprises, Medium Enterprises
4) By Industry Vertical: BFSI, Retail And Consumer Goods, Media And Entertainment, Manufacturing, Energy And Utilities, Healthcare And Life Sciences, Telecom And IT, Government And Defense, Transportation And Logistics, Travel And Hospitality, Academia and Research
Technological advancement is a key trend gaining popularity in the data integration market. The market is witnessing the implementation of next-generation technologies into data integration such as data warehousing, data virtualization, artificial intelligence (AI), machine learning (ML), and others. The advanced data integration tools make the process even more effective, and enable advanced automation, ease of use, and flexible approach while enhancing multiple use cases. Major companies operating in the data integration market are focused on providing technologically advanced data integration solutions and services to strengthen their market position. For instance, in May 2021, TIBCO Software Inc., a US-based software company launched TIBCO Data Virtualization and TIBCO EBX technologies in its Unify data management portfolio, with groundbreaking advancements. These solutions significantly strengthen an organization’s data fabric, allowing users to realize the immense potential of data. These solutions offer ease of use with no technical knowledge, offer a flexible approach, and enable users to unify, manage and innovate with the data.
The data integration market report table of contents includes:
- Executive Summary
- Data Integration Market Characteristics
- Data Integration Market Trends And Strategies
- Data Integration Market – Macro Economic Scenario
- Global Data Integration Market Size and Growth
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- Global Data Integration Market Competitive Benchmarking
- Global Data Integration Market Competitive Dashboard
- Key Mergers And Acquisitions In The Data Integration Market
- Data Integration Market Future Outlook and Potential Analysis
- Appendix
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