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The data integration market size is forecast to increase by USD 10.94 billion, at a CAGR of 12.88% between 2023 and 2028. The market growth hinges on diverse factors, notably the critical necessity for seamless data integration, efficient communication channels, and optimized business processes. This burgeoning market facilitates enterprises in amalgamating data from disparate sources like databases, Software-as-a-Service (SaaS) platforms, and others, culminating in a cohesive and unified data landscape. The integration journey commences with data ingestion, followed by essential stages such as cleansing, Extract, Transform, Load (ETL) mapping, and transformation. Ultimately, data integration empowers analytical tools such as Oracle, Tableau, and others to generate insightful and actionable business intelligence. This capability not only enhances operational efficiency but also fosters informed decision-making, thereby positioning organizations to navigate complexities adeptly and capitalize on emerging opportunities in the dynamic business landscape.
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In the dynamic landscape of data management, data integration serves as a crucial component. Enterprises leverage sophisticated data warehouse and cloud based software for seamless integration of diverse data sets. Data mapping ensures accurate alignment, while data integration platform facilitate smooth data flow across systems. The adoption of hybrid data integration solutions optimizes operations, enabling efficient corporate reporting. These advancements underscore the growing significance of data integration in modern businesses, where the ability to harness data effectively is paramount for success.
The market share by the IT and Telecom segment will be significant during the forecast period. The IT and telecom sector manages its businesses and operations through operational support systems (OSS) and business support systems (BSS). OSS consists of software, hardware, and network components that run an organization's communication networks. BSS consists of applications that deal with customer management activities such as CRM. In the era of IoT and smart, integration of multiple systems and connected devices has become mandatory for establishing seamless communication systems.
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The IT and Telecom segment showed a gradual increase in the market share of USD 2.57 billion in 2018. The telecommunications industry is one of the most dynamic, with a huge number of players competing for service quality and modern communication technologies such as 4G long-term evolution (LTE) and worldwide interoperability for microwave access (WiMax). With advances in ICT, telecom operators are seeking to integrate multiple systems on a single platform. Owing to the lower upfront investments in software and hardware telecom operators get substantial benefits from cloud-based solutions. Business process operations managed through on-premises software solutions are gradually being moved to cloud-based infrastructure. Such factors will fuel the growth of the telecom segment in the global data.
The market by the tool segment includes core data integration platforms include Hadoop and Spark, offered by companies such as IBM, Amazon.com, Dell Technologies, and Teradata. In addition, companies such as IBM, SAP, and Oracle offer data management, integration, and transformation for analysis, application development, data veracity, quality management, data governance and compliance, and process integration products. Moreover, the market is rising due to the increase in the launch of cloud-based tools like Dell Boomi, IBM App, Operations hub, etc., which can be accessed via the Internet. The launch of new products will drive the growth of the tool segment. Hence, such product launches will fuel the growth of the market.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is a significant contributor to the market, with organizations upgrading their IT infrastructure to gain better operational accuracy and survive in the highly competitive environment. Furthermore, the rising demand for cloud computing, which plays a crucial role in the easy adoption and integration of multiple IT infrastructures and service platforms like HP Enterprise and OneNeck IT Solutions, is driving the growth of the market in North America.
Moreover, to simplify the ICT infrastructure, banking, telecom, and healthcare firms investing in advanced IT solutions should also invest. Investments in system integration can save these end-users by reducing the chances of manual errors in accounts, billing, and order management systems. Such investments should be strategic and evaluate the benchmark of the ROI. This will help end-users raise their revenues and profits. Therefore, contributing to the growth of the market in focus during the forecast period.
In today's data-driven world, businesses rely on robust data integration solutions to streamline operations. Leveraging analytics solutions and data science, companies manage their data assets efficiently through data warehouses and cloud-based software. These systems enable automation of processes like fraud detection and data enrichment, ensuring accuracy and reliability. With software tools and consulting services, businesses achieve seamless data integration across various platforms, enhancing enterprise analytics and facilitating business automation. Comprehensive technical support and training ensure smooth operations of data integration platforms and cloud data integration services.
The high need for data integration is the key factor driving market growth. Due to the influx of different software complexities within the IT infrastructure are rising. To avoid such complications, companies are integrating enterprise application integration (EAI) systems to begin a cost-effective solution that can transform heterogeneous applications into a common, recognizable platform. As more organizations are going worldwide, clients, suppliers, and other stakeholders overall should be associated with real-time information. To accomplish this, organizations require integration platforms to link multiple enterprise systems with the web and wireless applications.
Moreover, the raised proliferation and complexity of data have made the process of deploying and maintaining reliable data interfaces difficult. Enterprises are adopting such solutions to overcome such difficulties. It also enables organizations to check, transform, and deliver data, understand business processes, and bridge the gap between businesses and IT needs. Thus, such factors will boost the growth of the market during the forecast period.
Increased adoption of cloud-based integration solutions is the key trend driving the growth of the market. Cloud computing solutions are used by Organizations to modernize their IT infrastructure by providing cost-effective and adaptable solutions. Supply chain management (SCM) systems can now be integrated with other back-office systems through the use of cloud computing solutions. The availability of faster connectivity features to run multiple applications is increasing the popularity of cloud-based data integration. Cloud-based integration services enable enterprises to exchange data within or outside enterprises for commercial applications.
Moreover, the cloud-based integration services are deployed in two forms, integration platform-as-a-service (iPaaS) and data platform-as-a-service (dPaaS). iPaaS includes a set of cloud-based integration solutions that authorize organizations to integrate back-office systems without installing physical IT infrastructure. dPaaS is an integration service for data management in organizations. Furthermore, the previous model of distributed computing with weak, hard-coded, and basically dead integration has advanced to a simpler, more adaptable, and more scalable interface that upgrades the agility of business processes. Hence, the raised adoption of cloud-based integration solutions is one of the major trends that will boost the growth of the market during the forecast period.
The lack of comprehensive integration strategies is the major challenge to market growth. The system becomes more complex with the rise in the IT landscape. Enterprises need an integration strategy to maintain seamless operations. Generally, organizations are likely to allocate more than 8% of their total revenue to the IT budget, which includes application integration, data integration on mobile devices, and on-premises cloud application integration.
Moreover, assuming chief information officers (CIOs) miss the mark on comprehensive integration strategy to smooth out business processes, they pose a customized solution for each new business challenge which prompts a heterogeneous environment that is not only difficult to manage but expensive to maintain. Hence, the lack of a comprehensive integration strategy may create a challenge to the successful implementation of enterprise application integration, which will impede the growth of the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Integration Platform as a Service (iPaaS) Market Analysis North America,Europe,APAC,Middle East and Africa,South America - US,China,Japan,Germany,France - Size and Forecast
System Integration Services Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast
Data Preparation Tools Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, UK, Germany, China, Canada - Size and Forecast
Enterprise connectivity is driving the evolution of the data integration market, facilitated by cloud platforms, and cloud computing technologies and seamless data exchange. From recruitment firms to the marketing sector, organizations across industries are leveraging data integration solutions to streamline their operations segment and optimize processes. The HR industry, large company sector and retail sector are particularly benefiting from advanced data integration tools, transformation tools enabling them to harness the power of big data and cloud computing technology. With diverse data sources and a growing customer base, the demand for efficient data capture and robust data profiling is on the rise. Organizations are investing in workforce training and certifications to maximize the potential of data quality, integrating remote sensors and other innovative technologies to enhance connectivity and drive business growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.88% |
Market growth 2024-2028 |
USD 10.94 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.54 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adeptia Inc., Alphabet Inc., Cisco Systems Inc., Denodo Technologies Inc., HCL Technologies Ltd., Hevo Data Inc., Hitachi Ltd., Informatica Inc., International Business Machines Corp., Jitterbit Inc., Microsoft Corp., Oracle Corp., Precisely, QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, Talend Inc, and TIBCO Software Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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