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The data integration market size is estimated to grow at a CAGR of 11.42% between 2022 and 2027. The market size is forecast to increase by USD 8,505.71 million. The growth of the market depends on several factors, including the high need for data integration, the demand for efficient communication, and enhanced business process efficiency. This market allows companies to combine data from different sources such as databases, SaaS, and other platforms into one unified view. Integration begins with the ingestion process and includes steps such as cleansing, ETL mapping, and transformation. Ultimately, data integration enables analytical tools like Oracle, Tabelu, etc, to create effective and actionable business intelligence.
This data integration market report extensively covers market segmentation by end-user (IT and telecom, healthcare, BFSI, government, and defense, and others), component (tools and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The high need for data integration is the key factor driving the growth of the global data integration market. 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, raised proliferation and complexity of data have made the process of deploying and maintaining reliable data interfaces difficult. Enterprises are adopting data integration solutions to overcome such difficulties. Data integration enables organizations to check, transform, and deliver data, understand business processes, and bridge the gap between businesses and IT needs. Additionally, it helps organizations integrate technical and business processes from different sources and convert them into meaningful and valuable information. Hence, the high need for data integration, mixed with the increasing data volumes across enterprises, is boosting the growth of the global data integration market during the forecast period.
Increased adoption of cloud-based integration solutions is the key trend driving the growth data integration 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 global data integration market during the forecast period.
The lack of comprehensive integration strategies is the major challenge to the growth of the global data integration market. 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 global data integration market during the forecast period.
The market share growth 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 2,356.94 million in 2017 and continued to grow by 2021. 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 global data integration market by the tool segment includes core data integration platforms, data integration applications, analytics, visualization and query tools, data integration bases, and data management tool. Core data integration platforms include Hadoop and Spark, offered by vendors such as IBM, Amazon.com, Dell Technologies, and Teradata. In addition, vendors such as IBM, SAP, and Oracle offers data management, integration, and transformation for analysis, application development, data veracity, quality management, data governance and compliance, and process integration product.
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. For instance, In July 2022, Dell Technologies introduced advanced storage with multi-cloud flexibility, automation, and security. Dell PowerFlex software-defined infrastructure unifies block and file capabilities on a single platform by consolidating both conventional and contemporary workloads. Hence, such product launches will fuel the growth of the global data integration market.
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North America is estimated to contribute 30% 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 data integration market in North America.
Moreover, to simplify the ICT infrastructure, banking, telecom, and healthcare firms investing in advanced IT solutions should also invest in data integration. 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 in data integration 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 2020, the COVID-19 outbreak severely impacted the operations of various end-users in North America. However, the initiation of large-scale vaccination drives?has lifted the lockdown, and operations in the IT sector and end-user industries resumed in the first half of 2021, which is expected to drive the demand for data integration and, in turn, will fuel the growth of the data integration market in North America during the forecast period.
The Data Integration 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Data Integration Market Customer Landscape
Vendors 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.
Cisco Systems Inc.: The company offers data integration that helps to find and view your data across your organization and your ecosystem.
Denodo Technologies Inc.: The company offers data integration that helps for management, and delivery platforms using a logical approach to enable self-service BI.
HCL Technologies Ltd.: The company offers data integration solutions such as Esource, regulatory services, and pharmacovigilance.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The data integration market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Data Integration Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.42% |
Market growth 2023-2027 |
USD 8,505.71 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
10.81 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 30% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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