Press release
Data Integration Market to Surpass $22 Billion by 2028, Fueled by Big Data Surge
Data Integration Market Report
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.
Market Overview -
The data integration refer to a process of collecting data from multiple sources together to provide users with a unified view used for operational and analytical processes. These data integration sources include multiple data cubes, databases, or flat files. Data integration aims to help understand what numerous data sources are pointing out.
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Big Data Technologies' Surge Fuels Accelerated Growth In The Data Integration Market
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.
Competitive Landscape -
Major companies operating in the data integration market report are International Business Machines Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, SAS Institute Inc., ServiceNow Inc., Hewlett Packard Enterprise Company (HPE), BMC Software Inc., Broadcom Inc. (formerly CA Technologies), Cherwell Software LLC, Ivanti Inc., Axios Systems plc, Citrix Systems Inc., Hornbill Systems Limited, EasyVista Inc., Micro Focus International plc, Atlassian Corporation Plc, Alemba Limited, SysAid Technologies Ltd., Freshworks Inc., SolarWinds Corporation, Zendesk Inc., Agiloft Inc., TOPdesk International B. V., HappyFox Inc., Zoho Corporation Pvt. Ltd., Google Cloud Dataflow, Amazon Web Services (AWS) Glue, Informatica PowerCenter, Talend Open Studio
Rapid Technological Advancements Transforming The Data Integration Market Landscape
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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