The data integration market is valued at USD 9.7 billion in the current year. It is expected to register a CAGR of 10.7% during the forecast period to become USD 17.85 billion by the next five years.
The data integration market could be more cohesive, featuring a substantial number of players. To foster market growth during the forecast period, several strategies, including collaborations, product innovations, and acquisitions, have been analyzed.
In July 2023, a strategic partnership between Atturra and Denodo brought data virtualization capabilities to Data and Integration Services. This collaboration empowers enterprises to maximize the value of their distributed data sets through logical data fabrics and data mesh capabilities. Moreover, it enhances Atturra's data storage and integration capabilities. Denodo's logical data management platform offers unified and user-friendly data access, which is particularly valuable in complex and diverse data environments.
In May 2022, Informatica, a provider of data integration software and services, allied with Oracle's enterprise connectivity and automation platform. This partnership aims to provide enterprise Analytics, Data Warehouses, and Data Science with cloud data integration and governance solutions. By transitioning on-premise workloads to the cloud platform, both companies' customer bases will benefit from automated data generation.
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