Data Integration

Data Integration

The data integration market was valued at USD xx million in 2021 & is expected to grow at a CAGR of 12% from 2022-2028. Data integration is the process of combining data from different sources and making it available for use in a unified manner. This can involve a variety of activities, such as data cleaning, data transformation, and data integration tools. The goal of data integration is to provide a single, comprehensive view of data that is useful for decision-making and analysis. Data integration is used in a wide range of industries, including healthcare, finance, and retail.

• Based on deployment mode, the market is segmented into cloud and on-premises. The on-premises segment dominated the data integration market in 2021 due to its capabilities in integrating data from various on-premises sources, including data replication tools and unified data systems. However, the cloud segment is expected to grow significantly in the coming years as cloud platforms aim to create unified data stores that can be accessed by all applications and users. Cloud data integration involves connecting various systems and applications for real-time data exchange and transforming, consolidating, and cleaning data to provide users with a single view of all interactions. For instance, Denodo Technologies launched its cloud data integration solution called Denodo Standard in March 2021. Denodo Standard is a cloud-based data integration platform that allows organizations to easily connect and integrate data from various sources and systems, including cloud and on-premises databases, applications, and cloud services. It provides a unified view of all data across the organization, enabling businesses to make informed decisions faster.
• On the basis of organization size, the market is segmented into small and medium enterprises and large enterprises. The large enterprise segment dominated the data integration market in 2021 due to the high adoption rate of data integration software among large enterprises to meet new demands, scale their infrastructure, and maintain support for their products and services. Data integration benefits large enterprises in various ways, such as increasing productivity, providing greater visibility, reducing the burden of IT, and helping them gain more opportunities. The launch of integrated governance frameworks by companies like Torry Harris Business Solutions is a testament to the importance of data integration in large enterprises and the need for effective governance to ensure seamless integration and maintenance of support for services.
• Based on end-users, the market is segmented into it & telecom, BFSI, healthcare, government & public sector, manufacturing, and others. The IT & telecom segment dominated the data integration market in 2021 due to the need for quick data integration from internal databases, customer records, and third-party systems. This would help evaluate data quality and make recommendations for resolving issues. Data integration benefits the IT & telecom sector in various ways, such as increasing productivity, providing greater visibility, reducing the burden of IT, and helping in gaining more opportunities. Partnerships between companies like Nagarro and Zendesk are a testament to the importance of data integration in the IT & telecom sector and the need for effective data integration solutions to drive growth.
• For a better understanding of the market adoption of the data integration industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the data integration market in 2021, accounting for over 39% share of the global revenue. This is primarily due to the high adoption of digital strategies and the presence of developed countries like Canada and the U.S. that drive market growth. The region is moving towards upgraded and innovative technologies, and this is reflected in the increasing adoption of data integration solutions. Growing technological advancements in the area are essential factors promoting market expansion in North America, and the rising number of global data integration businesses will aid the expanding market.
• Some of the major players operating in the market include Informatica Inc., IBM, Microsoft, SAP, Oracle, Talend, SAS Institute Inc., TIBCO Software Inc., Denodo Technologies, and QlikTech International AB.