Data Integration Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The data integration market size has grown rapidly in recent years. It will grow from $12.97 billion in 2023 to $14.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to globalization and distributed data sources, focus on data quality and master data management, adoption of self-service data integration, increased complexity of it environments, data warehousing evolution..

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..

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Segmentation & Regional Insights
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

North America was the largest region in the data integration market in 2023. The regions covered in the data integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The data integration market report table of contents includes:

1. Executive Summary

2. Data Integration Market Characteristics

3. Data Integration Market Trends And Strategies

4. Data Integration Market – Macro Economic Scenario

5. Global Data Integration Market Size and Growth

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31. Global Data Integration Market Competitive Benchmarking

32. Global Data Integration Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Data Integration Market

34. Data Integration Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

International Business Machines Corporation

Oracle Corporation

SAS Institute Inc.

ServiceNow Inc

Hewlett Packard Enterprise Company (HPE)

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