USD 12.22 billion
Report ID:
SQMIG45C2037 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
59 |
Figures:
77
Global Data Integration Market size was valued at USD 12.22 billion in 2022 and is poised to grow from USD 13.87 billion in 2023 to USD 38.20 billion by 2031, at a CAGR of 13.5% during the forecast period (2024-2031).
With the use of data integration, analytics systems can offer useful, actionable business intelligence. Data integration creates a unified, single view of an organization's data that a business intelligence application can access to provide actionable insights based on the organization's data assets, regardless of the source or format. The pool of data produced by the integration process is used to build a data warehouse. For instance, in June 2022, cloud software vendor Salesforce, Inc. announced "Mulesoft," a single platform for automation, application programming interfaces (APIs), and data integration. The technology would help businesses automate their processes, establish a uniform view of the data, and connect to any system with ease. Mulesoft provides the whole range of solutions, which would improve the user experience, reduce waiting time, and boost productivity. It encourages intersystem cooperation for a full picture of the company, rather than only benefiting a team or an individual. For instance, business intelligence software provider TIBCO Software Inc. announced improvements to its TIBCO cloud data integration in July 2022, providing scalable, adaptable solutions that support the integration of systems, operations, and processes. The organisation would benefit from the platform's most recent developments by receiving speedier business process automation, boosting agility, and providing more rapid solutions.
Global Market Size
USD 12.22 billion
Largest Segment
Tools
Fastest Growth
Tools
Growth Rate
13.5% CAGR
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Global Data Integration Market is segmented on the basis of component, deployment, organization size and region. By component, the market is segmented into tools and services. By deployment, the market is segmented into cloud and on-premises. By organization size, the market is segmented into large and small & medium. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Data Integration Market Analysis by Components
With over 70% of the worldwide revenue, the tools segment dominated the data integration market in 2022. Software tools play a crucial role in the high share since they enable the rapid deployment of data extraction, transformation, and loading solutions across a wide range of sectors. To handle and store several data sets from various sources in one database, tools offer a central location. With the use of these technologies, data can be mapped, designed, cleaned up, transformed, and stored both on-site and in the cloud.
It is anticipated that the service segment would have significant expansion during the projection period. Services provide the abilities and information necessary to compile data from various sources into a single database. It also improves efficiency, decreases the likelihood of fraud and human mistake, and processes massive amounts of data quickly. Professional service providers provide consultation, instruction, and technical support, while managed service providers take care of infrastructure upkeep and handle complex processes, enabling businesses to make the most of technology.
Data Integration Market Analysis by Deployment
Over 66% of total revenue in 2022 came from the on-premises sector. The high share can be due to on-premises data integration software's capacity to mix data from various on-premises sources that manage integrations using in-house software, regardless of its structure, nature, or volume. Data consistency across the local network and cloud is monitored by a data replication tool that is part of the software. On-premises data integration solutions allow for the unification of data from diverse on-premises software systems. One of the business's actual offices is the location for an on-premises data integration system. For instance, in August 2022, Equalum LTD., a provider of data integration platforms and data ingestion solutions, reported a raising of USD 14 million in a series C round.
The cloud market will experience rapid expansion over the next few years. The primary objective of cloud platforms is to establish unified data storage that all users and applications can efficiently and transparently access. For the purpose of real-time data transmission, cloud data integration refers to the technology and solutions that connect diverse systems, IT environments, repositories, and applications. Data from several systems, where the endpoint is a cloud source, are combined in this process.
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By accounting for more than 39% of worldwide revenue in 2022, North America will lead the market. The market is expanding due to developed nations like the U.S. and Canada. The area is embracing more advanced and cutting-edge technologies due to the rising usage of digital tactics. Expanding technological innovations in the region are key elements encouraging market growth in North America. The increasing market will benefit from the increase in firms engaged in global data integration.
From 2022 to 2030, Asia Pacific is predicted to have the fastest CAGR, at 15.4%. The leading players are focusing on extending their product lines, upping investments, and building strategic alliances to accomplish both straightforward and dependable functionality. The industry is expected to expand as long as regional e-commerce trade keeps expanding as a result of these and other initiatives that have been put in place. For example, in July 2022, Boomi, LP., a provider of data integration platforms, increased the scope of its cloud data integration capabilities in Japan. The business invested in the Japanese market to meet the region's growing demand for business automation and data integration solutions that would scale its operations for customers there.
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Data Integration Market Drivers
Emergence of Big Data Analytics to Bolster market growth
Data Integration Market Restraints
Complexity of Data Sources and Formats to Hinder market growth
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By allowing market players to share ideas, advance their technology, and improve their internal capabilities, more mergers and acquisitions and collaborations are anticipated to maximize the environmental and financial benefits for them.
Data Integration Market Top Player’s Company Profiles
Data Integration Market Recent Developments
In January 2024, FPT Software, a top IT firm globally, partnered with Fivetran, a leading data integration company, aiming to boost cloud and data integration and speed up digital transformation. Their collaboration first focuses on customers in the Asia Pacific region, with plans to extend to the United Arab Emirates.
In February 2024, EY combined with Dell Advancements to establish the EY Edge Technologies Lab, expecting to speed up the use of data and improve its worth.
In October 2023, NTT DATA, Inc., a prominent supplier of global technology services, announced its refreshed global operating model and disclosed its new executive leadership team, scheduled to start in April 2024. This integration with NTT Ltd. highlights our firm commitment to maintaining leadership in the IT and technology industries.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global data integration market is experiencing significant growth and is poised for further expansion. Data integration refers to the process of combining data from different sources to create a unified and comprehensive view. It enables organizations to extract valuable insights, make informed decisions, and drive operational efficiency. The data integration market has witnessed substantial growth driven by factors such as the proliferation of data sources, the growing adoption of cloud computing, the rise of big data analytics, and the need for data-driven decision-making. Organizations across industries are recognizing the importance of integrating and harmonizing their data to gain valuable insights and enhance operational efficiency.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.22 billion |
Market size value in 2031 | USD 38.20 billion |
Growth Rate | 13.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Data Integration Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Data Integration Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Data Integration Market:
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Product ID: SQMIG45C2037