Data integration market size to grow by USD 8,505.71 million from 2022 to 2027|High need for data integration drives growth - Technavio
NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The data integration market size is estimated to increase by USD 8,505.71 million from 2022 to 2027. The market will accelerate at a CAGR of 11.42%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.
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The data integration market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -
Adeptia Inc., Alphabet Inc., Cisco Systems Inc., Denodo Technologies Inc., HCL Technologies Ltd., Hevo Data Inc., Hitachi Ltd., Informatica Inc., International Business Machines Corp., Jitterbit Inc., Microsoft Corp., Oracle Corp., Precisely, QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, Talend Inc, and TIBCO Software Inc.
Data integration market - Segmentation
This data integration market report extensively covers market segmentation by end-user (IT and telecom, healthcare, BFSI, government, and defense, and others), component (tools and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
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Data integration market - Market Dynamics
The high need for data integration drives the growth of the global data integration market. Companies integrate enterprise application integration (EAI) systems to begin a cost-effective solution. These cost-effective solutions have the ability to transform heterogeneous applications into a common, recognizable platform.
Furthermore, data integration enables organizations to check, transform, and deliver data, understand business processes, as well as bridge the gap between businesses and IT needs. Hence, factors such as the high need for data integration, mixed with the increasing data volumes across enterprises, are boosting the growth of the global data integration market during the forecast period.
The growing adoption of cloud-based integration solutions is an emerging data integration market trend. Organizations use these solutions to modernize their IT infrastructure by providing cost-effective and adaptable solutions. Furthermore, these services enable enterprises to exchange data within or outside enterprises for commercial applications.
There are two ways to deploy cloud-based integration services. Integration platform-as-a-service (iPaaS) and data platform-as-a-service (dPaaS) are the two ways to deploy them. Thus, factors like the raised adoption of cloud-based integration solutions are one of the major trends that will boost the growth of the global data integration market during the forecast period.
The lack of comprehensive integration strategies challenges the growth of the global data integration market. Assuming chief information officers (CIOs) miss the mark on comprehensive integration strategy to smooth out business processes. They can pose a customized solution for each new business challenge, prompting a heterogeneous environment that is not only difficult to manage.
However, they are expensive to maintain. Thus, factors such as the lack of a comprehensive integration strategy may create a threat to the successful implementation of enterprise application integration, which will impede the growth of the global data integration market during the forecast period.
Data integration market - Regional Analysis
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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