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Data Integration Global Market Report 2024 - By Size, Share, Trends, Demand, Forecast To 2033
Data Integration Market
As per the report, 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 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%.
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Big Data Technologies' Surge Fuels Accelerated Growth In The Data Integration Market
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.
Rapid Technological Advancements Transforming The Data Integration Market Landscape
Technological advancement is a key trend gaining popularity in the data integration market. The market is witnessing the implementation of next-generation technologies into data integration such as data warehousing, data virtualization, artificial intelligence (AI), machine learning (ML), and others. The advanced data integration tools make the process even more effective, and enable advanced automation, ease of use, and flexible approach while enhancing multiple use cases. Major companies operating in the data integration market are focused on providing technologically advanced data integration solutions and services to strengthen their market position. For instance, in May 2021, TIBCO Software Inc., a US-based software company launched TIBCO Data Virtualization and TIBCO EBX technologies in its Unify data management portfolio, with groundbreaking advancements. These solutions significantly strengthen an organization's data fabric, allowing users to realize the immense potential of data. These solutions offer ease of use with no technical knowledge, offer a flexible approach, and enable users to unify, manage and innovate with the data.
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
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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
Contents of the report:
1. Executive Summary
2. Data Integration Market Report Structure
3. Data Integration Market Trends And Strategies
4. Data Integration Market - Macro Economic Scenario
5. Data Integration Market Size And Growth
…..
27. Data Integration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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