Press release
Data Integration Market Size Forecasted To Achieve $25.69 Billion By 2029 With Steady Growth
Data Integration
What Is the Data Integration Market Size and Projected Growth Rate?
The size of the data integration market has been witnessing substantial growth in the recent past. The market is projected to expand from $13.97 billion in 2024 to $15.22 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. Factors such as globalization and the spread of data sources, an emphasis on data quality and master data management, the rise of self-service data integration, the increasing intricacy of IT environments, and the evolution of data warehousing have all contributed to the growth during the historical period.
The size of the data integration market is anticipated to witness a swift expansion in the coming few years. It is projected to escalate to $25.69 billion in 2029, experiencing a compound annual growth rate (CAGR) of 14.0%. The surge during the projected period can be ascribed to the progress in industry-specific requirements, emphasis on consumer satisfaction and experience, worldwide legislative and governance factors, constant enhancement and focus on analytics, alignment with devops methods, compliance with data privacy norms, integration of edge computing, concentration on customer experience and insights, real-time data integration, and diversity of data sources. The predominant trends during the forecast period include vendor amalgamation and platform offerings, globalization and data integration problems, event-driven design, focus on data privacy and security, and architecture of containerization and microservices.
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What Are the Major Segments in the Data Integration Market?
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
Subsegments:
1) By Tools: Data Integration Software, ETL (Extract, Transform, Load) Tools, Data Quality Tools, Data Governance Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
3) By Professional Services: Strategy And Planning Services, Training And Education Services, Custom Development Services
4) By Managed Services: Data Integration Management, Ongoing Support Services, Performance Monitoring Services
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What Are The Driving Data Integration Market Evolution?
The surge in big data technologies is anticipated to fuel the growth of the data integration market. The demand for big data technologies is increasing thanks to the requirement to manage vast, diverse, and fast-paced data and empower decision-makers to minimize risk, uncover novel insights, and enhance decision-making. This surge in big data technologies is going to generate an enormous demand for data integration since it is a vital aspect of big data technologies and a necessary step prior to analyzing big data for insights. Data integration collates data in a straightforward and consolidated way that facilitates easy analysis during the use of big data technologies. For instance, in December 2022, Capgemini, a French based information technology company, announced that according to reports, 27% of business executives believe their company's Big Data initiatives are profitable. Hence, the surge in big data technologies is set to boost the growth of the data integration market.
Which Firms Dominate The Data Integration Market Segments?
Major companies operating in the data integration market include 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
What Trends Are Expected to Dominate the Data Integration Market in the Next 5 Years?
The proliferation of technology is a prominent trend rising to the fore in the data integration marketplace. The adoption of cutting-edge technologies ranging from data warehousing, data virtualization, artificial intelligence (AI), machine learning (ML), among others, is being noticed across the market. These superior data integration instruments enhance efficiencies, pave the way for advanced automation, grant ease of operation, and offer a flexible approach which enhances multiple applications. Leading corporations within the data integration market are honing in on delivering intricate and technologically upgraded data integration services and solutions to consolidate their market standing. To illustrate, Airbyte, an American tech firm that is an expert in data integration, unveiled Airbyte 1.0 and Airbyte Self-Managed Enterprise GA in September 2024. The launch marked the introduction of novel innovations such as an AI-powered connector builder to facilitate swift creation of custom data connectors, along with the first-ever Connector Marketplace that comes preloaded with over 300 data connectors ready for integration.
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Which Is The Largest Region In The Data Integration Market?
North America was the largest region in the data integration market in 2024. The regions covered in the data integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Data Integration Market?
2. What is the CAGR expected in the Data Integration Market?
3. What Are the Key Innovations Transforming the Data Integration Industry?
4. Which Region Is Leading the Data Integration Market?
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