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Data Integration Market - The Growing Volume of Data Coupled With The Heterogeneity Involved
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Data integration involves various format and styles based on metadata, design tooling, and runtime architecture. An unprecedented rise in the adoption of cloud computing technologies is likely be a push factor for the data integration market over the forecast period. An opportunity lies for the market in the development of the ability to identify the type of data involved such as financial, product-related, marketing, and support systems. The growth of cloud-enabled technologies across various end-user industries is likely to create further opportunities for the data integration market. Data virtualization is one of the emerging trends that allow to access and visualize data without the help of any hardware storage systems. Software defined storage systems help to store data in an efficient way through developed cloud infrastructure. This in turn is likely to facilitate the growth of data integration market over the forecast period.
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The market is segregated by deployment model into the on-demand and on-premises categories. Owing to its ease of distribution, scalability, and cost efficiency, the on-demand segment is expected to register a rapid growth rate over the forecast period. Based on business usage, the data management market is segmented into the following divisions: sales, operations, marketing, human resources, and finance, Human resources are estimated to record a rapid growth rate owing to the acceptance of improved HR analytics such as workforce capital analytics and talent analytics for data integration which is vital for effective data analysis. Human resource-generated data includes talent acquisition data, workforce development data, compensation data, performance data, and portal data, all of which drive the data integration market. In terms of organizational size, the market is divided into the following segments: large enterprises and small & medium enterprises
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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