(MENAFN- Ameliorate Digital Consultancy)
data integration software market outlook
By the end of 2032, the global market for data integration software, which is presently valued at US$ 5.7 billion, is anticipated to have grown by US$ 19.5 billion, at a CAGR of 13.9%.
The US accounts for 16.4% of the global market share held by the on-premises sector, which is 57.2% overall.
Data Integration Software Market Size (2022) US$ 5.7 Bn
Projected Market Value (2032) US$ 19.5 Bn
Global Market Growth Rate (2022-2032) 13.9% CAGR
Market Share of Top 4 Countries 32%
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The data integration software market refers to the industry surrounding software products and tools that are used to combine data from multiple sources into a single, unified view. This can include a wide range of products, such as data integration platforms, ETL (extract, transform, load) tools, data warehousing solutions, and more.
These products are used by a variety of organizations, including businesses, government agencies, and non-profits, to help them gain insights from their data and make more informed decisions. The market for data integration software is expected to grow in the coming years, driven by the increasing volume of data being generated and the need for more sophisticated tools to manage and analyze this data.
Rising need for products or services supporting digital transformation and ease in data management are the major factors driving the growth of Data Integration Software market.
Data integration is the process in which heterogeneous data is combined or retrieved from different sources to form a meaningful or valuable information. Data Integration primarily supports the analytical processing of large data sets by combining, aligning and merging each data set from different sources or organizational department. Data Integration is extremely useful in case of merging systems of two different companies to provide a unified view of company's data assets.
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Competitive Landscape
Key firms undertake strategic alliances and product development to expand their product offerings and gain a solid presence in the global data integration software market.
Data integration software providers have employed a variety of organic and inorganic growth techniques to increase their market offerings, including agreements and partnerships, new product releases, product upgrades, mergers and acquisitions, and business expansions.
Moreover, growing mergers and acquisitions and collaborations are projected to optimize economic and environmental advantages for market participants by allowing them to exchange ideas and improve their internal skills and technologies.
For example
. In May 2022, Informatica Inc., a provider of data integration software, teamed with the Oracle platform for corporate connectivity and automation, which swiftly modernizes APIs (application programming interface), data, applications, and business processes. The collaboration intends to offer cloud data integration and governance solutions for data science, data warehouses, and enterprise analytics. Customers of both organizations can automate their data by shifting on-premises operations to a cloud-based platform. They can also leverage their investments and existing skills while receiving insights from reliable data at scale.
. In June 2022, TIBCO Software Inc. revamped its platform TIBCO Analytics Forum (TAF) for its consumer base. The platform will assist organizations in connecting, unifying, and accurately forecasting business results. The platform will aid in data integration and solution portfolio expansion. This will bring in more new customers for the business.. In September 2021, Microsoft unveiled Azure Data Factory (ADF) to offer secure access to the data source and prevent data from being disclosed to the public internet.
. In May 2021, SAS strengthened its analytics and data performance foundation by introducing new data management capabilities into its cloud-native SASViya platform.
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Key Players
International Business Machines Corp.
SAP SE
Oracle Corporation
SAS Institute, Inc.
Cisco Systems, Inc.
Dell Boomi
Talend Inc.
Hitachi Vantara Corporation
Informatica LLC
Information Builders
Data Integration Software Industry Research Segmentation
By Deployment Type:
Cloud
On-premise
By Component Type:
Software
Services
By End User:
BFSI
IT and Telecom
Healthcare
Manufacturing
Government
Retail and consumer goods
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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