Market Overview:
The Global Data Integration Market size is expected to grow from USD 10.34 billion in 2022 to USD 27.49 billion by 2030, at a CAGR of 13 % during the forecast period (2023-2030).
Data integration software combines data from several sources to provide users with a unified picture of the information. The need for diverse applications that can access, link, utilize, and integrate several heterogeneous information repositories and sources has increased dramatically in recent years (including knowledge bases, databases, file systems, information retrieval systems, digital libraries, and electronic mail systems). In the search for an ultimate information integration system for data integration and integrity software, a variety of strategies have been proposed and accepted.
Top Key Players in the Data Integration Market:
IBM(US), Microsoft (US), SAP(Germany), Oracle (US), SAS Institute (US), Talend (US), Informatica (US), Precisely (US), Software AG(Germany), Salesforce (US), Qlik (US), Tibco (US), and other major players.
Market Dynamics and Factors for Data Integration Market:
Drivers:
Big Data Technology Is Shaping Data Integration, Reflecting the Growth of the Market
Data Integration is a growing need for companies with massive customer and client bases. Organizations are encountering several issues in dealing with fast-rising data sources as their client base grows and they expand into new regions and industries. Organizations have begun to see the benefits of fully utilizing big data and are investing in big data technologies, including data integration, as a result of the introduction of big data technology. Internal data sources such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), financial transactions from various departments, and external data sources such as online and cloud data sources, which are establishing many information silos, are among the rising data sources.
Opportunities:
Growth in Cloud Computing Technology
The need for cloud computing technology is increasing every day because it enables enterprises to collect data from a variety of sources, including linked distant sensors, dispersed servers, and the web, and derive important business insights from it. Organizations require powerful big data integration solutions to gather and integrate this huge volume of data acquired from diverse internal and external sources, as well as to unite information silos. These technologies may quickly adapt to the needs of enterprises, allowing them to fully use their data pool by merging cloud data with on-premise data transported to the cloud.
Segmentation Analysis of the Data Integration Market:
- By Component, the Services segment is expected to dominate the market. This is because of the growing need to combine several heterogeneous data sources along with the rise of cloud computing, thereby creating demand for effective data integration tools and services.
- By Deployment Model, on-premises is likely to dominate in this area. On-premises, deployment is the most used method of opting for data integration service.
Regional Analysis of the Data Integration Market:
North America is expected to dominate the market during the forecast period. One of the primary driving drivers for the big data industry in the United States is the increase in data collected from unstructured sources. The high-demand sectors, such as public utilities, are responsible for the market's growth. As more government agencies use mobile, social media, and weblogs to do business, these apps and websites are responsible for creating massive amounts of data daily. This information is used to provide business insights and projections.
Key Industry Development:
- In March 2022, Thryv Australia, a Thryv Holdings, Inc. company, and Australia's leading digital, marketing, and directory services provider, deployed the Talend Data Fabric platform to transform its data infrastructure to improve productivity and speed-to-market, according to Talend, a global leader in data integration and data governance.
- In November 2021, Talend launched the Fall '21 edition of the main data integration and data integrity platform. The product showcases new service and packaging choices that can assist clients in implementing Talend data health principles across a variety of data settings. In addition, the new version includes tools to boost data professional efficiency as well as a packaging option that enables an inestimable number of rows and users.
