According to the report, the global Data Integration Market size was valued at USD 12.08 billion in 2023. It is projected to reach from USD 13.43 billion in 2024 to USD 31.53 billion by 2032, growing at a CAGR of 11.25% during the forecast period (2024–2032).
Size, Share, Growth, Key Trends and Opportunities:-
Straits Research has published a new report titled "Data Integration Market: Information by Component (Tools, Services), Deployment (On-Premise, Cloud), Enterprise Size (SME, Large Enterprise), Business Application, Industry Vertical, and Region — Forecast till 2032."
According to the report, the global Data Integration Market size was valued at USD 12.08 billion in 2023. It is projected to reach from USD 13.43 billion in 2024 to USD 31.53 billion by 2032, growing at a CAGR of 11.25% during the forecast period (2024–2032).
Market Key Trends
The increasing need for real-time data integration and analytics, rising demand for cloud-based data integration solutions, and growing adoption of big data and IoT technologies are some of the key trends driving the growth of the data integration market.
Driving Factors
The growth of the data integration market is driven by factors such as:
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The increasing need for real-time data integration and analytics
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The rising demand for cloud-based data integration solutions
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The growing adoption of big data and IoT technologies
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The need for better decision-making and improved business outcomes
Opportunities
The data integration market presents several opportunities for growth, including:
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The increasing adoption of cloud-based data integration solutions
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The growing demand for real-time data integration and analytics
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The rising need for better decision-making and improved business outcomes
Data Integration Market Market Segmentation
The data integration market can be segmented into several categories, including:
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By Component: Tools, Services (Professional Services, Managed Services)
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By Deployment: On-Premise, Cloud
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By Enterprise Size: Small and Medium Enterprise (SME), Large Enterprise
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By Business Application: Marketing, Sales, Operations and Supply Chain, Finance, HR
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By Industry Vertical: IT and Telecom, BFSI, Healthcare, Manufacturing, Retail and E-commerce, Government and Defense, Others
List of Key Players
Some of the key players operating in the data integration market include:
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Informatica Inc.
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International Business Machines Corp.
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SAP
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Oracle
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Talend
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SAS Institute Inc.
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Microsoft
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TIBCO Software Inc.
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QlikTech International AB
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Denodo Technologies
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Syncsort Incorporated
Conclusion
The data integration market is expected to grow significantly over the forecast period, driven by the increasing need for real-time data integration and analytics, rising demand for cloud-based data integration solutions, and growing adoption of big data and IoT technologies. The market presents several opportunities for growth, including the increasing adoption of cloud-based data integration solutions and the growing demand for real-time data integration and analytics.
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