Data Integration Market Set to Soar Past USD 29.66 Billion by 2030
The global Data Integration market size is expected to reach USD 29.66 billion by 2030 and exhibit a CAGR of 13.5% in the forecast period (2023−2030), according to Skyquest’s latest research report. The escalating volume and complexity of data organizations generate necessitate seamless integration to derive meaningful insights and support decision-making. The increasing adoption of cloud computing and data migration to cloud platforms create demand for data integration solutions to connect on-premises and cloud-based systems, fueling the market’s growth.
Westford,USA, Feb. 05, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Data Integration market, increasing adoption of real-time data integration solutions to support instantaneous decision-making and enhance operational efficiency. The rising prominence of self-service data integration tools empowers non-technical users to integrate data, reducing IT dependency and accelerating data-driven initiatives are the trends that aid in the market’s growth.
Browse in-depth TOC on “Data Integration Market”
- Pages – 157
- Tables – 59
- Figures – 77
Data integration is the process of combining data from different sources into a single, unified view. This can be a complex task, especially when dealing with large and complex data sets. Data integration tools can help to automate this process and make it more efficient.
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Prominent Players in Data Integration Market
- Software AG
- Information Builders
- Cisco Systems
- SAS Institute
- HVR Software
- Pitney Bowes
- Dell Boomi
- Axon Data
Data Integration Tools Demand to Grow Substantially in the Forecast Period
Data integration tools dominate the global online market as it continue to evolve with innovations in data mapping, transformation, and connectivity capabilities. This makes them essential for addressing complex data integration challenges.
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Business Intelligence (BI) and Analytics is the Leading Application Segment
In terms of application, business intelligence (BI) and analytics is the leading segment as organizations across various industries increasingly invest in BI and analytics to gain actionable insights from their data. Effective data integration is essential for aggregating and harmonizing data from diverse sources, enabling better decision-making and data-driven strategies.
North America is the leading Market Due to Technological Advancements
Region-wise, North America is one of the largest growing markets with a significant emphasis on technological advancements. The United States and Canada have robust IT infrastructure and connectivity, essential for data integration processes. This infrastructure supports the implementation of data integration solutions in various industries.
A recent report thoroughly analyzes the major players operating within the Data Integration market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the significant players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Data Integration.
Key Developments in Data Integration Market
- Informatica Inc., a provider of data integration software and services to various enterprises, announced a strategic partnership with Oracle. The collaboration aims to enhance corporate connectivity and automation, facilitating the rapid modernization of APIs, applications, data, and business processes.
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Key Questions Answered in Data Integration Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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