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Increasing Volume of Data Being Generated to Expand Enterprise Data Integration Market 2024

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International-Industry -News
Increasing Volume of Data Being Generated to Expand Enterprise Data Integration Market 2024

Enterprise Data Integration Market

The Global Enterprise Data Integration Market is slated to reach a valuation of USD 3.90 billion by 2024, recording a CAGR of 12.6% over the forecast period of 2019–2024.

Drivers and Restraints

the growing adoption of cloud computing and rising requirement of business analytics are assessed as some of the major driving factors are the expansion of the global enterprise data integration market over the review period. moreover, cloud computing is being utilised to capture various types of information from different devices and sources that are employed in industries and stored in a data warehouse or data centers. The enterprise data integration augments the efficiency of the overall system and saves time to extract the information from an extensive database. On the other hand, lack of expertise and standardization among the enterprises are some of the factors which are slated to hinder the growth of the market.

Segmental Analysis

The global market for enterprise data integration has been segmented based on deployment, component, business application, organization size, end user, and region.

Based on the component, the global market has been bifurcated into software/tools, and services. The service segment is sub segmented as managed services and professional services. Based on the deployment, the market has been bifurcated into cloud-based and on-premise. Based on the organization size, the global market for enterprise data integration has been bifurcated into large enterprises and SMEs. Based on the business application, the market has been segmented into finance, sales, marketing, operations, and human resources. Based on the end-user, the market has been segmented into BFSI, healthcare, manufacturing, IT and Telecom, retail,media and entertainment, energy and utilities, and others.

Regional Analysis: 

The geographical analysis of the enterprise data integration market has been covered in this report for four regions, namely North America, Asia Pacific, Europe, and the Rest of the World (RoW). A detailed study of these regional segments on the basis of countries is also offered for presenting actionable intelligence. Due to early adoption of the technology, North America dominated the market place in 2018. It is presumed to maintain its hold over a substantial share of the enterprise data integration market across the assessment period. It can be attributed to rising installation of data centers and consolidation of key market players. The U.S. is presumed to dominate the enterprise data integration market. Increasing number of enterprises moving towards installation of software for data integration is supposed to accelerate the revenue growth of the enterprise data integration market.

Competitive Dashboard:

IBM Corporation (US), Oracle Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Informatica Corporation (US), SAS Institute Inc. (US), Talend Inc. (US), Information Builders Inc. (US), Cisco Systems, Inc. (US), Actian Corporation (US), Pitney Bowes Inc. (US), Syncsort Incorporated (US), Denodo Technologies (US), HVR Software Inc. (US), and Attunity Ltd. (US) are the key players of the enterprise data integration market.

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