The global Data
Integration Market size to grow from USD 11.6 billion in 2021 to USD 19.6
billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the
forecast period according to report published by
MarketsandMarkets. Various factors such
as rise in big data technologies and cloud computing technologies, increasing
amount of on-cloud data and incapability of traditional data management tools
are expected to drive the adoption of data integration solutions and services.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61793560
The
services segment to hold higher CAGR during the forecast period
Based on components, the data integration market is
segmented into software and services. The services segment has been further
divided into professional and managed services. These services play a vital
role in the functioning of data integration, as well as ensure faster and
smoother implementation that maximizes the value of the enterprise investments.
The growing adoption of data integration is expected to boost the adoption of
professional and managed services. Professional service providers have deep
knowledge related to the products and enable customers to focus on the core
business, while MSPs help customers improve business operations and cut expenses.
The
marketing business application to hold the largest market size during the
forecast period
With the advent of IoT and mobile technologies, the massive
amount of data (big data in most cases) has compelled marketers to deploy tools
and practices that can help them make sense of this data. Data integration
supports this requirement by providing marketers a platform to consolidate the
data captured from various sources into a useful format ready for analysis.
Data integration enables marketers to integrate all their data collected from
different marketing channels and feed it into an analysis tool that can analyze
and extract relevant information for them. By using data integration tools,
marketers can develop a customer-centric view and target their marketing
efforts more precisely instead of dealing with different marketing channels
against channel-specific metrics.
Healthcare
and life sciences segment to have the largest market size during the forecast
period
The data integration market by vertical has been
categorized into banking, financial services, and insurance, retail and
consumer goods, media and entertainment, IT and telecom, healthcare and life
sciences, Government and defense, energy and utilities, and manufacturing. The
healthcare and life sciences vertical is expected to have the largest market
size during the forecast period. The healthcare and life sciences vertical has
always been overloaded with data, chiefly from patient, clinical, claim,
hospital system, financial, pharmacy, and most recently from wearable
technology sources. Leveraging this data can help develop a bulletproof plan to
mitigate most of the existing diseases, improve patient care, develop new
medicines, and identify new diseases.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=61793560
APAC to
hold higher CAGR during the forecast period
The data integration market has been segmented into five
major regions: North America, Europe, APAC, Latin America, and MEA. APAC is
expected to grow at a good pace during the forecast period. The region will be
booming, as it is experiencing a lot of new entrepreneur setups, which would be
looking forward to acquiring new customers and gaining customer trust by
involving new paradigms of advanced analytics to have a competitive advantage
over the established players. China, India, and Japan have displayed ample
growth opportunities in the data integration market.
The
major vendors in the global data integration market include IBM(US),
Microsoft(US), SAP(Germany), Oracle(US), SAS Institute(US), Talend(US),
Informatica(US), Precisely(US), Software AG(Germany), Salesforce(US), Qlik(US),
and Tibco(US).
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean
alternative in growth consulting and program management, leveraging a
man-machine offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies, making us
proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence
of $25 trillion of new revenue streams that are substituting existing
revenue streams in this decade alone. We work with clients on growth programs,
helping them monetize this $25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market
Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we
work with several Forbes Global 2000 B2B companies - helping them stay relevant
in a disruptive ecosystem. Our insights and strategies are moulded by our
industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years
of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our
research, facilitates an analysis of interconnections through a set of
applications, helping clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit MarketsandMarkets™
or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
