Enterprise Data Integration Industry 2021, Global Key Players, Growth and Forecast To 2027
Posted: May 30, 2021
A New Market Study, titled "Enterprise Data Integration Industry Upcoming Trends, Growth Drivers and Challenges" has been featured on Market Research Future.
Enterprise Data Integration Industry 2020 is all set to attain a strong valuation of USD 3.90 billion by 2024, affirms Market Research Future (MRFR). MRFR also reckons that the market size can advance at a rate of 12.6% from 2019 to 2024, which is the assessment period. We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been studied in the report, which offers an in-depth analysis post the coronavirus disease outbreak.
The COVID-19 pandemic has given a massive boost to technological trends, which were already advancing tremendously in recent years. For instance, cloud services have gained more popularity now than ever before, post the SARS-CoV-2 outbreak. The impact of the COVID-19 outbreak has been notable, with the work-from-home model gaining traction to maintain business operations. Moreover, there has been a significant surge in traffic, be it on Zoom or Netflix due to the increasing online content consumption after the lockdown imposed in several countries.
The enterprise data integration solutions market has been a big gainer since the advent of the novel coronavirus, given the growth of cloud computing and the increased need for business analytics among enterprises. Moreover, since the onset of the pandemic, the Enterprise Data Integration Industry has observed an increase in acquisitions, mergers and partnerships between acclaimed players; strategies that the companies are leveraging to solidify their position.
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The enterprise data integration industry can be narrowed down to segments like component, deployment, organization size, business application as well as end user.
The key components analyzed in the market study are services and software/tools. The service types considered in the report are professional services and managed services.
The categories depending on deployment include cloud-based along with on-premise.
The organization size ranges included in the market research are large enterprises and small & medium enterprises/SMEs.
The business applications of data integration technology include sales, marketing, finance, human resources and operations.
Some of the key end-users in the worldwide market are manufacturing, energy and utilities, healthcare, retail, BFSI, media and entertainment, IT and Telecom, and more.
North America, APAC/Asia Pacific, Europe, and RoW/the rest of the world are the main markets for enterprise data integration.
North America is currently in the lead out of all the regions, given the high demand for integration tools among various industries to streamline and extract data. Technical advancements are quite frequent in the region, with high prevalence of technologies like IoT, big data, cloud computing, artificial intelligence, and more, which causes generation of massive volumes of data. A sizeable portion of the global tech giants is headquartered in North America, some of which include IBM Corporation, Oracle Corporation, Microsoft Corporation, and others, who offer a wide range of tools, software and services to enterprises. This presents a lucrative outlook for the Enterprise Data Integration Industry in the region.
Europe has clinched the second position in the global market, thanks to the large number of financial companies present in the region that are responsible for the generation of colossal volumes of data. The high number of research centers across the region also warrants major market growth. BFSI remains the top end-user in the regional market, while Germany remains at the vanguard of the business growth.
The fastest expansion rate can be procured by the APAC market, with the top growth boosters believed to be the increasing technology-based innovations and the surge in data generation in line with rising digitalization across industries. A majority of the players in the region are concentrating on building advanced data integration software and tools to cater to industries that desire to extract valuable data from the unorganized structure, leading to higher market expansion.
The RoW market, comprising the Middle East & Africa/MEA and South America, can advance at a notable rate in the ensuing years. The expanding industrial sector in the region and the increasing expenditure by the telecom and IT companies on data integration services and tools can benefit the market to a large extent. The RoW market is led by MEA, which can also attain the fastest expansion rate over the appraisal period.
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MRFR lists the prominent competitors in the market as Information Builders Inc. (US), Oracle Corporation (US), Pitney Bowes Inc. (US), HVR Software Inc. (US), SAS Institute Inc. (US), Informatica Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Denodo Technologies (US), IBM Corporation (US), Microsoft Corporation (US), Syncsort Incorporated (US), Actian Corporation (US), Attunity Ltd. (US), Talend Inc. (US), to mention a few.
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