Europe data integration market will grow at a CAGR of 14.0% during the forecast period of 2022 to 2029.
Data Integration Market Dynamics
Drivers
- Increasing use of hybrid data integration
Hybrid data integration has been in use lately due to its ability to connect applications, data files, and business partners across cloud and on-premises systems. The purpose of using hybrid data for data integration is because hybrid data integration primarily focuses on deployment model element.
Increasing stringent regulations and compliance related to data integration
Data integration compliance program is a set of regulations or rules that a financial institution, companies such as large enterprises, small enterprises and medium enterprises must follow to prevent data loss.
- Growing demand for data integration tools and software
Financial institution, information technology, hospitals, telecom, military and defence industries deal with day-to-day data transfer which requires more protection due to privacy, sensitivity and confidentiality of data.
- Growing demand for application based integration
Application based integration has become an important part of data integration systems. Industry such as banking, medical, IT & Telecom, manufacturing, retail & consumer goods, media and entertainment prefer application based integration methods in order to keep an eye out for any suspicious transactions, financial crimes from customers. Application integration software combines and enhances data flows between two separate software’s applications
Opportunities
· Increasing adoption of data integration by various departments such as Operations, Finance
Data integration is the autonomous or semi-autonomous system that analyse data or content using sophisticated techniques and tools which is quite different from the traditional business intelligence. These analytics gives a deeper analysis with which the system predicts and generate recommendations
· Integration of AI, ML in developing data integration solutions
Data integration has become a very important data transferring method for analysis of data by companies to derive meaningful analysis from historic raw data. According to the survey, data integration is estimated to be used by 65% of companies globally. There are various other issues such as data loss, signal distortion, storage capacity of platforms used for data integration.
Market Analysis and Insights
Data integration compliance program is a set of regulations or rules that a financial institution, companies such as large enterprises, small enterprises and medium enterprises must follow to prevent data loss. The various issues related to data integration are compelling the government and various authorities to increase the regulation due to data threats involved in data transfer.
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Global Data Integration Market Scope
The data integration market is segmented on the basis of offering, business application, enterprise size, deployment mode, vertical deployment mode and vertical as referenced above.
Offering
- Tools
- Services
On the basis of offering, the global data integration market is segmented into tools and services.
Business Application
- Sales
- Marketing
- Operations
- Finance
- Human Resources
On the basis of business application, the global data integration market is segmented into sales, marketing, operations, finance and human resources.
Enterprise Size
- Large Enterprises
- Medium Enterprises
- Small Enterprises
Deployment Mode
- Cloud
- On-Premises
Vertical
- IT& Telecom
- Healthcare & Life Sciences
- Retail & Consumer Goods, Media & Entertainment
- BFSI, Energy & Utilities
- Government & Defense
- Others
On the basis of vertical, the global data integration market is segmented into IT & telecom, healthcare & life sciences, retail & consumer goods, media & entertainment, BFSI, energy & utilities, government & defense, and others.
Competitive Landscape and Data Integration Market Share Analysis
The Data integration market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the Data integration market.
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Analysis & Insights
Ø Chapter Four: Market Scope
Ø Chapter Five: Market Share Analysis
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