ID: MRFR/ICT/6830-HCR | February 2023 | Region: Global | 111 Pages
Market Synopsis
The Global Enterprise Data Integration Market is estimated to reach USD 3.90 billion by 2024, registering a CAGR of 12.6% during the forecast period of 2019–2024.
Enterprise data integration is defined as the merging of various business information from different sources. The data combined can be of structured and unstructured types. The information is then compiled into a single accessible interface making it readable and usable for the enterprises and organizations. The volume of the data which being generated from industries, enterprises, and organizations is increasing every day. Enterprise data integration offers appropriate solutions that allow the users to investigate this data, and merge the information in a consistent manner. Additionally, data integration also provides enterprises access to data from warehouse which is required to perform business analytics and business intelligence. Therefore, the rising adoption of cloud computing and increasing requirement of business analytics are considered as some of the major factors which are driving the growth of the global enterprise data integration market. Additionally, cloud computing is being used to capture various sort of information from different devices and sources which are used in industries and stored in a data warehouse or data centers. The enterprise data integration increases the efficiency of the overall system and saves time to extract the information from a large database. However, lack of expertise and standardization among the enterprises are some of the major factors which are hampering the growth of the market.
Segmentation
The global enterprise data integration market has been segmented based on component, deployment, organization size, business application, end user, and region.
By component, the market has been segmented into software/tools and services. The service segment is further segmented as managed services and professional services.
By deployment, the market has been segmented into cloud-based and on-premise
By organization size, the market has been segmented into large enterprises and SMEs.
By business application, the market has been segmented marketing, sales, operations, finance, and human resources.
By end-user, the market has been segmented into healthcare, BFSI, manufacturing, retail, IT and telecom, media and entertainment, energy and utilities, and others
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Enterprise Data Integration Market, 2017–2024 (USD Billion)
Source: MRFR Website
Regional Analysis
The global enterprise data integration market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of enterprise data integration has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).
North America held the largest market share in 2018 due to early adoption of the technology in the region and presence of various key players including IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., and others which are highly investing in the development of new solutions for the enterprise data integration. Moreover, the region has a well developed IT infrastructure that is also driving the growth of the market. The North America region has been further segmented based on the country into the US, Canada, Mexico. The US dominates the North America region due to increasing generation of data in the region and presence of various key players in the country.
Key Players
MRFR recognizes the key players in the global enterprise data integration market as IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), SAS Institute Inc. (US), Informatica Corporation (US), Talend Inc. (US), Cisco Systems, Inc. (US), Information Builders Inc. (US), Actian Corporation (US), Syncsort Incorporated (US), Pitney Bowes Inc. (US), Denodo Technologies (US), Attunity Ltd. (US), HVR Software Inc. (US) among others.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 3.90 Billion (2024) |
CAGR | 12.6% (2019-2024) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Component, by Deployment, by Organization Size |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), SAS Institute Inc. (US), Informatica Corporation (US), Talend Inc. (US), Cisco Systems, Inc. (US), Information Builders Inc. (US), Actian Corporation (US), Syncsort Incorporated (US), Pitney Bowes Inc. (US), Denodo Technologies (US), Attunity Ltd. (US), HVR Software Inc. (US) |
Key Market Opportunities | The region has a well developed IT infrastructure that is also driving the growth of the market. |
Key Market Drivers | The rising adoption of cloud computing and increasing requirement of business analytics are considered as some of the major factors which are driving the growth of the global enterprise data integration market. |
The enterprise data integration market can thrive at 13% CAGR by 2024.
The enterprise data integration market can value at USD 4 Bn by 2024.
Denodo Technologies (US), Pitney Bowes Inc. (US), Attunity Ltd. (US), and HVR Software Inc. (US) are some reputed names in the enterprise data integration market.
sales, marketing, finance, operations, and human resources are business applications of enterprise data integration.
In North America, the growing utility of enterprise data integration in the energy and utility sectors can boost the regional market.