Enterprise Data Integration Market Research Report: Information By Component (Software, Services), By Deployment (Cloud-based, On-Premise), By Organization Size (Large Enterprise, SMEs), By Business Application (Marketing, Sales, Operations, Finance, Human Resources) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.
ID: MRFR/ICT/6830-HCR | 111 Pages | Author: Ankit Gupta | October 2023
Speak to Analyst
Request a Free Sample
Enterprise Data Integration Market Overview
Enterprise Data Integration Market Size was valued at USD 9.3 billion in 2022. The Enterprise Data Integration market industry is projected to grow from USD 10.4346 Billion in 2023 to USD 26.20708159 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.20% during the forecast period (2023 - 2032). Increased health difficulties and worries, leading to costly operations and obesity in children, healthier and more balanced diets are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Enterprise Data Integration Market Trends
Growing demand for data integration tools and software is driving the market growth
The financial institutions, information technology, hospitals, telecom, military and defense industries deal with day-to-day data transfer, which requires more protection due to privacy, sensitivity and confidentiality of data. Data integration tools used in financial institutions leverage data in motion to drive personalized customer experiences, proactively mitigate cyber risks and drive regulatory compliances. Data lakes are used in data integration for real-time analytics and fraud detection. Data are integrated into modern cloud-based services for data visualization and reporting. These tools also help analyze transactions in real-time to detect fraudulent transactions and send notifications. This factor drives the Market CAGR.
Additionally, hybrid data integration has been used 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 elements. Data integration has become a major network and data transfer solution from source to destination. Every year billions of dollars are transferred, and those data are being protected with data integration software implemented in systems. A 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.
Furthermore, application based integration has become an important part of data integration systems. Industry such as banking, medicine, IT & Telecom, manufacturing, retail & consumer goods, media and entertainment prefer application-based integration methods to monitor suspicious transactions and financial crimes from customers. Application integration software combines and enhances data flows between two separate software applications. Businesses often use application integration software to bridge a new cloud application and an older application hosted on-premise, enabling a wide range of independently designed applications to work together. Thus, driving the Enterprise Data Integration market revenue.
Enterprise Data Integration Market Segment Insights
Enterprise Data Integration Component Insights
Based on components, the enterprise data integration market segment includes software and services. The software segment dominated the market because software is the essential component of enterprise data integration solutions, providing the tools and functionality for integrating data from disparate sources.
Figure1: Enterprise Data Integration Market, by Component, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Enterprise Data Integration Deployment Insights
Based on deployment, the enterprise data integration market segmentation includes cloud-based, on-premise. The cloud-based segment dominated the market because cloud-based data integration solutions offer several advantages over on-premises solutions.Cloud-based solutions are typically more cost-effective than on-premises solutions, as organizations do not have to invest in hardware and software.Cloud-based solutions are typically easier to use than on-premise solutions, as they do not require specialized IT skills.
Enterprise Data Integration Organization Size Insights
Based on organization size, the enterprise data integration market segmentation includes cloud-based, on-premise. The cloud-based segment dominated the market because large enterprises typically have a large volume of data that needs to be integrated, and they have the resources to invest in enterprise data integration solutions. This data can come from various sources, such as customer relationship management (CRM) systems, enterprise resource planning (ERP) systems, and financial systems.
Enterprise Data Integration Business Application Insights
The enterprise data integration market segmentation, based on business applications, includes marketing, sales, operations, finance, and human resources. The marketing segment dominated the market because marketing is one of the most data-intensive areas of an organization, and there is a growing need to integrate data from various sources, such as customer relationship management (CRM) systems, website analytics, and social media platforms. This means that a large volume of data needs to be integrated to make informed decisions about marketing campaigns.
Enterprise Data Integration Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Enterprise Data Integration market will dominate this market due to its ability to connect applications, data files and business partners across cloud and on-premises systems, which will boost market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBAL ENTERPRISE DATA INTEGRATION MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Enterprise Data Integration market accounts for the second-largest market share due to 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 and the growth of the country in the data integration market. Further, the German Enterprise Data Integration market held the largest market share, and the UK Enterprise Data Integration market was the fastest-growing market in the European Region.
The Asia-Pacific Enterprise Data Integration Market is expected to grow fastest from 2023 to 2032. This is due to highly investing in developing new solutions for enterprise data integration. The region has a well-developed IT infrastructure driving the market's growth. Moreover, China’s Enterprise Data Integration market held the largest market share, and the Indian Enterprise Data Integration market was the fastest-growing market in the Asia-Pacific region.
Enterprise Data Integration Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Enterprise Data Integration market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Enterprise Data Integration industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Enterprise Data Integration industry to benefit clients and increase the market sector. In recent years, the Enterprise Data Integration industry has offered some of the most significant advantages to medicine. Major players in the Enterprise Data Integration market, includingIBM 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)., and others, are attempting to increase market demand by investing in research and development operations.
Qliktech International AB provides software products and services. The Company designs and develops business intelligence software that allows users to explore, share, and combine data.QlikTech International AB announced the closure of the acquisition of Talend to expand the Company's capabilities with access to trusted data. With the acquisition, the Company aims to provide various product offerings, investments in innovation, and enhanced customer services.
Precisely Holdings, LLC, doing business precisely, is a software company specializing in data integrity tools and providing big data, high-speed sorting, ETL, data integration, data quality, data enrichment, and location intelligence offerings.Precisely announced collaboration with customers worldwide to provide trusted data with effects of Environmental, Social, and Governance (ESG) reporting. The Company is offering its customers the data per ESG metrics and in compliance with the industry regulations.
Key Companies in the Enterprise Data Integration market include
-
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)
Enterprise Data Integration Industry Developments
March 2022: KaraMD announced Pure Health Apple Cider Vinegar Gummies, a vegan gummy to aid ketosis, digestion regulation, and weight management and encourage greater energy levels.
January 2022:Solace Nutrition, a US-based medical nutrition company, bought R-Kane Nutritionals' assets for an unknown sum. This asset acquisition enables Solace Nutrition to develop synergy between brands, accelerate growth, and establish a position in an adjacent nutrition sector. R-Kane Nutritionals is a firm established in the United States specializing in high-protein meal replacement products for weight loss.
February 2021:Hydroxycut's newest creation, CUT Energy, a delectable clean energy drink, was released. This powerful mix was carefully formulated for regular energy drink consumers, exercise enthusiasts, and dieters looking to lose weight.
Enterprise Data Integration Market Segmentation
Enterprise Data Integration Component Outlook
-
Software
-
Services
Enterprise Data Integration Deployment Outlook
-
Cloud-based
-
On-Premise
Enterprise Data Integration Organization Size Outlook
-
Large Enterprise
-
SMEs
Enterprise Data Integration Business Application Outlook
-
Marketing
-
Sales
-
Operations
-
Finance
-
Human Resources
Enterprise Data Integration Regional Outlook
-
North America
-
US
-
Canada
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Report Scope:
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 9.3 billion |
| Market Size 2023 | USD 10.4346 billion |
| Market Size 2032 | USD 26.20708159 billion |
| Compound Annual Growth Rate (CAGR) | 12.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Deployment, Organization Size, Business Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â 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) |
| Key Market Opportunities | Obesity in children, healthier and more balanced diets |
| Key Market Dynamics | Increase in health difficulties and worries, leading to costly operations |
Frequently Asked Questions (FAQ) :
The Enterprise Data Integration market size was valued at USD 9.3 Billion in 2022.
The market is projected to grow at a CAGR of 12.20% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market areIBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), SAS Institute Inc. (US), Informatica Corporation (US), and Talend Inc. (US).
The Software category dominated the market in 2022.
Cloud-based had the largest share in the market.
Key Questions Answered
- ✅Global Market Outlook
- ✅In-depth analysis of global and regional trends
- ✅Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅To understand the capability of the major players based on products offered, financials, and strategies.
- ✅Identify disrupting products, companies, and trends.
- ✅To identify opportunities in the market.
- ✅Analyze the key challenges in the market.
- ✅Analyze the regional penetration of players, products, and services in the market.
- ✅Comparison of major players’ financial performance.
- ✅Evaluate strategies adopted by major players.
- ✅Recommendations
Why Choose Market Research Future?
- ✅Vigorous research methodologies for specific market.
- ✅Knowledge partners across the globe
- ✅Large network of partner consultants.
- ✅Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- ✅Trusted by fortune 500 companies/startups/universities/organizations
- ✅Large database of 5000+ markets reports.
- ✅Effective and prompt pre- and post-sales support.
Leading companies partner with us for data-driven Insights.
