Pune, India, May 11, 2022 (GLOBE NEWSWIRE) -- The global data integration and integrity software market size was valued at USD 10.75 billion in 2021. The market is projected to grow from USD 11.94 billion in 2022 to USD 29.16 billion by 2029, exhibiting a CAGR of 13.6% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Data Integration and Integrity Software Market, 2022-2029.”
Key Industry Development:
July 2021: Microsoft Corporation presented data integration wave 1 Microsoft Power Platform. It is utilized to democratize data for business users to flawlessly extract, transform, and load data into Microsoft Dataverse and Azure Data platforms. It permits businesses with novel insights and refines data export services by augmenting the gateway for enterprises.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 13.6% |
| 2029 Value Projection | USD 29.16 Billion |
| Base Year | 2021 |
| Data Integration and Integrity Software Market Size in 2021 | USD 10.75 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 160 |
| Segments covered | Component, Deployment, Enterprise Size, End-Use and Geography |
| Data Integration and Integrity Software Market Growth Drivers | Hybrid Working Culture Amid COVID-19 to Spur Demand for Data Integration and Integrity Solution |
| Service Segment to Hold Largest Market Share during the Forecast Period | |
| Moving Concentration of Enterprises Toward Upholding Data Integrity to Foster Growth |
Hybrid Working Culture Amid COVID-19 to Spur Demand for Data Integration and Integrity Solution
The progress of numerous forthcoming IT projects is predicted to bolster the implementation of data integration and integrity software between end-users. Key players are fixated on accomplishing several business tactics to deal with COVID-19 and offer cutting-edge software and services for their users. Witnessing the business notions of the prime players in response to COVID-19, it is more possible that the data integration and integrity software would safeguard to observe an increasing demand, owing to the intensifying adoption of cloud services.
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Drivers and Restraints:
Moving Concentration of Enterprises Toward Upholding Data Integrity to Foster Growth
Establishments implement data integration tools throughout numerous applications and systems that aid digital transformations. Hence, organizations are fluctuating their emphasis from creating better tools to manage, move, and store data more efficiently to maximize the tactical role of data in driving innovation, inaugurating stronger customer relationships, dealing with creative problems, and modifying business strategies.
However, data integrity can be endangered by human mistake or even worse, spiteful activities. Hackers can negotiate or even mistakenly damage the modified data while transferring it from one device to another. This is expected to hinder the data integration and integrity software market growth.
Segments:
Service Segment to Hold Largest Market Share during the Forecast Period
The global market of data integration and integrity software is classified into tools (solutions) and services based on component. The services segment is predicted to lead the market during the forecast period.
Cloud-based Data Integration Software to Lead Market
Based on deployment, the market is divided into cloud and on-premises. The pandemic has triggered more hindrances for IT teams to address remote workforces and assist scalable infrastructure for their products and service offerings.
Large Enterprises across End-users to be Possible Customers of Integrity Solutions
Large enterprises have to compulsorily scale their infrastructure to address the necessities and fulfil novel requirements raised by the remote working employees. Also, enterprises require to preserve infrastructure assistance for their services and products.
IT & Telecom Segment to Lead Backed by Requirement to Obtain Insights
By end-user, the data integration and integrity software market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecom, government, and others. BFSI and government are projected to be the fastest-developing segments.
Geographically, the market is fragmented into five major regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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Report Coverage:
The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.
Regional Insights:
North America to Dominate Backed by Rising Investment in Technology by Leading Players
North America held the largest data integration and integrity software market share. The market in North America is varied, owing to surging technology investment by the dominating players and prompt deployment of progressive technologies, such as cloud computing, IoT, and AI, to automate the business courses.
Asia Pacific has numerous small and dominating players, owing to which the market is greatly fragmented. Data integration service providers and numerous global companies are extending their footprint in this region due to increasing demand from end-user industries.
Owing to the COVID-19 pandemic, players in European nations have generated investments in various digitalizing industries, such as healthcare, manufacturing, and retail, to offer a unified consumer experience.
List of Key Players Mentioned in the Report:
- Informatica LLC (U.S.)
- IBM Corporation (U.S.)
- SAP SE (Germany)
- Oracle Corporation (U.S.)
- Talend (U.S.)
- SAS Institute Inc. (U.S.)
- Denodo Technologies (U.S.)
- Microsoft Corporation (U.S.)
- QlikTech International AB (U.S.)
- TIBCO Software Inc. (U.S.)
- Precisely (U.S.)
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Major Table of Contents:
- Global Data Integration and Integrity Software Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Component (USD)
- Tools (Solutions)
- Services
- By Deployment (USD)
- On-Premises
- Cloud
- By Enterprise Size (USD)
- Large Enterprises
- Small and Medium Enterprises
- By End-user (USD)
- Banking, financial services and insurance (BFSI)
- Healthcare
- Manufacturing
- Retail
- IT & Telecom
- Government
- Others
- By Region (USD)
- North America
- Europe
- Middle East & Africa
- Asia Pacific
- Latin America
- North America Data Integration and Integrity Software Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Component (USD)
- Tools (Solutions)
- Services
- By Deployment (USD)
- On-Premises
- Cloud
- By Enterprise Size (USD)
- Large Enterprises
- Small and Medium Enterprises
- Data Integration and Integrity Software Market by End-user (USD)
- Banking, financial services and insurance (BFSI)
- Healthcare
- Manufacturing
- Retail
- IT & Telecom
- Government
- Others
- By Country (USD)
- United States (By End-user)
- Canada (By End-user)
- Mexico (By End-user)
- Europe Data Integration and Integrity Software Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Component (USD)
- Tools (Solutions)
- Services
- By Deployment (USD)
- On-Premises
- Cloud
- By Enterprise Size (USD)
- Large Enterprises
- Small and Medium Enterprises
- By End-user (USD)
- Banking, financial services and insurance (BFSI)
- Healthcare
- Manufacturing
- Retail
- IT & Telecom
- Government
- Others
- By Country (USD)
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
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