Global Data Integration Software Market

Data Integration Software Market Size, Share, Growth Analysis, By Deployment Model(On-Premises and Cloud), By Application(Marketing, Sales, Operation, Finance and HR), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2094 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 65

Data Integration Software Market News

  • In May 2022, Informatica Inc., a provider of data integration software and services to various enterprises, announced a strategic partnership with Oracle. The collaboration aims to enhance corporate connectivity and automation, facilitating the rapid modernization of APIs, applications, data, and business processes. The primary focus is on delivering cloud data integration and governance solutions for enterprise analytics, data warehouses, and data science. Through this partnership, customers of both companies can easily automate data migration from on-premises to cloud-based platforms. They can leverage their existing skills and investments while benefiting from reliable, scalable data insights.
  • In August 2022, Software AG, a leading provider of enterprise integration software solutions, completed the acquisition of StreamSets, a U.S.-based company renowned for its data integration platform. StreamSets' platform empowers users to build, deploy, design, and operate smart data pipelines. This strategic acquisition enables Software AG to expand its product portfolio by entering the cloud data integration market. Moreover, it strengthens their business scalability, enhances data integration services for customers, and extends their presence in the North American market.
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Data Integration Software Market size was valued at USD 11.78 billion in 2022 and is poised to grow from USD 34.83 billion in 2023 to USD 1296.70 billion by 2031, at a CAGR of 12.80% during the forecast period (2024-2031).

Global Data Integration Software Market is highly competitive, with numerous vendors offering a range of solutions. Established players with comprehensive offerings compete against agile startups focusing on niche areas. Key factors include ease of integration, scalability, data security, support for various data sources, and cost-effectiveness. Continuous innovation and adaptability to evolving data needs are crucial for success in this fiercely contested landscape. 'Informatica Inc. (US)', 'International Business Machines Corporation (IBM) (US)', 'Microsoft (US)', 'SAP (Germany)', 'Oracle (US)', 'Talend ( France)', 'SAS Institute Inc. (US)', 'TIBCO Software Inc. (US)', 'Denodo Technologies (US)', 'QlikTech International AB (Qlik) (Sweden)'

As businesses shift towards cloud-based infrastructures and services, the demand for data integration software has surged. Cloud computing allows organizations to access and store data from various sources more efficiently. Data integration software facilitates seamless data movement and synchronization between on-premises systems and cloud-based applications, enabling enterprises to leverage the benefits of cloud technology while maintaining data consistency and accuracy.

Emergence of Advanced Technologies: The emergence of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in data integration software was also shaping the market. AI and ML capabilities were being integrated into data integration tools to automate data mapping, cleansing, and transformation tasks, thereby reducing manual efforts and improving data quality and accuracy. Furthermore, the rise of data virtualization was another significant trend in the data integration software market. Data virtualization allowed organizations to access and integrate data in real-time without physically moving or replicating it. This approach streamlined data integration processes, minimized data redundancy, and accelerated the delivery of insights for business decision-making.

The North America region is the dominant region in the data integration software market. The United States, in particular, has a strong presence of tech companies, cloud service providers, and businesses that extensively adopt data integration solutions. The region's focus on advanced technologies, early adoption of cloud-based solutions, and the presence of major players contribute to its dominance in the market.

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Global Data Integration Software Market

Report ID: SQMIG45F2094

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