Data Integration and Integrity Software Market Size, Share & COVID-19 Impact Analysis, By Component (Tools and Services), By Deployment (Cloud and On-premises), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End-user (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, and Others), and Regional Forecast, 2022-2029

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. The global COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a rise of 11.0% in 2020 as compared to 2019.

In the market study, we have considered data integration and integrity software and services offered by market players, such as SAS Institute Inc., IBM Corporation, SAP SE, Talend, Oracle Corporation, and Microsoft Corporation, operating across the globe.

COVID-19 IMPACT

Hybrid Working Amid COVID-19 to Boost Demand for Data Integration and Integrity Software Solution

The development of various upcoming IT projects is expected to boost the adoption of data integration & integrity software among end-users. Market players are focused on completing multiple business strategies to cope with COVID-19 and provide cutting-edge software and services to their users. For instance,

• In July 2021, Informatica, a data integrity software solution provider, announced the launch of Intelligent Data Management Cloud on Azure for Asia Pacific in response to the region's increasing cloud momentum. The Intelligent Data Management Cloud (IDMC) system is an end-to-end AI-powered cloud platform accessible on Microsoft Azure for the Southeast Asia and Asia Pacific regions.


• In May 2021, Precisely, the U.S.-based data integrity company, completed the acquisition of Infogix, data governance, data catalog, and data quality vendor. This acquisition assisted the companies in using trusted data more effectively with data integrity platforms.

Observing the business strategies of the market players in response to the COVID-19, it is more likely that the data integration and integrity software would witness a surging demand owing to the escalating adoption of cloud services.

LATEST TRENDS

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Cloud Incorporation with Data Integration and Integrity Software to Propel Market Growth

One of the key trends that enables the overall market growth is cloud computing. The integration software is based on analytical models that hold and monitor a large amount of data. The requirement of data monitoring and integration can be operated by cloud technology in a secure and reliable environment at a low cost.

According to an article published by NetApp in January 2020, there is a rising demand to integrate heterogeneous cloud systems. Hybrid cloud and multi-cloud deployments are highly adopted across end-use organizations. Multiple apps in the private cloud, public cloud, and on-premises could use cloud-based data integrity to synchronize and communicate data reliably.

There are mature technologies, such as AWS or an OpenStack data center, for data integration and integrity software within public cloud platforms or private cloud platforms. Due to the growing adoption of cloud-based solutions, the market is expected to grow significantly.

DRIVING FACTORS

Shifting Focus of Enterprises Toward Maintaining Data Integrity to Maximize the Strategic Role of Data in Driving Innovation

Organizations adopt data integration tools across various applications and systems that support digital transformations. Hence, organizations are shifting their focus from developing better tools to manage, move, and store data more effectively to maximize the strategic role of data in driving innovation, tackling creative problems, establishing stronger customer relationships, and alerting business strategies.

Apart from this, the Industrial Internet of Things (IIoT) is a key market driver. According to a report published by Analytics Insight in May 2020, the demand for data integration and integrity software has increased along with the rise in the IIoT. The IIoT and data integration platforms are working together to create a connected, digital supply chain that allows players to monitor the supply of raw materials to the plant and finished goods to customers.

RESTRAINING FACTORS

Rising Concerns Regarding Data Security to Hamper Growth

Data integrity can be threatened by human error or even worse, malicious acts. Hackers can compromise or even destroy mistakenly altered data while being transferred from one device to another. According to a report published by Empeek OU in February 2021, among the most significant obstacles to data integration in healthcare, 94% of respondents reported data security & privacy risks. Furthermore, the report states about the healthcare data breaches in the U.S that 1 out of 4 consumers’ healthcare data had been stolen in the U.S. Such security concerns are likely to restrict the market growth of data integration and integrity software.

SEGMENTATION

By Component Analysis

Service Segment to Hold Maximum Market Share

The global market is categorized into tools (solutions) and services based on component. The services segment is estimated to dominate the market during the forecast period. This is attributed to the growing need to combine several heterogeneous data sources and the rise of cloud computing, thereby creating demand for effective data integration tools and services.

By Deployment Analysis

Cloud-based Data Integration Software to Dominate Market

Based on deployment, the market is categorized into cloud and on-premises. The pandemic has created more challenges for IT teams to address remote workforces and support scalable infrastructure for their products and service offerings. As a result, cloud-based software is expected to gain traction post-outbreak of the pandemic. This trend is likely to persist as the migration to virtual work emphasizes the urgency for reliable, secure, scalable, and off-premises technology services.

By Enterprise Size Analysis

Large Enterprises Across End-user to be Potential Customers of Integrity Solutions

Large enterprises have to scale their infrastructure to address the requirements and meet new demands raised by the remote workforce. In addition, enterprises need to maintain infrastructure support for their services and products. These factors are expected to contribute to the increase in enterprise cloud spending.

Small & medium businesses are expected to lower their cloud spending due to a downturn in capital expenditure attributed to decreased demand for services and products and budget inflexibility during the pandemic crisis.

Large enterprises are expected to hold a significant share; however, small and mid-sized enterprises are projected to increase their cloud-based software spending due to optimized maintenance costs and fewer infrastructure requirements.

By End-user Analysis

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IT & Telecom Segment to Dominate Backed by Need to Extract Insights

By end-user, the global market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecom, government, and others. BFSI and government are projected to be the fastest-growing segments by end-users. At present, financial firms face specific issues in manual processing systems related to costs and time management. Also, customers take a lot of time to gather relevant documents in many cases. Thus, to improve customer experience and streamline the process, the adoption rate of integration tools is growing in this segment.

REGIONAL INSIGHTS

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Geographically, the market is fragmented into five major regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. They are further categorized into countries.

The market in North America is diverse, owing to rising technology investment by the leading players and rapid deployment of advanced technologies, such as cloud computing, Internet of Things (IoT), and AI, to automate business processes. A notable key driver boosting the growth opportunity across the region is the rising investment of end-users in cloud services. For instance, according to the 2019 IDC report, the public cloud spending in the U.S. was valued at USD 124.6 billion in 2019. Thus, such an increase in cloud computing and the adoption of advanced technology have driven the data integration and integrity software market growth.

Asia Pacific has several small and leading players, due to which the market is highly fragmented. The data integration and integrity software service providers and several global players are expanding their footprint in this region due to the growing demand from end-user industries such as BFSI, healthcare, and the fastest-growing manufacturing sector. For instance,

• In July 2021, Informatica, a data integrity software solution provider, announced the launch of Intelligent Data Management Cloud on Azure for Asia Pacific in response to the region's increasing cloud momentum. The Intelligent Data Management Cloud (IDMC) system is an end-to-end AI-powered cloud platform offering accessibility on Microsoft Azure for the Southeast Asia and Asia Pacific regions.

During the COVID-19 pandemic, players in European countries have created investments in many digitalizing industries, such as healthcare, manufacturing, and retail, to provide a seamless consumer experience. For instance, in December 2020, Talend invested in Europe to open a new data center exclusively for Stitch cloud data ingestion service providers

The leading players are seeking opportunities in the Middle East and African countries, such as GCC, South Africa, Israel, and others, due to increasing investment by the private and public sectors for digital transformation.

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The Latin American market is growing at a moderate growth rate, owing to increasing investment by the leading players with the surge in internet penetration and adoption of advanced technologies by the government and private with the use of hybrid cloud and artificial intelligence.

KEY INDUSTRY PLAYERS

Increasing Strategic Acquisitions by Key Players to Expand their Product Offerings

Key players operating in the market, such as IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., Informatica, SAP SE, Talend, and Alteryx, are entering into strategic partnerships and collaborations with other players. This strategy is adopted by the key players to enhance their market presence and launch new technology-based software. For instance,

March 2021 – Informatica launched a new serverless Spark-based data integration engine with NVIDIA‘s rapid accelerator. It provides improved performance, scalability, and speed using the NVIDIA rapids accelerator, data science software, and NVIDIA infrastructure.

December 2020 – Talend expanded its partnership with Snowflake, a provider of the Data Cloud through Snowflake Partner Connect. The partnership offers Snowflake, a seamless experience through Talend Data Fabric that enables companies to easily assess and improve data reliability in the cloud environment.

List of the Key Companies Profiled:

• 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.)

KEY INDUSTRY DEVELOPMENTS:

• March 2021 – Oracle introduced Oracle Cloud Infrastructure (OCI), a data integration platform. The platform enables customers to extend connectivity choices, convert data, and integrate with OCI data flow more easily. It is a cloud-based, fully managed serverless software that aids in the Extraction, Transformation, and Loading (ETL) of data using autonomous databases.


• July 2021 – Microsoft Corporation launched data integration wave 1 Microsoft Power Platform. It is used to democratize data for business users to seamlessly extract, transform, and load data into Microsoft Dataverse and Azure Data platforms. It enables businesses with new insights and improves data export services by enhancing the gateway for enterprises.

REPORT COVERAGE

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The research report examines key regions worldwide to help users better understand the technology. Additionally, the research report gives insights into the most recent industry and market trends and an analysis of technologies deployed at a quick rate on a global scale. It also highlights some of the market's growth-stimulating elements and restrictions, allowing the reader to understand the market thoroughly.

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