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The global data integration and integrity software market size was valued at USD 7,920.7 Mn in 2018 and is projected to reach USD 20,044.9 Mn by the end of 2026, exhibiting a CAGR of 12.5% during the forecast period from 2019 – 2026.
Data integration and integrity software involve combining data generated from different sources and providing users with a unified view of these data. In recent years, there is remarkable growth for the requirement of various applications that can access, relate, use, and integrate multiple disparate information repositories and sources (including knowledge bases, databases, file systems, information retrievals systems, digital libraries, and electronic mail systems). A number of techniques have been suggested and adopted in the pursuit of achieving an ultimate information integration system for data integration and integrity software. It is crucial that data integration and integrity software sharing must be done within a carefully created governance process and legal framework, with appropriate technology. This ensures data protection and staff capability of the data integration and integrity software to manage and share data across multiple agencies.
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"IT & Telecom to Emerge as the Leading Industry Vertical"
Based on the component, the global market is categorized into tools (solutions) and services. The data integration services segment is estimated to dominate the global data integration and integrity software market growth during the forecast period. This is because of the growing need to combine several heterogeneous data sources along with the rise of cloud computing, thereby creating demand for effective data integration tools and services.
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By industry vertical, the global market segments are BFSI, healthcare, manufacturing, retail, IT & telecom, government, and others. BFSI and government are projected to be the fastest-growing segment by industry vertical. At present, financial firms face certain 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, in order to improve customer experience and streamline the process, the adoption rate of data integration and integrity software tools is growing in this segment. The manufacturing segment covered approximately 13.8% of the global market revenue in 2018.
"Enormous Data Generation and Shift in Focus of Organizations Towards Maintaining Data Integrity in North America Ensures the Highest Market Share"
Over the past decade, an enormous amount of data generation is taking place from multiple networking systems in data integration and integrity software among a majority of organizations in North America. The shift in the focus of organizations towards maintaining data integration and integrity software in order to maintain a firm foundation for the future has enabled North America, to lead the global market.
The market for data integration and integrity software in the region was worth US$ 3,426.8 Mn in 2018 and is predicted to sustain its leading position during 2019-2026. Leading players operating in data integration and integrity software market in Asia Pacific are indulging in product expansion and strategic partnerships to form a unique combination of a simple, yet powerful functionality.
These initiatives are likely to boost the adoption of data integration and integrity software and hence, the growth rate in Asia Pacific. For instance, the Actian Business Xchange, a fully-managed B2B integration service that allows traders/partners to exchange electronic procurement and supply chain data irrespective of enterprise system or format.
North America Data Integration and Integrity Software Market, 2018
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"Informatica, IBM Corporation, SAP SE, Oracle Corporation and Talend Hold More Than Half of the Market Share in Terms of Revenue"
Currently, the global market displays a positive growth opportunity backed up with the existence of a large number of global and regional players. The market positioning of key players operating in the market is likely to be determined by their range product offerings, spending in research & development of data integration tools, customer experience, technology up-gradation, and innovative measures to maintain their foothold in the market. Among the global data integration and integrity software market leaders are Informatica, IBM Corporation, SAP SE, Oracle Corporation, and Talend.
Focus on reducing data complexity, enabling transparent processes in organizations by offering flexibility while using data are some of the factors expected to affect the market positioning and brand image of players during 2019-2026. Other prominent players operating in the global market are Cisco System Inc., SAS Institute Inc., Information Builders, Microsoft Corporation, Attunity Ltd., HVR Software, Actian Corporation, and Pitney Bowes, Inc., among others.
Data integration has offered significant solutions to deal with vast information, as consolidated data in a consistent manner. The data integration and integrity software technology has delivered a unified and reliable interpretation to enterprise data. Among the key technologies utilized for data, integration include EAI, EII, and ETL.
Data integration and integrity software tools function to fulfill the business analytics and business intelligence needs by providing enterprise data warehouse. Integration of multiple information sources is targeted towards combining certain sources for data integration and integrity software. This results in forming a unified source and giving its users the illusion that they are networking with a single information source.
The report on data integration and integrity software provides qualitative and quantitative insights on and the detailed analysis of market size & growth rate for all possible segments in the data integration and integrity software market. The market is segmented by component, deployment model, enterprise size, industry vertical, and geographically. Based on the component, the market for data integration and integrity software is categorized into tools (solutions) and services.
By deployment mode, the market is studied as on-premises and on-demand. In terms of enterprise size, the market has been divided into large enterprises and small and medium enterprises. On the basis of industry vertical, the global market segments are BFSI, healthcare, manufacturing, retail, IT & telecom, government, and others. By region, the market is segmented into five major geographic regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further categorized into countries.
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Along with this, the report on data integration and integrity software provides an elaborative analysis of market dynamics and competitive landscape. Key insights provided in the report for data integration and integrity software are the adoption trends of ultrafine tungsten wire, cost structure analysis, recent industry developments such as partnerships, mergers & acquisitions, industry SWOT analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.
· Tools (Solutions)
By Deployment Model
By Enterprise Size
· Large Enterprises
· Small and Medium Enterprises
By Industry Vertical
· IT & Telecom
· North America (the USA and Canada)
· Europe (UK, Germany, France, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
· Latin America (Brazil, Mexico and Rest of Latin America)
The global data integration and integrity software market was valued at US$ 7,920.7 Mn in 2018 and projected to reach US$ 20,044.9 Mn by 2026. There is a rising need to combine several heterogeneous data sources along with the rise of cloud computing which is creating demand for effective data integration tools and services.
The robust increasing volume along with growing awareness of its value to the enterprise is creating a huge demand for data integration applications. The capability to fulfill the demand of organizations for faster and higher quality data is further increasing the significance of data integration.
The data integration and integrity software market is expected to grow at a compounded annual growth rate (CAGR) of 12.5%.
Among the factors driving the market are surging need for products or services that support digital transformation, demand for cloud computing solutions and tools that can combine several heterogeneous data.
The BFSI industry segment is estimated to display healthy growth during the forecast period. Focus on improving customer experience and streamlining the business process, the adoption rate of integration tools is growing in BFSI segment.
The key players, including Informatica, IBM Corporation, SAP SE, Oracle Corporation and Talend dominate the data integration and integrity software market. These large corporations are primarily focusing on acquisition and collaborating with domestic players to strengthen their global presence.