According to the Stellar Market research report "Data Integration Market with COVID-19 Impact Analysis by Component, Deployment Mode and Region- Global Forecast to 2027", the Data Integration market size is expected to grow from USD 9.54 billion in 2020 to USD 20.10 billion in 2027; it is expected to grow at a CAGR of 11.23 % from 2021 to 2027.

View detailed Table of Content here - https://www.stellarmr.com/report/toc/Data-Integration-Market/460

Market Overlook:

Data integration is the process of gathering data from several sources into a single perspective for users. When two similar organisations need to combine their databases, this strategy is useful in a variety of situations, including advertisements. Data integration is becoming more prevalent as the volume and need to transmit existing data grows. Data integration facilitates collaboration between internal and external users.

Organizations are encountering numerous issues in dealing with fast growing data sources as their client base grows and they expand into new regions and markets. Organizations have begun to see the benefits of fully utilising big data and are investing in big data technologies, including data integration, as a result of the introduction of big data technology. Internal data sources such as ERP, CRM, financial transactions from various departments, and external data sources such as web and cloud data sources, which are establishing many information silos, are among the rising data sources.

The need for cloud computing technology is increasing every day because it enables enterprises to collect data from a variety of sources, including connected remote sensors, dispersed servers, and the web, and derive important business insights from it. Organizations require powerful big data integration solutions to capture and integrate this huge volume of data acquired from diverse internal and external sources, as well as to unite information silos. These technologies may quickly adapt to the needs of enterprises, allowing them to fully utilise their data pool by merging cloud data with on-premise data transported to the cloud.

Data Integration COVID Analysis:

COVID–19 has altered the nature of business processes over the world. Though the COVID–19 outbreak exposed flaws in business models across verticals, it also provided various chances for businesses to digitalize and expand beyond geographies as use and integration of technologies such as cloud, AI, analytics, IoT, and blockchain grew throughout the lockdown time. During the first and second quarters of 2020, the retail and manufacturing sectors experienced a severe drop in company performance. However, as vaccines become more widely available and the pandemic is better controlled, these industries are projected to see increased investment over the forecast period as data integration solutions gain traction across various business activities.

Data Integration Regional Insights:

A majority of firms in North America have used data integration and integrity software to generate a massive volume of data during the last decade from multiple networking systems. North America has taken the lead in the worldwide market due to a shift in companies' focus toward preserving data integration and integrity software in order to build a stable foundation for the future.

Data Integration Market Key Players:

• IBM (US)
• Microsoft (US)
• SAP (Germany)
• Oracle (US)
• SAS Institute (US)
• Talend (US)
• Informatica (US)
• Precisely (US)
• Software AG (Germany)
• Salesforce (US)
• Qlik (US)
• Tibco (US)
• Syncsort (Bulington, MA)
• Panoply Ltd (US)
• Intel Corporation (Santa Clara, CA)

Data Integration Market Segmentation:

Market segmentation allows marketers to design campaigns more easily since it allows them to focus on specific client groups rather than the whole public. Marketers can be more efficient in terms of time, money, and other resources by segmenting their data. Market segmentation allows clients to better understand their customers. Client acquire a greater understanding of their customers' requirements and wants, allowing them to customise campaigns to the client segments that are most likely to buy products.

By Component

• Tools
• Service
• Managed Services
• Professional Services

By Deployment Mode

• On-Premises
• Cloud

By Region

• North America
• Europe
• Asia Pacific
• MEA
• South America

About Stellar Market Research:

Stellar Market Research, a consulting and advisory organisation based in India, was founded in 2018 with the goal of assisting customers in achieving their business transformation goals through strategic business planning and advisory services. As a strategic knowledge partner, the company's mission is to become an important part of the client's business. The firm gives recommendations that help determine the company's fate. The company has been entirely funded by revenue since its inception in November 2018. To date, the company has worked with over 335 businesses in 25 industries, generating data that is 94 % accurate.

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