Data integration is a processing technique of merging data from multiple heterogeneous data sources such as technical and business processes into a coherent data store to provide unified and organized view of the data to users. Data integration software/tool primarily operates by establishing an interconnectivity between data sources, ETL (extract, transform, and load), and data warehouses.
Increasing adoption of IoT-based technologies, digitalization, industrialization, and rising adoption of cloud computing is creating increasing demand for effective data integration tools and practices, whether for legal, cloud, or a hybrid workflow process, and these are major factors fueling demand for data integration solutions and services.
Currently, various database integration systems are in use, but the major challenge is to identify the most suitable system as an enterprise comprises multiple data types such as marketing, finance, product related, and support systems. Moreover, as technology advances further, enterprises introduce new business systems and hence additional challenges are created on data integration platforms to seamlessly integrate new data provisions.
The global data integration market has been segmented on the basis of components, business application, deployment model, organization size, solution/services, vertical, and region.
North America is estimated to account for largest revenue share in the global data integration market in 2017, and is expected to maintain its dominance during the forecast period. This is attributed to unprecedented growth of data in countries in the region due to rising adoption of mobile and IoT technologies and strong presence of major data integration vendors in countries in the region. Revenue from the Asia Pacific data integration market is expected to register comparatively high CAGR between 2017 and 2026.
Among the application segments, revenue from the human resource segment is expected to expand at high CAGR during the forecast period owing to its offerings for various data integration tools for effective data analysis such as talent acquisition, payroll and administration, workforce planning data, social data of job candidates, data from company’s career and recruitment portals, and performance appraisal data of the portals. Among the deployment segments, the on-demand deployment model is expected to witness the highest CAGR during the forecast period owing to its cost effectiveness, scalability, and ease of deployment.
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Key Players include SAP SE, SAS Institute Inc., Cisco System Inc., Information Builders, Actian Corporation, Syncsort, Pitney Bowes Inc., IBM, Informatica Corporation, Oracle Corporation, TalenD, Microsoft Corporation, Denodo Technologies, HVR Software, and Attunity Ltd.