Global Data Integration Tools Market

Data Integration Tool Market Overview

The Global Data Integration Tools market was calculated at USD 4.8 Billion in 2021 and expected to reach USD 9.53 Billion in 2028 with a growing CAGR of 10.3% during the forecast period of 2022-2028. Factors such as the increased use of IoT-based technologies, digitization, and industrialization contribute to the industry’s growth. Additionally, increased use of cloud computing, which generates a need for effective data integration tools and the necessity for a dependable data management solution, are some of the reasons driving the market forward. However, market growth is being hampered by a lack of expertise and a misalignment between contemporary data integration requirements and legacy systems.

What is Data Integration Tools?

The process of collecting data from multiple sources, usually for analysis, business intelligence, reporting, or loading into an application, is known as data integration. A data integration tool allows data integration on a data source. These technologies should be tailored to your specific data integration needs. Data transformation, mapping, and cleaning are all performed by these technologies. Data governance & data quality solutions can be connected with data integration tools. Data Integration Tools enable these functional features and provide a shared working platform.

Growth Drivers

Rise of Big Data Technologies

The rise of Big Data technologies signifies the start of a new age of continuous technological innovation marked by overlapping technology waves relating to various aspects of the modern digital economy, ranging from production and consumption to cooperation and general social activity. Organizations have begun to see the benefits of fully utilizing big data and are investing in big data technologies, including data integration, due to the introduction of big data technology. Internal data sources such as ERP, CRM, financial transactions from various departments, and external data sources such as online and cloud data sources, which establish many information silos, are among the rising data sources. In addition, traditional technologies are increasingly insufficient to gather and integrate data and combine these information silos, requiring enhanced data integration tools to enable organizations to combine these information silos and gain useful business insights. Modern data-driven research benefits from the vast availability of inexpensive computing and storage resources delivered on-demand, owing to the merger of Big Data and cloud technology. Furthermore, modern data integration systems, including sophisticated transformation tools supplied by various vendors, come with advanced capabilities like data capture, data profiling, data quality, data governance, and metadata management to handle data post-integration, resulting in seamless and reliable data extraction, which is predicted to accelerate the global market at a reasonable rate over the forecasted period.

Opportunities

The rising amount of data stored in the cloud

The cloud is much more than a convenient storage option; it’s also a unique platform for collecting data and developing novel ways to use that data. The demand for cloud computing technology is increasing every day as it enables enterprises to collect data from a variety of sources, including linked remote sensors, dispersed servers, and the web, and derive valuable business insights from it. Over 100 zettabytes of the data will be stored in the cloud by 2025. In the same year, total worldwide data storage will surpass 200 zettabytes, with the cloud accounting for around half of it. In 2015, just around 25% of all computing data was kept in this way. Organizations require advanced big data integration tools to gather and integrate this huge volume of data acquired from diverse internal and external sources and unite information silos. These technologies can quickly adapt to the needs of enterprises, allowing them to fully use their data pool by merging cloud data with on-premise data transferred to the cloud, which is predicted to create numerous opportunities in the growth of the global market.

Pre Covid-19 Impact on Global Data Integration Tools

Before the covid-19 outbreak, the use of data integration tools and services was projected to be driven by several factors, such as the emergence of big data and cloud computing technologies, the growing volume of on-cloud data, and the incapability of traditional data management systems. Market expansion is likely to be aided by the rising number of data integration companies across regions, which, in turn, helps the market growth in Data Integration Tools.

 Covid-19 Impact on Data Integration Tools

COVID–19 has altered the nature of corporate processes over the globe. Though the COVID–19 outbreak exposed flaws in business models across verticals, it also provided various chances for businesses to digitalize and grow beyond regions through the use and integration of technologies like cloud, AI, analytics, IoT, and blockchain grew throughout the lockdown time. During the first and second quarters of 2020, the retail and industrial sectors experienced a severe decline in company performance. However, as vaccines become easily accessible and the pandemic is better controlled, these industries are projected to see increased investment over the projection period as data integration tools gain traction across various business functions.

Post Covid-19 Impact on Data Integration Tools

Post Covid-19, organizations favor cloud deployments over on-premises installations following the COVID-19 epidemic. As a result, enterprises have been required to change their data management methods and embrace data integration techniques, creating a huge potential for the data integration tools industry to develop and thrive. Thus, the Covid-19 is expected to have a significant positive impact on the market post-Covid-19.

By Business Application Segmental Analysis

Based on Business Application segmental analysis, the market is segmented into Marketing, Sales, Operations, Finance, and HR. The marketing segment is estimated to dominate the market over the forecasted period by 2028. The vast volume of data generated by IoT and mobile technologies has driven marketers to implement tools and procedures that can help them make sense of it. Data integration tools help marketers meet this need by allowing them to aggregate data from diverse sources into a usable format that can assess. Instead of dealing with numerous marketing channels versus channel-specific KPIs, marketers can establish a customer-centric view and focus their marketing efforts more accurately by employing data integration tools.

By Vertical Segmental Analysis

Based on Vertical Segmental Analysis, the market is segmented into BFSI, Retail and Consumer Goods, Media and Entertainment, Manufacturing, Energy and Utilities, Telecom and IT, Healthcare and Life Sciences, Government and Defense, and Others. The Healthcare and Life Sciences segment is predicted to dominate the global Data Integration Tools market. Data has always been a problem in the healthcare and life sciences industry, primarily from the patient, clinical, claim, hospital system, financial, pharmaceutical, and, more recently, wearable technology sources. Using this data to construct a bulletproof strategy to minimize most current diseases, enhance patient care, develop new medications, and discover emerging diseases can help develop a flawless plan.

By Regional Segmental Analysis

Based on food type segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Because of the widespread use of modern electronics, the rising use of IoT solutions across several industries, and numerous prominent data integration businesses in the area, North America is likely to have the biggest market share over the forecast period. Market expansion is likely aided by the rising number of data integration tools companies across geographies. Due to an increase in the need for tools that can integrate several heterogeneous data sources and an increase in cloud computing, Asia-Pacific is predicted to be the fastest-growing data integration tools market growth.

Competitors Analysis

The companies include IBM, Qlik, Tibco, SAP, Denodo Technologies, Oracle, Precisely, SAS Institute, Talend, Microsoft, Informatica, Software AG, Adepti, Boomi, Jitterbit, Salesforce, Hevo, Actian, HVR, Hitachi Vantara, and Other Prominent Players in the global Data Integration Tools market. Key Stakeholders

• Market research and consulting firms
• Data Integration Tools Associates
• Local Governments
• Regulatory bodies
• Data Integration Tools Market
• Suppliers
• Service Providers

Recent Developments

• In September 2021, Microsoft introduced Azure Data Factory (ADF) to provide secure access to data sources and prevent data exposure to the public internet.
• In May 2021, TIBCO Software updated its Unify data management portfolio, which includes the TIBCO Data Virtualization and TIBCO EBX products, to dramatically improve an organization’s data fabric, allowing clients to use data’s huge potential fully.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 4.8 Billion
The revenue forecast in 2028	USD 9.53 Billion
Growth Rate	CAGR of 10.3 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include IBM, Qlik, Tibco, SAP, Denodo Technologies, Oracle, Precisely, SAS Institute, Talend, Microsoft, Informatica, Software AG, Adepti, Boomi, Jitterbit, Salesforce, Hevo, Actian, HVR, and Hitachi Vantara, are the key players.

Market Modelling

By Deployment Mode

• Cloud
• On-premises

By Organization Size

• SME
• Large Enterprises

By Business Application

• Marketing
• Sales
• Operations
• Finance
• HR

By Vertical

• BFSI
• Retail and Consumer Goods
• Media and Entertainment
• Manufacturing
• Energy and Utilities
• Telecom and IT
• Healthcare and Life Sciences
• Government and Defense
• Others

By Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East & Africa

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