Latest News- Data Integration Market: IT and telecom is expected to lead the End-user segment during 2024-2028

The Data Integration Market is being driven by High need for data integration

The Data Integration Market is expected to grow at a CAGR of 12.88% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 10942.5 million. In today's business landscape, organizations are increasingly adopting cloud computing solutions to modernize their IT infrastructure and gain agility. One significant area where cloud computing is making a notable impact is in supply chain management (SCM). Traditional on-premises SCM systems are being replaced with cloud-based solutions to enable seamless integration with other back-office systems. The popularity of cloud-based data integration is on the rise due to the availability of faster connectivity features, enabling enterprises to exchange data within and outside their organizations for various commercial applications. Cloud-based integration services come in two forms: integration platform-as-a-service (iPaaS) and data platform-as-a-service (dPaaS). iPaaS offers a set of cloud-based integration solutions, allowing enterprises to integrate their back-office systems without the need for physical IT infrastructure. These solutions provide cost-effective, flexible, and scalable integration capabilities, making data exchange more efficient and productive. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • IT and telecom
  • Healthcare
  • BFSI
  • Government and defense
  • Others
• Component
  • Tools
  • Services
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High need for data integration
• Demand for efficient communication
• Enhanced business process efficiency

However, the market also witnesses some limitations, which are as follows:

• Lack of comprehensive integration strategies
• Technical issues and delays in integrating large-scale IT projects
• Data security issues

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Market Scope in Data Integration Market Research Report

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Research Analysis Overview

Data integration involves connecting and harmonizing various data assets from different sources for effective use in analytics solutions and business intelligence applications. This includes data mapping, enrichment, and warehousing in both on-premises and cloud-based software environments. Data integration platforms facilitate business automation, technical support, and fraud detection, enabling enterprise analytics, corporate reporting, and hybrid data integration for data science and software tools to access diverse datasets.

Market Research Overview

The Data Integration market is a segment of the larger Global IT Software Market, encompassing businesses specializing in data integration solutions, analytics, business intelligence, data assets management, data warehousing, and cloud-based software. Technavio's market analysis includes revenue generated by these companies, offering enterprise connectivity, data science, fraud detection, data enrichment, and software tools. This market scope excludes interactive home entertainment software providers and those producing systems or database management software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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