The Global Enterprise Data Integration Market is estimated to reach USD 3.90 billion by 2024, registering a CAGR of 12.6% during the forecast period of 2019–2024.
The Global Enterprise Data Integration Market is expected to register a CAGR of 12.6% during the forecast period of 2019–2024. There are various factors contributing to the growth of the global enterprise data integration such increasing volume of data, utilization of cloud computing, use of IoT devices for transmitting of information, which have led to an increase in the adoption of enterprise data integration to increase the working efficiency of enterprises while offering authenticate data to the user.
The global enterprise data integration market has been segmented based on component, deployment, organization size, application, and end users.
Based on component, the market has been segmented into software/tools and services. Among these, the software segment accounts for the largest market share due to increasing requirement by various organizations and enterprises for analyzing the functionality of the systems, production, supply chain process, and other parameters. The software stores the data of different forms and converts it in a readable form for the users which allows the users to extract the information.
Based on end users, the global enterprise data integration market has been segmented into healthcare, BFSI, manufacturing, retail, IT and telecom, media and entertainment, energy and utilities, and others. The BFSI holds the largest market share due to a large volume of data being generated from the BFSI industries regularly; it is used to understand the market and behavior of the client. Additionally, the increasing utilization of cloud services, data analytics, business analytics is considered as some of the major factors which are driving the market.
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MRFR recognizes the key players in the global enterprise data integration IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), SAS Institute Inc. (US), Informatica Corporation (US), Talend Inc. (US), Cisco Systems, Inc. (US), Information Builders Inc. (US), Actian Corporation (US), Syncsort Incorporated (US), Pitney Bowes Inc. (US), Denodo Technologies (US), Attunity Ltd. (US), HVR Software Inc. (US) among others.
The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.
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