DATA INTEGRATION MARKET – INDUSTRY TRENDS AND FORECAST BY 2028
Data Integration Market, By Component (Tools, Services), Deployment Mode (On-Premises, On-Demand), Organization Size (Large Enterprises, Small, Medium Enterprises), Vertical (Healthcare and life Sciences, Banking, Financial Services, and Insurance, Manufacturing, Retail and Consumer Goods, IT and Telecommunication, Media and Entertainment, Energy and Utilities, Government and Defense, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data integration is defined as an amalgamation of specialized and technical business procedures for contrasting sources in valuable information. It is useful in merging systems of two company’s applications within one company and this information is stored using different technologies that offer combined view of data.
Growing demand for cloud computing is a crucial factor accelerating the market growth, also rise in the inclination of organization towards cloud deployment, increase in the reconstruction of data strategies and data integration, increase in the demand for tools that can combine numerous heterogeneous data sources and increase in the cloud computing creating a demand for effective data integration tools and practices are the major factors among others boosting the data integration market. Moreover, rise in the inclination toward self-service data integration and rise in the demand for open-source data integration tools will further create new opportunities for data integration market in the forecast period mentioned above.
However, lack of expertise and disharmony between modern data integration requirements and legacy systems are the major factors among others restraining the market growth, while lack of standardization in enterprise data integration and management strategy and lack of adoption of high-end Etl tools will further challenge the data integration market in the forecast period mentioned above.
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