Market
Highlights
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.
Regional
Analysis
The
global enterprise data integration market is estimated to grow at a
significant rate in the future. The geographical analysis of enterprise
data integration market has been done for North America, Europe, Asia-Pacific,
and the rest of the world.
North America
dominates the global enterprise data integration market, by region,
due high demand from various industries for the integration tools for streamlining
and extracting data. Moreover, the advancement of technology in the region and
utilization of various technologies such as big data, artificial intelligence,
cloud computing, IoT devices, and others by various industries is driving the
market in the region due to large volumes generated data. There are various
companies in the region such as IBM Corporation, Microsoft Corporation, Oracle
Corporation, and others which are offering different software/tools and
services across enterprises and industries.
Europe accounts
for the second-largest market share in the enterprise data integration market
in 2018 due to presence of various financial firms in the region which
generates a large amount of data. Additionally, the increasing research centers
in the region is also contributing to the growth of the market. Based on
end-users, the BFSI segment accounts the largest market share in the European
region, whereas Germany is considered to be a dominating country in the region.
Asia-Pacific is
expected to be the fastest-growing region during the forecast period due to
advancement in terms of technology, increasing data generation due to
urbanization, and digitalization in the region. Moreover, the companies in the
region are focusing on developing tools and software for integrating and
extracting useful data generated by the industries on a regular basis, which is
contributing to the growth of the market.
Rest of the
world has been segmented as South America and Middle East & Africa is
expected to be growing with a significant CAGR during the forecast period due
to presence of various industries present in the region, which drives the
market. Additionally, various IT & telecom companies are investing in the
region which is also propelling the growth of the market. The Middle East &
Africa is the dominating region and is expected to be the fastest-growing
region during the forecast period.
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Key Players
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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