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Data Integration and Integrity Software Market to Grow Gradually by Achieving a Valuation of USD 30.21 Billion by 2030 with a CAGR of 12.6% during the Forecast Period 2023-2030; Organizations Adopt Data Integration Tools Across Various Applications And Systems That Support Digital Transformations

July 18, 2023 | Information & Technology

The data integration and integrity software market size is projected to grow from USD 13.20 billion in 2023 to USD 30.21 billion by 2030. As per a report by Fortune Business Insights™ titled, “Data Integration and Integrity Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Large Enterprises and Small & Medium Enterprises), By Industry (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Media & Entertainment, Energy & Utility, Government, and Others), and Regional Forecast, 2023-2030”. The market stood at USD 11.86 billion in 2022. It is set to exhibit a CAGR of 12.6% during 2023-2030.


Microsoft Corporation Introduced Data Integration Wave 1 Microsoft Power Platform


In July 2021, Microsoft Corporation introduced data integration wave 1 Microsoft Power Platform. It is used to democratize data for business users to seamlessly transform, extract, and load data into Azure Data Platforms and Microsoft Dataverse. It allows businesses with new insights and improves data export services by enhancing the gateway for enterprises.


Disruption Caused During Pandemic to Foster Demand for Data Integration and Integrity Software


The pandemic has considerably impacted the strategies of enterprises, and to cope-up with the drastic changes, various new initiations took place. The introduction of various IT projects amid the pandemic fueled the adoption of data integration and integrity software across industries. In order to handle with the COVID-19 effects, various market players are focusing on completing several business strategies and provide services to their users. Hence, the market growth is predicted to elevate during the projected period.


Increasing Inclination of Enterprises Toward Continuing Data Integrity to Increase the Strategic Role of Data in Driving Innovation


Organizations adopt data integration tools across various applications and systems that support digital transformations. Hence, organizations are shifting their focus from developing better tools to manage and store data more effectively, increasing the strategic role of data in driving innovation, alerting business strategies, tackling creative problems, and establishing stronger customer relationships resulting into data integration & integrity software market share to grow during the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/data-integration-and-integrity-software-market-100899


Competitive Landscape:


Growing Strategic Acquisitions by Prominent Players to Expand their Product Offerings


Prominent players in the market, such as Microsoft Corporation, IBM Corporation, SAS Institute Inc., Oracle Corporation., SAP SE, Informatica, Talend, and Alteryx, are indulging in strategic collaborations and partnerships with other players. These strategies adopted by prominent players to enhance their market presence and launch new technology-based software.


Notable Industry Development:



  • January 2023: Precisely stated the acquisition of location intelligence provider, Transerve, which can help enterprises make decisions using enriched and curated data.


List of the Companies Profiled in the Report:



  • Informatica LLC (U.S.)

  • IBM Corporation (U.S.)

  • SAP SE (Germany)

  • Oracle Corporation (U.S.)

  • SAS Institute Inc. (U.S.)

  •  Microsoft Corporation (U.S.)

  • QlikTech International AB (Talend) (U.S.)

  • TIBCO Software Inc. (U.S.)

  • Denodo Technologies (U.S.)

  • Precisely (U.S.)


Further Report Findings:



  • North America is expected to continue its dominance due to the growing technology investment by prominent players in the market and the rapid deployment of advanced technologies, such as IoT, and AI, cloud computing, to automate business processes.

  • Asia Pacific has various small and leading players, owing to which the market is highly segmented. The crucial software providers and several other players are escalating their business in the region owing to the increasing demand from industries such as healthcare, BFSI, and the fastest-growing manufacturing sector.

  • Amid the COVID-19 pandemic, players in European countries have created investments in many digitalizing industries, such as manufacturing and, retail, and healthcare, to provide a seamless consumer experience.

  • Due to increasing investments by the public and private sectors for digital transformation, various leading players seek opportunities in the Middle East and African countries such as Israel, GCC, South Africa, and others.

  • The Latin America market is rising at a steady growth rate due to increasing investments by the key players with the rise in internet penetration and adoption of advanced technologies by the government.


Table of Segmentation:


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 12.6% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



By Deployment, Enterprise Type, Industry, and Region



By Deployment




  • On-premises

  • Cloud



By Enterprise Type




  • Large Enterprises

  • Small & Medium Enterprises



By Industry




  • Banking, Financial Services and Insurance (BFSI)

  • Healthcare

  • Manufacturing

  • Retail

  • IT & Telecom

  • Media & Entertainment

  • Energy & Utility

  • Government

  • Others (Transportation, Education)



By Region




  • North America (By Deployment, By Enterprise Type, By Industry, and By Country)

    • U.S. (By Industry)

    • Canada (By Industry)





  • Europe (By Deployment, By Enterprise Type, By Industry, and By Country)

    • U.K. (By Industry)

    • Germany (By Industry)

    • France (By Industry)

    • Scandinavia (By Industry)

    • Rest of Europe



  • Asia Pacific (By Deployment, By Enterprise Type, By Industry, and By Country)

    • China (By Industry)

    • Japan (By Industry)

    • India (By Industry)

    • Southeast Asia (By Industry)

    • Rest of Asia Pacific



  • Middle East and Africa (By Deployment, By Enterprise Type, By Industry, and By Country)

    • GCC (By Industry)

    • South Africa (By Industry)

    • Rest of MEA



  • Latin America (By Deployment, By Enterprise Type, By Industry, and By Country)

    • Brazil (By Industry)

    • Mexico (By Industry)

    • Rest of Latin America




Data Integration and Integrity Software Market
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  • 2022
  • 2019-2021
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