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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.
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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:
List of the Companies Profiled in the Report:
Further Report Findings:
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 |
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By Enterprise Type |
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By Industry |
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By Region |
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