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Global Data Integration and Integrity Software Market to Grow at a CAGR of 12.67% During 2021-2026, Aided by the Rapid Digitisation

According to a new report by EMR titled, ‘Global Data Integration and Integrity Software Market Report and Forecast 2021-2026’, the global market for data integration and integrity software attained a value of about USD 9.84 billion in 2020. The industry is further expected to grow at a CAGR of 12.67% in the forecast period of 2021-2026 to reach a value of approximately USD 20.13 billion by 2026.

North America holds a significant share of the market due to the rapid digitisation of businesses in the region. As countries like the United States and Canada are swiftly adopting the latest technologies, data integration and integrity software are increasingly deployed to store and assess the data, which is driving the market growth. The introduction of various stringent government regulations to ensure data privacy and cybersecurity is also increasing the adoption of data integration and integrity software, hence augmenting the growth of the industry. Moreover, the presence of major companies like IBM Corporation and Oracle Corporation in the region is surging the development of advanced data integration and integrity software. Thus, the growing adoption of such advanced software is expected to provide further impetus to the market growth in the forecast period.

Informatica LLC (NYSE: INFA), one of the leading companies in the market, along with Microsoft, announced a key initiative in April 2021 to boost the use of Informatica Intelligent Data Management Cloud (IDMC). The new initiative is expected to enable the consumers to utilise the software on Microsoft Azure. It would also enable consumers to process data loading and integration by offering its iPaaS service. Through this, the company is further expanding its Azure global footprint in Europe and the Asia Pacific. Moreover, the company collaborated with Microsoft to provide Informatica Cloud Integration Free Service to consumers for rapid digital transformation. The cloud data integration services of the software offer automated, intelligent, and high-performance data integration with advanced data processing capabilities. Such developments are expected to bolster the growth of the market in upcoming years.

Market Analysis by Component, Deployment Model, Enterprise Size, Industry Vertical, and Region:

  • The market, on the basis of component, can be divided into tools (solutions) and services.
  • Based on deployment models, the industry can be bifurcated into on-premises and on-demand.
  • The enterprise sizes of data integration and integrity software are large enterprise and small and medium enterprise.
  • By industry verticals, the market is divided into IT and telecommunication, BFSI, manufacturing, healthcare, retail, and aerospace and defence, among others.
  • The regional markets for data integration and integrity software include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing requirement for effective reconciliation and assessment of data in the healthcare industry is surging the adoption of data integration and integrity software, hence propelling the market growth.
  • The market is being aided by the growing trend of healthcare services like telehealth, retail care, and e-pharmacy, among others, which is increasing the deployment of data integration and integrity software to ensure regulatory compliances.
  • The growing adoption of cloud-based data integration and integrity software for consolidating an extensive amount of data while boosting streamlining operational efficiency is propelling the market growth.
  • The integration of artificial intelligence (AI) and machine learning in data integration and integrity software to automate data collection and analysis is expected to drive the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for data integration and integrity software for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the components, deployment models, enterprise sizes, industry verticals, and major regions of data integration and integrity software.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global data integration and integrity software market are Oracle Corporation, Informatica LLC, IBM Corporation, SAP SE, Talend Inc., Cisco Systems, Inc., SAS Institute Inc., TIBCO Software Inc. (Information Builders), Microsoft Corporation, and QlikTech International AB (Attunity), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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