What Is The Current and Historic Market Size Analysis Of The Data Integration And Integrity Software Market?
The data integration and integrity software market has seen considerable growth due to a variety of factors.
• The market size for data integration and integrity software has seen swift expansion in the past few years. This sector is projected to escalate from $16.26 billion in 2024 to $18.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.6%.
This growth in the previous period is credited to factors such as the augmentation in the volume of data, rising trends in remote work, concerns over cybersecurity, an emphasis on high data quality management, and the fast-paced advancements in digital healthcare initiatives.
What Are The Predictions for The Data Integration And Integrity Software Market in the Coming Years?
The data integration and integrity software market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the data integration and integrity software market is set to experience swift expansion in the coming years, forecasted to reach $30.76 billion in 2029 at a compound annual growth rate (CAGR) of 13.6%.
This anticipated growth during the projected period can be linked to various factors such as the growing embracement of cloud computing, enhanced attention to data protection, increased need for digital transition, growing requirement for real-time evaluations, and rising data complexity. The predicted period will observe major trends like merging with CRM (Customer Relationship Management) systems, consolidation with ERP (Enterprise Resource Planning) systems, strategic partnerships, advancements in technology and the growth of data integration marketplaces.
Which Drivers Are Accelerating Growth In The Data Integration And Integrity Software Market?
The escalating attention towards data safety is projected to fuel the expansion of the data integration and integrity software market. Data security involves the strategies and protocols employed to safeguard digital data from unauthorized exploitation, revelation, modification, or obliteration. An upsurge in the necessity for data security is observed due to elements such as mounting cybercrime occurrences, substandard adoption rates of security, and increasing responsibility to secure sensitive data from illegal access. The data integration and integrity software escalates the emphasis on data security by offering comprehensive solutions for managing and safeguarding data across diverse systems and platforms, certifying conformity with regulations, and lessening the risks of violation and unauthorized access. As an example, in September 2024, Cybersecurity Statistics and Trends 2024, released by the US-based software company Varonis, forecasted that the global expenditure on cybersecurity products and services would amount to around $1.75 trillion cumulatively from 2021 to 2025. This indicates a continuous dedication by agencies to strengthen their fortification against escalating cyber threats. In 2024, the expenditure in the cybersecurity sector is projected to round off at about $87 billion, reflecting an 8% surge from 2023. Hence, the escalating attention towards data safety is propelling the expansion of the data integration and integrity software market.
What Are The Core Segments Of The Global Data Integration And Integrity Software Market?
The data integration and integrity software market covered in this report is segmented –
1) By Component: Tools (Solutions), Services
2) By Deployment Model: On-Premise, Cloud-Based
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Industry Vertical: IT And Telecommunication, Banking, Financial Services And Insurance (BFSI), Manufacturing, Healthcare, Retail, Aerospace And Defense, Other Industry Verticals
Subsegments:
1) By Tools (Solutions): Data Integration Tools, Data Quality Tools, Data Migration Tools, Data Transformation Tools, Data Virtualization Tools, Master Data Management (MDM) Tools, Data Governance Tools, ETL (Extract, Transform, Load) Tools
2) By Services: Consulting Services, Integration And Deployment Services, Support And Maintenance Services, Managed Services
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How Are New Trends Impacting The Size Of The Data Integration And Integrity Software Market?
Significant businesses in the data integration and integrity software market are concentrating on technological advancements such as smart integrity networks. The system is designed to arm businesses with reliable data, improving accuracy, consistency and visibility throughout different data sources. In the context of a network, the smart integrity network ensures the correctness and safety of data by inhibiting unauthorised access and preserving data integrity throughout its life. For example, Precisely, a data integrity specialist in the US, introduced its latest Data Integrity Suite, named “Precisely Data Integrity Suite," in June 2022. The service suite, consisting of seven interrelated Software as a Service (SaaS) modules, is targeted at enhancing data integrity for corporations, with the option of individual or cumulative deployment for maximized benefits. The suite strives to equip organizations with quick access to reliable data, promoting self-service access and enhancing decision-making capacities.
Who Are the Key Players In The Data Integration And Integrity Software Market?
Major companies operating in the data integration and integrity software market are:
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Palantir Technologies Inc.
• Informatica Corporation
• Snowflake Inc.
• TIBCO Software Inc.
• Alteryx Inc.
• Confluent Inc.
• Talend SA
• SnapLogic Inc.
• MuleSoft LLC
• Domo Inc.
• Actian Corporation
• Fivetran Inc.
• Matillion Limited
• StreamSets Inc.
• Astera Software Inc.
• Panoply Ltd.
• Denodo Technologies Inc.
• CloverDX a.s.
• Striim Inc.
What Are The Regional Insights Into The Data Integration And Integrity Software Market?
North America was the largest region in the data integration and integrity software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data integration and integrity software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
