The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Data Integration Tool Market. The growth sectors of the Data Integration Tool Market are identified with precision for a better growth perspective.
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 , usage of IoT devices for transmitting of information, which hasve led to an increase in the adoption of enterprise data integration among the enterprises to increase their working efficiency of enterprises and while offering authenticate data to the user.
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 conducted done for North America, Europe, Asia-Pacific, and the rest of the world.
North America dominates the global enterprise data iIntegration market, by region, due high demand from various industries for the integration tools for integrating streamlining and extracting data. Moreover, the advancement of technology in the region and utilization of various technology 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 dataof data generation. There are various companies in the region such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and others which are offereing different software/tools and services to theacross enetrprises enterprises and industries such as IBM Corporation, Microsoft Corporation, Oracle Corporation and others.
Europe accounts for the second-largest market share in the enterprise data integration market in 2018 due to prersence of various financial firms present in the region which generates a large amount of data,. Additionally, the increasing research centers in the region is also contributing in to the growth of the market. Based on end-users, the BFSI segments accounts the largest market share in the European region, whereas Germany is considered to be the 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 softwares for integrating and extracting the useful data generated by the industries on a regular basis, which is contributing in to the growth of the market.
Rest of the world is 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.
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.
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