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SummaryA New Market Study, titled “Enterprise Data Integration Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.Market Dynamics Enterprise data integration market 2020 is all set to attain a strong valuation of USD 3.90 billion by 2024, affirms Market Research Future (MRFR).

Moreover, there has been a significant surge in traffic, be it on Zoom or Netflix due to the increasing online content consumption after the lockdown imposed in several countries.The enterprise data integration solutions market has been a big gainer since the advent of the novel coronavirus, given the growth of cloud computing and the increased need for business analytics among enterprises.

Moreover, since the onset of the pandemic, the enterprise data integration market has observed an increase in acquisitions, mergers and partnerships between acclaimed players; strategies that the companies are leveraging to solidify their position.Market Segmentation The enterprise data integration industry can be narrowed down to segments like component, deployment, organization size, business application as well as end user.The key components analyzed in the market study are services and software/tools.

The service types considered in the report are professional services and managed services.The categories depending on deployment include cloud-based along with on-premise.The organization size ranges included in the market research are large enterprises and small & medium enterprises/SMEs.The business applications of data integration technology include sales, marketing, finance, human resources and operations.Some of the key end-users in the worldwide market are manufacturing, energy and utilities, healthcare, retail, BFSI, media and entertainment, IT and Telecom, and more.Regional Insight North America, APAC/Asia Pacific, Europe, and RoW/the rest of the world are the main markets for enterprise data integration.North America is currently in the lead out of all the regions, given the high demand for integration tools among various industries to streamline and extract data.

Technical advancements are quite frequent in the region, with high prevalence of technologies like IoT, big data, cloud computing, artificial intelligence, and more, which causes generation of massive volumes of data.

A sizeable portion of the global tech giants is headquartered in North America, some of which include IBM Corporation, Oracle Corporation, Microsoft Corporation, and others, who offer a wide range of tools, software and services to enterprises.

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Global Enterprise Data Integration Market Research Report: By Component (Software, Services), by Deployment (Cloud-based, On-Premise), by Organization Size (Large Enterprise, SMEs), by Business Application (Marketing, Sales, Operations, Finance, Human Resources), by End-User (Healthcare, BFSI, Manufacturing, Retail, IT and Telecom, Media and Entertainment, Energy and Utilities, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2024Enterprise Data Integration Market Highlights 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, use of IoT devices for transmitting of information, which have led to an increase in the adoption of enterprise data integration to increase the working efficiency of enterprises while offering authenticate data to the user.Regional AnalysisThe 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 done for North America, Europe, Asia-Pacific, and the rest of the world.North America dominates the global enterprise data integration market, by region, due high demand from various industries for the integration tools for streamlining and extracting data.

Moreover, the advancement of technology in the region and utilization of various 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 data.

There are various companies in the region such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and others which are offering different software/tools and services across enterprises and industries.Get Sample @ https://www.marketresearchfuture.com/sample_request/8302Europe accounts for the second-largest market share in the enterprise data integration market in 2018 due to presence of various financial firms in the region which generates a large amount of data.

Additionally, the increasing research centers in the region is also contributing to the growth of the market.

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Enterprise Data Integration MarketThe Global Enterprise Data Integration Market is slated to reach a valuation of USD 3.90 billion by 2024, recording a CAGR of 12.6% over the forecast period of 2019–2024.Drivers and Restraintsthe growing adoption of cloud computing and rising requirement of business analytics are assessed as some of the major driving factors are the expansion of the global enterprise data integration market over the review period.

moreover, cloud computing is being utilised to capture various types of information from different devices and sources that are employed in industries and stored in a data warehouse or data centers.

The enterprise data integration augments the efficiency of the overall system and saves time to extract the information from an extensive database.

On the other hand, lack of expertise and standardization among the enterprises are some of the factors which are slated to hinder the growth of the market.Segmental AnalysisThe global market for enterprise data integration has been segmented based on deployment, component, business application, organization size, end user, and region.Based on the component, the global market has been bifurcated into software/tools, and services.

The service segment is sub segmented as managed services and professional services.

Based on the organization size, the global market for enterprise data integration has been bifurcated into large enterprises and SMEs.