Enterprise Data Integration Market
A new market study, titled “Enterprise Data Integration Market” has been featured on Market Research Future.
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). MRFR also reckons that the market size can advance at a rate of 12.6% from 2019 to 2024, which is the assessment period. We will provide covid-19 impact analysis with the report. The COVID-19 impact on the market has been studied in the report, which offers an in-depth analysis post the coronavirus disease outbreak.
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COVID-19 Analysis
The COVID-19 pandemic has given a massive boost to technological trends, which were already advancing tremendously in recent years. For instance, cloud services have gained more popularity now than ever before, post the SARS-CoV-2 outbreak. The impact of the COVID-19 outbreak has been notable, with the work-from-home model gaining traction to maintain business operations. 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.
To cite a reference, in June 2020, Alation entered a partnership with Databricks, a unified analytics platform provider for AI and data, to devise more number of data science-led innovations. The companies are working on a data integration software that can offer a platform to the data teams to identify and benefit from the ideal data for data science as well as analytics, discover cloud data lakes, and work together on data to develop top quality predictive models along with business insights.
Primary Drivers and Main Challenges
In the past couple of years, data integration market has been riding high, as a result of the increasing use of computers and various portable devices such as tablets and smartphones across diverse industries. Several enterprises are progressively adopting the latest technologies in an attempt to achieve useful data insights for their business, which has led to stupendous market growth across the world.
The accelerated uptake of IoT-based technologies, industrialization, cloud computing and digitalization is induced considerable need for better quality data integration tools, whether for cloud, hybrid or legal workflow processes, which has caused a significant boom in the worldwide market.
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.
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