According to a new report by Expert Market Research titled, “North America Data Integration Market Share, Size, Report and Forecast 2024-2032″, the North America data integration market size reached a value of USD 5.09 billion in 2023. Aided by the increased proliferation of data-driven decision-making and the increasing adoption of cloud-based solutions, the market is projected to further grow at a CAGR of 9.8% between 2024 and 2032 to reach a value of USD 12.06 billion by 2032.
Data integration is the act of gathering information from various origins in order to create a precise dataset for analysis, business intelligence, and other operational procedures. It is a crucial component of the data management process and holds great importance in equipping business managers and data analysts with improved insights to effectively oversee operations and monitor business performance.
The North America data integration market growth can be attributed to the rapid digital transformation and the increasing amount of data being generated in the internet age. Organisations are striving to collect and streamline data from various sources in order to gain actionable insights, make accurate and timely decisions, improve user experience, and gain a competitive edge.
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Cloud data integration solutions are being increasingly adopted by businesses as they allow for the deployment of new integration patterns, simplify complex data tasks, optimise business processes, and ensure compliance with strict data safety standards such as GDPR and HIPAA, leading to North America data integration market development.
Furthermore, the market expansion in North America is being supported by the introduction of innovative cloud-based solutions. For example, in November 2022, Qlik®, a company based in Pennsylvania, launched Qlik Cloud® Data Integration, an enterprise integration platform as a service that efficiently integrates data sources and enterprise applications with the cloud.
Advancements in technologies like automation, blockchain, the Internet of Things (IoT), and artificial intelligence (AI) are expected to revolutionize the data integration market in North America in the coming years. Businesses are leveraging these technologies to improve data quality, streamline integration processes, and extract valuable insights from diverse and extensive datasets, consequently driving up the to North America data integration market share.
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The BFSI sector is experiencing rapid growth due to the swift digital transformation and the increasing generation of data amidst the rise in digital payments, shared services, trading volumes, and trade settlements. BFSI organisations are utilising the generated data to enhance their revenue generation and improve their decision-making capabilities.
Market Segmentation
The market can be divided based on the deployment mode, component, organisation size, application, end use, and country.
Market Breakup by Deployment Mode
• On-Premises
• Cloud
Market Breakup by Component
• Tools
• Services
o Professional Services
o Managed Services
Market Breakup by Organization Size
• Small and Medium Enterprises
• Large Enterprises
Market Breakup by Application
• Marketing
• Sales
• Operations and Supply Chain
• Finance
• Human Resources
Market Breakup by End Use
• BFSI
• IT and Telecom
• Healthcare
• Manufacturing
• Retail and E-Commerce
• Government and Defence
• Others
Market Breakup by Country
• United States of America
• Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in North America data integration market. Some of the major players explored in the report by Expert Market Research are as follows:
• IBM Corp.
• Microsoft Corp.
• Oracle Corp.
• SAP SE
• Cloud Software Group, Inc. (TIBCO)
• SAS Institute Inc.
• Salesforce, Inc.
• QlikTech International AB
• Informatica LLC
• Precisely Incorporated
• Others
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