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As per the report published by MarketsandMarkets, the Data Integration market size is expected to grow up to USD 19.6 billion by 2026 during the forecast period.
FREMONT CA: The Data Integration Market size is estimated to grow up to USD19.6 billion by 2026 at the CAGR of 11.0 percent. To drive the adoption of data integration solutions and services, factors such as increasing amount of on-cloud data and incapability of traditional tools, rise in big data technologies and cloud computing play a vital role.
The process of merging data from several sources into a single, cohesive perspective is known as data integration. Ingestion is the first phase in the integration process, which includes steps like cleansing, ETL mapping, and transformation. Data integration enables analytics tools to generate effective, actionable business intelligence. The Data Integration Market is made up of data integration tools and services that are used to combine data from various sources and deliver the result as integrated data. This combined data is used to generate actionable insights. The most effective application of data integration is the creation of an efficient enterprise data warehouse. Data warehouses can be accessed for analysis to obtain a comprehensive perspective of enterprise-wide data. Enterprise Application Integration; Enterprise Information Integration; and Extract, Transform, and Load are some of the significant technologies of data integration tools. Thus, in the matter of managing heterogeneous data sources, data integration plays an indispensable role.
The Data Integration Market is divided into two components: software and services. Professional and managed services have been subdivided into the services segment. These services are critical to the functioning of data integration and guarantee a faster and smoother implementation which will maximize the value of enterprise investments. The increasing use of data integration is predicted to increase the use of professional and managed services. Professional service providers provide in-depth product knowledge and allow clients to focus on their primary business, whereas MSPs assist customers in improving business operations and cutting costs.