Market Trends of Data Integration Industry
Increasing demand for cloud computing technologies
- The shutdown of offices, schools, and enterprises caused by the COVID-19 pandemic increased the demand for cloud solutions and services worldwide. The acceptance of the 'work-from' culture across public and private sectors has resulted in high demand for SaaS-based collaboration solutions, which employees use to communicate with each other. Cloud solution providers partnering with major cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud expect significant growth in their cloud services businesses as agility and rapid scalability become necessary for many customers.
- The rapid adoption of cloud-based business processes has encouraged companies to acquire data management capabilities to manage the vast amount of data that is being generated. The advancement in multi-cloud computing is driving the growth of data centers globally, leading to an increased demand for the data integration market.
- The increase in data has been accelerated by emerging technologies contributing to exponential data growth. These technologies are Edge Computing, 5G networking, Artificial intelligence and machine learning (AI and ML), Augmented and virtual reality (AR/VR), Blockchain, and the Internet of Things (IoT). The unprecedented data volume, variety, and speed increase have increased data integration adoption.
- In November 2022, Qlik, a data integration platform and analytics provider, launched a cloud-based new data integration platform service that gathers data from disparate sources in real-time. The platform consists of a set of services that form the data fabric and are interconnected to make it possible for organizations to create one single view of their data.
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North America is Analyzed to Hold Largest Share in the Market
- North America is an early adopter and host to innovative initiatives for advanced analytics solutions and practices, such as big data, machine learning, information science, and high-performance computing. Additionally, the region has a strong foothold of vendors, contributing to the market's growth.
- Traditionally, organizations have been gaining benefits from transformation initiatives across technology and business process domains. Recent technology improvements, regulatory developments, and consumer behavior are all converging to usher in this data-led transformation. Social networking sites like Pinterest, Twitter, and Facebook possess comprehensive information. In contrast, retail sites such as eBay and Amazon have taken user experience and expectations to an entirely different level.
- The United States is the most prominent market for analytics, buoyed by the presence of a large number of companies investing heavily to develop more sophisticated data analytics and data integration platforms through advanced feature engineering. For instance, in November 2022, VMware, Inc. announced the number of VMware Sovereign Cloud providers across the globe has more than doubled to 25 partners. VMware has also announced the VMware Aria Operations Compliance pack for sovereign clouds, VMware Tanzu on the sovereign cloud, and new open ecosystem solutions. With sovereign SaaS, VMware Sovereign Cloud Providers can build highly differentiated solutions to capture modern workloads, simplify operations with continuous compliance monitoring, and support data integration with lower risk.
- Further, the growing collaborations in the region are analyzed to bolster the market growth rate during the forecast period. For instance, in February 2023, Siren and DarkOwl entered into a new Data Integration Partnership. Siren provides investigators and data scientists with an insight into risks, such as national security threats, public safety issues, fraud, compliance, or the threat to large enterprise corporations by pooling together information from open source, vendor, and classified sources. For the purpose of conducting robust OSINT investigations, researchers are able to combine findings from a variety of disparate sources using Siren Graph Browser.
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