Rising Popularity of Data Centers to Expand Enterprise Data Integration Market (SARS-CoV-2, Covid-19 Analysis)
Enterprise Data Integration Market
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Enterprise Data Integration Market. The growth sectors of the Enterprise Data Integration Market are identified with precision for a better growth perspective.
The enterprise data integration market 2020 is supposed to gain popularity. In the coming years, the market is supposed to witness an expansion of user base on the global front. In the report presented by Market Research Future MRFR, the global enterprise data integration market is assessed to strike 12.6% CAGR across the assessment period 2019 to 2024. In addition, the enterprise data integration market size is presumed to reach USD 3.9 Bn by the end of 2024. The product facilitates the integration of business information from different sources. It helps the management in effective decision making. This factor is projected to augment the enterprise data integration market in the near future.
The volume of data being generated on a daily basis is exponentially increasing. Efficient management of these data for proper structuring has become inevitable. Increasing investments for the purpose is prognosticated to drive the growth of the enterprise data integration market in the nearby future. This software makes the data usable and readable, which is another major factors poised to expand the market in the upcoming years. Other factors assessed to drive growth of the enterprise data integration market are rising use of cloud computing, increasing applications of business analytics, etc.
The product is proven to enhance the operational efficiency of an organization. This, in turn, is expected to catapult the enterprise data integration market on upward trajectory. Rising deployment of data centers is also supposed to boost the revenue growth of the market across the evaluation period. However, existing lack of standardization is presumed to restrain the market’s growth rate in the foreseeable future.
Market Segmentation:
On the basis of component, the enterprise data integration market has been segmented into software/tools and services. The service segment has been divided into two sub-segments - managed services and professional services.
On the basis of deployment, the enterprise data integration market has been segmented into cloud-based and on-premise.
On the basis of organization size, the segments of the enterprise data integration market are large enterprises and SMEs.
Regional Analysis:
The geographical analysis of the enterprise data integration market has been covered in this report for four regions, namely North America, Asia Pacific, Europe, and the Rest of the World (RoW). A detailed study of these regional segments on the basis of countries is also offered for presenting actionable intelligence. Due to early adoption of the technology, North America dominated the market place in 2018. It is presumed to maintain its hold over a substantial share of the enterprise data integration market across the assessment period. It can be attributed to rising installation of data centers and consolidation of key market players. The U.S. is presumed to dominate the enterprise data integration market. Increasing number of enterprises moving towards installation of software for data integration is supposed to accelerate the revenue growth of the enterprise data integration market.
More Information@
Enterprise Data Integration Market by Type, Size, Growth and Analysis – 2024 | MRFR
Enterprise Data Integration Market is assessed to reach USD 3.90 billion by 2024, registering a…
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