Data integration and integrity software market expected to triple by 2026
The data integration and integrity software market continues to grow, as organizations strive to get a unified view of the information they are gathering from numerous sources including enterprise applications, Web sites, social media, mobile devices and the Internet of Things.
The global market was valued at $7,92 billion in 2018, and is expected to reach $20.04 billion by 2026, according to a report earlier this year by research firm Fortune Business Insights. That represents a compound annual growth rate (CAGR) of 13% throughout the forecast period.
Integrating data effectively can help companies can make better strategic decisions and enhance business outcomes, according to the report. Over the years, there has been a growing need for applications that can use, integrate, relate, and access disparate information from different sources, it said.
Data integration and integrity software not only helps to secure data, but offers a way to manage and share data across different departments in increasingly complex IT environments.
“Data is becoming critical in every organization and data integration and integrity software is used to structure, access, and offer valuable insights into the data,” the report said. Increased demand for cloud-based data integration will likely help fuel the overall growth of the market in the coming years.