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Data Integration Market to Grow by USD 10.94 Billion (2024-2028), Driven by Growing Demand for Data Integration, AI-Powered Report Explores Market Evolution – Technavio

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NEW YORK, Nov. 12, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global data integration market size is estimated to grow by USD 10.94 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.88% during the forecast period. High need for data integration is driving market growth, with a trend towards increased adoption of cloud-based integration solutions. However, lack of comprehensive integration strategies poses a challenge.Key market players include Adeptia Inc., Alphabet Inc., Cisco Systems Inc., Denodo Technologies Inc., HCL Technologies Ltd., Hevo Data Inc., Hitachi Ltd., Informatica Inc., International Business Machines Corp., Jitterbit Inc., Microsoft Corp., Oracle Corp., Precisely, QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, Talend Inc, and TIBCO Software Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

End-user (IT and telecom, Healthcare, BFSI, Government and defense, and Others), Component (Tools and Services), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Adeptia Inc., Alphabet Inc., Cisco Systems Inc., Denodo Technologies Inc., HCL Technologies Ltd., Hevo Data Inc., Hitachi Ltd., Informatica Inc., International Business Machines Corp., Jitterbit Inc., Microsoft Corp., Oracle Corp., Precisely, QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, Talend Inc, and TIBCO Software Inc.

Key Market Trends Fueling Growth

Data integration is a crucial aspect of business operations, enabling the connection and transfer of data between various systems and applications. This market is witnessing significant trends, including data transformation, analytics solutions, and business intelligence. Data assets, such as data warehouses, are becoming more valuable as businesses seek to gain insights from their data. Automation, cloud-based software, and enterprise connectivity are key drivers in this space. Fraud detection, data enrichment, and data science are also important trends, helping businesses make informed decisions and improve customer experiences. Consulting, training, and technical support are essential services in the data integration market. Hybrid data integration, cloud platforms, and data exchange are also gaining popularity. The retail sector and large company sector are major consumers of data integration solutions, as they deal with vast amounts of data from various sources. Data mapping, transformation tools, data capture, data profiling, and data quality are essential components of data integration. Data governance, workforce training and certifications, and cloud computing technology are also crucial elements in this market. Remote sensors and consumer behavior are emerging data sources, offering new opportunities for businesses. Recruitment firms and the operations segment are also adopting data integration for business automation and corporate reporting. Big data and enterprise analytics are driving the need for advanced data integration platforms. Cloud computing technologies are enabling more efficient and cost-effective data integration. 

Organizations are transitioning their IT infrastructure to cloud computing solutions for cost savings and flexibility. One significant application of cloud computing is in supply chain management (SCM) systems. Cloud-based SCM systems enable seamless integration with other back-office systems, allowing for faster data exchange. Cloud-based integration services come in two forms: integration platform-as-a-service (iPaaS) and data platform-as-a-service (dPaaS). IPaaS offers cloud-based integration solutions without the need for physical IT infrastructure. These services enable enterprises to exchange data internally and externally for various commercial applications. The popularity of cloud-based integration services stems from their availability of faster connectivity features, making them an essential component of modern business operations. 

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Market Challenges

Data integration is essential for businesses to connect and combine data from various sources for better insights and decision-making. However, integrating data from diverse systems, transforming it into a usable format, and ensuring data quality can be challenging. Analytics solutions and business intelligence tools rely on accurate and timely data from multiple data assets, including data warehouses. Automation, cloud-based software, and data enrichment are key to overcoming integration challenges. Fraud detection and enterprise connectivity are also critical for safeguarding data assets. Data science and software tools aid in data mapping, consulting, training, and technical support. Hybrid data integration platforms and cloud platforms enable data exchange between on-premises and cloud data sources. Consumer behavior, recruitment firms, and the operations segment benefit from data integration in business automation. Data integration solutions are vital for large companies in the retail sector and other industries to manage their customer base, data sets, and data exchange effectively. Transformation tools, data capture, data profiling, and data governance are crucial for ensuring data quality and workforce training and certifications. Cloud computing technologies, including remote sensors, enable real-time data capture and analysis.In today’s complex IT landscape, organizations require a strategic approach to maintain smooth operations. A holistic view of the entire IT infrastructure is essential to identify integration touchpoints between various systems. Service-oriented architecture (SOA) assists in managing application and service delivery within an organization. Enterprises typically allocate over 8% of their revenue towards IT budgets, encompassing application integration, mobile data integration, and on-premises cloud application integration. Without a comprehensive integration strategy, CIOs may create customized solutions for each business challenge, resulting in a heterogeneous environment that is difficult to manage and costly to maintain.

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Segment Overview 

This data integration market report extensively covers market segmentation by

End-user 1.1 IT and telecom1.2 Healthcare1.3 BFSI1.4 Government and defense1.5 OthersComponent 2.1 Tools2.2 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 IT and telecom- In the telecom sector, businesses rely on Operational Support Systems (OSS) and Business Support Systems (BSS) to manage communication networks and customer management activities. With the rise of IoT and smart devices, integrating multiple systems has become essential for seamless communication. Telecom companies compete on service quality and advanced technologies like 4G LTE and WiMax. They automate operations by integrating back-office and front-office systems for invoicing, accounting, and order management. Cloud-based solutions offer lower upfront investments, leading to their increasing adoption. Disruptive technologies like cloud and virtualization are transforming ICT infrastructure, driving the need for data integration in back-end systems. These factors are expected to fuel growth in the telecom segment of the global data integration market.

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Research Analysis

Data integration is the process of combining data from various sources into a unified and cohesive format, enabling seamless data flow between systems and applications. This process is essential for businesses to gain valuable insights through analytics solutions and business intelligence. Data assets, such as data sets and data warehouses, play a crucial role in data integration, providing a centralized repository for data transformation and enrichment. Automation, cloud-based software, and data mapping are key technologies driving the data integration market. Automation streamlines the data integration process, reducing manual effort and errors. Cloud-based software offers flexibility, scalability, and cost savings. Data mapping ensures accurate data translation between systems. Data integration platforms provide consulting, training, and technical support services to help businesses implement and optimize their data integration solutions. Hybrid data integration allows businesses to integrate data from both on-premises and cloud-based systems, providing a comprehensive solution for enterprise analytics and corporate reporting. Fraud detection and data science are also important applications of data integration, helping businesses identify anomalies and gain insights from their data. Software tools and data integration solutions enable businesses to automate their data warehouses, ensuring accurate and timely reporting and analysis.

Market Research Overview

Data integration refers to the process of combining data from various sources into a unified and cohesive format. This is essential for businesses to gain valuable insights through analytics solutions and business intelligence. Data assets from diverse data sets are transformed and loaded into data warehouses for analysis. Automation and cloud-based software play a significant role in streamlining data integration processes, enabling real-time fraud detection and data enrichment. Enterprise connectivity ensures seamless data exchange between different systems, while data mapping and consulting services help in managing complex data integration projects. Data integration platforms on cloud platforms facilitate hybrid data integration, catering to the needs of various sectors like retail and large companies. Data integration solutions also support data warehouses for corporate reporting and enterprise analytics. Big data and cloud computing technologies enable the integration of data from remote sensors and other sources, expanding the customer base and enhancing business automation. Transformation tools like data capture, data profiling, data quality, and data governance ensure the accuracy and reliability of integrated data. Workforce training and certifications in data integration and related technologies are crucial for effective implementation and management of data integration projects.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIT And TelecomHealthcareBFSIGovernment And DefenseOthersComponentToolsServicesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cineverse Podcast Network Expands with Midnight Pulp and RetroCrush Audio Series, and New True Crime Show Creepy Places

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New Shows Join Top-10 Podcast Network as it Celebrates Record Growth Driven by Popular Horror Lineup Under the BloodyFM Sub-brand

LOS ANGELES, Nov. 25, 2024 /PRNewswire/ — Cineverse Podcast Network, the audio division of next-gen entertainment studio Cineverse (Nasdaq: CNVS), has today announced a major expansion that goes well beyond its horror roots. Now home to popular entertainment, true crime and horror podcasts, the Cineverse Podcast Network is well-positioned to build upon its recent success.

In fact, Cineverse has grown its podcast revenue 98% during the fiscal quarter that ended Sept. 30 year over year and 60% from the previous quarter. The Cineverse Podcast Network also recorded 15 million downloads and listens in October, setting a new monthly record.

Among the drivers of this growth is Creepy Places: A True Crime Podcast, which recently launched via a partnership between Cineverse’s fan-first horror brand Bloody Disgusting and host Jon Grilz. The popular show at the intersection of true crime and historical hauntings has attracted 1.3 million monthly downloads since premiering in September and joins other additions to Cineverse’s growing podcast portfolio:

The iconic horror brand Dead Meat brings its dedicated fan base and over 200 episodes to Cineverse with the recently signed Dead Meat Podcast, hosted by Chelsea Rebecca and James A. Janisse, creators of the Dead Meat YouTube channel with over 6.6 million subscribers.Extending Cineverse’s popular action/cult movie streaming brand of the same name, Midnight Pulp will premiere in 2025. Hosted by Diana Prince, who plays “Darcy the Mail Girl” on Shudder’s top series The Last Drive-in with Joe Bob Briggs, each episode of the podcast will explore an entry from the streaming video channel, with Prince taking questions from listeners on everything from relationship advice to movie recommendations.Following a soft launch earlier this year, RetroCrush is Cineverse’s first official podcast created for anime fans. Hosts Malcolm Crawford, C2 and “it’s Eman” – three well-known anime fans – explore the hidden gems and popular shows featured on Cineverse’s RetroCrush streaming channel in weekly episodes.

“From partnering with talent and IP that come with pre-existing fan bases, to leveraging our owned-and-operated brands like Bloody Disgusting, Midnight Pulp and RetroCrush – all part of the company through strategic acquisitions from the past few years – we have quietly built one of the industry’s top podcast networks,” said Cineverse President and Chief Strategy Officer Erick Opeka. “Creators and partners – including advertisers, platforms and studios – are seeing this success and now coming to us to explore opportunities to work together in audio, and we are well-positioned to grow even further in the new year.”

These new podcasts follow other recently released shows on the Cineverse Podcast Network:

Mayfair Watchers Society: The chart-topping fiction podcast returned in May with Season 2, featuring 24 episodes every other week. Created in partnership with Trevor Henderson, the author of Scarewaves and prominent horror artist, the series brings Henderson’s creatures to life and features a full cast, original music and immersive sound design.Nightmare Soup: The horror fiction anthology podcast also premiered earlier this year, taking listeners back to their favorite horror stories from childhood. Inspired by iconic books like Scary Stories to Tell in the Dark and Goosebumps, the 10-episode series airs every other Sunday.

Now home to more than 50 shows and ranking among the top 10 podcast networks by audience, the Cineverse Podcast Network has set the stage for significant ad sales growth over the next few quarters.

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation Terrifier 3, iconic horror destination Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant range of content and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Press Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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Neighborly Appoints Stacy Lynn Bourgeois as Chief Marketing Officer

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WACO, Texas, Nov. 25, 2024 /PRNewswire/ —  Neighborly®, the world’s largest home services company, today announced the appointment of Stacy Lynn Bourgeois as its new Chief Marketing Officer (CMO), effective December 2. She will serve as a member of Neighborly’s corporate leadership team and report directly to CEO Mike Davis.

Stacy Lynn brings a wide array of experience in business and brand strategy, organizational leadership, customer insight, data analytics, and marketing technology,” said Davis. “Her expertise and innovative approach to marketing will be instrumental in helping us better connect with our customers, differentiating our brands, making Neighborly and our service brands ridiculously easy to do business with while navigating an increasingly competitive landscape.”

The fanatical focus on the end consumer also serves Neighborly’s core mission of driving same-store sales growth with its franchise business owners. Bourgeois’ mixed background in both franchising and non-franchised business makes her uniquely qualified to deliver for both our customers, end-consumers, and franchise business owners.

Bourgeois is a strategic marketer who has driven double-digit growth while compiling a breadth of experiences. Throughout her career, she has launched new physical and digital products as well as a new restaurant concept at Yum! brands, stood up several new teams such as performance marketing and data science, implemented a new marketing technology stack, and led Pizza Hut through an agency review and countless creative campaigns.

She joins Neighborly from Amazon, where she broadened her scope from marketing to business more holistically in roles such as Global Head of Product, Quality & Operations for Amazon Renewed or U.S. Head of Musical Instruments. In her time with Amazon, she’s enhanced the discoverability of preowned products, increased conversion rates, simplified customer experience, improved operations, and owned a multibillion-dollar P&L. Even in general management-focused roles, she’s anchored on driving growth through the customer – such as offering free lessons with an instrument purchase on Amazon.

I am thrilled to be joining the incredible team at Neighborly and support our franchise owners,” said Bourgeois. “Customers invite Neighborly and our brands into their homes, which is deeply personal and requires tremendous trust. My goal is to earn this trust by listening to and innovating for customers in a way that builds lasting relationships with our amazing brands.”

Bourgeois will be based in Irving, Texas.

About Neighborly®

Neighborly® is the world’s largest home services company with more than 30 brands and 5,500 franchises collectively serving 14 million+ customers by repairing, maintaining, and enhancing their homes and businesses. Through Neighborly.com and the Neighborly mobile app, we connect consumers to local service providers that meet rigorous franchisor standards across 19 service categories. More information about Neighborly, and its franchise concepts, is available at Neighborlybrands.com. To learn about franchising opportunities with Neighborly, click here.

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SOURCE Neighborly

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EHA Highlights Commitment to Innovation and Collaboration at ASH Annual Meeting

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THE HAGUE, Netherlands, Nov. 25, 2024 /PRNewswire/ — The European Hematology Association (EHA) will showcase its dedication to advancing research and fostering collaboration at the 66th American Society of Hematology (ASH) Annual Meeting and Exposition from December 7-10, 2024, in San Diego, California, USA.

The partnership between EHA and ASH is testament to both organizations’ commitment to progress and improving patient care. The EHA-ASH Joint Symposium, scheduled for Sunday, December 8 from 12:30-13:30 (PDT), will focus on myelodysplastic syndromes, showcasing expert insights from Amy DeZern of Johns Hopkins University and Matteo Della Porta of Humanitas Cancer Center. EHA President Antonio Almeida remarked, “The collaboration between EHA and ASH holds immense significance for the global medical community. Both organizations serve as pivotal platforms for advancing the understanding, research, education, and treatment of blood disorders. […] By combining our strengths, together, we can enhance research, education, advocacy, and patient care, generating significant benefits that resonate across nations and communities.” This joint session is another milestone in a fruitful collaboration that continues to shape the future of hematology.

In 2024, EHA reached unprecedented levels of engagement, connecting more professionals than ever. Membership surged by 25%, bringing EHA’s community to over 8,300 members, and the EHA2024 Congress attracted a record-breaking 17,900 delegates. This growth reflects EHA’s commitment to a member-focused approach, empowering professionals to exchange knowledge, collaborate on research, and share best practices on a global scale.

HemaSphere, EHA’s peer-reviewed journal, has recently achieved a significant milestone with a 2023 Impact Factor of 11.9, ranking it seventh among hematology journals globally. This development is a testament to the high-quality, cutting-edge research that HemaSphere publishes and its value to the hematology community.

With a vision for “Borderless Hematology,” EHA will continue to drive global connectivity, innovation, and excellence.

ASH delegates are invited to learn about EHA at booth #300.

About EHA

The European Hematology Association (EHA) is a membership organization serving a community of over 8,000 medical professionals, researchers, and scientists with an active interest in hematology. EHA is the largest Europe-based organization connecting hematologists worldwide and supports career development and research, harmonizes hematology education, and advocates for hematologists and hematology.

Website: www.ehaweb.org

“Towards prevention, cure, and quality of life for all patients with blood disorders”.

Logo – https://mma.prnewswire.com/media/2461261/4811631/European_Hematology_Association_Logo.jpg 

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SOURCE European Hematology Association (EHA)

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