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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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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

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SOURCE Enrollsy, Inc.

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