Data Integration Software in IT and Telecom
The telecom sector has always embraced data integration tools to gain operational effectiveness, as it receives data from numerous disparate data systems established in a telecom company. The interoperability among systems such as telecom units, billing units, mediation systems, and service locations is must to gain wider control of the operational effectiveness. Real-time streaming data analysis and data correlation from multiple sources are the drivers for the growth of data integration tools in the telecom sector. The IT and telecom industry is one of the fastest evolving industries, which is constantly challenged by the change in technologies.
COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY
15 companies offering Data Integration Software in IT and Telecom were analyzed, shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.
Informatica, Microsoft, IBM, Oracle, Talend, and SAP have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.
Jitterbit, Stone Bond, Syncsort, Scribe Software, Attunity, Actian, Information Builders and Denodo have been identified as innovators as these vendors have a very focused product portfolio. However, they do not have very strong growth strategies for their overall business.
Boomi and Cisco Systems have been recognized as dynamic differentiators.
Vendor evaluations are based on two broad categories: product offering and business strategy. Each category carries various criteria, based on which vendors have been evaluated. The evaluation criteria considered under product offerings include breadth of offering, delivery, features/functionality, product quality and reliability, and product differentiation. The evaluation criteria considered under business strategy include geographic footprint (on the basis of geographic presence), channel strategy and fit, vision alignment, and effectiveness of growth (on the basis of innovations, partnerships, collaborations, and acquisitions).
Visionary Leaders generally receive high scores for most evaluation criteria. They provide mature and reputable data integration services. They also have strong business strategies. Informatica, Microsoft, IBM, Oracle, Talend, and SAP are the leading players in the data integration software market and are recognized as leaders. These vendors are making their presence felt by offering services that are required by most organizations.
Innovators demonstrate substantial product innovation as compared to their competitors. They have a very focused portfolio of data integration software solutions and the potential to build strong business strategies for their business growth to be at par with the leaders. However, they do not have very strong growth strategies for their overall business. Jitterbit, Stone Bond, Syncsort, Scribe Software, Attunity, Actian, Information Builders and Denodo are recognized as innovators. Innovators have been at the forefront in deploying their services based on the clients’ custom software requirements for the niche market.
Dynamic Differentiators are established vendors with very strong business strategies. However, they are low in the product portfolio. They generally focus on a specific type of technology related to the product. Boomi and Cisco Systems are recognized as dynamic differentiators.
EMERGING COMPANIESEmerging players specialize in offering highly niche and tailor-made solutions and services to their clients. They do not have very strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before gaining significant market traction.
Frequently Asked Questions
What is the current and future market outlook for Data Integration Software?The overall data integration market is expected to grow from USD 6.44 billion in 2017 to USD 12.24 billion by 2022, at a CAGR of 13.7% from 2017 to 2022. The major drivers driving the growth are Demand for tools that can combine several heterogeneous data sources and Rise of cloud computing creating a demand for effective data integration tools and practices.
How have the Data Integration Market seen growth and what are the contributing factors?Data integration market growth is attributed to demand for tools combining several heterogeneous data sources and rise of cloud computing, creating demand for effective data integration tools and services. There has been a massive amount of data generation from multiple systems in various organizations. Data integration has provided relevant solutions to look into this data, as consolidated information in a consistent manner. The technology has provided a unified and consistent view to enterprise data. Major technologies used for data integration include ETL, EAI, and EII. Major applications of data integration lie in providing enterprise data warehouse required for business analytics and business intelligence needs.
Which are the key challenges faced by the organisations in Data Integration Market?The 3 challenges faced by organisations are: Lack of standardization in enterprise data integration and management strategy, Lack of adoption of high-end ETL tools, Need for an upgraded data integration framework that incorporates big data platforms
Which technology of Data Integration Software will be delivering the highest growth?Cloud computing has observed rapid growth in the recent past and the technology has been already adopted by many organizations and others are planning to adopt it to increase their operational efficiency and the profit margin by effectively leveraging data. The cloud computing technology has given a new path to organizations for capturing data from disparate sources such as connected remote sensors in industrial use cases, distributed servers, web, and smartphones.
Which are the major segments of Data Integration Software market?The data integration market has been segmented, on the basis of component, into Tools and Services. The market for services is expected to grow at the highest CAGR between 2017 and 2022. Managed services play a crucial part in reducing overheads of the enterprises, facilitating them to be product focused and innovation friendly. Thus, services play a pivotal role in transforming new-age enterprises, which are laid on the pillars of Volatility, Uncertainty, Complexity, and Ambiguity (VUCA) in today’s dynamic world. The services segment in the data integration market is expected to witness the highest growth rate in the coming years, which is evident from the proliferating product adoption in the present year.
Who are the key players that provide Data Integration tools and services?Vendor included are SAP SE (Germany), SAS Institute Inc. (US), Cisco System Inc. (US), Information Builders (US), Actian Corporation (US), Syncsort (US), Pitney Bowes Inc. (US), IBM (US), Informatica Corporation (US), Oracle Corporation (US), Talend (US), Microsoft Corporation (US), HVR Software (US), Denodo Technologies (US), and Attunity Ltd. (US). These vendors adopted different types of organic as well as inorganic growth strategies such as new product launches, partnerships and collaborations, and mergers and acquisitions to expand their offerings in the data integration market.
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Scribe ready-to-go connectors adapt to software updates, it is a simple graphical interface for code-free customization and management tools that keep things working smoothly. Scribe, works with connecting data among apps that our business groups are always asking for new data integrations which in turn helps in driving business efficiency. Scribe’s Agile Integration Platforms helps for large Enterprises, Small to Medium Businesses, Systems Integrators, and SaaS Providers. Sribe offers a lot of flexibility and configurability so one can connect data from one system to just about any other system we need to. Scribe also offers connectors to many other enterprise applications, so one has the option to streamline data movement to other systems in the future.
Jitterbit delivers powerful, flexible, & easy to use data and application integration solutions. Jitterbit allows companies of all sizes to integrate any On-Premise, Cloud , Social, or Mobile application. Jitterbit's graphical "No-Coding" approach accelerates and simplifies the configuration and management of complex integration projects. Jitterbit helps in removing the complexity from data integration with visual interface and wizard-driven tools. The company is effectively capturing, managing and leveraging raw data to derive meaningful business intelligence (BI) for enterprises. The company builds data integration and ETL processes, with business experts deploying the data integration technology. Jitterbit’s powerful ETL tools and data integration solutions provide an intuitive, easy-to-use interface that simplifies data integration.