Integration Platform as a Service Industry


Sampeerzade1022

Uploaded on Sep 24, 2020

Category Technology

The global integration platform as a service market is expected to grow at a CAGR of approximately 22% during the forecast period 2017-2023

Category Technology

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Integration Platform as a Service Industry

Market Highlights The worldwide market for integration platform as a service (IPaaS) can attain a growth rate of close to 22% from 2017 to 2023, which is the forecast period, reveals Market Research Future (MRFR). Growing demand for integration platform as a service across various industry verticals is set to drive the growth of the integration platform as a service market. Increasing traction of cloud computing applications is one major factor responsible for fueling the growth of the global integration platform as a service market. Also, the extensive need for efficient processes for developing and managing enterprise applications and increasing deployment of the cloud-based application is another factor boosting the market growth. Top Drivers and Key Barriers The IPaaS market is growing on the backing of mounting awareness with regard to IPaaS among business enterprises and the soaring demand for business agility as well as faster scalability. High acceptance of SaaS application, along with the low price of ownership also benefits the market. With the growing use of cloud-based solutions, cloud integration is slowly becoming a significant challenge for enterprises. Numerous enterprises are opting for secure and reliable cloud integration, which are provided by solution providers called IPaaS. It helps create, manage, and execute integration workflows between on-premises applications as well as cloud-based data protocols. Soaring demand for integration platform as a service in a large number of industry verticals sets the pace for the integration platform as a service market. Rising popularity of cloud computing applications also induces the growth of the global integration platform as a service market. Apart from this, the extensive requirement for enhanced processes to develop and manage enterprise applications combined with the growing deployment of the cloud-based application can lead the market to greater heights in the near future. Regional Insight The global integration platform as a service market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the highest rate during the forecast period. The growth of the market in North America region is attributed to technological advancements and increased adoption of integration platform as a service application across various industry verticals. Segmentation: The global integration platform as a service industry has been analyzed on the basis of segments like service type, deployment, organization size, and vertical. The service types mentioned in the report are data transformation, cloud service orchestration, data integration, API management, business to business (B2B) & cloud integration, real-time monitoring & integration, training & consulting, support & maintenance, and application integration. Deployment-based segments in the market are private cloud, public cloud, and hybrid cloud. Considering the organization size, the market segments are small and medium enterprises (SMEs) and large enterprises. Vertical-wise, the market has been considered for healthcare, BFSI, education, manufacturing, government, IT & telecommunication, media & entertainment, and others. Leading Companies Some of the prominent players in the global integration platform as a service market are Dell Boomi, Inc. (U.S.), Informatica Corporation (U.S.), MuleSoft, Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SnapLogic, Inc. (U.S.), Celigo, Inc. (U.S.), Jitterbit, Inc. (U.S.), Scribe Software Corporation (U.S.), DBSync (U.S.), Flowgear (South Africa).