The enterprise application integration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Application Integration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The enterprise application integration market size has grown rapidly in recent years. It will grow from $16.97 billion in 2023 to $19.74 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to data fragmentation, customer experience enhancement, regulatory compliance, supply chain optimization.
The enterprise application integration market size is expected to see rapid growth in the next few years. It will grow to $36.44 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to business continuity and resilience, focus on customer experience, focus on data governance and compliance, hybrid IT environments, growing adoption of cloud services. Major trends in the forecast period include microservices-based integration, expansion of low-code or no-code integration, rise of event-driven architectures, accelerated adoption of AI and machine learning, focus on API-led integration.
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Scope Of Enterprise Application Integration Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Application Integration Market Overview
Market Drivers –
The increasing adoption of cloud computing is expected to propel the growth of the enterprise application integration market going forward. Cloud computing refers to the delivery of computing services, including servers, databases, networking, and analytics, over the Internet. The adoption of cloud computing is increasing because it offers security along with cost savings, scalability, reliability, and innovation opportunities. Cloud computing facilitates seamless enterprise application integration due to its scalability, cost-effectiveness, and increased demand for accessibility and mobility. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, the adoption of cloud-based solutions in 2023 in the European Union increased by 4.2%, with 45.2% of enterprises purchasing cloud computing services, indicating a significant surge compared to 2021. Therefore, the increasing adoption of cloud computing is driving the growth of the enterprise application integration market.
Market Trends –
Major companies operating in the digital credential management software market are developing innovative technologies, such as the Decentralized Identity and Credential Exchange (DICE) platform, to increase their profitability in this market. The Decentralized Identity and Credential Exchange (DICE) platform is designed to facilitate the secure and efficient exchange of digital identities and credentials between different entities or organizations. For instance, in February 2023, Wipro Limited, an India-based information technology company, launched the Decentralized Identity and Credential Exchange (DICE) platform, which leverages blockchain technology to enable the issuance and verification of tamper-proof digital credentials. This platform allows users to securely and efficiently share private information online without contacting the issuing organization for verification. By utilizing blockchain, DICE ID stores credential structures securely, ensuring privacy while allowing quick verification. The platform is designed to revolutionize credential exchange, providing a trustworthy solution for industries such as healthcare, education, and freelancers.
The enterprise application integration market covered in this report is segmented –
1) By Deployment Type: On-Premise, Cloud, Hybrid
2) By Organization Size : Large Enterprises, Small And Medium-Sized Enterprises
3) By End User: Banking, Financial Services, And Insurance, Information Technology And Telecom, Healthcare, Retail, Government, Manufacturing, Other End Users
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Regional Insights –
North America was the largest region in the enterprise application integration market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise application integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the enterprise application integration market are Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., Accenture Plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Ltd., SAP SE, Salesforce.com Inc., Hewlett Packard Enterprise Development LP (HPE), Infosys Limited, VMware Inc., HCL Technologies, ServiceNow Inc., Workday Inc., EPAM Systems, Splunk Inc., Software AG, TIBCO Software Inc., Persistent Systems, Progress Software Corporation, Chetu Inc., iTransition Group, Fingent Corporation
Table of Contents
1. Executive Summary
2. Enterprise Application Integration Market Report Structure
3. Enterprise Application Integration Market Trends And Strategies
4. Enterprise Application Integration Market – Macro Economic Scenario
5. Enterprise Application Integration Market Size And Growth
…..
27. Enterprise Application Integration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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