The Application Integration Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Application Integration Global Market Report 2024, The application integration market size has grown exponentially in recent years. It will grow from $15.96 billion in 2023 to $19.43 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to increased awareness and early diagnosis, collaboration between healthcare stakeholders, growing prevalence of autoimmune disorders, government support for rare diseases, improvements in patient education.
The application integration market size is expected to see exponential growth in the next few years. It will grow to $41.84 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to continued research in immunology, personalized medicine approaches, global health initiatives for autoimmune diseases, expansion of rare disease treatment programs, patient advocacy and support.. Major trends in the forecast period include advancements in targeted therapies, personalized medicine approaches, growing research on novel drug classes, emphasis on early diagnosis and intervention, collaborative research and clinical trials
The increasing attack surface for cyber threats is expected to propel the growth of the application integration market going forward. A cyber threat refers to a malicious act or activity targeting computer systems, networks, devices, or data, with the intent to compromise their integrity, confidentiality, or availability. Application integration facilitates the effective exchange of data and information between security tools, systems, and apps, which is essential for the identification of cybersecurity threats. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based government agency, the number of cybercrime reports received over 76,000, which is an increase of nearly 13% from 2021. Therefore, the increasing attack surface for cyber threats is driving the growth of the application integration market.
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The application integration market covered in this report is segmented –
1) By Integration Type: Point-To-Point Integration, Enterprise Application Intergration, Enterprise Service Bus, Integration Platform As A Service, Hybrid Integration
2) By Integration Technologies: Middleware Solutions, Application Programming Interface Management, Integration Platform as a Service (iPaaS)
3) By Offering: Platforms, Services
4) By Application: Consumer Relationship Management, Enterprise Resource Planning, Human Resource Management System, Supply Chain Management, Business Intelligence, Electronic Health Record Management, Other Applications
5) By Vertical: Banking, Financial Services, And Insurance, Retail And E-Commerce, Manufacturing, Healthcare And Life Sciences, Energy And Utilities, Automotive, Transportation And Logistics, Government And Public Sector, Other Verticals
Major companies operating in the application integration market are innovating new technologies such as the Qristal software suite to increase their profitability in the market. The Qristal software suit is an effective tool for researchers and developers to investigate the usefulness or utility of quantum computing in practical applications. For instance, in March 2023, Quantum Brilliance, an Australia-based quantum computing hardware company launched Qristal software suit for application integration. It offers complete C++ and CUDA feature integration, enabling users to create and test high-performance software. This implies that the suite may be used to create and incorporate quantum computing capabilities into already-existing applications, possibly improving their functionality. The Qristal software package is an essential component of Quantum Brilliance’s expansion and dominance in the quantum computing industry.
The application integration market report table of contents includes:
1. Executive Summary
2. Application Integration Market Characteristics
3. Application Integration Market Trends And Strategies
4. Application Integration Market – Macro Economic Scenario
5. Global Application Integration Market Size and Growth
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26. South America Application Integration Market
27. Brazil Application Integration Market
28. Middle East Application Integration Market
29. Africa Application Integration Market
30. Application Integration Market Competitive Landscape And Company Profiles
Top Major Players:
- Microsoft Corporation
- Dell Inc
- International Business Machines Corporation
- Deloitte Touche Tohmatsu Limited
- Oracle Corporation
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