Enterprise Application Integration Market
Overview and Scope
Enterprise application integration (EAI) refers to the process of connecting different systems and software applications within an organization to enable them to work together seamlessly. The aim of enterprise application integration is to streamline business processes and improve efficiency by allowing various applications to share data and functionalities.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The enterprise application integration market report table of contents includes:
1. Executive Summary
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