The integration platform as a service 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.
Integration Platform As A Service 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 integration platform as a service market size has grown exponentially in recent years. It will grow from $4.13 billion in 2023 to $5.35 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to cloud adoption and evolution, shift towards hybrid it environments, complexity of enterprise applications, api economy and api-centric integration, rapid growth in saas adoption..
The integration platform as a service market size is expected to see exponential growth in the next few years. It will grow to $15.5 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. The growth in the forecast period can be attributed to continue adoption of hybrid and multi-cloud environments, increasing demand for real-time data integration, integration of ai and machine learning capabilities, scalability and flexibility requirements, ecosystem expansion and connectivity offerings.. Major trends in the forecast period include continuous improvement in integration monitoring and analytics, shift towards citizen integrators and self-service models, growing importance of data governance and compliance, focus on api-centric integration, acceleration of digital transformation initiatives..
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Scope Of Integration Platform As A Service 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.
Market Drivers –
The increase in inclination towards cloud-based solutions across the globe is expected to drive the growth of the integration platform as a service (iPaas) market. Due to pandemics, demand for cloud-based solutions and services increased due to the sudden shutdown of schools, corporates, enterprises, and more. Quick deployment, data security, automatic software updates, unlimited storage capacity, and more are some advantages gained from cloud-based solutions. According to Gartner, a management consultancy firm, cloud computing expected to account for more than 45% of IT spending on system infrastructure, infrastructure software, application software, and business process outsourcing by 2024. The increase in the spending on cloud services shows the demand for cloud-based solutions. Therefore, the increasing demand for cloud-based solutions across the globe drives the market for integration as a service.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The integration platform as a service market covered in this report is segmented –
1) By Cloud: Private Cloud, Hybrid Cloud, Public Cloud
2) By Service Type: API Management, B2B Integration, Data Integration, Cloud Integration, Application Integration, Other Services
3) By Verticals: Education, Healthcare And Life Science, Government And Public Sector, Consumer Goods And Retail, Banking, Financial Services, And Insurance, Other Verticals
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Regional Insights –
North America was the largest region in the integration platform as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integration platform as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the integration platform as a service market report are Boomi Inc., Informatica Inc., SAP SE, Oracle Corporation, MuleSoft LLC, The International Business Machines Corporation, Microsoft Corporation, TIBCO Software Inc., SnapLogic Inc., Dell Technologies Inc., Jitterbit Inc., Workato Inc., Celigo Inc., Scribe Software Corporation, Talend Inc., WSO Inc., Tray. io, Cloud Elements Inc., RoboMQ Inc., Cyclr Systems Ltd, Azuqua Inc., Zapier Inc., DBSync, elastic. io, Flowgear, Seeburger AG, Liaison Technologies, Cleo, Amazon. com Inc., Google LLC
Table of Contents
1. Executive Summary
2. Integration Platform As A Service Market Report Structure
3. Integration Platform As A Service Market Trends And Strategies
4. Integration Platform As A Service Market – Macro Economic Scenario
5. Global Integration Platform As A Service Market Size and Growth
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31. Global Integration Platform As A Service Market Competitive Benchmarking
32. Global Integration Platform As A Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Integration Platform As A Service Market
34. Integration Platform As A Service Market Future Outlook and Potential Analysis
35. Appendix
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