Overview and Scope
The integration platform as a service refers to a group of automated technologies that combines software programs that are installed in various contexts. The integration platform automates the integration activities that make connecting applications and deployment data in any environment easy. Using IPAAS can build and deploy the integration in the cloud without installing any middleware or hardware.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The integration platform as a service market report table of contents includes:
1. Executive Summary
2. Integration Platform As A Service Market Characteristics
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
Top Major Players:
Boomi Inc.
Informatica Inc
MuleSoft LLC
The International Business Machines Corporation
Microsoft Corporation
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