In 2016, the global Integration Platform as a Service market was worth USD 575.0 millions. IPaaS, a sub-category of Platform as a Service, is comprised of cloud technologies like cloud storage, cloud computing and other internet technologies. It also includes converged infrastructure and shared devices. The cloud's powerful storage, computing, and communication resources can be used to integrate data from multiple systems.
Lean management and lean approaches are not possible due to the high cost and complexity of infrastructure building. The IPaaS market's rapid innovation and need for a lean, faster Integrated platform has led to a rising interest in IPaaS. Many key players in the cloud computing and information technology industry have ventured out to invest in this sector due to the exponential growth in user subscriptions over the past few years.
Market trends appear to be moving ahead from the original structure of process synchronization and data synchronization. This was primarily focused on applications and data sources. The market is now dominated by Application Program Interface (API), creation and utilization of the IPaaS within the vast potential Internet of Things market and big data analysis market. Market growth is expected to be driven by innovation in the Integration technology to improve compatibility across different verticals.
Asia-Pacific is the fastest-growing Integrated Platform as a Services Market, growing at a rate of 25.0% from 2017 to 2024. Two major developing economies are located in the region, namely. China and India, as well as developed economies like Japan. The market is supported by the east Asian region as a manufacturing center for advanced electronic and electric sectors. The main drivers of the Integration Platform as A Service Market are industrialization and manufacturing growth.
The IPaaS market segment by Integration type includes four types of Integration: data, applications and application program interfaces (API), as well as process Integration. With a market value of USD 208.4 millions in 2016, the Application Program Interfaces Integration segment is expected to dominate. This segment will also see the fastest growth in the future, as many companies are expected to adopt an integrated platform as a module of their service.
Integration is the second most popular Integration. It will grow at a CAGR of 19.7% between 2024 and 2024. Nearly all sectors use this type of Integration to improve their processes. Globally, the demand for automation in the industry is driving the growth of process integration.
In the coming years, technologies related to data mapping and transformation, routing and orchestration and life cycle management tools, integration flow development and lifecycle management tools, API lifecycle management, B2B (Business to Business) and cloud Integration, Internet of things (IOT), are expected to dominate. These technologies can be integrated using the IPaaS platform.
The market's growth has been accelerated by the IoT revolution. Its diverse applications include the development of interactive software platforms, cloud computing platforms, and hardware equipment to keep you safe and secure. To keep pace with market dynamics, the major players are investing substantial resources in product development.
In the next decade, automation will drive demand for integrated platforms as a service technology. The market is expected to grow at a significant pace due to growing demand from metal, machinery, food and beverage industries, as well as the plastics and rubber industry.
IoT and AI will both experience rapid growth with the advent of cloud/ fog Computing and other big data technologies. Innovations in smart sensors and intelligent sensors that can combine AI and IoT to provide real time feedback and data have greatly contributed to technology adoption.
North America is expected be a major region for the IPaaS due to its strong service sector. This region was responsible for more than 55.7% of the revenue share in 2016, and it is expected to grow to over USD 1,337.1million by 2025. Market growth is driven by the need to integrate multiple applications and processes into a single platform.
Asia Pacific is expected to be the fastest growing region due to its strong economies like Australia, India, China and China. Regional growth is being boosted by the increasing use of cloud computing in retail. Demand will also be driven by the strong adoption of cloud computing in manufacturing.
Global market share is dominated by key competitors like Snaplogic, MuleSoft and Dell Boomi. Jitterbit and Microsoft are other prominent players. These players participate in research and development activities to create platforms that conform with regulatory standards set by government authorities.
Market participants are able to create innovative products due to fierce competition. Partnerships and strategic investments are expected to be the best way to quickly access emerging markets.
This report provides a forecast of revenue growth at the country, regional and global levels. It also analyzes the industry trends for each sub-segment from 2015 to 2024. Up Market Research has divided the Integrated Platform As a Service market based on Integration type, services and deployment.
Integration type Outlook (Revenue USD Million; 2015-2025)
Data Integration
Integration of Application
Integration of Application Program Interfaces (API).
Integration of Process
Services Outlook (Revenue USD Million; 2015-2025)
Data mapping and data transformation
Orchestration and routing
Tools for life cycle management and integration flow development
API life cycle management
Cloud Integration and Business to Business (B2B).
Internet of Things
Other
Forecast for Deployment (Revenue, USD million; 2015-2025)
Cloud
On-Premise
Hybrid
Regional Outlook (Revenue USD Million; 2015-2025)
North America
Europe
Asia Pacific
RoW
Up Market Research published a new report titled “Integration Platform as a Service Market research report which is segmented by Deployment (Hybrid, On-Premise, Cloud), by Integration Type (Data, Process, API, Application), By Players/Companies Integration type Outlook (Revenue USD Million; 2015 - 2025)Data IntegrationApplication IntegrationApplication Program Interfaces (API) IntegrationProcess Integration, Application Program Interfaces (API) Integration, Data Integration, Application Integration, Process Integration”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Integration Platform as a Service Market Research Report |
By Deployment | Hybrid, On-Premise, Cloud |
By Integration Type | Data, Process, API, Application |
By Companies | Integration type Outlook (Revenue USD Million; 2015 - 2025)Data IntegrationApplication IntegrationApplication Program Interfaces (API) IntegrationProcess Integration, Application Program Interfaces (API) Integration, Data Integration, Application Integration, Process Integration |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Deployment (Hybrid, On-Premise, Cloud), by Integration Type (Data, Process, API, Application).
Integration Platform as a Service Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Integration Platform as a Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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