Integration Platform As A Service Market Size, Share, Industry Analysis, Growth, Forecasts, 2032

Integration Platform as a Service Market Insights

According to the report published by Zion Market Research, the global Integration Platform as a Service Market size was valued at USD 6.51 Billion in 2023 and is predicted to reach USD 82.79 Billion by the end of 2032. The market is expected to grow with a CAGR of 32.65% during the forecast period. The report analyzes the global Integration Platform as a Service Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Integration Platform as a Service industry.

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Global Integration Platform as a Service Market: Overview

An integration platform as a service abbreviated as iPaaS is a cloud service delivery model that allows the user to implement API and process integration projects, applications, & data. With the use of IPaaS, it is possible to develop integration flows that connect applications existing on-premises or cloud and efficiently deploy them without any installation or management of any middleware or hardware.

Global Integration Platform as a Service Market: Growth Factors

The global integration platform as a service market is growing at a speedy rate. Some of the crucial factors that are augmenting the growth of the global market include the growing adoption of cloud solutions from enterprises, an increase in the implementation of advanced technologies in several industries in emerging countries, and the growing demand for data integration. An iPaaS solution has a wide range of applications and is not limited to business-to-business integration (B2B), application-to-application integration (A2A), cloud service integration (CSI), IoT integration, and mobile application integration (MAI) scenarios. In addition to this, numerous benefits are associated with iPaaS solutions such as without the addition of any management overhead & resource drain, it supports the IT team to navigate the fueling requirement from businesses for integration and providing built-in observability, threat detection, and monitoring tools.

Additionally, it is estimated that nearly 82% of the enterprise workload is likely to reside on the cloud and around 61% of the enterprise has cloud-based infrastructure. All such factors are propelling the growth of the global integration platform as a service market. Moreover, reduced cost of ownership and growing necessity for business scalability, faster deployment & agility are also the key features that are boosting the overall market growth. Furthermore, increase in demand for iPaaS from the organizations to streamline business processes may have remarkable opportunities for the growth of the global integration platform as a service market over the forecast period. However, requirement of high initial investment may hinder the growth of the global integration platform as a service market.

The first half of the year 2020 has severely hit the growth of the global integration platform as a service market owing to complete lockdown and disruption in value chain. On the other hand, most of the organizations permitted the employers to work from home owing to stay-at-home orders imposed by the government. This led to increase in adoption of cloud solutions from large as well as SMEs. Most of the manufacturers invested heavily in cloud solutions to enable easy remote working for the employees. All such factors increased the demand for integration platform as a service which in turn triggered the market growth and is expected to grow at a healthy growth rate during the forecast years.

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Global Integration Platform as a Service Market: Segmentation

The global integration platform as a service market is fragmented based on services, organization size, deployment mode, vertical, and region.

Based on the services, the global integration platform as a service market is segregated based on cloud service orchestration, support & maintenance, training & consulting, application integration, business to business (B2B) & cloud integration, real-time monitoring & integration, data integration, API management, and data transformation.

Based on the By organization size, the market is split into small & medium enterprises (SMEs) and large enterprises.

Based on the deployment mode, The deployment mode segment comprises hybrid cloud, private cloud, and public cloud.

Based on vertical segment, The vertical segment is divided into banking, financial services, & insurance (BFSI), telecommunication & information technology-enabled services (ITES), healthcare & life sciences, government & public sector, consumer goods & retail, manufacturing, and others.

Integration Platform as a Service Market: Report Scope

Global Integration Platform as a Service Market:  Regional Analysis

Regionally, North America is predicted to account for the maximum share in the global integration platform as a service market during the forecast period. Increase in development of iPaaS platforms and growing acceptance of cloud computing are the key factors fuelling the growth of the market in this region. Asia Pacific, on the other hand, is estimated to show fastest growth over the forecast period owing to increase in use of integration services & managed services.

Global Integration Platform as a Service Market: Competitive Players

The global integration platform as a service market is dominated by players like:

• Oracle Corporation
• IBM Corporation
• MuleSoft. Inc.
• Informatica Corporation
• Dell Boomi. Inc.
• Scribe Software Corporation
• Jitterbit. Inc.
• Celigo. Inc.
• SnapLogic. Inc.
• SAP SE
• And Others

The global integration platform as a service market is segmented as follows:

By Services

• Cloud Service Orchestration
• Support & Maintenance
• Training & Consulting
• Application Integration
• Business To Business (B2B) & Cloud Integration
• Real-Time Monitoring & Integration
• Data Integration
• Api Management
• Data Transformation

By Organization Size

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Deployment Mode

• Hybrid Cloud
• Private Cloud
• Public Cloud

By Vertical Segment

• Banking
• Financial Services & Insurance (BFSI)
• Telecommunication & Information Technology-Enabled Services (ITES)
• Healthcare & Life Sciences
• Government & Public Sector
• Consumer Goods & Retail
• Manufacturing
• And Others

Global Integration Platform as a Service Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.