Study on Future Growth Drivers of the Cloud Integration Market
The global cloud integration market has been segmented on the basis of deployment model type, integration type, end-user type, different industry verticals and geographical regions. By types of deployment model, the market has been divided into private, public and hybrid cloud deployment model. On the basis of integration type, the global cloud integration market has been classified into cloud to cloud, cloud to on-premise, on-premise to on-premise, and business to business (b2b) integration. On the basis of various end-users type, the market is segmented into large and small and medium enterprises (SMEs). By different industry verticals, the market is broadly classified into Banking, Financial Service & Insurance (BFSI), supply chain & manufacturing, IT & telecommunication, healthcare, logistics & transportation, public sector and others. Geographically, the market is characterized into Americas, Europe, Asia Pacific and rest of the World (RoW). North America is projected to continue its dominance during the forecast period. This is due to the high number of cloud computing services in the region with and easy deployment, greater agility, enterprise mobility, scalability of cloud platforms.
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The rising number of cloud computing services such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) are identified as the major factors boosting the cloud integration market growth across the world. This is further driven by the growing number of SMEs worldwide with low capital expenditure (CAPEX) requirements are looking for cost-efficient cloud services to run their businesses. The global cloud integration market is currently restricted by several data security and issues with low market awareness among the users.
Some of the key players in the global Cloud Integration market are:
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