Press release
Integrated Platform as a Service Market - Pin-Point Analysis For Changing Competitive Dynamics
Enabling enterprises execute and govern the integration flows by connecting a wide range of data systems, processes and applications serves to be the key function of Integration Platform as a Service (IPaaS). The global market for IPaaS is characterized by increasing need for integration of business data among individual employees and across an enterprise.With rapid penetration of cloud technologies, the adoption of IPaaS continues to soar in business settings that work on cloud as well as on-premise integration models. IPaaS providers are identified for developing such unique services wherein customized integration needs of the enterprise are catered to, and deployment of these services ensures no additional installation of software of hardware.
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Key components of IPaaS solutions include either the service provided for integration tasks, or the software platforms developed to carry out these tasks. In 2017, a major share of revenues procured in the global IPaaS market are anticipated to come from sales of software platforms. However, over the forecast period, the end-users of IPaaS solutions will be shifting their focus from using a software platform to adopting a service.
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Implementation issues associated with IPaaS software platforms are being viewed to decelerate their revenue procurement traction in the global market over the forecast period. By the end of 2022, IPaaS software platforms will procure largest share as a component in the global IPaaS market. Although, the adoption of IPaaS services will be considerably rapid, and is anticipated to register a stellar 12.8% CAGR throughout the forecast period.
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