Press release
iPaaS Market Predicted to grow at a CAGR of 39.6% by 2025 | Leading Market Players - Informatica, Boomi Inc., MuleSoft, Inc., SnapLogic, Inc., Celigo, Inc., Jitterbit, Inc., IBM Corporation, Oracle Corporation.
iPaaS Market size was Expected to Reach at USD 1456 million by the end of 2025 from USD 470 million in 2017 and with a CAGR of 39.6% during the forecast period 2018-2025.
The Integration Platform as a Service (iPaaS) is a cloud-based application that integrates applications and databases. It can also be defined as a set of combinations based on the cloud, which allow end users to develop, manage, manage and integrate applications and services in a single and integrated infrastructure. The telecommunications sector represents the largest turnover, while BFSI is expected to be the fastest growing sector in the global iPaaS market during the forecast period. Among the size of the organization, large companies represent the main income.
Browse details of 146 number of pages research report developed on iPaaS Market Research Report @ https://www.researchcosmos.com/reports/global-ipaas-market-analysis-size-share-and-growth-opportunities-to-2021/7721502
iPaaS Market Key Drivers, Challenges, and Opportunities:
The global iPaaS market is driven by factors such as the need for business agility, greater corporate awareness of iPaaS, faster implementation and scalability, the growing adoption of SaaS applications and the reduction of transportation costs.
The total cost of ownership is an estimate of the expenses associated with the purchase, implementation, use and disposal of a product or equipment. The total cost of ownership quantifies the cost of purchase throughout the life cycle of the product. IPaaS also helps companies reduce their operating costs. For example, the total cost of ownership of a server includes a high purchase price, reduced system administration time and good technical support through its easy-to-use interface. Professional organizations use several methods to reduce the total cost of ownership. IPaaS helps companies analyze the total cost of ownership taking into account all intangible costs. These include the costs of maintaining and monitoring the purchase over time. With the help of iPaaS technology, companies are looking more closely at the scenario of their technology-related purchases, including the complete image and discovering areas where new efficiencies and improvements can be made.
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iPaaS Market – Regional Presence:
North America currently has the largest market share of iPaaS due to the strong adoption of cloud computing technologies by companies. The adoption of other software-defined models, such as SaaS and IaaS, also has a positive impact on the iPaaS market. Companies like Oracle and IBM are working to develop iPaaS platforms to improve market opportunities. In Europe, the market is experiencing a high growth rate due to the demand for cloud integration solutions without increasing the number of hardware components.
The Asia-Pacific region follows the Europe region and is expected to experience the highest growth rate in the coming years as a result of the adoption of managed services and the increasing adoption of integration services.
Some of the Key Players Profiled in this iPaaS Market Report are:
Some of the key players operating in the global iPaaS market are Informatica, Boomi Inc., MuleSoft, Inc., SnapLogic, Inc., Celigo, Inc., Jitterbit, Inc., IBM Corporation, Oracle Corporation, DBSync Ltd and Scribe Software Corporation.
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