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Integration Platform as a Service Market Expected to Reach USD 2 billion, Globally, By Top Key Players: Dell Boomi, Inc. (U.S.), Informatica Corporation (U.S.), MuleSoft, Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany) and

07-29-2019 10:17 AM CET | IT, New Media & Software

Press release from: Market Research Future

Integration Platform as a Service Market

Integration Platform as a Service Market

Market Highlights

The global integration platform as a service market is projected to surge at a CAGR of approximately 22% during the forecast period (2017-2023), asserts Market Research Future (MRFR) in its extensive report. Rising demand among the end users for integration platform as a service solution is driving the growth of the market. Additionally, innovations and advancements in technology, and increasing market for integration platform as a service is responsible for driving the market growth.

Oracle Corporation offers a rich palette of technically integrated platform solutions which are designed to increase agility, reduce the costs, and the complexities involved in the implementation of IT. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Increasing adoption of cloud computing among the enterprises is one major factor driving the growth of this market.

Some of the major trends in the iPaaS market include increasing adoption of internet of things (IoT), growing importance of personal cloud, and constant evolution of big data. Progressing need of organizations to streamline business processes and digital transformation are some major opportunities that can drive the market growth.

Hospitals and healthcare service providers are likely to make use of IPaaS for integration of documentation processes as well as supplies management. On the other hand, pharmaceutical companies are anticipated to implement iPaaS for consolidating their manufacturing with drug development operations. Moreover, iPaaS in education industry will enable schools to streamline and organize their daily operations, and also control the access to information and data through integrated platforms.

However, the key challenge in the iPaaS market is the lack of data security solutions. Nonetheless, the market is on an upward rise due to increasing adoption of iPaaS platforms among small and medium level enterprises for integration, which will definitely propel the market to higher levels.

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Key Players:

Dell Boomi, Inc. (U.S.)
Jitterbit, Inc. (U.S.)
Scribe Software Corporation (U.S.)
DBSync (U.S.)
Flowgear (South Africa)
MuleSoft Inc. (U.S.)
IBM Corporation (U.S.)
Oracle Corporation (U.S.).
According to Market Research Future Analysis, the Global Integration Platform as a service market is estimated to generate revenue of approximately USD 2 Billion by 2023 growing at a CAGR of 22% during the forecast period 2017-2023.

Segmentation:

The global integration platform as a service market is segmented by service type, deployment, organization size and vertical. Based on service type, the market is segmented into cloud service orchestration, data transformation, API management, data integration, real-time monitoring & integration, business to business (B2B) & cloud integration, application integration, training & consulting and support & maintenance. The cloud service orchestration sub-segment is expected to hold the largest market share of the integration platform as a service market during the forecast period. Whereas, the application integration service sub-segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing demand for integration platform services across various industry verticals. However, the high initial investments and interoperability issues are major factors that could cause hindrance in the growth of global integration platform as a service market.

Regional Analysis:

Regionally, the market is spread across Asia Pacific, North America, Europe, and Rest-of-the-World (RoW).

North America is anticipated to hold the largest share of the market, whereas Asia Pacific is projected to grow at the highest rate during the forecast period. The growth of the market in North America region can be attributed to technological advancements along with increased adoption of integration platform as a service application across various industry verticals. Large investments in research & development, early adoption of new & emerging technologies, coupled with the presence of a large number of players in this region also leave a colossal impact on the market.

Key factors fueling the high growth in Asia Pacific are increased spending on IT infrastructure, rising cloud-based applications, and also growing demand for automation of processes. Apart from these factors, growing Bring Your Own Device (BYOD) policy, rising awareness about iPaaS among enterprises along with growing focus towards reducing ownership costs. Moreover, growing focus of the companies towards data security and data prevention coupled with growing government support in various countries in Asia Pacific drive the iPaaS market and will continue to do so during the forecast period.

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List of Figures

FIGURE 1 Global Integration Platform As A Service Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Integration Platform As A Service Market

FIGURE 4 Value Chain Of Global Integration Platform As A Service Market

FIGURE 5 Share Of Global Integration Platform As A Service Market In 2017, By Country (In %)

FIGURE 6 Global Integration Platform As A Service Market, 2017-2023,

FIGURE 7 Sub Segments Of Service Type

FIGURE 8 Global Integration Platform As A Service Market Size By Service Type, 2017

FIGURE 9 Share Of Global Integration Platform As A Service Market By Service Type, 2017 TO 2023

FIGURE 10 Global Integration Platform As A Service Market Size By Deployment, 2017

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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