Press release
Integration & Orchestration Middleware Market Revenues to Reach US$ 15.29 Bn by 2024 End
Integration And Orchestration Middleware Market 2021-2024
According to Persistence Market Research, the US$ 8.8 Bn integration and orchestration middleware market will surpass US$ 15 Bn by 2024-end, expanding at a CAGR of 7.1% through 2024. Primarily fueled by widespread adoption of cloud computing, rapidly expanding digital transformation, and soaring adoption of API management, this market will also be impacted by several other technology trends.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – IBM Corporation, OpenText Corporation, Microsoft Corporation, Oracle Corporation, and Infor ION. SPS Commerce, Inc., Society for Worldwide Interbank Financial Telecommunication (SWIFT), Axway, Covisint, and Tibco Software Inc and more.
Based on middleware type,
Integration middleware will remain the leading segment, followed by business-to-business middleware segment.
Over 2016-2024, integration middleware segment is likely to gain over 700 BPS and expand at a healthy CAGR of 9.2%, reaching US$ 7.37 Bn in 2024.
While integration segment is projected to account for over 48% share in terms of value, B2B middleware segment will hold around 25% share in 2024.
However, event-driven middleware segment will witness a higher growth rate compared to B2B.
By deployment type,
On-premise will remain the largest segment slated for moderate growth over the forecast period, attaining a value of over US$ 9 Bn in 2024. However, this segment will reportedly lose its market share by 1400 BPS, resulting in nearly 60% of the total revenues by 2024-end.
Growing popularity and rapid adoption of cloud-based middleware for quicker, more flexible, and scalable access to information will continue to drive the cloud-based deployment segment at a rapid pace.
This segment will demonstrate the fastest growth at a promising CAGR of 12.9% and exceed US$ 6 Bn by the end of the assessed period. From around 26% market share in 2016, cloud-based segment is expected to reach a notable share of over 40% in 2024.
On the basis of application,
Consumption by the BSFI sector will account for the revenues worth US$ 5.23 Bn by 2024 end, making it the largest application segment with over 34% share in 2024 market revenues.
IT and telecommunications, the second largest segment, is anticipated to achieve a value of nearly US$ 4 Bn that roughly accounts for over 26% market value share in 2024.
The next key segments include government and retail. However, healthcare segment, thought the smallest one so far, will demonstrate the highest growth during the next eight years at an estimated 8.9% CAGR.
APAC Set for Impressive Growth at a CAGR of over 7%
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Major Highlights of the Integration And Orchestration Middleware Market Report:
The Integration And Orchestration Middleware Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Integration And Orchestration Middleware Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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