Integration Platform as a Service (iPaaS) Market Trends, In-Depth Analysis, Size And Forecast To 2028

The global integration platform as a service (iPaaS) market size is expected to be valued at US$ 3,345.3 million in 2022 and is expected to grow at a CAGR of 31.5% over the forecast period. Significantly simplified the implementation of business software and development platforms for consumption. They have also built data silos that remain difficult for other systems to reach. For example, for invoicing and billing, customer data from an application like Salesforce.com may need to flow to an online accounting system. For buying, it will also need to flow to an ERP system. In addition, for the purpose of decision-making, an inventory management system will need to extract data from all of these systems and more, to create a data warehouse. Without an integration infrastructure, none of this is actually simple to achieve.

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Data Mapping and Transformation accounted for Higher Revenue Share in Global Integration Platform as a Service (iPaaS) Market:
Based on service, global integration platform as a service (iPaaS) is segmented into data mapping and transformation, routing and orchestration, integration flow development and life cycle management tools, API life cycle management, business to business (B2B) and cloud Integration, internet of things and Others. It is noticed that the data mapping and transformation is accounted for higher revenue due to various properties. For the success of many data processes data mapping is crucial. Throughout the organization, one misstep in data mapping will cascade, leading to repeated errors, and eventually, to inaccurate analysis. At some point, almost every company can transfer data between systems. And in different ways, various systems store similar data. A roadmap is required to ensure that the data gets to its destination correctly in order to transfer and consolidate data for review or other activities.

North America Leads the Global Integration Platform as a Service (iPaaS) Market:
Based on regional analysis, global integration platform as a service (iPaaS) market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global integration platform as a service (iPaaS) market contributed the largest share in 2021. Growing investments in cloud-based software and a major change in workload towards cloud environments are dominating growth. In addition, the area has a well-established infrastructure, which allows new technology to be applied more rapidly with the help of key market players. The increasing adoption of the integration platform as a media & entertainment sector service boost the global integration platform as a service (iPaaS) market

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
The global integration platform as a service (iPaaS) market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In June 2015, AgilityWorks has entered into the partnership with Dell Bhoomi Atmosphere to launch managed service for iPaaS in Europe. This partnership is helping Agility Works to improve its client base by redefining customer engagement models with the help of iPaaS.

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Key player's profiles in the global integration platform as a service (iPaaS) market are: IBM Corporation, Microsoft Corporation, HP Enterprise Company, Oracle Corporation, SAP SE CA, Inc., Salesforce.com, Inc., Informatica Corporation, Mulesoft, Inc., SnapLogic, Inc, Celigo, Inc.

Detailed Segmentation:
By Type
• Data Integration
• Application Integration
• Application Program Interfaces (API) Integration
• Process Integration

By Service
• Data Mapping and Transformation
• Routing and Orchestration
• Integration Flow Development and Life Cycle Management Tools
• API Life Cycle Management
• Business to Business (B2B) and Cloud Integration
• Internet of Things
• Others

By Deployment mode
• Cloud
• On-Premise
• Hybrid

By Applications
• Banking, Financial Services and Insurance (BFSI)
• Media & Communication Services
• Manufacturing and Natural Resources
• Aerospace and Defence
• Transportation and Logistics
• Government and Utilities
• Others

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