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Rising Adoption of Cloud Services is profitable for the Global Application Infrastructure Middleware Market Growth
Inkwood Research estimates that the Global Application Infrastructure Middleware Market is predicted to project a CAGR of 6.64% in terms of revenue during the forecasting years of 2021-2028."Browse 54 Market Data Tables and 49 Figures spread over 141 Pages, along with an in-depth TOC on the Global Application Infrastructure Middleware Market Forecast 2021-2028."
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Middleware is software, lying between an operating system and applications running on it, and majorly functions as a hidden translation layer. It further enables communication and data management for distributed applications. Application infrastructure is an intermediate software, interconnecting varied datasets, hardware, and applications. It is utilized in private, hybrid, and public cloud computing.
Increasing Adoption of Cloud Services by Organizations is the Primary Driver
Cloud is being increasingly adopted by enterprises due to its scalability, cost-effectiveness, and flexibility. According to Impact, almost 87% of the enterprises adopting cloud have experienced business acceleration. This further drives the demand for the cloud in enterprises. The leading vendors of the cloud are AWS and Microsoft Azure. A survey revealed 94% of its respondents used the cloud, and another 84% have a multi-cloud strategy. Thus, the increasing adoption of cloud technology among enterprises is set to propel the demand for application infrastructure middleware. This is due to ease of data extraction by the solution, along with security concerns.
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On-premise: Dominant & Prominent Deployment
On-premises solutions play a significant role in tackling the challenges of security concerns of software, given the increasing adoption of cloud solutions. The companies that operate under government regulations and requiring high-levels of data security for applications prefer on-premise. Though on-premise deployment is an expensive approach, it can be structured in annual or multi-layer plans, thereby eliminating the need for monthly expenses. It can be customized further to an individual organization's process. Middleware software enables connectivity through on-premise, thereby contributing to the efficient running of a business. Given the rising technology innovations, enterprises are turning to cloud deployment.
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Asia Pacific to maintain its High CAGR throughout 2021-2028
The Asia Pacific region encompasses a developed IT sector, along with growing internet usage. All kinds of enterprises are increasingly adopting cloud-based services. Companies are investing in the cloud infrastructure set-up, thus making the region a lucrative market for application infrastructure middleware vendors. Countries like India are projected to be a prominent market by the end of the forecast period, attributed to increased demand for advanced technology and rising R&D activities.
The competitive rivalry is evaluated to be high throughout the forecasted period. The established tech giants entering the market are at an advantage over new competitors due to distribution channel access, better supply chain knowledge, and business relations. Some of the big market players include, Salesforce.Com, Microsoft Corporation, Amazon Web Services Inc, Sap SE, IBM Corporation, etc.
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