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Application Integration Market Key Players, Demands, Trends, Size, Share, Sales, Price and Forecasts to 2028

05-05-2023 03:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Application Integration Market

Application Integration Market

The global application integration market is projected to grow from 15.4 billion in 2023 to USD 38.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. The rising need to improve time-to-market and boost ROI is driving the application integration market growth.

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The major players in the smart transportation market are Salesforce (US), Informatica (US), SAP (Germany), Oracle (US), SnapLogic (US), Software AG (Germany), IBM (US), Microsoft (US), TIBCO Software (US), Celigo (US), Boomi (US), Adeptia (US), WSO2 (US), DBSync (US), Flowgear (South Africa), InterSystems (US), SEEBURGER (Germany), Workato (US), Magic Software (Israel), OpenLegacy (US), Jitterbit (US), Elastic.io (Germany), Talend (US), Tray.io (US), Cyclr Systems (UK), APIFuse (US), and Zapier (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their footprint in the application integration market.

The application integration market refers to the market for software and services that help integrate different applications and systems within an organization to improve operational efficiency, data accuracy, and decision-making. Application integration solutions allow organizations to connect disparate systems and applications, automate business processes, and exchange data seamlessly.

The application integration market is categorized into various segments based on deployment type, organization size, vertical, and region. The major deployment types include on-premise and cloud-based. The major organization sizes include small and medium-sized enterprises (SMEs) and large enterprises. The major verticals covered in the market analysis include healthcare, BFSI, retail, manufacturing, IT and telecom, and others.

The Asia-Pacific region is expected to witness significant growth in the application integration market due to the increasing adoption of cloud-based technologies and digital transformation initiatives by organizations in the region. North America is currently the largest market for application integration due to the presence of major players and the high adoption rate of technology in the region.

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