Application Integration Market: Analyzing Market Trends, Growth Opportunities, and Competitive Landscape in Software Integration Solutions

The application integration market size has grown exponentially in recent years. It will grow from $15.96 billion in 2023 to $19.43 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to increased awareness and early diagnosis, collaboration between healthcare stakeholders, growing prevalence of autoimmune disorders, government support for rare diseases, improvements in patient education..

The application integration market size is expected to see exponential growth in the next few years. It will grow to $41.84 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to continued research in immunology, personalized medicine approaches, global health initiatives for autoimmune diseases, expansion of rare disease treatment programs, patient advocacy and support.. Major trends in the forecast period include advancements in targeted therapies, personalized medicine approaches, growing research on novel drug classes, emphasis on early diagnosis and intervention, collaborative research and clinical trials..

Market Overview -
Application integration refers to connecting different software applications and systems within an organization to function as a coordinated whole. The primary goal of application integration is to enable these disparate systems to work together seamlessly, share data, and automate processes.

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Application Integration's Role in Mitigating Cyber Threats Amidst Growing Attack Surfaces
The increasing attack surface for cyber threats is expected to propel the growth of the application integration market going forward. A cyber threat refers to a malicious act or activity targeting computer systems, networks, devices, or data, with the intent to compromise their integrity, confidentiality, or availability. Application integration facilitates the effective exchange of data and information between security tools, systems, and apps, which is essential for the identification of cybersecurity threats. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based government agency, the number of cybercrime reports received over 76,000, which is an increase of nearly 13% from 2021. Therefore, the increasing attack surface for cyber threats is driving the growth of the application integration market.

Competitive Landscape -
Major companies operating in the application integration market report are Microsoft Corporation, Dell Inc., International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Salesforce Inc., Zebra Technologies Corporation, Informatica Inc., OSI Digital Inc., TIBCO Software Inc., Software AG, InterSystems Corporation, QlikTech International AB, Boomi Inc., Tavant Technologies Inc., Neudesic LLC, MuleSoft LLC, Zapier Inc., Axway, Actian Corporation, Workato Inc., WSO2 LLC, SnapLogic Inc., ScienceSoft Corporation, Cleo, Celigo Inc., DBSync, Flowgear, OpenLegacy Inc.

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