TBRC Report Predicts Application Integration Market to Hit $41.84 Billion by 2028 with a CAGR of 21.1% Driven by Cyber Threats

The new report published by The Business Research Company, titled "Application Integration Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

Innovative Technologies Driving Profitability in the Application Integration Market
Major companies operating in the application integration market are innovating new technologies such as the Qristal software suite to increase their profitability in the market. The Qristal software suit is an effective tool for researchers and developers to investigate the usefulness or utility of quantum computing in practical applications. For instance, in March 2023, Quantum Brilliance, an Australia-based quantum computing hardware company launched Qristal software suit for application integration. It offers complete C++ and CUDA feature integration, enabling users to create and test high-performance software. This implies that the suite may be used to create and incorporate quantum computing capabilities into already-existing applications, possibly improving their functionality. The Qristal software package is an essential component of Quantum Brilliance's expansion and dominance in the quantum computing industry.

The application integration market covered in this report is segmented -
1) By Integration Type: Point-To-Point Integration, Enterprise Application Intergration, Enterprise Service Bus, Integration Platform As A Service, Hybrid Integration
2) By Integration Technologies: Middleware Solutions, Application Programming Interface Management, Integration Platform as a Service (iPaaS)
3) By Offering: Platforms, Services
4) By Application: Consumer Relationship Management, Enterprise Resource Planning, Human Resource Management System, Supply Chain Management, Business Intelligence, Electronic Health Record Management, Other Applications
5) By Vertical: Banking, Financial Services, And Insurance, Retail And E-Commerce, Manufacturing, Healthcare And Life Sciences, Energy And Utilities, Automotive, Transportation And Logistics, Government And Public Sector, Other Verticals

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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.

Contents of the report:
1. Executive Summary
2. Application Integration Market Report Structure
3. Application Integration Market Trends And Strategies
4. Application Integration Market - Macro Economic Scenario
5. Application Integration Market Size And Growth
…..
27. Application Integration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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