Press release
Integration & Orchestration Middleware Market-Leading market players are focusing on collaborations and acquisitions to strengthen market share
According to Persistence Market Research, the US$ 8.8 Bn integration and orchestration middleware market will surpass US$ 15 Bn by 2024-end, expanding at a CAGR of 7.1% through 2024. Primarily fueled by widespread adoption of cloud computing, rapidly expanding digital transformation, and soaring adoption of API management, this market will also be impacted by several other technology trends.Top market players profiled in the report, include IBM Corporation, OpenText Corporation, Microsoft Corporation, Oracle Corporation, and Infor ION. SPS Commerce, Inc., Society for Worldwide Interbank Financial Telecommunication (SWIFT), Axway, Covisint, and Tibco Software Inc. are other leading companies on the market’s competitive landscape.
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Based on middleware type,
Integration middleware will remain the leading segment, followed by business-to-business middleware segment.
Over 2016-2024, integration middleware segment is likely to gain over 700 BPS and expand at a healthy CAGR of 9.2%, reaching US$ 7.37 Bn in 2024.
While integration segment is projected to account for over 48% share in terms of value, B2B middleware segment will hold around 25% share in 2024.
However, event-driven middleware segment will witness a higher growth rate compared to B2B.
By deployment type,
On-premise will remain the largest segment slated for moderate growth over the forecast period, attaining a value of over US$ 9 Bn in 2024. However, this segment will reportedly lose its market share by 1400 BPS, resulting in nearly 60% of the total revenues by 2024-end.
Growing popularity and rapid adoption of cloud-based middleware for quicker, more flexible, and scalable access to information will continue to drive the cloud-based deployment segment at a rapid pace.
This segment will demonstrate the fastest growth at a promising CAGR of 12.9% and exceed US$ 6 Bn by the end of the assessed period. From around 26% market share in 2016, cloud-based segment is expected to reach a notable share of over 40% in 2024.
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On the basis of application,
Consumption by the BSFI sector will account for the revenues worth US$ 5.23 Bn by 2024 end, making it the largest application segment with over 34% share in 2024 market revenues.
IT and telecommunications, the second largest segment, is anticipated to achieve a value of nearly US$ 4 Bn that roughly accounts for over 26% market value share in 2024.
The next key segments include government and retail. However, healthcare segment, thought the smallest one so far, will demonstrate the highest growth during the next eight years at an estimated 8.9% CAGR.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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