The global Integration Platform as a Service (IPaaS) Market is anticipated to reach USD 4.34 billion by 2026, exhibiting a CAGR of 12.4% over the forecast period.
Integration platform as a service (iPaaS) is referred to as a set of automated tools for linking software applications deployed in various environments. Large business-to-business (B2B) companies that need to combine on-premises applications and data with cloud applications and data often use iPaaS. IPaaS is often used in B2B scenarios where a quick release time is important. While IT departments can manage integration on their own, using a third-party IPaaS provider is often quicker and more reliable.
The increasing adoption of cloud technologies in various industries is expected to drive the growth of the global integration platform as a service industry. Reduced capital expenditures, versatility in data and information storage, improved IT management, personalized user interface, enhanced user experience, and integration with numerous commercial applications are all advantages of cloud systems. Another main factor expected to help the growth of the global integration platform is the growing need for efficient processes and successful enterprise application management to increase profit margins among various industries around the world.
The Integration Platform as a Service (IPaaS) Market is segmented by Product Type (cloud service orchestration, data transformation, API management, data integration, real-time monitoring & integration), by Application (BFSI, healthcare, manufacturing, education, media & entertainment, IT & telecommunication, government, and others). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- The Application program Interfaces integration is expected to dominate the market. The segment is also projected to witness lucrative growth during the forecast period owing to the increasing adoption of integrated platforms as a service module.
- With its diverse applications in the advancement of interactive software platforms, cloud computing platforms, and on-premises hardware equipment for the safe and secure, the evolution of IoT has also accelerated the market's growth momentum.
- North America is projected to dominate the global market in terms of sales, owing to the region's high adoption of cloud services across various industries coupled with increasing investment by market players.
Key Participants like Gartner Inc., Dell Boomi, MuleSoft, SAP, SnapLogic, Actian, Attunity, Informatica.
For this report, Introspective Market Research have segmented the Integration Platform as a Service (IPaaS) market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM