The new report by Expert Market Research titled, ‘Global Integration Platform as a Service (iPaaS) Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global integration platform as a service (iPaaS) market, assessing the market based on its segments like deployment model, service type, organisation size, industry, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 38%
- Forecast Market Size (2026): USD 13 billion
The market for integration platform as a service (iPaaS) has seen substantial growth due to factors such as raising awareness about the benefits of integration platform as a service. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the integration platform as a service (iPaaS) market. Because of the increasing emphasis on combining cloud services and on-site systems, the BFSI sector is expected to provide tremendous opportunities for the expansion of the iPaaS industry. To lower costs and to allow centralized control of all integrated processes, banks are pouring money into iPaaS. Growing adoption of hybrid and multi-cloud strategies in different end-use sectors would further propel market growth over the forecast period.
Industry Definition and Major Segments
The Integration Platform as a Service (iPaaS) is a series of automatic software application linkage resources that are used in different environments. iPaaS is widely used by big B2B enterprises which look to integrate on-premises applications and data with cloud applications.
Based on the deployment model, the industry is divided into:
- Public
- Private
- Hybrid
Based on the service type, the industry is divided into:
- Data Mapping and Transformation
- Routing and Orchestration
- Integration Flow Development and Life Cycle Management Tools
- API Life Cycle Management
- Business to Business (B2B) and Cloud Integration
- Internet Of Things (IOT)
- Real-Time Monitoring and Integration
Based on the organisation size, the industry is divided into:
- Small and Medium Enterprises
- Large Enterprises
Based on the industry, the industry is divided into:
- BFSI
- Consumer Goods and Retail
- Education
- Government and Public Sector
- Healthcare and Life Sciences
- Media and Entertainment
- Telecommunication and IT
- Manufacturing
The regional markets for integration platform as a service (iPaaS) include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Geographically, although a large share of the iPaaS industry is projected to be accounted for by North America, Asia Pacific is expected to expand at the highest CAGR during the forecast era. Asia Pacific growth can be attributed to the rising need for advanced integration services, increasing businesses’ preference for the cloud climate, and rapid urbanization across the country. The media and entertainment segment is expected to see robust growth in the forecast period, among other industry verticals in the iPaaS sector.
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Media and entertainment businesses are creating better ways to reduce their operating costs while enhancing their digital supply chain by putting iPaaS to use. The emphasis placed on reducing IT costs is to inspire cloud technologies for media and entertainment companies. These businesses are becoming inclined to use cloud-based services to handle their important information. The growth of the iPaaS industry is supported by this.
Key Market Players
The major players in the market are Dell Boomi, Inc., Celigo, Inc., Informatica LLC, Snaplogic, Inc., TIBCO Software, Inc., Jitterbit, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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