The global integration platform as a service (iPaaS) market size was US$ 2.8 billion in 2021. The global integration platform as a service (iPaaS) market size is forecast to grow to US$ 48.3 billion by 2030, registering a compound annual growth rate (CAGR) of 37.4% during the forecast period from 2022 to 2030.
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Factors Influencing the Market Growth
The increasing demand for automation across all verticals is the primary factor driving the market growth.
Growing technological advancements and increasing inclination towards cloud-based solutions are expected to propel market growth. IT professionals have been focusing on introducing the best services through a private cloud, public cloud, and hybrid cloud. As a result, it will fuel the growth of the global integration platform as a service (iPaaS) market.
In addition, rising demand for cloud-based platforms for business agility and digitalization to enhance the workflow is forecast to benefit the global integration platform as a service (iPaaS) market during the study period.
The shortage of skilled professionals and high installation costs may hamper the growth of the global integration platform as a service (iPaaS) market during the forecast period.
Geographic Analysis
Regionally, North America holds the largest share in the global integration platform as a service (iPaaS) market. North America is home to various industry players contributing to the region’s growth. Moreover, the growing penetration of cloud-based services across all verticals will benefit the regional market. In addition, Asia-Pacific is expected to register a high growth rate, owing to the rising demand for advanced integration solutions and growing consumer inclination towards cloud-based platforms for business activities.
COVID-19 Impact Analysis
The COVID-19 pandemic abruptly raised the demand for cloud-based platforms as it became one of the prominent solutions to survive in the market. Due to travel restrictions and lockdown in various countries, companies had no choice but to offer work-from-home facilities to employees. Thus, it increased the demand for digitalization across all verticals.
In addition, the demand for digital payment methods increased rapidly. BFSI sector had to update the infrastructure in order to cater to the public demand. Thus, the global integration platform as a service (iPaaS) market witnessed significant growth during the COVID-19 pandemic.
Telecommunication also became one of the rapidly growing verticals during the pandemic. Thus, it became a significant benefit for the service providers during the COVID-19 pandemic.
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Competitors in the Market
SnapLogic, Inc.
Scribe Software Corporation Celigo, Inc.
Dell Boomi Inc.
IBM Corporation
MuleSoft, Inc.
Informatica Corporation
DBSync Ltd
Jitterbit, Inc.
Oracle Corporation
Other prominent players
Market Segmentation
The global integration platform as a service (iPaaS) market segmentation focuses on Deployment, Organizations Size, Service, Vertical, and Region.
Insight by Deployment Type
Private Cloud
Hybrid Cloud
Public Cloud
Insight by Organization Size
Small and Medium Enterprises
Large Enterprises
Insight by Service Type
Application Integration
Data Transformation
Real-Time Monitoring and Integration
Training and Consulting
Support & Maintenance
Cloud Service Orchestration
Insight by Vertical
Telecommunications
Government and Public Sector
Media and Entertainment
Consumer Goods and Retail
Education
Manufacturing
BFSI
Healthcare
Life Sciences
Others
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Insight by Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
?The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
?During the forecast period, the report analyzes the growth rate, market size, and market valuation.
?The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
?The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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