United State – Global Integration Platform as a Service (Ipaas) Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Integration Platform as a Service (Ipaas) market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
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.
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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.
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
Key questions answered in the global Integration Platform as a Service (Ipaas) market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Integration Platform as a Service (Ipaas) market over the forecast period?
- What are the factors driving and restraining the market for Integration Platform as a Service (Ipaas)?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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