The global integration
platform as a service (IPaaS) market is
expected to reach USD 2.705.8 million by 2025, according to a new report by
Grand View Research, Inc. Rising need of advanced systems to improve the process
of deploying, developing, and managing enterprise applications globally has
been a major factor driving market growth. In addition, recent developments in
big data, cloud computing, and Internet of Things (IoT) within organizations’
processes also paved the way for greater development of IPaaS solutions.
Integration Platform as
a Service is an emerging technology where in the applications, process, data,
and application programs are integrated. The integration enables enterprises to
reduce the complexity of its operations and better connect to cloud services.
The integrations also save the time by providing a common platform for various
applications.
The technologies
relevant and compatible with Integration flow development, API life cycle
management have prevailed with prominence along with the integration of B2B and
IoT services with cloud-based platforms. The IPaaS integrates all such industry
services and its applications within a common platform. The services such as
Internet of things (IoT) and Application Process Integration (API) with
continuous increase in the number of users and vendors have resulted in
accelerated growth of IPaaS market.
IPaaS hybrid segment was
the largest deployment category in 2016 and is expected to maintain a
comparatively low growth rate over the forecast period. It accounted for a
share of 43% in 2016. Hybrid deployment module was the largest service category
in 2016 and is expected to maintain a comparatively high growth rate over the
forecast period.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/integration-platform-as-a-service-ipaas-market
Further key findings from the report suggest:
·
The global integration platform as a
service market was valued at 575 million in 2016 and is expected to grow at a
CAGR of 18.9% from 2017 to 2024
·
API life cycle management emerged as the
largest service segment in 2016 and is estimated to generate revenue over USD
709 million by 2024
·
Global IPaaS demand in Integration flow
development and life cycle management tools was USD 75 million in 2016 and is
anticipated to witness staggered growth over the next seven years
·
The industry in Asia Pacific is projected
to witness substantial growth over the next decade owing to various
developments across major economies, especially in the Internet of Things (IoT)
and big data. The regional market is expected to grow at a CAGR of 25% from
2017 to 2024
·
Key players including Informatica, Dell
Boomi, MuleSoft, and Snaplogic dominated the global enterprise governance, risk
and compliance market while accounting for over 46% of the overall revenue in
2016
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/communication-services
Grand View Research has
segmented the global integrated platform as a service market on the basis of
solution, services, enterprise type, vertical type, and region:
Service Outlook (Revenue, USD Million, 2014 - 2025)
·
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)
·
Others
Deployment Outlook (Revenue, USD Million, 2014 - 2025)
·
Cloud
·
Hybrid
·
On-premise
Integration type Outlook (Revenue, USD Million, 2014 -
2025)
·
Data Integration
·
Application Integration
·
Application Program Interfaces (API)
Integration
·
Process Integration
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
View press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-integration-platform-as-a-service-ipaas-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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