The integrated platform as a service (ipaas) global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Integrated Platform As A Service (iPaaS) Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The integrated platform as a service (iPaaS) market size has grown exponentially in recent years. It will grow from $7.65 billion in 2023 to $10.31 billion in 2024 at a compound annual growth rate (CAGR) of 34.8%. The growth in the historic period can be attributed to the introduction of new products impacting business performance, upgrades to existing product features influencing financial outcomes, global or regional market expansions shaping business performance, management of customer churn rates affecting revenue and initiatives for technology infrastructure modernization impacting forecasts.
The integrated platform as a service (iPaaS) market size is expected to see exponential growth in the next few years. It will grow to $34.19 billion in 2028 at a compound annual growth rate (CAGR) of 34.9%. The growth in the forecast period can be attributed to promotions driving future demand and financial forecasts, acquisition of new users for growth and forecasts, fluctuations in demand based on seasonal factors impacting projections, adoption of new services driving financial performance, and collaborations influencing future financial forecasts. Major trends in the forecast period include a shift towards dynamic spending environments for agile forecasting, increasing reliance on data-driven decisions for forecasting, emphasis on business agility and adaptability in forecasts, optimizing resource allocation based on demand forecasts, and proactive risk identification for informed decision-making in forecasts.
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Scope Of Integrated Platform As A Service (iPaaS) Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Integrated Platform As A Service (iPaaS) Market Overview
Market Drivers -The growing adoption of hybrid and multi-cloud infrastructure is expected to propel the growth of the integrated platform as a service (iPaaS) market going forward. Hybrid and multi-cloud infrastructure refers to an IT architecture that combines the use of on-premises data centers, private clouds, and multiple public cloud services, enabling organizations to leverage the benefits of different environments. Hybrid and multi-cloud infrastructure is highly adopted for its ability to enhance operational flexibility, optimize costs, and increase resilience by leveraging the strengths of multiple environments. Integrated platform as a service (iPaaS) facilitates seamless data integration and application connectivity across hybrid and multi-cloud infrastructure, ensuring efficient operations and leveraging the strengths of various cloud environments. For instance, in April 2023, according to a report by Flexera, a US-based computer software company, 87% of organizations adopted a multi-cloud, of which 72% adopted a hybrid cloud, 13% adopted multiple public clouds, and 2% a multiple private cloud in 2022. Additionally, the cloud spending by small and medium-sized businesses (SMBs) reflects a massive uptake with 52% of spending more than $1.2 million in 2022, up from 38% reported in 2021. Therefore, the growing adoption of hybrid and multi-cloud infrastructure is driving the growth of the Integrated Platform as a Service (iPaaS) market.
Market Trends – Major companies operating in the integrated platform as a service (iPaaS) market are focusing on developing cloud-based platforms that use advanced technology, such as cloud data integration technologies, to efficiently move most of the current and relevant data and gain a competitive advantage. Cloud data integration technologies refer to solutions that facilitate the seamless integration of data across disparate sources and applications in cloud-based environments. For instance, in November 2022, Qlik, a US-based data analytics company, launched Qlik Cloud Data Integration, an Enterprise Integration Platform as a Service (eiPaaS) offering, aiming to enhance enterprise data strategies by facilitating real-time data integration across all applications and data sources. Qlik’s suite offers users access to cloud data integration capabilities across hybrid and multi-cloud environments, facilitating the management of modern data for actionable insights. It integrates with major cloud platforms such as AWS, Google Cloud, and Microsoft Azure, offering features such as real-time data movement, advanced transformation capabilities, metadata management, and API automation to streamline data integration and delivery processes.
The integrated platform as a service (IPaaS) market covered in this report is segmented –
1) By Service Type: Cloud Service Orchestration, Application Integration, Application Programming Interface Management, Data Integration, Business-To-Business And Cloud Integration, Real-Time Monitoring And Integration, Data Transformation, Other Services
2) By Deployment: On-Premise, Hybrid, Cloud, Public Cloud, Private Cloud
3) By Organization Type: Large Enterprise, Small And Medium Enterprises (SMEs)
4) By Industrial Vertical: Banking Financial Services And Insurance (BFSI), Government And Public Sector, Manufacturing, Media And Entertainment, Telecommunications, Healthcare And Life Sciences, Consumer Goods And Retail, Other Industrial Verticals
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Regional Insights – North America was the largest region in the integrated platform as a service (iPaaS) market in 2023. The regions covered in the integrated platform as a service (IPaaS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the integrated platform as a service (IPaaS) market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Fujitsu Limited, Salesforce com Inc., Capgemini SE, Amdocs Limited, Informatica Corporation, SoftwareOne, Software AG , Boomi LP, MuleSoft Inc., Zapier Inc., Workato Inc., Celigo Inc., EDICOM, VIRTUOSO PARTNERS Limited, Jitterbit Inc., SnapLogic Inc., DBSync, Flexspring, Gathr Data Inc., Solvace Inc., Flowgear
Table of Contents
1. Executive Summary
2. Integrated Platform As A Service (iPaaS) Market Characteristics
3. Integrated Platform As A Service (iPaaS) Market Trends And Strategies
4. Integrated Platform As A Service (iPaaS) Market – Macro Economic Scenario
5. Global Integrated Platform As A Service (iPaaS) Market Size and Growth
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32. Global Integrated Platform As A Service (iPaaS) Market Competitive Benchmarking
33. Global Integrated Platform As A Service (iPaaS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Integrated Platform As A Service (iPaaS) Market
35. Integrated Platform As A Service (iPaaS) Market Future Outlook and Potential Analysis
36. Appendix
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