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Integration Platform as a Service Market by Service, Deployment, Organization Size, Vertical, & Region - Global Forecast to 2021

Integration Platform as a Service Market: Global Forecast until 2021

  • December 2016
  • 149 pages
  • ID: 4534877
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"Factors including the need for business agility, faster deployment, scalability, growing awareness about iPaaS among companies globally, and reduced cost of ownership are driving the integration platform as a service market"

The Integration Platform as a Service market size is forecasted to grow from 528.0 million in 2016 to $2998.30M by 2021, at a Compound Annual Rise rate of 41.50 percent during the forecast period. The sector is influenced by Elements such as the need for business agility, faster deployment, scalability, rising awareness about iPaaS among firms globally, and reduced cost of ownership. Nevertheless, companies face some obstacles while adopting iPaaS, including complexities engaged in application interoperability, high initial cost of implementation, and security concerns.

"Application integration services is forecasted to have the maximum growth rate during the estimate period"

Application integration service facilitates the integration of systems and applications across the business sector. The enterprises have realized the importance of application integration due to the benefits offered, including sharing of information, automation of processes, reduced IT complexity, and rised agility. Due to these factors, the industry demand for the service is anticipated to growth during the outlook period. Sellers offering these services focus on improving the global business efficiency, enhancing scalability, and reducing costs.

"Banking, financial services, and insurance segment is forecasted to contribute the largest part of market share"

The Banking, Financial Services, and Insurance market offers substantial opportunities for the increase ot the iPaaS market due to the complex integration between cloud services and on-premises systems. The BFSI organizations are investing into iPaaS as it allows centralized management of all integrated processes and enhanced cost efficiencies to support strategic management. The BFSI business is intended to hold significant share of the global sector in the iPaaS market. The profits offered are improved performance, reduced total cost of ownership, real-time integration, and standard industry practices.

.Asia Pacific (APAC) forecasted to grow at the highest compound annual growth rate (CAGR)"

North America (NA) is forecasted to hold the biggest market share in 2016, while Asia-Pacific is the fastest growing area in terms of Compound annual growth rate. The iPaaS helps to avoid resource conflict and IT glitches, and is therefore increasing quickly in APAC. Cloud emergence and mandatory government regulations are simultaneously helping in boosting the increase of the iPaaS market in this area.

The break-up profiles of primary participants is presented below:

- By organization: Tier 1: 33.0 percent, Tier 2: 41.0 percent, and Tier 3: 26.0 percent

- By description: C-suite: 47.0 percent, D-level: 35.0 percent, and Others: 18.0 percent

- By area: North America continent: 49.0 percent, Europe (EU): 29.0 percent, Asia-Pac: 17.0 percent, and RoW: 5.0 percent

8. Celigo, Inc. (San Mateo, California (US-CA), USA)

Segment Research

The iPaaS market has been divided on the basis of service, deployment, organization size, vertical, and area. An in-depth study of the top industry actors has been done to furnish key aspects into their sector overview, products & services, top strategies, recent product launches, alliances, strategic agreements, collaborations, business expansions, and opposing landscape combined with the iPaaS market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

- This document breaks down the iPaaS market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

- This business report benefits partners to comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

- This industry report benefits partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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