Global Integrated Platform as a Service (IPaaS) Market - Industry Trends and Forecast to 2030

Integrated Platform as a Service (IPaaS) Market Analysis and Size

Infrastructure for hybrid and multiple clouds is being used more and more. Multi-Cloud is customizable and flexible in the sense that an organization can "choose the best" of each cloud type to fit their specific business requirements, economics, locations, and timing. To update outdated apps and add features such as support for mobile devices, social platform integration, and business data management, some iPaaS providers offer tailored development kits. Although IT departments are capable of managing integration on their own, there are times when it is more efficient and cost-effective to contract with an outside iPaaS vendor.

Data Bridge Market Research analyses that the integrated platform as a service (IPaaS) market, valued at USD 4.88 million in 2022, will reach USD 48.80 million by 2030, growing at a CAGR of 33.35% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Integrated Platform as a Service (IPaaS) Market Scope and Segmentation  

Market Definition

Integration platform offered as a service, using the cloud-based toolkit known as (iPaaS), which is hosted by a third-party provider, an organization can integrate, automate, and manage applications, business systems, and data that are located in various business environments, whether on-premises or in public or private clouds. An iPaaS platform typically offers pre-built connectors, business rules, maps, and transformations to expedite application development and organize integration flows.

Integrated Platform as a Service (IPaaS) Market Dynamics

Drivers

• Infrastructure adoption for hybrid and multiple clouds

By improving the ability to work between both cloud solutions, hybrid clouds offer the advantages of both public and private clouds. Additionally, it enables businesses to safeguard their private data by storing it in a private cloud while also using the public cloud to store public data. With an increase in specialized services, different applications and functions will have different requirements. In order to run the system effectively and efficiently, this in turn encourages business managers to choose multi-cloud and hybrid solutions. The growth of the integration platform as a service (IPaaS) market will also be impacted by the adoption of hybrid clouds.

• Real-time cloud monitoring's increased significance for business sectors

The need for integration platforms as a service is increasing as cloud real-time monitoring becomes more significant across industries. Real-time monitoring is the process of using tools and programs to monitor and continuously record snapshots of network performance as a whole. Businesses use real-time monitoring to keep track of network activity, enhance network security, and spot issues as they arise. Regardless of size, all businesses can profit from real-time network monitoring.

Opportunities

• Growing demand from businesses to simplify business processes

Despite having challenges and restraints in implementing iPaaS, enterprises prefer it as a standalone cloud-based and on-premises service platform for integrating applications as it offers better control of integration flows, cost efficiency, faster delivery, and reliability. In addition, the integration of SaaS and iPaaS platforms can be done with the help of cloud enterprises that offer enterprises to share data and processes from anywhere for streamlining the business. The iPaaS market is emerging, and it has the potential to boost enterprises during the forecast period. Therefore, iPaaS will likely boost the market among enterprises to streamline business processes.

• Development in iPaaS creates an opportunity to grow

Both seasoned and specialized vendors are present as the iPaaS market grows. The fragmentation, the majority of iPaaS vendors are expanding their integration solutions by focusing on areas other than their core competencies in order to strengthen their positioning and cloud-based applications and integration processes and thus further create lucrative opportunities to grow.

Restraints/Challenges

• Fierce rivalry between major vendors

In the fragmented market, the majority of iPaaS vendors are having trouble gaining traction. For instance, the largest market share globally is held by important suppliers such as Boomi, Informatica, MuleSoft, and SnapLogic. Through the intense competition among the major players, the ability of SMEs to grow is constrained. As a result, these vendors are finding it hard to compete with the top iPaaS providers and thus the market impedes.

• Issues with interoperability prevent market expansion

Applications, data, and process integration projects involving cloud-based applications, APIs, and on-premises systems can all be integrated using the platform provided by iPaaS. These integrations cannot be made with the conventional machines currently in use, despite their high interoperability. The need to replace the outdated system with the new updated system to integrate with iPaaS arises from the fact that the traditional applications that manage critical data, such as customer and employee details, are not interoperable with the most recent cloud integration system. Enterprises find it challenging to adopt iPaaS due to these interoperability problems.

This integrated platform as a service (IPaaS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the integrated platform as a service (IPaaS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2022, In order to bring its market-leading data integration and governance products to Oracle Cloud Infrastructure (OCI), Informatica, a leader in enterprise cloud data management, announced a strategic partnership with Oracle.
• In 2022, In order to speed up the deployment of its category-leading integration platform as a service (iPaaS) solutions as demand across Asia-Pacific continues to rise, Boomi announced the expansion of its cloud data center footprint in Japan.
• In 2021, Boomi launched a new charitable giving program, driven by its Boomiverse user community that will donate a total of $100,000 to non-profit groups working to address issues such as ending homelessness, promoting diversity in STEM fields, providing aid abroad, and more.
• In 2021, In order to standardize and streamline connections between Propel and enterprise resource planning (ERP) systems, Jitterbit, the API transformation company, and Propel, the creator of the only unified quality management (QMS) and product lifecycle management (PLM) solution built on Salesforce, have joined forces. For integrations with ERP vendors serving the small, medium, and mid-market manufacturers, such as NetSuite, Infor, and Microsoft Dynamics, Jitterbit becomes Propel's preferred option.
• In 2021, The most recent version of SnapLogic's ground-breaking new SnapLogic Flows solution has been made available. SnapLogic Flows makes it simple for teams in divisions such as sales, marketing, finance, and HR to develop new integrations and automation on their own that support their day-to-day activities, address their most urgent business needs, and accelerate time-to-market and results.
• In 2021, A new citizen developer approach to application and data integration has been introduced by SnapLogic and Schneider Electric. Schneider Electric's new operating model is built on the self-service, low-code platform from SnapLogic. The global energy provider has given nearly 150 citizen developers the authority to integrate more than 100 cloud and on-premises systems across the business, increasing employee productivity and fostering quicker innovation and greater business impact.
• In 2021, A leading provider of integration Platform as a Service (iPaaS) that enables data to seamlessly flow between on-premises or cloud-based e-commerce, EDI, ERP, and CRM systems, Jitterbit has acquired eBridge Connections. The combined offerings will offer one of the market's most complete sets of integration solutions around e-commerce integration and EDI integration, serving as a strong complement to Jitterbit's award-winning Harmony API integration platform and aiding customers in accelerating their digital transformations and realizing significant time savings.
• In 2021, The Mousquetaires Group, a major European retail distributor, has chosen Boomi and Solace and other leading event streaming and management companies to support its digital transformation and the adoption of a hybrid integration platform, according to a press release from Boomi and Solace.
• In 2021, Boomi, a top supplier of cloud-based integration platform as a service (iPaaS), has entered into a definitive agreement to be acquired by Dell Technologies from Francisco Partners and TPG Capital, a global alternative asset firm with expertise in partnering with technology companies. Subject to customary closing conditions, the $4 billion cash deal is anticipated to close by the end of 2021. The agreement's terms weren't made public.

Global Integrated Platform as a Service (IPaaS) Market Scope

The integrated platform as a service (IPaaS) market is segmented on the basis of service, deployment, organization size, integration type, industrial vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service

• Data Mapping and Transformation
• Data Integration
• Routing and Orchestration
• Integration Flow Development
• Life Cycle Management Tool
• Application Integration
• Application Program Interface Life Cycle Management (API)
• API Management Component
• Solution
• Service
• Consulting Services
• Integrational and Deployment Service
• Support and Maintenance Services
• Business to Business (B2B)
• Real-Time Monitoring And Integration
• Cloud Integration and Internet of Things (IOT)
• Cloud Based Orchestration
• Others
• EDI Integration

Deployment

• On-Premise
• Hybrid
• Cloud
• Public Cloud
• Private Cloud

Organizational size

• Small Offices (1 to 9 Employees)
• Small Enterprises (10 to 99 Employees)
• Medium-Sized Enterprises (100 to 499 Employees)
• Large Enterprises (500 to 999 Employees)
• Very Large Enterprises (1,000+ Employees)

Integration Type

• Data Integration
• Application Integration
• Application Program Interfaces (API) Integration
• Process Integration

Industry Vertical

• Banking, Financial Services, Insurance (BFSI)
• Energy and Utilities
• Government and Public Sector
• Manufacturing
• Media and Entertainment
• Education
• IT and Telecommunications
• Healthcare and Life Sciences
• Consumer Goods and Retail
• Others

Integrated Platform as a Service (IPaaS) Market Regional Analysis/Insights

The integrated platform as a service (IPaaS) market is analysed and market size insights and trends are provided by service, deployment, organization size, integration type, industrial vertical as referenced above.

The countries covered in the integrated platform as a service (IPaaS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are owing to the prevalence of advanced IT infrastructure and high adoption for cloud services among various industries in countries in the region.

Asia-Pacific will undergo the highest growth rate during the forecast period owing to the high penetration of IT solutions in industry verticals in countries in the region.  Furthermore, IPaaS solutions can offer a seamless e-commerce integration approach to connect the website, ERP systems, and back-end operations. Additionally, these integration tools significantly lower IT expenditures while enabling free data flow between front-end and back-end systems.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Integrated Platform as a Service (IPaaS) Market Share Analysis

The integrated platform as a service (IPaaS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to integrated platform as a service (IPaaS) market.

Some of the major players operating in the integrated platform as a service (IPaaS) market are:

• Informatica Inc. (U.S.)
• Boomi, LP (U.S.)
• SAP SE (Germany)
• Oracle (U.S.)
• Salesforce, Inc. (U.S.)
• Jitterbit (U.S.)
• Workato (U.S.)
• SnapLogic Inc. (U.S.)
• Software AG (Germany)
• IBM (U.S.)
• Microsoft (U.S.)
• Cloud Software Group, Inc. (U.S.)
• Celigo, Inc. (U.S.)
• Zapier Inc. (U.S.)
• DBSync (U.S.)
• Flowgear (South Africa)
• Gathr (U.S.)
• Solvace (U.S.)
• Predica Group (U.S.)
• EDICOM (U.S.)

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