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Enterprise Application Integration Market Share, Size 2020| Top Competitor, Regions, Growth, Market Distribution, Supply Demand Scenario, Type & Application and Forecast to 2023
Global "Enterprise Application Integration" Market 2019-2023 market report includes types, applications, regions analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry players. Enterprise Application Integration Market report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better.Get a sample copy of the report at- https://www.marketreportsworld.com/enquiry/request-sample/12346104
Top Manufacturers Listed in the Enterprise Application Integration Market Report are:
o IBM Corporation
o Fujitsu Ltd.
o Microsoft Corporation
o MuleSoft
o Oracle Corporation
o SAP SE
o Software AG
o Tibco Software Inc.
o Hewlett-Packard Company
The global enterprise application integration market was valued at USD 10.32 billion in 2019, and is expected to reach a value of USD 17.37 billion by 2023 at a CAGR of 9.07%, during the forecast period (2018 - 2023). Enterprise Application Integration (EAI) is emerging as mission critical solution that involves the use of tools and methods aimed at optimization and modernization of computer applications in an organization. A recent study estimated that EAI accounts for around 35% of the total cost of application design, development and maintenance in a typical enterprise - large, medium or small. Traditional hub and spoke broker-based EAI systems are now being replaced by agile, distributed, standards-based Enterprise Service Bus architectures and an increase is expected in applications composed from Service Components forming basis for both SOA (Service Oriented Architecture) and EDA (Event Driven Architecture).
The major factors significantly impacting the market include growth in cloud ERP implementation, surge in E-Businesses, increase in M&A activity requiring integration of dissimilar business processes, increase in business process automation solutions, Surge in demand for new human applications integration with legacy back end systems, and increase in virtual enterprise linking applications in SCM and CRM
Both cloud and hybrid based integrations are significantly changing the dynamics and are challenging the status quo of the market, which was previously dominated by the traditional integration solutions.
Increase in Business Process Automation solutions is Driving Market Growth
Many organizations are moving towards cloud based enterprise resource planning integration solutions to reduce the costs incurred. Business process automation allows organizations to achieve digital transformation and increase service quality. This enables streamline communication, enforces accountability, minimizes costs, reduces manual errors, and establishes a clear approval hierarchy. Hence, the rising usage of business automation owing to its benefits is driving the market for Enterprise application integration market.
Retail and Wholesale are Expected Grow Exponentially
The global retail and wholesale market is one of the rapidly growing sectors in the world. The trajectory of retail is growing at an explosive rate, supported by the rise of the middle class segment. Internet penetration and expanding mobile users are the key drivers of this market. Enterprise application integration can be add-ons to the retail market where they can manage the resources by planning the workflows and schedules. The growth of the retail market is globalized; this is largely fueled by technological advancements in the field of ICT and increased market penetration of broadband and mobile devices.
North America is the Major Contributor for the Market
North America held the highest share of the enterprise application integration market in 2019. Housing many market giants in various industrial verticals, North America has been dominating the market and is expected to continue its domination throughout the forecast period. North America is experiencing a once-in-a-decade shift on the technological front. As hybrid IT has been evolving, most organizations are migrating their infrastructure to the cloud and some continue to maintain critical services onsite. Over the past few years, the number of business-critical applications has increased significantly. This has translated into more demand for high performing solutions as end-users expect seamless experience. The Asia-Pacific region is expected to register highest growth rate during the forecast period.
Key Developments in the Market
o November 2019 - IBM acquired Vivant Digital Business to address the growing needs of clients seeking transformation though Digital Reinvention
o October 2019 - Oracle launched an autonomous cloud database capable of patching cyber security weaknesses on its own accord. Oracle Autonomous Database Cloud uses machine learning to eliminate human maintenance and error, offering self-driving, self-scaling and self-repairing database functions
Enquire before Purchasing this report at- https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12346104
Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Enterprise Application Integration Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Enterprise Application Integration Market growth during the forecast period.
- Identify the latest developments, Enterprise Application Integration market shares and strategies employed by the major market players.
Buy this report (Price 4250 USD for single user license) at- https://www.marketreportsworld.com/purchase/12346104
Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products or Services
4.2.5 Competitive Rivalry among Existing Competitors
4.3 Industry Valuechain analysis
5. Market Dynamics
5.1 Factors Driving the Market
5.1.1 Increasing Spending and Demand for Real-Time Data Access and Management
5.1.2 Technology Advancements in Businesses
5.2 Factors Restraining the Market
5.2.1 Inadequate EAI Knowledge
6. Technology Snapshot
7. Global Enterprise Application Integration Segmentation
7.1 By Deployment Type
7.1.1 On-premise
7.1.2 On-demand
7.1.3 Hybrid
7.2 By Company Size
7.2.1 Large Enterprises
7.2.2 Small and Medium sized Enterprises
7.3 By End-user Industry
7.3.1 BFSI
7.3.2 Business Services
7.3.3 IT & Telecom
7.3.4 Manufacturing
7.3.5 Healthcare
7.3.6 Retail & Wholesale
7.3.7 Government
7.3.8 Others
7.4 By Geography
7.4.1 North America
7.4.2 Europe
7.4.3 Asia-Pacific
7.4.4 The Middle East & Africa
7.4.5 Latin America
8. Competitive Intelligence - Company Profiles
8.1 IBM Corporation
8.2 Fujitsu Ltd.
8.3 Microsoft Corporation
8.4 MuleSoft
8.5 Oracle Corporation
8.6 SAP SE
8.7 Software AG
8.8 Tibco Software Inc.
8.9 Hewlett-Packard Company
*List Not Exhaustive
9. Investment Analysis
10. Future Outlook of the Market
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Baner - Mhalunge Road, Baner, Pune 411045
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs.
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