Press release
Integration Platform as a Service Market Worth USD 20.18 Billion By 2028 At CAGR 28.6%- Report By Introspective market Research
Global Integration Platform as a Service Market Was Estimated At USD 3.47 Billion In 2021, And Is Projected To Reach USD 20.18 Billion By 2028, Growing At A CAGR Of 28.6% Over The Analysis Period.
An integration Platform as a Service or PaaS is a platform that standardizes how applications are integrated into an organization, by making it share data across applications and easier to automate business processes. Or in simple terms, we can say, iPaaS is a platform for building and deploying integrations within the cloud and between the cloud and enterprise. With iPaaS, users can develop integration flows that connect applications residing in the cloud and on-premises and then deploy them without installing or managing any middleware or hardware.
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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
Market Dynamics:
Driver:
Hybrid clouds offer the benefits of public and private clouds with increased flexibility to work between both cloud solutions. In addition, organizations can protect sensitive data by storing it in a private cloud while using the public cloud to store public data. As professional services grow, application and feature-specific needs will vary. This allows business managers to choose multi-cloud and hybrid solutions to run their systems effectively and efficiently. In addition, it is cost-effective and reduces the risk of business losses. The adoption of hybrid clouds will also drive the growth of the Integration Platform as a Service Market Size.
Opportunities:
During the forecast, consumer behavior will change radically. It has been observed that most consumers are looking for instant solutions to their problems in addition to constant communication and feedback. Due to this shift in attitude, businesses are finding it difficult to cope with such dynamic customer requirements. With new demands, businesses need to incorporate advanced tech tools to manage the volume of growing customer requests, which can be an expensive affair. This is the opportunity for the Integration Platform as a Service.
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Market Segmentation
Segmentation of Integration Platform as a Service Market:
By Deployment
• Public Cloud
• Hybrid Cloud
• Private Cloud
By Application
• API Management
• Application Integration
• Cloud Integration
• Data Integration
• B2B Integration
• Others
By End-Use Industry
• Healthcare & Life Sciences
• BFSI
• Energy & Utilities
• Manufacturing
• Government & Public Sectors
• Others
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA
The latest research on the Integration Platform as a Service market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global keyword industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Integration Platform as a Service market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Top Key Players Covered In Integration Platform as a Service Market
• Workato Inc.
• Boomi LP
• Informatica
• Celigo
• Jitterbit
• Blendr.io
• Mulesoft
• Zapier
• Oracle
• IBM Corporation
• Amazon Web Services
• TIBCO
• Pabbly
• Skyvia
• Software AG, and Other Major Players
Key Industry Development In The Integration Platform as a Service Market
In April 2022, Workato has made Workato Enterprise Key Management (EKM) available to its customers. Customers in highly regulated industries can use this feature to gain control, flexibility, and compliance over their encryption keys and data within the Workato platform. Workato is the only vendor of Enterprise Integration Platform as a Service (eiPaaS) that allows customers to bring their own keys to encrypt data, adding an extra layer of assurance and protection.
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