Enterprise Application Integration Market Outlook 2031
The enterprise application integration market size was valued at USD 17.72 Billion in 2022 and is anticipated to reach USD 46.07 Billion by 2031, expanding at a CAGR of 11.2% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing demand from companies to improve the efficiency of their existing systems, rising demand for automation technologies, adoption of cloud computing technology, and the expansion of broadband infrastructure.
Enterprise application integration (EAI) attempts to bring together, modernize, and coordinate a company's numerous computer programs. It is a set of procedures, software, and hardware that results in the seamless integration of two or more business systems, allowing them to function as if they are one.
Prior to enterprise application integration (EAI), there was no idea of corporate data integration since IT systems were developed haphazardly. Enterprise application integration (EAI) brings together all of a company's technologies and services to serve as a middleware that facilitates the integration of multiple systems and applications throughout the organization.
Supply chain management applications, enterprise resource planning (ERP) systems, human resource management, business intelligence systems, customer relationship management (CRM), and payroll systems are examples of business software that cannot connect with one another to exchange data.
Enterprise Application Integration Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from companies to improve the efficiency of their existing systems is projected to fuel the market during forecast period.
- Adoption of cloud computing technology is key factor propelling the market in the coming years.
- Absence of norms and processes is expected to hinder the market growth.
- Lack of skilled labor act as major challenge that can restrict the market in the coming years.
- R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.
Scope of Enterprise Application Integration Market Report
The report on the enterprise application integration market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Enterprise Application Integration Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Deployment Type (On-premise, Cloud, Hybrid), Organization Size (Large Enterprise, Small & Medium-sized Enterprises), End-user (BFSI, IT & Telecom, Healthcare, Retail, Government, and Manufacturing)
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Geographical Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Oracle Corporation; IBM Corporation; Fujitsu Ltd; Salesforce.com Inc. (MuleSoft Inc.); Microsoft Corporation
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Enterprise Application Integration Market Segment Insights
The cloud segment is projected to hold a major market share
Based on deployment type, the enterprise application integration market is divided into on-premise, cloud, and hybrid. The cloud segment is expected to represent key share of the market during forecast period. Modern technology is advancing at a fast pace in the business world.
Cloud computing, big data, internet of things, and other technologies make it easy to share information and govern data. Diverse workflow solutions, BYOD, migration to cloud-based solutions, and real-time application integration are all contributing to the market's favorable growth. Many companies are migrating from on-premise models to cloud-based integrated solutions, which is likely to increase market demand.
The large segment is expected to grow at a rapid pace
On the basis of organization size, the enterprise application integration market is segregated into large enterprise and small & medium-sized enterprises. The large segment is expected to represent a key share of the market during forecast period. These integration tools have already been deployed by large corporations.
Additionally, the worldwide enterprise application integration (EAI) industry sees mobile data integration as a key potential. On the other hand, small and medium-sized businesses will need to modify these cost-effective technologies for integration applications.
The IT & telecom segment is anticipated to register rapid CAGR
In terms of end-user, the enterprise application integration market is divided into BFSI, IT & telecom, healthcare, retail, government, and manufacturing. The IT & telecom segment is expected to represent a key share of the market during forecast period. The growth of cloud platforms is driving demand for EAI solutions in the IT sector.
As a result, they are likewise moving to cloud deployment in order to preserve a competitive advantage. This is due to fast evolving technology, rising demand, client diversification, desire for current products, and services at low rates.
As a result, CSPs should be able to maintain and administer a variety of systems and applications across numerous functions by using EAI to achieve logical business process integration across heterogeneous application platforms. Cloud platforms are used to connect many applications, allow new and extended channels, control expenses, manage private clouds, enhance client data access, and provide other improved services.
Regional Analysis
On the basis of geography, the enterprise application integration market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. Almost all end-user sectors in the area have a high rate of adoption. Retail, BFSI, and manufacturing are the key end-user sectors driving the market.
With the introduction of industry 4.0 rules and the US government's goal of reintroducing manufacturing to the country, the use of EAI solutions in the manufacturing sector has skyrocketed.
Furthermore, owing to the recovery of the oil and gas industry, a major contributor to the region's economy, the banking and financial sectors in the United States and Canada are rapidly gravitating toward high-quality digital services with the aid of EAI solutions.
Segments
The enterprise application integration market has been segmented on the basis of
Deployment Type
Organization Size
- Large Enterprise
- Small & Medium-sized Enterprises
End-user
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Government
- Manufacturing
Geography
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the enterprise application integration market include Oracle Corporation, IBM Corporation, Fujitsu Ltd, Salesforce.com Inc. (MuleSoft Inc.), and Microsoft Corporation.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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