The global enterprise integration platform as a service market is expected to expand at substantial CAGR during the forecast period, between 2021 and 2028. The enterprise integration platform as a service can combine data, application programming interfaces (APIs), and projects using a mix of on-premises and cloud-based endpoints.
The multi-dimensional nature of daily operations is one of the primary problems that companies’ encounter, and providing seamless coordination in the workflow involving multiple business activities becomes a difficult task in such circumstances.
Using the enterprise integration platform as a service to improve cloud service integration saves time by offering a single platform for many applications. Many industries including banking sector are nowadays adopting digital solutions like public cloud, hybrid cloud and private cloud for their daily operations which will help in further growth of the market.
Market Trends, Drivers, Restraints, and Opportunities
- Rising awareness between enterprises about the various benefits of enterprise integration service is likely to drive the market growth during the forecast period.
- Growing requirement for solutions that can seamlessly connect cloud and on-premises applications and eliminate the redundancy in everyday operations through the integration of cloud-based services, is expected to drive the market growth.
- High initial cost of setting up an enterprise integration platform as a service and the lack of data security solutions can restrain the market growth.
- The introduction of APIs in the big data analytics and IoT can create lucrative opportunities for industry players.
Scope of Enterprise Integration Platform as a Service Market Report
The report on the global enterprise integration platform as a service market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have 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 Integration Platform as a Service Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018 & 2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Monthly Subscription and Annual Subscription), Product Types (Public Cloud, Private Cloud, and Hybrid Cloud), Integration (Data Integration, Application Integration, Application Program Interfaces (API) Integration, and Process Integration), Enterprise Sizes (SMEs (Small and Medium Enterprises) and Large Enterprises)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Dell Boomi, Inc., Jitterbit, Inc., MuleSoft, Inc., Celigo, Inc., DBSync, Oracle Corporation, Flowgear, IBM Corporation, SnapLogic, Inc., Scribe Software Corporation, SAP SE and Informatica Corporation
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Enterprise Integration Platform as A Service Market Segment Insights
Monthly subscription segment to expand at a steady rate
On the basis of types, the market can be bifurcated into monthly subscription and annual subscription. The annual subscription segment dominated the market due to low-cost of annual plan than monthly plans. On the other hand, the monthly subscription segment is estimated to grow at a steady rate as many companies opt for monthly plans to avoid long-term commitments
Application program interfaces (API) is projected to hold significant market share
In the terms of integration, the market can be divided into data, applications, application program interfaces (API), and process integration. The API segment is expected to hold a significant market share during the forecast period. On the other hand, the process integration segment is estimated to grow at a rapid pace due to the requirement for companies to simplify their processes market and rising demand for industrial automation solutions.
Hybrid segment held a substantial market share in 2020
Based on the deployment models, the global enterprise integration platform as a service market can be fragmented into the cloud, hybrid, and on-premise. The hybrid segment is expected to dominate the industry due to its ability to combine the greatest characteristics of cloud and on-premise. Furthermore, it allows a company to make a smooth transition to a cloud-based architecture. The hybrid segment is likely to be driven by optimal data deployment and greater flexibility than other two segments.
Small and medium enterprises segment to grow at a healthy rate during the forecast period
Based on end-users, the market can be segregated into small and medium enterprises (SMEs) and large enterprises. The SMEs segment is estimated to grow at a robust rate due to increased awareness and complexity of integrating applications on on-premise and cloud. On the other hand, the large enterprises segment is estimated to grow at a rapid pace in the coming years.
North America to account a large market share
In terms of regions, the global enterprise integration platform as a service market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020 due to the rising usage of cloud computing in the manufacturing and retail sectors in countries such as the US and Canada.
Segments
By Types
- Monthly Subscription
- Annual Subscription
By Integration
- Data Integration
- Applications Integration
- Application Program Interfaces (APIs)
- Process Integration
By Deployment Modes
- Public Cloud
- Private Cloud
- Hybrid Cloud
By End-users
- Small and Medium Enterprises (SMEs)
- Large enterprises
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Dell Boomi, Inc
- Jitterbit, Inc
- MuleSoft, Inc
- Celigo, Inc
- DBSync
- Oracle Corporation
- Flowgear
- IBM Corporation
- SnapLogic, Inc
- Scribe Software Corporation
- SAP SE
- Informatica Corporation
Competitive Landscape
Key players in the global enterprise integration platform as a service market are Dell Boomi, Inc., Jitterbit, Inc., MuleSoft, Inc., Celigo, Inc., DBSync, Oracle Corporation, Flowgear, IBM Corporation, SnapLogic, Inc., Scribe Software Corporation, SAP SE and Informatica Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
In January 2019, TSO logic, a business that delivers analytics-driven insights to enable smarter migrations and utilize actionable analytics to improve the efficiency of the AWS integration platform, was purchased by Amazon Web Services (AWS), a cloud infrastructure and information technology services provider.
In January 2018, AWS acquired Sqrrl, a startup that creates big data analytics tools for detecting, analyzing, and visualizing sophisticated cybersecurity risks, to improve the security of its business integration platform.
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