Global Integration Platform as a Service (IPaaS) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Integration Platform as a Service (IPaaS) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Integration Platform as a Service (IPaaS) market finds that the global Integration Platform as a Service (IPaaS) market reached a value of USD 5711.85 million in 2022. It’s expected that the market will achieve USD 30822.3 million by 2028, exhibiting a CAGR of 32.44% during the forecast period.

Downstream demand expansion

The most important benefit of iPaaS is its ability to seamlessly connect to different software applications and synchronize data. The IT team can access all of the data from a more centralized location without having to constantly switch between systems to find the information they need.
PaaS significantly reduces the gap between data entry and business intelligence in terms of usage, giving organizations the opportunity to track real-time data about their operations and make the most accurate judgment possible. iPaaS solutions typically offer a range of integration capabilities that accelerate and easily integrate to reduce costs and enable enterprise upgrades.
Increasing downstream demand has driven the market.

Wider application

Business needs to gain more value and achieve higher speeds in the application integration process, so the scope and capabilities of iPaaS have produced a lot of expansion. Workflow automation, API management, enterprise service bus capabilities, and hosted connectivity to common commercial SaaS applications provide a foundation for iPaaS. However, customers hope to achieve more goals through iPaaS. In response to this challenge, the new trend is to help customers easily connect to other services, create a first-class experience for their customers through a variety of unique opportunities, and help them achieve greater goals through workflow.

Region Overview:

United States dominated the Integration Platform as a Service (IPaaS) market in 2022, with a market share of 41.33%.

Company Overview:

Informatica is one of the major players operating in the Integration Platform as a Service (IPaaS) market, holding a share of 23.6% in 2021.

Informatica

Informatica is a software development company founded in 1993.Informatica LLC designs and develops data integration software and services. The Company offers infrastructure software includes data integration, cloud computing, complex event processing, application information lifecycle management, data quality, data security, B2B data exchange, and other related services.

Dell Boomi

Dell Boomi is a business unit acquired by Dell in 2010 that specializes in cloud-based integration, API management and Master Data Management.

Segmentation Overview:

Among different product types, Hybrid Cloud segment is anticipated to contribute the largest market share in 2028.

Application Overview:

In the Integration Platform as a Service (IPaaS) market, 31.44% of the total value was generated through the BFSI segment by application in 2022.

Key Companies in the global Integration Platform as a Service (IPaaS) market covered in Chapter 3:

Adaptris
SAP
Mulesoft
Software AG
Microsoft
Dell Boomi
Oracle
Jitterbit
SnapLogic
Workato
TIBCO Software
Informatica

In Chapter 4 and Chapter 14.2, on the basis of types, the Integration Platform as a Service (IPaaS) market from 2018 to 2029 is primarily split into:

Public Cloud
Private Cloud
Hybrid Cloud

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Integration Platform as a Service (IPaaS) market from 2018 to 2029 covers:

BFSI
Consumer Goods and Retail
Education
Government and Public Sector
Healthcare and Life Sciences
Manufacturing

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)