Middle East and Africa Integration Platform as a Service (IPaaS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type (Cloud Service Orchestration, Data Transformation, API Management, Data Integration, Realtime Monitoring and I

Middle East and Africa Integration Platform as a Service (IPaaS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type (Cloud Service Orchestration, Data Transformation, API Management, Data Integration, Realtime Monitoring and Integration, Business-to-Business and Cloud Integration, Application Integration, and Others), Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), Enterprise Size (SMEs and Large Enterprises), and Industry (IT and Telecommunications, Government and Public Sector, Consumer Goods and Retail, Energy, Healthcare, Manufacturing, BFSI, and Others) 

The integration platform as a service (IPaaS) market in Middle East & Africa is expected to grow from US$ 87.41 million in 2021 to US$ 206.95 million by 2028; it is estimated to grow at a CAGR of 13.1% from 2021 to 2028. Various organizations are willing to adopt hybrid and multi-cloud strategies in the coming years, as these systems are trending in the relevant sectors. Organizations opt for these strategies as they are reluctant to depend on a single cloud vendor. According to IBM Corp, 98% of organizations are planning to utilize multiple hybrid clouds by 2021. Hybrid cloud provides the benefits of both public and private clouds, by enhancing flexibility to work between both the cloud solutions. Further, it enables organizations to protect their confidential data by storing it in the private cloud and simultaneously using the public cloud for storing public data. The requirements of specific applications and functions will differ with the increase in specialized services, which, in turn, encourages the business managers to opt for multi-cloud and hybrid solutions to run the system effectively and efficiently. Moreover, it is cost-effective and mitigates the risk of business loss. The rising adoption of the hybrid cloud also influences the Middle East & Africa integration platform as a service (IPaaS) market growth. The hybrid model will require proper integration to ensure smooth business functioning over time, thereby contributing to market growth.

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the crucial countries facing the impact of the COVID-19 pandemic in the Middle East & Africa. The sudden spread of the pandemic resulted in a standstill in the economy and declined the technological investments of the companies across the region, thereby negatively impacting the market. However, the stability in the economy by the second quarter of 2020 and rising demand for cloud solutions across organizations to implement efficient remote working culture is creating demand for integration platform solutions, thereby contributing to the growth of the market over the long run across the region.

Based on deployment type, the Middle East & Africa integration platform as a service (IPaaS) market is segmented into public cloud, private cloud, and hybrid cloud. The public cloud segment accounted for the largest market share in 2020. The public cloud segment accounted for the largest market share in 2020. The most common type of cloud computing deployment is public clouds. A third-party cloud service provider owns and operates the cloud resources (such as servers and storage) distributed over the internet. The cloud provider owns and manages all hardware, software, and other supporting infrastructure in a public cloud. Furthermore, it provides a wide range of data recovery options and infrastructures, such as hardware, operating systems, software, and middleware servers, to run applications across several platforms. Furthermore, businesses are adopting public cloud services as they are simple to implement. Moreover, with public cloud solutions, platform solutions such as big data, data analytics, and the Internet of Things became more accessible (IoT). Various enterprises are migrating to public cloud offerings to meet the growing demand for public cloud solutions. The key benefits of the public cloud include lower costs, no maintenance, near-unlimited scalability, and high reliability, thereby increasing the segment’s growth in the market.

The overall Middle East & Africa integration platform as a service (IPaaS) market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Middle East & Africa integration platform as a service (IPaaS) market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East & Africa integration platform as a service (IPaaS) market. IBM Corporation; Informatica; Microsoft Corporation; Oracle Corporation; SAP SE; Seeburger AG; and Software AG are a few key players operating in the Middle East & Africa integration platform as a service (IPaaS) market.

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