Integration Platform As A Service Market Size, Share, Opportunities, And Trends By Deployment Type (On-Premise, Off-Premise), By Component (Hardware, Software), By Enterprize Size (Small, Medium, Large), And By Geography - Forecasts From 2023 To 2028

The integration platform as a service market is anticipated to show steady growth during the forecast period.

Integration platform as a service (iPaaS) is a set of cloud-based services that enables the creation, execution, and management of integration flows that connect different software applications and data within a single organization or over multiple organizations. It is used to overcome the difficulties of integrating disparate applications and data sources, resulting in more effective and efficient company operations. Growing demand for data integration services and technology advancements served as a driving force behind the growth of the integration platform as a service market.

Market Drivers

• Booming data integration services bolsters the integration platform as a service market growth.

Growing demand for data integration services plays a significant role in the growth of integration platforms as a service market. The ongoing requirement for data integration across numerous industries such as banking and financial services, retail, education, government, and public sectors expands the adoption of Integration Platforms as a Service in different enterprises. Businesses demand highly scalable and effective integration solutions to connect their applications and data which creates an opportunity for industry leaders to invest in new integration services to fulfill market demands. For instance, in August 2023, Striim, Inc. released Striim Cloud 4.2. the latest version of its emerged real-time data integration and streaming platform.

• Growing SMEs drive the integration platform as a service market growth.

Integration platform as a service (iPaaS) provides a low-cost solution, that attracts companies, especially small and medium-sized enterprises. SMEs use iPaaS solutions to boost business performance, make better choices, and manage the overall integration process at a lower cost. These cost-effective solutions are driving the demand for integration services in SMEs. Additionally, the strategic collaboration to bolster small, and medium enterprise's strength and productivity has also provided a positive scope to the demand for integration platforms as a service. For instance, in April 2022, the Organization of American States (OAS) and Brazil signed an agreement to encourage small businesses in the country through the execution of the OAS-led Small Business Development Centers (SBDC) program.

• Increasing microservices drives the integration platform as a service market expansion.

Microservices is an application method of development that splits large systems into smaller independent services which simplifies application integration. Integration platform as a service (iPaaS) offers a variety of services that help in the combination of microservices. Various organizations and firms are investing in spring & microservices for building scalable and distributed systems for large and complex applications which is anticipated to stimulate demand for Integration platform as a service (iPaaS) thereby driving the overall iPaaS industry growth.

Asia Pacific is projected to account for a major share of market growth.

Asia Pacific is expected to account for a significant share of the integration platform as a service market due to the region's rapid growth in cloud infrastructure and data integration services. Several investments are being made in cloud infrastructure by industry leaders and governments. For instance, in May 2023, Amazon Web Services (AWS) announced its plans to invest INR 1,05,600 crores in India to meet growing customer demand for cloud services. In March 2020, Fujitsu announced its entry into the cloud computing market in support of the Japanese government. Fujitsu created a new cloud service based on its existing "Fujitsu Cloud Service for OSS" that is specifically designed for central government agencies and related enterprises.

Market Challenges

• Confidential data security concerns will restrain the integration platform as a service market growth.

Concerns about data security can pose a significant challenge for iPaaS solutions. Integration platform as a service (iPaaS) solutions handle sensitive data while transferring between applications. It is critical to ensure the security of confidential data during transfer to prevent unauthorized access or interception. These factors increase security concerns which might affect the growth of the integration platform as a service (iPaaS) industry.

Market Development

• November 2023- Actian Corporation relaunched the Actian Data Platform, which now offers hybrid integration as a service. The Actian Data Platform enables businesses to perform self-service data integration, lowering costs and addressing multiple use cases without the need for various services.
• October 2023: Software AG launched “Super iPaaS” a new category of its integration platform that will address the changing needs of large, modern enterprises by enabling them to maintain good IT governance. The end-to-end hybrid integration provides a seamless flow of data to enterprises thereby enabling them to optimize their decision making.
• November 2022-  Qlik launched Qlik Cloud Data Integration, the company's latest Enterprise Integration Platform as a Service (eiPaaS). It assists enterprises in increasing the value of their data by improving access to, transformation, and transfer of that data from any source to any destination within the company.

Company Products

• Workato Enterprise Automation Platform- Workato offers an enterprise iPaaS platform that integrates and automates business applications and processes, as well as a cloud-native architecture built for scale and speed. It saves thousands of hours of development time and money by using an intuitive, drag-and-drop interface to create APIs, integrations, and automation.
• Informatica Intelligent Data Management Cloud- Informatica’s Intelligent Data Management Cloud (IDMC) supports any cloud-native pattern, including data, application, and API integration, as well as master data management. Company enterprise integration platform as a service(iPaaS) includes a variety of cloud data management services designed to increase productivity, speed, and growth.
• Celigo Integration Platform- Celigo Integration Platform allows the automation of a wide range of processes throughout your organization. This infinitely scalable, cloud-native platform provides enterprise-grade data governance and safety while supporting a variety of integration types such as applications, data, and B2B interactions.

Segmentation

• By Deployment Type
  • On-Premise
  • Off-Premise
• By Component
  • Hardware
  • Software
• By Enterprize Size
  • Small
  • Medium
  • Large
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Australia
    • Others