Integration platform as a Service (IPaaS) is a multi-tenant platform that offers a cloud service for process, data, and application, and application programs integration. It supports on-premise, cloud, and hybrid deployment and scales to address high volume demands of electronic data interchange (EDI), mobile, and extract, transform, and load (ETL) environments. Need for scalability and business agility is expected to escalate the demand for IPaaS.
Growing Trend of Automation to Promote Process Integration
On the basis of integration, IPaaS can be classified into process-based, application-based, API-based (application program interfaces), and data-based. Among these, demand for API integration will remain strong through 2025. There is an increasing inclination toward this category owing to rising awareness regarding merits of APIs such as high efficiency, wider reach, and scope of personalization. Introduction of new and advanced integrated platform as a service with API integration can rev up the adoption rate. For instance, in May 2017, Informatica came up with an advanced version of Informatica Intelligent Cloud Services that features a next-generation user experience running on a modern API-based microservices architecture.
Demand for process integration will also register a sharp rise in coming years. This type of integration helps in better streamlining of processes. Emerging ubiquity of automation is supporting the growth of the segment.
Market Insights
According to a report by Grand View Research Inc., the global integrated platform as a service (IPaaS) market is projected to amount to USD 2,705.8 million by 2025. Surging demand for lean and quicker integrated platform is contributing to the growth of the market. Additionally, soaring need to cut down on high cost, heavy complexity, and lengthy delivery times in infrastructure development for integration is encouraging rapid technological advancements in the field of IPaaS, which in turn is playing a vital role in the development of the market.
North America will maintain dominance in the market throughout the forecast period (2017–2025). Some of the prominent companies operating in the market are Dell Boomi, Microsoft, Snaplogic, Oracle, and MuleSoft.
In-Depth Research Report On Integration Platform as a Service (IPaaS) Market:
https://www.grandviewresearch.com/industry-analysis/integration-platform-as-a-service-ipaas-market
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