Integration Platform as a Service Market Size, Share & Trends Analysis Report By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global Integration Platform as a Service market size was valued at USD 575.0 million in 2016. IPaaS is a branch of Platform as a Service (PaaS) that consists of cloud technologies such as cloud storage, cloud computing, and other internet technologies that are associated with shared devices and converged infrastructure for enterprises. Integration can seek advantage from the powerful storage, computational, and communications resources of contemporary data center in the cloud, which can share and process information from different systems, when connected to the cloud.

The high cost, lengthy delivery times and heavy complexity in infrastructure building for Integration through traditional on-premises approaches contradict the concept of lean approaches and management. The rapid innovation capabilities in the IPaaS market, and the need for lean and quicker Integrated platform have resulted in rising inclination towards IPaaS. Exponential growth in the user subscription over the last few of years has impelled many key players in the information technology and cloud computing industry to venture and invest in this industry.

The market trends seem to be moving ahead of the initial structure of data and process synchronization, which was primarily concentrated towards applications and data sources. The market is currently concentrated towards Application Program Interface (API) creation, utilization of the IPaaS in the huge potential Internet of Things (IoT) market and big data analytics market. The innovation within the Integration technology in order to increase the compatibility in various verticals is anticipated to drive the market growth.

The Asia-Pacific region is the fastest growing Integrated Platform as a Service Market with a CAGR of 25.0% between 2017 to 2024. The region is home to two major developing economies viz. China and India along with developed economy like Japan. The east Asian region is a manufacturing hub for advanced electronic and electrical sectors along with automotive sector which provides significant boost to the market. The growth in industrialization and manufacturing in the region are the primary drivers for the Integration Platform as a Service Market.

Integration Type Insights

The IPaaS market by Integration type segment consist of four types of Integration which are data, applications, application program interfaces (API), process Integration. The Application Program Interfaces (API) Integration segment is estimated to dominate the market valuing at USD 208.4 million in 2016. The segment is also estimated to experience the fastest growth over the forecast period as many enterprises are estimated to adapt to integrated platform as a service module.

The process Integration is the second fastest growing Integration, growing at CAGR of 19.7% by 2024. This type of Integration is implemented by nearly all type of sectors in order to streamline their processes. The rising demand for industry automation is the major driver for the growth of process Integration globally.

Service Insights

Technologies related to Data mapping and transformation, Routing and orchestration, Integration flow development and life cycle management tools, API life cycle management, Business to Business (B2B) and cloud Integration, Internet of things (IOT) are expected to prevail with prominence over the upcoming years. The IPaaS helps integrate these technologies by providing a platform.

Moreover, the evolution of IoT has also accelerated the growth momentum of the market with its diverse applications in the development of the interactive software platform, cloud computing platform and on-premises hardware equipment for the safe and secure. The large players in the market are investing significant resources to continuous product development in order to keep up with the market dynamics.

Deployment Insights

Increasing automation in the manufacturing sector is likely to push the demand for integrated platform as a service technology in the coming decade. Moreover, growing demand from the metal and machinery, food & beverage, and the plastics & rubber industry is anticipated to drive the market with a substantial pace.

With an advent of cloud/fog computing and big data technologies, IoT along with AI is likely to experience a headlong growth in the future. Moreover, innovation of smart sensors or intelligent sensors, that combine with AI and IoT to provide real-time feedback and data have contributed to the adoption of technology significantly.

Regional Insights

North America is expected to be a significant region for the IPaaS, owing to the presence of robust service sector. The region accounted for over 55.7% revenue share in 2016 and is estimated to reach over USD 1,337.1 million by 2025. The need of integrating various applications and processes under a single platform is driving the market growth.

Asia Pacific is projected to be the fastest-growing region owing to the presence of robust economies such as China, India, and Australia. The increasing adoption of cloud computing in the retail sector is boosting the regional growth. Moreover, the strong growth in cloud computing adoption in manufacturing sectors is also expected to drive demand.

Integration Platform as a Service Market Share Insight

Key competitors such as Informatica, Dell Boomi, MuleSoft, and Snaplogic majorly occupies the global market share. Other prominent players include Oracle, Jitterbit, Microsoft, SAP and others. These players are involved in research and development activities to develop platforms compliant with the regulatory standards mandated by the government authorities.

The intense competition is enabling market participants to develop innovative products that are efficient and provides better Integration of their applications, data, and processes. Strategic investments and partnerships are anticipated to be the most efficient way to gain quick access to the emerging markets.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth on the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2015 to 2024. For the purpose of this study, Grand View Research has segmented the Integrated Platform as a Service market on the basis of Integration type, services, Deployment, and region:

• Integration type Outlook (Revenue, USD Million; 2015 - 2025)

  • Data Integration

  • Application Integration

  • Application Program Interfaces (API) Integration

  • Process Integration

• Services Outlook (Revenue, USD Million; 2015 - 2025)

  • Data mapping and transformation

  • Routing and orchestration

  • Integration flow development and life cycle management tools

  • API life cycle management

  • Business to Business (B2B) and cloud Integration

  • Internet of Things

  • Others

• Deployment Outlook (Revenue, USD Million; 2015 - 2025)

  • Cloud

  • On-Premise

  • Hybrid

• Regional Outlook (Revenue, USD Million; 2015 - 2025)

  • North America

  • Europe

  • Asia Pacific

  • RoW