Integration Platform As A Service Market To Reach $71.35 Billion By 2030

Integration Platform As A Service Market Growth & Trends

The global integration platform as a service market size is expected to reach USD 71.35 billion by 2030, registering a CAGR of 32.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions.

Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity of its operations and better connect to cloud services. The integrations also save the time by providing a common platform for various applications.

The technologies relevant and compatible with Integration flow development, API life cycle management have prevailed with prominence along with the integration of B2B and IoT services with cloud-based platforms. The IPaaS integrates all such industry services and its applications within a common platform. The services such as Internet of things (IoT) and Application Process Integration (API) with continuous increase in the number of users and vendors have resulted in accelerated growth of IPaaS market.

IPaaS hybrid segment was the largest deployment category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. It accounted for a share of 43% in 2016. Hybrid deployment module was the largest service category in 2016 and is expected to maintain a comparatively high growth rate over the forecast period.

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Integration Platform As A Service Market Report Highlights

• The cloud service orchestration segment held the largest market revenue share of 26.8% in 2023. As companies scale their operations, they require more agile and scalable solutions to manage complex integrations across diverse applications and data sources.

• Application Programming Interfaces (API) Management has poised to grow with lucrative CAGR of 34.3% in projected years. APIs are crucial connectors that enable seamless communication and integration between various applications, systems, and services.

• The public cloud segment held the largest market share in 2023. Public cloud offerings provide scalability and flexibility, allowing businesses to easily scale their integration needs according to demand without heavy upfront investments in infrastructure.

• Large enterprises segment held the largest market share in 2023. Large enterprises typically have complex IT environments with diverse applications, systems, and data sources across various departments and locations.

• BFSI dominated the market in 2023. The BFSI industry operates in a highly regulated environment with many data privacy and security standards.

• The North America region dominated the integration platform as a service market with a revenue share of 37.2% in 2023. North American enterprises increasingly adopt cloud-based solutions to streamline operations and enhance scalability.

• Asia Pacific market is expected to experience the fastest CAGR over the forecast period. Asia-Pacific countries are experiencing rapid digital transformation across various retail, manufacturing, healthcare, and finance sectors.

Integration Platform As A Service Market Segmentation

Grand View Research has segmented the global integration platform as a service market on the basis of on service, deployment, enterprise size, end-use, and region:

Integration Platform As A Service Service Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud Service Orchestration

• Data Transformation

• API Management

• Data Integration

• Real-time Monitoring and Integration

• Others

Integration Platform As A Service Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Public Cloud

• Private Cloud

• Hybrid Cloud

Integration Platform As A Service Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Small & Medium Enterprises

• Large Enterprises

Integration Platform As A Service End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• Energy and Utilities

• IT and Telecom

• Government and Public Sector

• Healthcare

• Manufacturing

• Retail

• Others

Integration Platform As A Service Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U. S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Integration Platform As A Service Market

• Informatica Inc.

• Boomi

• SAP

• Oracle

• Salesforce, Inc.

• Workato

• SnapLogic Inc.

• Software AG

• IBM

• Jitterbit