Integration Platform As A Service Market Trends Are Opening ...| MENAFN.COM

Saturday, 01 October 2022 08:18 GMT

Integration Platform As A Service Market Trends Are Opening Up New Avenues For Innovation And Research - 2031


(MENAFN- EIN Presswire)

Integration Platform as a Service Market

Rising demand for integration platforms as a service across several industry verticals is driving the market growth.

PORTLAND, PORTLAND, OR, UNITED STATE, September 22, 2022 /EINPresswire.com / -- As per the report, the global integration platform as a service industry accounted for $3.4 billion in 2021, and is expected to reach $37.9 billion by 2031, growing at a CAGR of 27.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

The increase in the importance of cloud real-time monitoring in business sectors and the adoption of hybrid and multi-cloud infrastructure has boosted the growth of the global integration platform as a service market . Moreover, the surge in demand for streamlined business processes and a surge in the adoption of cloud services among SMEs would open new opportunities in the future.

Download Sample Report (Get Full Insights in PDF - 310 Pages) at:

Covid-19 scenario:

•During the pandemic, several governments imposed strict travel restrictions and other regulations regarding lockdown. However, the industry was positively affected by the pandemic due to the sudden adoption of the work-from-home culture.

•The remote working is expected to continue post-pandemic as well, which would create new opportunities in the future.

By service type, the API management segment held the largest share in 2021, accounting for more than one-fourth of the global integration platform as a service market, as it offers various features such as API design studios and API analytics.

For Report Customization:

The segment is expected to continue its growth throughout the forecast period. However, the application integration segment is expected to manifest the highest CAGR of 30.2% during the forecast period, as it helps in integrating various platforms to the applications for flexibility and efficiency.

By component, the public segment is projected to register the highest CAGR of 27.8% during the forecast period. Furthermore, the segment held the largest share in 2021, contributing to more than two-thirds of the global integration platform as a service industry, and is projected to maintain its leading position during the forecast period. This is owing to various benefits such as faster data accessibility, efficient resource utilization, and cost-effectiveness.

By enterprise size, the large enterprises' segment dominated the market in terms of revenue in 2021, accounting for more than half of the global integration platform as a service market, due to the increase in adoption of integration platform as a service software by various enterprises in BFSI and manufacturing.

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report

However, the SMEs segment would showcase the highest CAGR of 29.0% during the forecast period, due to a surge in adoption of cloud-based IPaaS services, as it provides a cost-effective and efficient solution for SMEs.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Similar Report:

1. System Integration Market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us and is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975

Web:
Follow Us on: LinkedIn Twitter

David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

MENAFN23092022003118003196ID1104912083


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.