IPaas Software Market to See Revolutionary Growth: IBM, Microsoft, Oracle
Updated · May 12, 2023
Published Via 11Press : As per the latest report by HTF MI, the global market for IPaas software is projected to grow at a rate of 23.9%. The market size, which is currently valued at USD 2.02 Bn, may reach USD 11.14 Bn by 2028.
The most recent integration platform to emerge is the iPaaS Software, which enables a seamless connection between applications running on-premises and in several clouds. The platform has middleware elements for data sharing across various system entities as well as management and orchestration functions.
The middleware services include ESB, data integration, and enterprise application integration. By integrating operational data in real-time across numerous cloud and on-premises apps, iPaaS Software facilitates business operations.
These advantages encouraged businesses to use iPaaS Software services, which minimize costs by cutting down on operational redundancies by successfully integrating cloud-based services. The usage of iPaaS Software among businesses has expanded as a result of a growing understanding of its advantages.
The most recent market research report from HTF MI on the global IPaas software market analyses risk factors, points out opportunities, and makes use of tactical and strategic decision-making support. The analysis offers details on market trends and developments, growth catalysts, technologies, and the evolving IPaas Software Market investment structure.
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IPaas Software Market Key Players
Below are the most prominent enterprise IPaas Software industry players.
- Boomi Inc. (United States),
- Celigo (United States),
- DBSync (United States),
- io (Germany),
- Flowgear (South Africa),
- IBM Corporation (United States),
- Jitterbit Inc. (United States),
- Microsoft Corporation (United States),
- MuleSoft LLC (United States),
- Oracle Corporation (United States)
IPaas Software Market Key Business Segments
By Product Type
By End Use Application
- Government & Public Sector,
- Media & Entertainment,
- Healthcare & Life Sciences,
- Consumer Goods & Retail
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On May 2, 2021, TPG Capital, the private equity division of the renowned global alternative asset firm TPG (iPaaS), and Francisco Partners, a renowned global investment firm that specializes in working with technology companies, signed the definitive agreement to acquire Boomi, a leading provider of cloud-based integration platform as a service, from Dell Technologies.
Barring unforeseen closing conditions, the $4 billion cash purchase was expected to close by the end of 2021. The terms of the transaction were kept under wraps. Due to the large number of participants, the market is competitive. The retention of competent employees and spending on R&D to gain an advantage over rivals are the companies’ top goals. The corporation primarily employs mergers, acquisitions, and partnerships to broaden its customer base.
Market Growth Drivers
- IPaaS makes it easier for enterprises to adopt and use cloud technology by providing a standard platform for integrating on-premises and cloud-based applications.
- The growing adoption of cloud technology and the digital transformation trend are driving the market expansion for IPaaS solutions.
- IPaaS enables businesses to make data-driven decisions and adjust to shifting market conditions by integrating data from numerous sources in real time. IPaaS offers a scalable, cloud-based platform for integrating apps and data, enabling businesses to reduce the costs associated with using traditional integration solutions.
- As a result of the considerations of cost, management, and convenience, the market is thriving.
- The integration of apps and data across various cloud environments is becoming important as businesses adopt more cloud services.
- As a result, there is a huge market for IPaaS. It is essential to link IoT data with other corporate systems and apps if firms are to benefit from IoT technology.
- As a result, there is a large chance that the market for IPaaS will grow as IoT adoption rises.
- Because the integration of sensitive data across numerous systems and applications may result in security and privacy issues, organizations may be hesitant to adopt IPaaS solutions. a result of the technological issues Businesses may find it difficult to implement and install IPaaS solutions, and utilizing all of IPaaS’s benefits may be difficult due to a lack of in-house technical expertise.
- Since IPaaS solutions might not be compatible with older systems, organizations may need to spend money upgrading or replacing legacy systems in order to fully benefit from IPaaS.
- Therefore, IPaaS adoption is being discouraged and the market’s growth is being constrained by data privacy, technical expertise, and high installation costs.
Major Development in the IPaas Software Market
|Market Forecast (2029)||USD 11.14 Bn|
|Current Market Size (2022)||USD 2.02 Bn|
|Major Players Profiled||MuleSoft LLC (United States),Boomi Inc. (United States), Celigo (United States), DBSync (United States), Elastic.io (Germany), Flowgear (South Africa), IBM Corporation (United States), Jitterbit Inc. (United States), Microsoft Corporation (United States), Oracle Corporation (United States)|
Key findings of the study on the global market for IPaaS software:
- Market CAGR from 2022 to 2029, the anticipated projection period
- Detailed information on the market drivers for IPaas software for the coming several years.
- Extensive Information on Changing Consumer Behaviour and Future Trends
- A forecast of the size of the global IPaas Software market and its share of the parent market, broken down by type, application, and nation.
- a thorough analysis of consumer demand
- Discover the market’s competitive environment and comprehensive data on different companies.
- Detailed information on the variables that would hinder the development of IPaas Software players
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Important Triggers and Transformation:
- The convergence of a number of key triggers, such as:
- Significant changes in the technology and cost structure of the IPaas Software Industry
- A turning point in globalization
- The difficulties posed by regulatory compliance in the IPaas Software Market
- A significant slowdown in developed economies
- The emergence of new forms of competition in the IPaas Software Industry
- The global IPaas Software market size is estimated and verified using top-down and bottom-up techniques. Different industry classification standards, such as NAICS, ICB, and SIC, are closely followed by players in order to penetrate deeply into crucial geographies.
- A thorough validation test is also carried out in order to reach the most relevant players for the survey in the IPaas Software market. Companies are ranked according to the revenue they reported in the most recent report, utilizing paid sources, to create a priority list.
- After scheduling an interview, the questionnaire is then set up and particularly created to fulfill all the requirements for gathering primary data, with a focus on a key target audience that includes analysts and strategic business planners, new entrants and investors, government bodies, and others.
- This aids in the collection of information on the player’s revenue, OPEX, profit margins, expansion of their product or service, etc. Almost 80% of the data is gathered from original sources, and the remaining 20% is verified using a variety of secondary sources, such as the websites of companies, SEC filings, white papers, OTC BB, annual reports, press releases, associations, regulators, the World Bank, etc.
Main ideas of the report:
- SWOT Analysis
- IPaas Software Detailed competitive landscape
- IPaas Software Market Trends
- IPaas Software Market Outlook (2023-2028)
- IPaas Software Market Drivers and Success Factors
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
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