iPaaS Market Analysis Size, Growth rate and Overview:
iPaaS Market size
was Expected to Reach at USD 1456
million
by the end of 2025 from USD 470 million in 2017 and with
a CAGR of 39.6% during the forecast period 2018-2025.
The Integration Platform as a Service
(iPaaS) is a cloud-based application that integrates applications and
databases. It can also be defined as a set of combinations based on the cloud,
which allow end users to develop, manage, manage and integrate applications and
services in a single and integrated infrastructure. The telecommunications
sector represents the largest turnover, while BFSI is expected to be the
fastest growing sector in the global iPaaS market during the forecast period.
Among the size of the organization, large companies represent the main income.
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iPaaS Market Key Drivers, Challenges, and Opportunities:
The global iPaaS market is driven by
factors such as the need for business agility, greater corporate awareness of
iPaaS, faster implementation and scalability, the growing adoption of SaaS
applications and the reduction of transportation costs.
The total cost of ownership is an
estimate of the expenses associated with the purchase, implementation, use and
disposal of a product or equipment. The total cost of ownership quantifies the
cost of purchase throughout the life cycle of the product. IPaaS also helps
companies reduce their operating costs. For example, the total cost of
ownership of a server includes a high purchase price, reduced system
administration time and good technical support through its easy-to-use
interface. Professional organizations use several methods to reduce the total
cost of ownership. IPaaS helps companies analyze the total cost of ownership
taking into account all intangible costs. These include the costs of
maintaining and monitoring the purchase over time. With the help of iPaaS
technology, companies are looking more closely at the scenario of their
technology-related purchases, including the complete image and discovering
areas where new efficiencies and improvements can be made.
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iPaaS Market – Regional
Presence:
North
America currently has the largest market share of iPaaS due to the strong
adoption of cloud computing technologies by companies. The adoption of other
software-defined models, such as SaaS and IaaS, also has a positive impact on
the iPaaS market. Companies like Oracle and IBM are working to develop iPaaS
platforms to improve market opportunities. In Europe, the market is
experiencing a high growth rate due to the demand for cloud integration
solutions without increasing the number of hardware components.
The
Asia-Pacific region follows the Europe region and is expected to experience the
highest growth rate in the coming years as a result of the adoption of managed
services and the increasing adoption of integration services.
Some of
the Key Players Profiled in this iPaaS Market Report are:
Some of the key players operating in the global iPaaS
market are Informatica, Boomi Inc., MuleSoft, Inc., SnapLogic, Inc., Celigo,
Inc., Jitterbit, Inc., IBM Corporation, Oracle Corporation, DBSync Ltd and
Scribe Software Corporation.
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kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
https://marketreportsweb.com/
https://acutemarketinsights.com/
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