Scope of Personalization to Fuel Preference for APT-based IPaaS

19 September 2018: Integration Platform as a Service (IPaaS) is a multi-tenant platform that offers a cloud service for process, data, application, and application programs integration. It supports on-premise, cloud, and hybrid deployment and scales to address high volume demands of Electronic Data Interchange (EDI), mobile, and Extract, Transform, and Load (ETL) environments. Need for scalability and business agility is expected to escalate the demand for IPaaS.

Growing Trend of Automation to Promote Process Integration

On the basis of integration, IPaaS can be classified into process-based, application-based, Application Program Interface (API)-based, and data-based. Among these, demand for API integration will remain strong through 2025. There is an increasing inclination toward this category owing to rising awareness regarding the merits of APIs such as high efficiency, wider reach, and scope of personalization. Introduction of advanced IPaaS with API integration can rev up the adoption rate.

For instance, in May 2017, Informatica came up with an advanced version of Informatica Intelligent Cloud Services that features a next-generation user experience running on a modern API-based microservices architecture. Demand for process integration will also register a sharp rise in coming years. This type of integration helps in better streamlining of processes. Emerging ubiquity of automation is supporting the growth of the segment.

Market Insights

According to a report by Grand View Research Inc., the global integrated platform as a service (IPaaS) market is projected to reach USD 2.70 billion by 2025. Surging demand for lean and quicker integrated platform is contributing to the growth of this market. Rising need to cut down on high cost, complexity, and lengthy delivery times in infrastructure development for integration is encouraging rapid technological advancements in this field.

This factor is also playing a vital role in the development of the global market. Geographically, the North America regional market will maintain dominance throughout the forecast period (from 2018 to 2025). Some of the prominent companies in the market are MuleSoft, Inc.; Dell Boomi; Microsoft Corp.; SnapLogic; and Oracle Corp.

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https://www.grandviewresearch.com/industry-analysis/integration-platform-as-a-service-ipaas-market